SPCE showing signs of a possible reversal. Gathering/consolidating support along a previous significant resistance level. Volume has typically tapered lower during downtrend which we currently see. High risk play entering right now, I'd like to see more confirmation first before entering (RSI divergence along lows or break of pinbar printed on 11/30. Heavy eyes...
SBUX has done well holding support at the 8 EMA consistently since mid November. Lower trend line still intact, price appears to be compressed into the apex of the triangle. Love the volume spikes with the spinning top on Friday. This is a tug o' war with buyers and sellers. Odds are in buyers favor due to uptrend. Options market leans to the call side as...
Tesla was heading towards the lower bound range of this channel on Friday, then snapped back up in final trading hours. I am going to look for an entry point around the $635-$655 range and buy the 740 calls in mid January.
We can see that CRM is in a good buying area as it broke under the trend lines but still stayed on the positive side of the 208 to 229 level. My levels show over 229.11 has 237.11, will then follow trend line over 248.24 levels and can push towards 260.70. I like this long, currently entered in 1/8 230c @3.60. NYSE:CRM
18.20 WAS EXACTLY THE POINT THE STOCK REBOUNDED THE LAST TIME IT COLLAPSED , hence a strong support at the 18 line I am betting it is the same story again Not an investment advise
Salesforce took a pretty big hit after announcing the WORK (slack) buyout. It's clear the price has stabilized and is looking to climb again. My favourite ETF, ARKK has also purchased a bunch of CRM at this bargain price. I'm looking to takes calls or buy shares when the price closes above the 229.6 region, which seems to be where the accumulation wall is. I'm...
It should be noted that ARKK purchased 135,000 PTON today. Looking at the chart, it looks primed for a small breakout upside. With more lockdowns being enacted we could see the 122 area, which is historical support/resistance. I plan on taking calls or buying shares above 117, selling just shy of 122.
Danaher corporation NYSE:DHR is looking like it wants to break out but it has been caught between the 8 and 21 EMA for about 5 days. We know that price does not stay in a consolidated area forever, but can take its sweet time before it decides to move. Currently, the price for DHR is $225 per share, which is between the upper and lower Bollinger bands. The...
I've noticed FDX has been accumulating towards 297. I plan on taking some calls if it shows a willingness to close above the 297. This hopefully aligns with the holiday season and increased lockdowns. My target would be approximately 309
HD is now at very strong support. I'll be watching it for a reversal for calls or a break of support for puts.
Electronic Arts NASDAQ:EA is showing a potential bullish turn. As shown in the chart above, the downward trend line with multiple touches have been broken with enough momentum for the moving averages to crossover. The stock may pull back to the moving average in the short term providing a bullish opportunity to go long.
TMO has broken through the 8, 13, and 21 daily exponential moving averages in the past few trading sessions. As a leader in laboratory diagnostics and life science sales distribution, it would seem reasonable that the stock may try to push higher as the coronavirus cases continue to grow. Now that the stock has pushed passed the 21 day EMA, there are no...
50 day providing support after step drop on earnings. 5 year down trend attempting to reverse and break through 200 day creating future 50 day crossover of 200 day. I welcome all comments on technicals that may be misrepresented, but middle of the road RSI showing support for a steady run in to Feb with potential for better than expected earnings. Target $19...
Pool Corp is giving off a bullish pivot signal today as it closed within the Keltner Channel bands. As price action crosses into the Keltner Channel, we'll watch to see if it continues moving across. In this case, the lower Keltner channel was crossed and therefore, could indicate some bullish days ahead. There will be some resistance ahead as POOL will need to...
Fundamental analysis indicates DKS will continue to perform well under COVID restrictions. In light of vaccine news, DKS has poised itself well with new stores and additional workers to capitalize on increased brick & mortar foot traffic. Sentimental analysis sets the stage for a strong rebound (earnings , new product line , positive post-COVID performance ...
LULU is getting closer and closer to a potential breakout upwards. It's at the bottom of the bottom arm of the triangle, so I would expect a small bounce then into a little bit more consolidation. Then it should break upwards for a solid more.
Last few weeks the price was going outside of the strong channel now it's coming up again. I expect the price will return to this trend channel.