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Volumeshelf

Breakout on the MMC chart?NYSE:MMC Yesterday the price closed above resistance, making a new ATH. What are your expectations for MMC? Please leave a comment. This is what I see on the chart, please correct me if I am wrong. - We have a purple square as support, because MMC opened higher there is a small gap. - I see a Cup and Handle pattern that started on 30-12-21. Cup (30-12-21/7-4-22) Handle (8-4-22/19-4-22) - There is a big volume shelf around $171, this could also indicate possible support. - Price closed above the highs of 8-12-21 & 28-12-21 & 8-4-22. This means a new ATH, What I expect: Maybe a small rally from here, or anyway a pullback to the old resistance level ($170.00). I hope that the former resistance level becomes a new support level (Principle of Polarity), and then the price soars to new highs. This is no financial advise.
NYSE:MMCLong
by StijndeVries
What will happen?NASDAQ:AAPL Please correct me if I made a mistake, I am just a beginner. I am only here to learn. How I interpret this chart is: - It looks like we are trading in a range, between the 50 Day SMMA and a volume shelf. - looking at the SPY in the pane below, it looked like the SPY found support. - in my opinion AAPL and the SPY move pretty synchronized, and I see that when we would rally from this support, we would complete an inverse Head and Shoulders pattern. - with the right shoulder higher than the left shoulder, thats a good sign, right? - what I think is positive, is that once breaking trough the volume shelf, it is only ≈5,66% till the ATH of $182,72. Unfortunately I think AAPL and the overall market will need a lot of power to pull this off. - the last 6 days AAPL found support on the 50 Day SMMA, that level is also protected by the ‘mid line’ of the Fibonacci Levels. I am very curious to see which way the market will choose to go…. Thank you for reading my interpretation of Apple, please leave a comment, I am very curious about your interpretation. This is no financial advice.
NASDAQ:AAPL
by StijndeVries
BUY $MVIS PT 8.45 PT2 9.5 SL 6.28Rationale Volume Shelf, Large demand in the 7 zone Coil pattern Buyout rumors Other similar lidar companies like LAZR are in an upward trajectory Peculiar -Options contracts go up to $19 for Feb, but not for March Options value & flow is above average Secondary offering back in December Thanks to the market wide pullback on friday. This $MVIS play I played earlier in the week is coming back for a second round, with the price retesting the volume shelf (again!). I'll be entering monday, assuming it doesn't gap up. This time i'm going to use a tight stop.
NASDAQ:MVISLong
by TroydTrades