Monday, 1 August 2022

TSLA up 39% since the Cloud Chart Support Rebound Trade. Now fighting resistance at key cloud chart levels!

TSLA up 39% since the Cloud Chart Support Rebound Trade. Now fighting resistance at key cloud chart levels of 890/891! Need to see a breakout past the 891 top end cloud chart resistance zone with the next key resistance zones at old cloud chart levels of 917 to 926 zones!
On the weekly cloud chart TSLA is now fighting a major resistance zone at the bottom end of the cloud chart! Downside risk remain high if TSLA can't break past this bottom end cloud chart resistance zone!
https://www.metastock.com/alphaharvest3for1

NDX100 E-mini Futures Trades up 2150 points using Artificial Intelligence!

NDX100 E-mini Futures Trades up 2150 points using Artificial Intelligence! June has been a great month trading the NDX100 Index futures with three trades up about 2150 points using AI on the 4H charts.
https://www.metastock.com/alphaharvest3for1

NDX100: Up 16% (+1800 points) since the Cloud Chart Support Rebound Trade! Now close to key resistance zones!

NDX100: Up 16% (+1800 points) since the Cloud Chart Support Rebound Trade! Now close to key resistance zones! So far a great rebound trade! NDX broke past 12523 and 12663 resistance zones and now fighting resistance at the 12888 cloud chart zone with next key resistance at 13140/13315 zones!
On the daily cloud there is upside potential to the next key cloud chart resistance zone at 13387! As long as price action is above the top end of the cloud outlook is bullish! Downside risk to key cloud chart support levels are 12662/12299 and 11957! Consolidation risk to these levels and then a further rebound from there if support holds!

S&P500 Index: Up more than 12% (464 points) since the Cloud Chart Support Rebound trade! Next targets key cloud chart resistance zones!

 S&P500 Index: Up more than 12% (464 points) since the Cloud Chart Support Rebound trade! Next targets key cloud chart resistance zones!



S&P500 index broke past the top end cloud chart resistance zone on the daily cloud chart. Expect this level to be tested for support! The index needs to keep trading above this cloud chart level to confirm a bullish outlook on the daily cloud!

Upside resistance targets 4136, 4227 and 4270 a major resistance zone on the weekly cloud chart target!

Cloud chart support levels that can be tested are 4075/3972! Need to see the rally remain above the top end cloud chart support zone to be bullish!




Thursday, 28 July 2022

Carvana (CVNA.K) Used car sales Carvana down more than 90% since the cloud chart sell/short signal! The clues were all there that it would be a great short!

Carvana (CVNA.K) Used car sales Carvana down more than 90% since the cloud chart sell/short signal!

 The clues were all there that it would be a great short:

 1)  First the business model: "mutton dressed as lamb" when management claiming that Carvana is the Amazon of cars and still just peddling used cars but doing it online, but trying to dress it up as a unique new business model. Particular problem with CEO's of a certain age and experience! 

 2)  There is a convicted fraudster very involved in the business, so there is significant risk in the business! There is generally a high level of repeat offending with criminals, so there is that risk too. 

 3)  The use of creative accounting to manipulate the financials of the company was another tell sign. 

 4)  High levels of insider selling in young unprofitable IPO's was another tell sign! 

 5)  And as we all know that just like one can never trust bankers or politicians you can never trust a used car salesman! 

 You can always bet on human nature! What a great short! The Carvana con!

Tuesday, 26 July 2022

TSLA: Up 28% since rebounding from old cloud chart support zones! Next resistance zones: 856/886!

TSLA: Up 28% since rebounding from old cloud chart support zones! Now digging deeper into cloud chart resistance with the next resistance zones: 856/886 at the top end cloud chart resistance zones! Need to see a breakout past these levels for the cloud chart to be bullish! But so far the cloud chart rebound swing trades have worked out well.