$ZI very clustered chart at first look but plenty of significant technical build up in this name -double bottom basing chart with RS since feb -2 weeks price coiling between both VWAPs IPO and ATH -price action rejection at 200MA on 3 period since jan all points to $61 breakout
$CAR displaying volatility contraction since Q3 ER. have a very defined 4-months DTL with flattening RS and KMAs since late January. today $CAR is on track for its 5th up days in a row, remaining above all its KMA to rising 10/20 MAs since breaking out of the DTL last week.
$CARG bouncing off its VWAP from Q3 ER to rising 10&20MA. it underwent 6 consecutive days of low volume retracement after rallying +43.96% post Q4 ER to fantastic YoY growth numbers (EPS +34%, Sales +124%) the last significant VWAP to reclaim is from Q4 ER at $43.05
$NI traded through the week without closing below Monday's low (daily average $ volume of $100mil), displaying resilience to the general market weakness. Currently a bullish flag formation, sitting on confluence of VWAP (from previous low) and 10/20 MA. 23/2 ER
$SLB pennant consolidation within its high tight flag formation is still in making. on monthly, it has just barely traded beyond its breakout level of the inverse h&s pattern. textbook measured move is $53, another +37% away. ER Q4''21 (YoY)EPS 0.41 (+86%)Sales 6.22b (+13%)
$RYAN 6mth old insurance name IPO. based off (-12%) the January market weakness and looking to reclaim its ATH close of $40.36. RS is at ATH. trading above all critical VWAPs, MAs. a trading idea to take on BO for further trending action.
$NEWR very constructive coiling pattern, and obeying between ATH VWAP resistance and pre-ER trough VWAP. wouldn't take a trade now as ER Post-M later where price action are binary event, a gamble. if first bar trades to the upside of triangle tml, it is trend resumption BO. WL
$LLNW flagging the 2nd time after its recent ER. YoY Q4'21: EPS +167% Sales +14% past year price action is reflecting RS against its sector $XLK. sitting on VWAP support at $4.00 & all major MAs. beautiful 1 year base pattern.
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
$PTEN is a onshore drilling contractor for o&g operators in US and CA. RS as it traded to one month high, higher lows since dec'21 with rising in all MAs of various timeframe. cup and 2 years cup and handle pattern. we have a good 2 weeks to Q4 earnings for some risk cushion.
$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. $50.80 to nimble some test position above 50MA
The earnings season enters one of its busiest phases this week with tech giants Microsoft ($MSFT), Apple ($AAPL) and Tesla ($TSLA) are due to report. Investors will be seeking reassurance from earnings result after last week’s selloff, but market volatility looks set to continue for now. Fed Chair Jerome Powell is expected to signal that the central bank is on...
$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.
$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
$DNAY episodic move on 29th dec (+39%) upon announcement of partnership with $PFE to advance its DNA platform. it has since broke out of its 6 months downtrend channel, trading above all its major MAs. continues to ride above its 10MA since 2022. flagging for another pump
$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%