The Amateur Investor Journal

Investment journal focused on technical analysis & price action. Amateur investor learning in public. One chart a day. Not financial advice.

[The Amateur Investor Journal @AInvestJournal]

Starting this account as my personal investment journal.

The goal is to stay accountable in my decisions, make more thoughtful long-term investments, and learn a skill I can eventually pass on to my children. This is part of my learning process. I’ll make mistakes along the way.

[The Amateur Investor Journal @AInvestJournal]

$CRM still in a downtrend but volume is picking up and monthly RSI is hovering just above 30. I won’t jump in here now, I’ll look for the break and retest first. The weekly 50 MA is also running aligned with the resistance trendline, I’ll watch how price reacts to those.

[The Amateur Investor Journal @AInvestJournal]

$RR recently rejected off the 50 weekly MA. As long as price holds above $1.75 there will be a squeeze between the resistance and support trendlines. That could be the catalyst to test $5 once again. Longterm this is setup to go to $12.5. I started a small position here at $2.7.

[The Amateur Investor Journal @AInvestJournal]

I don’t have a position but with all of these tickers that have moved significantly over the last few months, I’d rather look for a market stabilizing pullback rather than chase for my entry.

[The Amateur Investor Journal @AInvestJournal]

$LITE hit the 10 extension fib here and has slowed downs the downtrend broke but price is in a consolidation zone here with support from the 50 daily MA. The weekly RSI is diverging from price movement. At some point there will be a larger pullback but to what extent is TBD. NFA.

[The Amateur Investor Journal @AInvestJournal]

$FSLY is back between $12.50-$25. With a standard retracement already complete and a MA cross price needs to break the downtrend next. Obvious bull sign would be to find support on the 50 weekly MA and $12.5 key level. No position for me here.

[The Amateur Investor Journal @AInvestJournal]

$PRU is still matching along towards the 1.618 fib at $130. Either soon or after hitting that target I’d expect another pullback to the support trendline. A bigger correction ad we could see the monthly 200 MA in play.

[The Amateur Investor Journal @AInvestJournal]

$BLSH broke the downtrend fall post IPO, hit resistance at one key level, then looked like it might hold support on another but that fell through. The bull case here wants to hold above $25 and form a higher low, prob also aligns with a sub 30 weekly RSI. No position for me here.

[The Amateur Investor Journal @AInvestJournal]

$PL just hit the 10 fib level and pulled back ~20%. Given the current market this can still run and the upward trend is still intact. I won’t be chasing right now but if there is a healthier correction back to the MAs I’ll be watching.

[The Amateur Investor Journal @AInvestJournal]

$PSKY formed a higher low and held above $10. The 1.618 fib is aligned with the next bit of expected resistance at $14. A retest of $10 can also be expected and price could always break lower. No position for me here. NFA.

[The Amateur Investor Journal @AInvestJournal]

$ALAB is running to the 1.618 fib and $400 right now. I expect it to get there before a pullback. The weekly RSI is over 80 and will probably push to 90 to reach the target. The last two times it was oversold like that there were significant retracements. Maybe to the 50 MA next?

[The Amateur Investor Journal @AInvestJournal]

$GRRR broke out of the downtrend and is on pace to test next bit of resistance at the newly minted 200 weekly MA at $25. That would align well with a pullback back to the 50 MA or $16.5 key level. Chart is looking good here.

[The Amateur Investor Journal @AInvestJournal]

$AAPL is now trading above the long monthly channel and steadily approaching the 1.618 fib from the tariff correction. I closed my position earlier this year at $280 when I expected resistance from the top of the channel. I’ll wait for a better entry before jumping back in.

[The Amateur Investor Journal @AInvestJournal]

$GD hit the 1.618 extension fib from the COVID retracement. I’m looking to see if there is a larger correction here back to the $200-$225 price range. As long as the monthly 50 MA holds as support price can still push higher.

[The Amateur Investor Journal @AInvestJournal]

$USAR broke the downtrend, retested it with a standard retracement and is on its way to ATHs. Next time price dips below the weekly 50 MA is a great buy but right now is still a good starter position for a longterm hold. I don’t have a position here yet. Not financial advice.

[The Amateur Investor Journal @AInvestJournal]

$AVAV bounced off the weekly 200 MA. The last time it did that it ran +300%. RSI is also following the same pattern as last time. Next resistance is at $230 and the weekly 50 MA. Once those gets flipped to support, ATHs will be next. There could still be weakness back to $120.

[The Amateur Investor Journal @AInvestJournal]

No position for me but this is one I am currently watching to see which way price breaks over the coming months.

[The Amateur Investor Journal @AInvestJournal]

$SFIX has been in a large consolidation within the $2.5-$6 range for over 3 years now. Currently the monthly 50 MA is rejecting and squeezing price back to the lower part of this range. Price needs to hold above $2.5 and flip the MA to support to begin a larger move.

[The Amateur Investor Journal @AInvestJournal]

A high volume weekly candle has been the near term top signal in the past so for now price can still continue moving closer to the 1.618 fib level at $580. The flip side is a larger market correction pushing price down to retest $300 or even $250.

[The Amateur Investor Journal @AInvestJournal]

$AVGO is holding above $400 but consolidating the last few weeks. Weekly RSI is above 70 and the last few times that happened there has been a sort of pullback. I’d expect the consolidation to continue until the weekly 50 MA catches up and acts as support.

[The Amateur Investor Journal @AInvestJournal]

$NRG has bounced from $120 and is holding the support trendline for now. Last time it dipped below this it ran 2X. It’d expect a test back at $140 and it that fails I’m looking at the golden zone and 200 weekly MA between $90-$100. No position here. Not financial advice.