$LOW $260 bounce (Bounce off 260 for calls) Technical analysis: Bull flag breakout on the hourly chart News catalyst: "Lowe's holds a Financial Outlook event. The home improvement retailer is expected to focus some of its commentary on operating margin opportunities. Expect some analysis following the event on whether or not Lowe's can close the margin gap...
$RTY $IWM 1D We stayed patient and got the exact pullback we were looking for. Now, we must hold $2170-2200. If we do, targeting wave 3 high of $2365 immediately.
$ROKU 1D I think we may have seen or atleast close to THE bottom. Watch for $211-220 region hold support for the next leg up. As long as we hold, we may see $300+ sooner than you think.
$PYPL 1D Bit of uncertainty here and unsure if THE bottom is in yet. Short/mid term I expect price to hover around $180-225 before a potential final leg down towards low $160s. Will update this name when it becomes clearer.
$NIO 1D Still looking for another leg down before I'm interested in this name again. Eyeing the $24-26 region as first line of support and will go from there. I personally hold some equity for long-term and not bothered buy this pullback. I advise DCA strat.
$MU 1D Although holding up fairly well still, my bias is telling me we still may see a wave 2 down before the next impulse. Looking at the $70-77 region for a great dip buy. Staying patient on this name.
$LCID 1D Last week, we saw Lucid sell off on senior notes offering news. Bouncing off the GP, we may see potential bottom here. Wait for smaller degree wave 1-2 form first (green path) for some better confirmation. Also included a fractal path to note labelled in blue...
$GOOGL 1D Looking for a small pullback into the $2842-2893 region for a potential dip buy before an impulse higher. Keep on close watch.
$AMZN 1D Sleeping giant still in overall multi-month consolidation. Want to see a strong move out of this potential support. "Now-or-Never" scenario.
$AMD 4H We must hold the $136-137 area, otherwise further correction will be needed. Really want to see an explosive move out of this zone early in the week to support this bottoming thesis.
$AAPL 1W Huge weekly breakout on the chart as well as the oscillator, confirming uptrend. Been holding calls since the $162 break and plan to take profits early in the week between $179-182. Expecting some chop/cool down soon. Big congrats if you've been following this with me.
Apple is trading at overbought territory but it does not look like it’ll fall much. It has the most bullish chart of them all. It’ll take alot to make this fall. You’ll see it trade in a small range to consolidate. Puts could work at these prices but remember to switch back to long near $167.50-170. $AAPL Like and follow for more
Probably the biggest change in charts this week. I kept saying under $37 and my view would be invalidated. Here's the next probable situation to play out in my opinion. Nio < $20 for a long term hold is not bad.
Momentum curling over which is what we want to see. Looking for W2 for a MAJOR buying opp. Stay patient friends.
Geee... this looks awfully similar to *cough* $TSLA before the parabolic move. Sitting on TL support. I have provided a fractal (path in blue) using Tesla's historical data. Enjoy. Target: $1000+ Invalidation: $600
Looks like wave C is potentially in here in my proposed ABCDE. If we break below B, I will shift my count to an ABC correction with A=C. Looks very similar to $TSLA.
Looks like a double 1-2 nest. Seems like selling pressure calming down a bit here compared to it's friends. Name of the game this week is waiting for wave 1-2s to form for some more insight/confirmation.
Ugly drawdown with rest of market last week. $7 needs to hold for me to like this count, although $6.69 is the lower fib. This week will be telling.