Asphen
Asphen
No personal profile
415Follow
2536Followers
13Topic
0Badge
avatarAsphen
2023-05-21
TSLA is following all the price action indicators very well; Target 190! - Have been performing well since the bounce off the neckline support of 163 - Clearly in a near term buy controlled buy channel but in a larger controlled sell channel - Confluence remains 190 - 19 Apr gap down bear flag has since retraced above 177 which is Fib 78.6 (tends to mean likely a full retrace to 190 My Watch/Plays - Will MA5 cross above MA50 (blue)? - Will price action stay in the buy channel? - If it comes back down to re-test 163 and fails below? ==> This is a bearish one and 146 bound - Look to add more long puts should price action test and stay above MA5 and MA20 - It is all about 190! Break above and we will have some squeeze from 195 to 209 Good luck, all!
avatarAsphen
2024-07-28

NVDA Repeat? - This time is different?

If you think it will be similar, then the pullback is in and we are about to bounce upwards! If you think this time is different, then pullback might be to fib 61.8 which coincidentally is 100 and gap fill down to 95 I'm leaning to the latter as it would be a great opportunity to nibble.  My puts strike are there too. NVDA Daily Chart - 28 July 2024 @macroB  @Deposit  @CaptainTiger  @TigerStars  @Melson   $NVIDIA Corp(NVDA)$  
NVDA Repeat? - This time is different?
avatarAsphen
2023-06-10
SPY breakout of 4 day balance! Rejected off call options wall at 430! BIG catalyst week coming up! - Zero DTE call options stopped SPY run! Big call option wall at 430 meant that market makers will not want market to end Friday above 430! - A big rejection candle formed on Friday with a touch into 431+ as shared in TA Thurs - It is NOT bearish until it is.  - It held above the magical 429/430 level so it awaits CPI Tues! PPI/FOMC Wed! - 4 day area of balance 426 and 429 will be key; Monday might see it break below back into range - On 5min chart, notice that 429 came strongly into support meant bears do not want to take it downwards too far - Note that there is lack of support below 426 down to 421 My watch - If it breaks back below into range 426-429 - If it stays above 426 Overall,
avatarAsphen
2023-09-10
TSLA inverse Head and Shoulder still in play; But hinges on CPI not being too hot! - Coming week CPI market expectation is a high of 0.6! If the figures do not come in lower than 0.6, we might be in for a rude awakening. - MA20 still at 240 support  - MA50 and MA5 remains resistance - Likely to stay within range between 240 and 260 until CPI clarity - A hot CPI will likely see 220 down to 209 and then 190 My watch/play - Sold puts (look to close higher strikes in any run early week) - Will sell lower strike puts to capture the pre-CPI volatility  Good luck, all! @macroB  @CaptainTiger  @Deposit  
avatarAsphen
2023-09-24

Apple defines the S&P500 and both are showing similar signs indeed; Possible up to test resistance and then fall to another low!

Recent key movements - MA5 crossed below MA20 on 3 Aug, tested lower BB and crossed above MA20 29 Aug, tested the upper BB. Back down below MA20 but not tested BB yet.  - Bullish buys around Fib 38.2 level at 178 and also triangle support at 175 Possible Bearish movement (more likely) - Reading a buy push to MA20 (180) before rejecting down to the lower BB and MA20 at 165 (MA200 purple and also Fib level) - More likely movement in conjunction with S&P500 setup with possible bearish move below 430 Possible Bullish Movement (less likely) - Break MA20 (180) and then test triangle and break MA50 at about 184/185, rejecting at upper BB at 190 My plays - Still on manual strangles with sold puts 140 and 145 - If breaks above or testing MA20, might consider selling calls for upper strangl
Apple defines the S&P500 and both are showing similar signs indeed; Possible up to test resistance and then fall to another low!
avatarAsphen
2024-04-21

Will GOOG continue to 163 or struggle below 155 down to 137?

Price action (20 Apr 2024) - Price action at key level 155 ==> Also where MA5 is touching MA20 now - If MA5 cross below MA20, then is bearish - A cross below MA20 would mean 163 no longer in play and a break below 155 - Look for a back test of 155 on the way up  - Any failures will mean continued bearishness to 137 - Note the earnings on 25 Apr 2024 ==> a negative reaction will certainly mean 137 coming up! My plays - Been nibbling GOOG shares since months back - Cost base 130 - Sold puts strike 143 and 135 Good luck, all!! GOOG Daily - 20 Apr 2024 @melson  @TigerStars  @macroB  
Will GOOG continue to 163 or struggle below 155 down to 137?
avatarAsphen
2024-02-04

Strong response off 180 from AAPL as expected (Fib 61.8)

Price action (4 Feb 2024) - Fib 61.8 pullback 180 was a strong bounce - Could it be a big dead cat bounce to form the right shoulder for Head and Shoulder and then break down below 180 to 165 (range play) - As they say, it is only a confirmed pattern until the neckline break, so for now, the recovery seems on. Got to see how AAPL moves next week.  - A 180 hold and breakout is still quite bullish My plays - Selling puts still for now AAPL Daily - 4 Feb 2024 @melson  @CaptainTiger  @TigerStars  @macroB  
Strong response off 180 from AAPL as expected (Fib 61.8)
avatarAsphen
2024-02-18

TSLA - Macro / Micro View in Charts

TSLA Analysis - 1 of 2 View (macro view) Update 18 Feb 2024 - Fib 61.8 is at 177 which was the low of the most recent support coming in - We are still in a downtrend channel and starting to build strength from the 177 Fib bounce - The top side of the channel is "alas" back at 255 again (previous sharing of key resistance levels) TSLA - Macro View - 18 Feb 2024 TSLA Analysis - 2 of 2 View (micro view) Update 18 Feb 2024 - Previously shared the formation of the "island" with the gap down from earnings (181 to 193) - Whether island reversal happens or not depends on strength of the counter - Have been in the island range for awhile and last week saw the initial break out of the range to fill the gap - Reached 50% gap fill and also VWAP at 200! ==> as shared many times, 50% gap fill is usua
TSLA - Macro / Micro View in Charts
avatarAsphen
2024-04-21

AAPL breakdown below key level 169; Bounce then 155?

Price action (20 Apr 2024) - MA5 yellow below MA20 green ==> bearish - All MA lines are pointing downwards - Breakdown below 169 (key support) last week signal bearish - A bounce could still happen with resistance backtest at 169 - A failure of test of 169 would certainly bring 156 or 155 into the target My plays - Been nibbling small amounts - Had been selling puts (Strike 165 but closed last week safe) - Had been reselling puts strike 145 (next key level support) Good luck, all! AAPL Daily - 20 Apr 2024 @melson  @TigerStars  @macroB  @CaptainTiger  
AAPL breakdown below key level 169; Bounce then 155?
avatarAsphen
2024-08-11

Opportunity for MSFT

Trending - Monthly shows a key higher low possibility at 340 - Fib retracement extreme bearishnesss of 1.618 also points to 340 - Near term Fib 38.2 points to 370 and 61.8 points 310 and Fib 50 points to 340 - Love the accumulation possibility between 370 down to 340 and then 310 if it goes that low JCT impact  - Above thesis coincides with a potential cool CPI coming week leading to even greater pressure for 18 Sept rate cuts leading to Japan Carry Trade unwinding.  Being as patient as I can be. My golden opportunity to load up on MSFT. Been a long time wait.  Good luck, all. MSFT Monthly - 11 Aug 2024 @macroB  @Deposit  
Opportunity for MSFT

Go to Tiger App to see more news