Is Powl a buy if it drops to 300, or should we wait for a lower entry point than that?

Josepi said:

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Is Powl a buy if it drops to 300, or should we wait for a lower entry point than that?

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I'm newer to this, but it looks like a short time frame head and shoulders in the last few weeks with the waist in the low $290's

fauxstradamus said:

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Josepi said:

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Is Powl a buy if it drops to 300, or should we wait for a lower entry point than that?

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I'm newer to this, but it looks like a short time frame head and shoulders in the last few weeks with the waist in the low $290's

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Seems you need an anatomy lesson. Neck, not waist.

It just closed the gap from Nov. 5/6 - I'd wait and see how it responds to that.

If POWL breaks $285 she might be headed to $260-$270 range.

Next two levels down I got are $281 and then that $248 which was pretty damn strong support. Don't know if there's enough reward up here to take a position before earnings

Is ProgN jumping back in on POWL?

With RSI and MACD tightening at the top this just looks like it's running out of steam.

SW AG80 said:

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fauxstradamus said:

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FishrCoAg said:

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fauxstradamus said:

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Josepi said:

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Is Powl a buy if it drops to 300, or should we wait for a lower entry point than that?

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I'm newer to this, but it looks like a short time frame head and shoulders in the last few weeks with the waist in the low $290's

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Seems you need an anatomy lesson. Neck, not waist.

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Haha. Would you be scared if I told you I am a doctor. Still learning these terms on technicals, but yeah that was pretty effn obvious

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Well some older men wear their pants so high sometimes it is hard to differentiate between the waist and the neck.

Just trying to help you out, Doc.

And Fisher County's patients do not have waists, generally speaking.

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I am acutely aware of this. I've got a deer lease out there in McCauley

Ah, a country boy!!

PLTR - If yall remember, I was convinced a top was in earlier this year. I had a public tradingview idea showing the blueprint for it hitting that top and it came to fruition. It was a complete structure. I even made some good money on puts. Here's a link to a post from earlier in the year showing how I previously had it charted. Stock Markets - Page 6510 | TexAgs. But then it never sold down beyond the initial surge. Not significantly enough to be considered bottomed and starting a larger structure. This led to confusion on my end, and I've stayed out of it thinking the top is merely extending. Kudos to those who stayed in. Part of being a great trader is being able to identify the point you are wrong and pivot. I failed at that.

Well, I'm going to post a blueprint for what might be happening. And it makes a lot of sense given the relationship between the moves and the continued strength. Essentially, this is showing it in a longer-term diagonal off the all-time low. Each wave of a diagonal commences in a choppy overlapping structure before exploding up in an impulsive move that gets sold back to support. I'm NOT saying this is definitely what's happening. But if a large drop commences soon, it's something to keep an eye on. Above $75 before a meaningful break of support would invalidate this. My hope is that if this DOES happen, you will know where your support is and where to buy the dip for a potentially massive move upcoming.

Have next level of support down at 5,916 for /ES and $585 for SPY.

It's really trying to hold onto this $594 level first though

I still believe in beer candles as the best way to identify strong trends and when they might weaken. Here's another way, using PLTR as an example. Learn to spot the rounding of the moves. It's a clear sign that trend is exhausting. When the bottom curve starts to turn down, that's a sign that the uptrend might be ending.

Chef Elko said:

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Inflation isn't going to 2% outside of a financial crash, Powell

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I agree, and cannot for the life of me figure out why Powell boxed himself in so tightly with the 2% target. I am generally hawkish on inflation, but even I would have used something like a 2-3% range, implicitly setting an average target of 2.5%. I agree that a sustainable 2% is unlikely (even considering we had that result for the past pre-COVID decade or so). The 2010s were likely an anomaly, and I think Powell outsmarted himself by setting such a rigid target.

what if the company is just so damn badass that it doesn't GAF about conforming to technical chart trends?

Fore real, just say "2% range" instead. If you get into the 2% range then say you will continue to work closer to 2% flat.

Just looking at the 10 year it's so obvious

TSLZ, going to sell out if it hits $5.35. I think this TSLA correction last longer and likely down to between $275 and $290, but I expect a bounce either tomorrow or Monday.

EliteZags said:

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what if the company is just so damn badass that it doesn't GAF about conforming to technical chart trends?

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Then it will go up forever and there is no risk of losing

Is this good?

welp now looks like they'll be joining QQQ soon as well.. pumping AH

EliteZags said:

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welp now looks like they'll be joining QQQ soon as well..

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I do have a more aggressive path I'm watching as well, but it would need to continue accelerating and never see below $50 again. Certainly possible.

It's pretty remarkable how powerful Powel has become at setting expectations and convincing the market that the Feds response has been perfect at every turn. The hiking was perfectly aligned with the underlying data and now the cutting is also in perfect sync.

aggies4life said:

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JUST IN : PALANTIR SAYS ITS SWITCHING ITS STOCK LISTING TO THE NASDAQ FROM THE NYSE

THIS WILL LET PALANTIR JOIN INDEXES LIKE THE NASDAQ 100$PLTR

— GURGAVIN (@gurgavin) November 14, 2024

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Stock is up $2/share after hours.

Could tomorrow be interesting?

Looks like they added several tickers on ToS to allow 24 hour trading

Heineken-Ashi said:

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EliteZags said:

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welp now looks like they'll be joining QQQ soon as well..

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I do have a more aggressive path I'm watching as well, but it would need to continue accelerating and never see below $50 again. Certainly possible.

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Ha! This would be amazing

fauxstradamus said:

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SW AG80 said:

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fauxstradamus said:

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FishrCoAg said:

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fauxstradamus said:

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Josepi said:

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Is Powl a buy if it drops to 300, or should we wait for a lower entry point than that?

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I'm newer to this, but it looks like a short time frame head and shoulders in the last few weeks with the waist in the low $290's

---

Seems you need an anatomy lesson. Neck, not waist.

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Haha. Would you be scared if I told you I am a doctor. Still learning these terms on technicals, but yeah that was pretty effn obvious

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Well some older men wear their pants so high sometimes it is hard to differentiate between the waist and the neck.

Just trying to help you out, Doc.

And Fisher County's patients do not have waists, generally speaking.

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I am acutely aware of this. I've got a deer lease out there in McCauley

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Give me a shout next time you're out !

Yall know I love fractals.

Nasdaq futures look almost exactly the same July through today as they did July 2015 through Feb 2016. Probably not relevant. Just found it interesting.

Is spy somehow pumps up around $592-$593 this morning, I'll be taking December $590 puts. Targeting $585

PLTR freaking rocketship