Shopify is coming into an important close this week. A close below the upper weekly bollinger band 1 std would signal a deeper sell off is likely. All previous closes below that upper band have led to a correction to at least the mid BB, which is currently 70.70 (moving up). This could be a key indicator in telling if Shopify has already bottomed.
Above horizontal supports = Bullish Below horizontal supports = Bearish It's that simple
Nvda likes that 200 week moving average, i wouldn't be buying when it's trading this far away from it. Look for these two to meet in the future (no it won't be tomorrow...)
I'm looking for the green levels to add, i really like the area in the mid 140s if it hits.
I am starting a DCA on hims, i will be adding as each support level hits (green horizontal). I think this is a good healthcare stocks with growth. The red horizontal is major resistance, once that breaks on a weekly close i will add as well.
If 165 holds then i would think tsla has a bounce to at least 210 in store. If 165 breaks i see 113 being tested.
i'm looking for levels to play out, if daily candle close over red then no good...
Do i like apple, not really... but it's hard to be very bearish when magic beans are 60k+. I would expect apple to bounce soon from one of these green support levels.
First idea was a banger, i like Hood a lot, i will like it a lot more when it test sport at the $15 level (green horizontal). This is timing up nicely with TD sequential as well.
LULU is getting very close to an attractive buy point. I actually like it right here and now... it's close enough to start building a position. I especially like it at the two green support levels, which line up well with the 200 week (an area i love to buy quality name brand stocks).
Snow looks like it's found a short term bottom, i'd be long shares here with a stop at 151.50. Below that i could see $140 in play. To the upside we could see $190. I don't believe this will be a quick rally and likely it will choppy, so i would avoid short term options.
Levels clearly stated, above green we go to 22, below down to 15
Hood needs to close the week above 12.95 to make a new swing high, if this fails then i believe the swing low will need to be tested at 10.65. Above 12.95 things start to get exciting, as i don't see 13.58 acting as much resistance.
SMCI is really really really extended... Maybe this is the spot it takes a breather?
Everyone wants to pile in the news of Nancy P buying calls, but why not let things settle down first? I'd feel a lot better buying around the green then buying now at resistance.
Everyone is looking for a dip in PLTR after the monster run. Look for the green horizontals to add, at least $23.50 should be tested. Whether that is before or after hitting $26, who knows. I'd just keep adding, this is going to be a blue chip tech stock of the future.
If you fail to make a swing high, be ready to test the swing lows.
Snow is resting against big resistance on weekly and monthly time frames going into earnings. I see it as a riskier bet to the long side here. Support is around the $200 level. Good Luck!