About meActive swing trader and investor of 3 years. Purely use technical analysis and risk management to determine entry and exit of every trade. The market is a sweet dance and I love every minute of it!
CGC has ran into its 200 day moving average and has met old support on the weekly chart at the $18 level. It held a green candle on the weekly at the 200 sma and is now looking to bounce. Typically this stock has a weekly range of roughly $3, I expect this to bounce and move to $23 as a target
BILI has its 9,20,50 day moving averages curling up under it right under the resistance level. This level has been tested 5 times and is now looking to breakout. If it can break resistance, looking for 8-15% gain before it reaches new levels of resistance.
MU has breach resistance of the prior gap range in chart. Looking for a quick 3.5-4% move which I believe could hit this week. Target is the $48 level, most likely will reverse anywhere between 48-49.5.
QQQ tends to always fill its gap within several days after popping up. I expect this to retrace back to $189 level where it will meet back with its 9 and 20 moving averages before it can continue its run upward.
ATVI, is in the process of forming the handle in the cup and handle shape pattern. It is rounding up nicely where it will face resistance at $58. If it can break $58 it has room to $60 because of the previous gap in its chart.
OSTK has been sold down to a major support level that it has only seen once before. After reaching this level, there was a green daily candlestick hold leading me to believe this support level is a bottom and will create a bounce to the $13 range. My stop alert will be set for $9 area if invalid.
MU has been oversold along with the rest of market. Overall market is now seeing a bounce in the SPY and QQQ indexes. MU saw significant remounting to the upside today with a bullish reversal in the inverted hammer candlestick pattern. Looking to run up 6% to $46 level.
WORK has been in a downward channel ever since it IPO'd. It seems to have a very difficult time staying over its daily 9ema for long. In this chart its looking like a 9EMA pullback to the bottom of the channel. It closed today with a red day after touching the 9ema previously. Looking for it to reach the $21-20 level at bottom of channel after failing to make...
NEWR has several things going for it to make it bullish at this point. First off, on the weekly chart you can see a bullish engulfing that held over the 200sma. Second, there was a compitulation in price where higher than relative volume pushed price back up from bottoming in the chart and closed green for the week. Third, on the daily chart there is a gap that...
ROKU is now oversold and has filled 100% of its gap in the chart. Looking for a gap fill reversal now, entered at $99 and looking for a bounce back to the $116 level where it will reach the resistance of the previous gap.
BABA has now tested resistance at the $179-180 price level 6 times. This is causing more momentum to go into a potential breakout with a weakening 180 level. The moving averages are curling right up under the price at the 180 level creating good support. This breakout has the potential to run up to $189 for a potential %5 breakout.
QRVO broke out of the $76 level to only reach another level of resistance at the $79 level. It recently has swung back and retested and held the $76 level. This tells me it will have another push towards $79 level and this time breakout with momentum as it has already tested the $79 level 6 times. If it can breakout of the $79 level it will have strength all...
CRUS is looking to breakout of the flag formation at the $56.5 level. It has room to run up to $60, which is the top of the wick of previous price action creating a resistance at that level. This is a potential 7% move.
Roku just closed on the weekly chart forming a bearish engulfing on high volume. This is the weekly chart, but if looking at the daily it also is forming a bearish flag and has room to run down to $125 level. The $118 level would be an extra push before it runs into slight support.
AMD has just formed a double top formation and has completed the second triangle. The moving averages are curling right above the price action towards the downside. There is downside pressure and can have a potential breakdown to the $28.8-28.5 levels.
DOVA has been consolidating in a flag shape pattern for over three months now. Its looking like its about to bust loose to the upside. The longer the consolidation timeframe the stronger the momentum when the stock can break thru resistance. The 50 day moving average is hovering right at $15.71, if we can get a daily close above that level this has trajectory...