Yes i know last time i charted this, the stock got completely destroyed due to the market conditions and inflation. The stop loss saved me of course.
Again, it is looking interesting to me here. Falling wedge with bullish rsi divergence.
They also just got the Serie A rights and Premier League rights in Canada along with the betting.
Could be a nice trade...
I think visa looks good on the weekly chart right now as a long term and maybe short term play.
Inverse head and shoulders on weekly.
Bullish long term channel.
I like this stock long term.
This is very risky given market conditions and recent price action in Shopify. This stock has gotten completely beaten recently, maybe its just the Canadian curse. We are in a bearish market so this can easily be wiped out by tomorrow. Please be careful.
Now i dont recommend trading during these conditiona but i have been accumulating this stock for the long term...
Draftkings has been in a downtrend for some time and finally looks to have broken the trend and showing signs of reversal. The price has broken out of the falling wedge and looks to be retesting the above trend line.
Price is currently at the 50 sma resistance and seems to piercing the 50sma. Will need to hold this level for more bullish momentum.
Broken our of falling wedge and testimg the line for support.
Price just below 50 sma and will need to break to be bullish.
Still on low volume i would wait for confirmation.
Pt are 54,69,75.
Use stop loss ~39-41
eBAY also looks good here.
eBAY has been in a falling channel since october and has finally been able to break the upper line. It is flirting the 50 sma and seems to be holding it. Will need to hold this level to contine bullish momentum.
a double bottom has also formed at the end of the channel.
A bit of risk here.
Volume is still lacking so it would need to...
A possible swing set up looks to be presenting itself here.
Adobe got wrecked recently with chip shortages and supply chain issues and i finally think it will begin to reverse therefore i will be watching this.
bullish divergence also looks to be occuring with the RSI.
price has broken out of the falling wedge and seems to be re-testing the line.
RBLX, another tech company i believe is setting up for a good swing trade at these levels. This stock has been crushed as of late but it looks like it may be reversing.
Price as broken out of the falling wedge and seems to be testing the parallel trend line before moving up.
The 50 sma is acting as resistance but if the price can break that level, i believe it...
I think a possible good swing set up is playing out on SQ. I may be a little patient before entering but i will give my opinion for those who enter this.
Price has broken well out of the downward channel and has passed the 50 sma. I believe that if the price action continues like this, a golden cross will be imminent shooting the price higher up.
PLTR looks like a decent swing set up here.
Price has broken out of the falling channel and seems to be trying to over take the 50 sma. Double bottom also formed at the end of the channel before the move up.
Price is currently flirting with the 50 sma, also acting as a supply zone. It needs to pass this level to make a bullish move.
PT are 17.50 and 20.50.
I think ford is presenting a possible swing set up here.
Given the rise of prices in oil and shift of focus to electric vehicles down by ford, i think this stock can go up.
Falling wedge showing a bottom (double bottom) and looks to be getting read to test the upper line.
Price targets are 17.50 and then 19.85.
Use a tight stop loss with these market...
Inverse head and shoulders looks to be forming.
318 acted as a nice support and bounce.
Price targets are 348 and 376, the 50 and 200sma. It will need to regain both these levels to be considered an uptrend imo.
these are choppy market conditions so use tight stop loss and limit emotions.
Multiple bottom and seems to have broken and retested resistance line.
down over 30% from 52 week high.
Moving averages look to be getting closer. Golden cross incoming soon in my opinion. 200sma acting as resistance right now.
Rsi still okay.