Watchlist 2023-05-23 $ZIM $MU $TSM $SOUN $GOOS $NAT
SPY
opening lower today, teetering on the key 417.50 support that was originally a key resistance level of the wedge pattern. 417.50 has been tested multiple times over the prior two days, if we swipe underneath today and hold, that will be a key indicator of today's potential bearing action. Keep in mind this could all be invalidated if debt ceiling talks come up successful., as they have been restricting gains in equity markets for weeks now. For further confirmation of a trend day, watch for:
ADD pinned near +\-2000
VOLD ratio over +/- 3
TICK cumulating past 0 wicking to +/-900
ZIM
- Day 2 continuation short. Wide range day PD down 16%. Good signs of continuation are finishing at the lows, gapping below the 16.30 range, gapping lower in the PM, while also setting up a clear level at 14.50 to risk off of. IPO support is 11.50, nothing In between. Chips: potentially setting up a nice area to start thinking about buying after a nice pullback across the board.
TSM
- long over 92.40 
MU
- long over 67.00 
GOOS
- still has not closed higher after an awful selloff after earnings 3 days prior. Yet, if goos can start making higher highs and higher lows intraday, a strong uptrend could start some major buying. Looking for the first 5 min close over 17.30 to start looking for longs. Support 16.70
Resistance 17.30
Inflection 17.00
SOUN
- getting interesting over the 3.25 cup and handle resistance level, especially as AI continues to be strong. Looking for dip buys near the 3.00 key support also the 200 EMA level. 
NAT
- Nordic American Tankers (NAT) Tops Q1 Earnings and Revenue Estimates. Day two continuation over 4.10. RVOL in M is 2.5 and it's trading over the key range of 3.90. Comment what you are watching!
Adding