Jerkin it with Gherkinit S1 E6 Live Charting for 5/17/21
Good Morning Superstonk!
Another Day of me mashing crayons is definitely in the cards. Lots of good signals going into today check out the weekly DD.
After the things that happened this weekend I'm so glad to have all of you here. I understand that technical analysis isn't for everyone. But I am happy that I can continue to teach it to the apes that are interested and want to learn. I might joke around, but remember this isn't some fortune telling device it is designed to find trading opportunities in price trends and patterns. It should be used with, not in lieu of, fundamental analysis.
I think this warning remains valid this week so I will reiterate it *
As price action picks up today, I may walk away from the reddit post while managing positions, if this is the case you can find me on the stream and discord for a while longer at the links below.
If you want to watch along with the daily livestream https://www.youtube.com/c/PickleFinancial
Or listen along with our live audio feed on Discord
(save these links in case reddit goes down)
Historical Resistance/Support:
116.5, 125.5, 132.5, 141, 145, 147.5, 150, 152.5, 157, 158.5, 162.5, 163, 165.5, 172, 174, 176.5, 179, 180.5, 182, 183.5, 184.5, 186, 187.5, 190.5, 192, 195, 196.5, 197.5, 200, 209, 211.5, 214.5, 218, 226, 230, 234, 243, 250, 253, 256
This Post will read from top to bottom, any images over 20 will be deleted as the day progresses.
Questions are always welcome I will reply down in the comments as often as I can
After Market Wrap
Stats! Closed at $180.50 with just the very tip of our hand in the MAYO jar. MACD crossed over beautifully. We broke very nicely to the upside of the Bull Flag. Looking bullish heading into tomorrow. Thank all for the support and love and see you in the morning.
-Gherkinit
Edit 10 3:15
Looks like we are consolidating after that test at 180 and we are going to test again before eod
Edit 9 2:36
Cleared the 170 resistance but looks like we are consolidating before we move more volume coming here will mean a test at 180
Edit 8 1:20
testing VWAP if we fail we could see a dip 50k shares just borrowed
Edit 7 1:12
ascending channel broke down at 175~ might bounce back on 170 if we see some volume today we might see a test of 180
Edit 6 12:30
Trending up past 170 again the volume has died off for lunchtime it looks like
Edit 5 11:35
Failed the test at 170 but since we turned around before VWAP this could be the beginning of an ascending channel
Edit 4 11:03
Chop on VWAP as volume falls off
Edit 3 10:21
Failed the test at 180 looks like we might turn around on VWAP RSI was overbought so it may need to consolidate.
Edit 2 10:07
Running hard I need to step away to manage options right now I'll be back if it cools off price at 170 approaching 10M in volume
Edit 1 9:48
Failed our first test of 162.50. Looks like we are gonna at least retest VWAP if the VWAP test fails expect a drop. Volume at 410k
Pre-Market Analysis
Pre-Edit 2:
Volume at 31.4k, 157k shares to borrow between iborrow and Fidelity
Pre-Edit 1:
Looks like we gapped up and filled in the early hours price action should be pretty stable on open
CV-VWAP looks pretty stable
TTM Squeeze showing 12 fire signals
*This is not Financial advice. The ideas and opinions expressed here are for educational and entertainment purposes only.
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Posted May 17, 2021, 12:29 PM UTC · edited