$EXPR microcap name in Apparel Retail industry group. strong weekly action (+45%) since basing out of dec'21 consolidation. a bullish flag pennant trading on rising 10/20 MA & AVWAP high from Q2 ER. currently, just below its 200MA, coinciding as a pivot for inverse h&s breakout
$SPX breached its 200-day moving average, as $SPX upward momentum faltered with a -1.90% plunge on Friday after National Security Advisor Jake Sullivan acknowledged there was a “distinct possibility” that Russia could invade Ukraine before the end of the Olympics. $SPX ended the market week with a loss of -1.82%. $SPX remains resisted by a Downtrend Line...
$RHI a 2021 market darling until the last week of November, where it undercut its 50MA for the rest of the year. currently established a higher low with cup and handle pattern. weekly chart, it capture back its 10MA for the first time in 7 weeks. actionable trade for today
Jeff Sun @jeffsuntrading · 29m $BTCUSD has a 0.87 positive coefficient to $SPX from 2 yrs ago (Feb 2020) on technical perspective, the biggest risk of a another washout in the stock market may come from a bear flag breakdown, with major double top follow through from #Bitcoin #bitcoin needs a relief rally
Utilities name are usually not a go-to for swing traders as there is tendency of choppy price action around its MA, and low ATR% $EXC however, behaves superbly as an utility stock with history of trading consecutive up days on several occasion in 2021 alone. ATH currently
$GLNG falls under O&G industry group but what caught my eye is purely technical. currently basing a 2yrs chart pattern (ascending triangle), a potential trend reversal setup in play. attempted to trade out of 2018 high VWAP at $14.45. actionable trade at $14.60. pretty liquid
$BROS is now looking interesting to me with its volatility contraction since Nov'21. +17.6% over the last 2 days but this may just be the beginning as it just broke above its DTL. $55.50 would trigger a base breakout. $50.80 to nimble some test position above 50MA
$CF finished the last two days with +250% volume over its 50d avg over the past two session (exceeding over $450mil on each day!) remains within a 4 months trend channel. closing price is just beneath AVWAP from ATH. one of the few names trading above 10 and 200MA specifically.
$UTZ one of the few names in my WL that could hold its 50MA. base with inverse head and shoulder pattern. decent fundamentals but key for me now is price action of name that could hold a market sell down.
$BABA is caught in a 15-month downtrend channel but there could be short term upside opportunity ahead. trading above Q2 earnings VWAP & 10/20MA. also attempted to re-capture its 50MA, with MA convergences taking place. price action behavior is very similar to oct'21 period.
$FXLV still a position that i have yet to trim and size out. it is currently in a cluster of supports (rising 10/20MA, VWAP from high, and classical resistance turned support level). looking to add this further at $12.65. new IPO stocks (<1yr) tends to dictate its own movement
$UCTT supported on its ATH VWAP support with a cup and handle pattern. Friday's high volume ($50mil dollar vol vs $20mil avg dollar vol) strong close at +7.6%, exceeds its ATR of 4.74%. fundamentally strong company. what I dislike is that it doesn't trend cleanly on its 50MA
$GXO exhibited RS for the whole of this week. HVC out of its wedge pattern but still below ATH VWAP. would be wise to take a position only above 50MA since it is just barely $2.50 away. it gives more affirmation to the momentum that it may be building up
$CROX suffered at -36% decline from its peak in 2 months, deflating its rising 10/20MA but leaving the 50 and 200MA intact. interesting to see $CROX supported by its Q2 post earnings pocket pivot at $120 with 2 hammer bar this year. pretty for a mean reversion setup
$QCOM upon its Q3 earnings gap up, it remains relatively resilient to market weaknesses since december. also flagging in weekly chart. yesterday's closed have $QCOM trading beyond all significant VWAP, above 10/10/50 MA. $188.15 is the ideal level for a tight entry to size up
$SNOW setup for a mean reversion swing on its hammer candlestick pattern, sitting on its rising 200MA. a reversal from this juncture would paint out a cup and handle pattern on its weekly YoY Q3 EPS +113% Q3 Sales +110%
$DOV very resilient to market weakness, after breaking out of its cup and handle pattern. you wouldn't find many large cap name like this still sitting above its 10MA right now. Up/Down Volume Ratio 140%
$SRTS cleared a one year base cleanly with a high tight flag consolidation right now. breakout level at $8.55 will be 52 weeks high. YoY Q3 EPS + 110% Q3 Sales + 241%