I did a quick and dirty Fib retracement on FUBO using this year's low and didn't include the whole post IPO exuberance and ensuing hangover. Now even with this as the case, there are several important levels in the short term to watch. 382 Fib is likely one of them as it appears to be presenting a major pivot over the last few months as both support and...
Introduction I was inspired by CryptoKaleo's post (original post below) on the "Next Tech Bubble", where he predicted a tech bubble to take place in the coming years based on the fractals of the 1998-2002 Dot com bubble market price action. Disclaimer: This is not investment advice. This is for educational and entertainment purposes only. I am not...
...up up to the sky! The NASDAQ is pushing for new all-time highs. The resistance at 14996 is broken and the way for higher quotations is paved. We now expect further bullish action until we reach the 15600 area. To uphold the expectation the NASDAQ needs to stay above 14445. Happy Monday!
Look at THAT TOP!! The long legged Doji may as well be a Gravestone / Orphaned Baby. There's a gap just under the daily low and after a 360%+ run from the 25th of June, it's gotta pull back from a $9.98 resistance. I left the Fib overlay intact from yesterday as it snap fits like a glove. Also, just look at the ski tips on those MA's (50/200). I've been watching...
Had to take the AEHR chart all the way back out to 2017 to find some levels to plot. Took the fib retracement and look what we found: high traffic area around the 236 level. Tested it for the first time since 2017 and failed to break & hold. After pulling back, AEHR came within testing distance of the 382 level. After such a huge extension it will be interesting...
WISH simple fib retracement using recent lows revealed some levels on the chart. The 786 fib has been a relatively frequent area of traffic for the stock. Meanwhile, 618 fib line was previously a level of support the continued to get tested but didn't break until recently. With WISH testing 618 as short-term resistance last week and 786 as potential support on...
I drew the fib retracement starting from March 2020 lows and sure enough, it pinpointed a few key levels, the 786 fib line being one of them and CIDM is testing that as we speak. Depending on the volume and if this news event has some legs, CIDM could be one of the penny stocks to watch this week. A lot will likely come down to how it will close the day on...
DPLS has played out almost perfectly against the Fibonacci retracement so far. Considering that it was denied around $0.20, retraced the move back to the 786 fib line, which is also around 10/11 cents or about 0.005 shy of where DPLS got denied during the June rally is interesting. If you look at levels, around 4/5 cents in February was a resistance that couldn't...
It's been a LONG time since DPLS traded at these levels. Had to take the chart back out to 2018 to draw out these fib lines and wouldn't you know it, the 618 is a major level to keep watch of. Both May '18 and Sept. '18 the DPLS rallies were denied at or near this level. It managed to hold as support during the summer months. But again unable to sustain those...
After a successful acquisition of #Slack by July 31st (per their regulatory filing ), #CRM is poised to return to previous resistance levels. I like ~ $261 (R1) as the next clear direction for the stock. If broken, watch for a return to ~ $270 (R2) as well. With data provided by MarketBeat.com , the average consensus price target from analysts is $278.65,...
VEON finally popped its head over that pestering resistance level that it failed to break for months. Now the real fun begins (so to speak). It's back in this no-man's land that it hasn't traded in for some time. What I'm watching is to see if the resistance level finally becomes a new support. Then the tall task: filling and breaking back through that old...
NASDAQ:AAPL showed bullish price action at 200 MA. Short term gains are expected, anticipated price action and targets are shown on the chart, stop daily close below 200 MA. Hit the like button please if you find this useful :) This is only my own view and not a financial advice, do your own analysis before buying or selling Happy Trading!
The price does not seem to have much force, it has not been able to overcome the resistance of 15 dollars. It seems to me that it is an AB = CD bullish pattern, waiting for it to fall to $ 13.80 and then go long.
So much on the line for the markets, as we approach big levels on $MSFT This is a video update for those of you who have been following this trade since $253 I am thinking we build a cup and handle if we get a rejection and the market stays bullish or holds! If you guys like my content make sure to leave a like and a follow!!
382 Fib looks like a decent level of resistance on the BBIG chart right now. But with an uptick in volume today and some extra attention on social media, it's going to be interesting to see how things pan out. Between excitement around NFTs and the whole social TikTok competitor aspect, there's enough of a story to follow: "Vinco Ventures is a penny stock that...
NYSE:PLTR One of Americas favorite meme team leaders is looking to make a push towards 30... Will we see more fundamental mishaps that cause this stock to go down or are we going to see some legitimate price increases?
It has been bouncing off the 200 daily candle EMA since March. I do not think it will break that support and start a downtrend, on the contrary, I consider it to be a good entry point. "Versus Systems Inc is a Canada based company. The company is engaged in the technology sector and is developing a business-to-business software platform that allows video game...
Palantir NYSE:PLTR has squished itself right next to resistance at $25. What will happen at market open? Could being added to the Russell 3000 give Palantir enough volume/momentum to make it across this key resistance level?