About meActive swing trader and investor of 5 years. Purely use technical analysis and risk management to determine entry and exit of every trade.
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DKNG had a complete sell off after showing strength and a buy up this morning. Its a bull trap and closed red on the day leaving a long sell off wick above the moving average. Looks like this moving average will act as short term resistance now. The 48 level has been tested 5 times and it looks as though its heading for a 6th, looking to see a breakdown to the 45 range.
ZS has ran up right into its previous ATH. This is the first test of that high, and it comes after being overbought on stochastics and after 4 consecutive green run-up days pushing it to overextended levels piercing above the upper bollinger band. This level will act as resistance with 300 mark also acting as a physcological level of resistance, which is where...
BYND is overextended on the bollinger bands and the stochastics are oversold and showing bullish divergence. Price has continued down has stochastics have leveled off. Looking for a snapback off of the 100 support level. This 100 support is also a psychological level for the stock and will act as support.
YETI is overextended to the downside on its 6th consecutive red day. It has now exceeded the lower bollinger band and is oversold on the stochastics. It has also reached a support bounce area around 85 range. It also has the 200 sma as support. All this considered i believe a relief snapback bounce is in play until 91 range.
MRNA has pulled back to its EMA and held on a green candle, looking good for a runup to the top of the range at 463. This also looks like a correction wave to a higher high. It just posted a higher low. Higher target price should be 483.
DXC has formed a downside flagging formation and has broken through support of the 34.8 level. Before it had held support with only the wicks of the candle cracking it but still closing above it on the day, except for today. I think this is a signal for a further breakdown, maybe down to the 200 sma.
DASH has run up right into a resistance zone between 209-214. It has had 5 consecutive green days pushing over the upper bollinger band, making it overextended. This paired with resistance above most likely willl cause a snapback to the 196-200 level, where it will find suppot.
QRVO is showing a longer term head and shoulders pattern where it looks like it may meet the neckline around the 181 area. The EMA crossover to the downside is a hint to further dowside towards the neckline.
MRNA has now crossed back over the 13 EMA, which is a sign for movement to the top of the range up to 414. MRNA is been stuck in a range from 375-415. This is a 1 day play to see if there is follow through
AAPL recently broke out of its flagging pattern and had a slight continuation to 155 before a sell off occured making it a bull trap and showing a bearish doji formaiton. This is likely to go back to the breakout level of 149 range.
ABBV got obliterated on some news, it broke down beneath its support level of 111 all the way down to 106, but got bought back up and closed above 111 holding the support level. This is looking like more boucne will happen tomorrow, with a long wicked candle showing false breakdown
NVAX has crossed and closed above the 13 ema, showing a bullish sign back to the next layer of resistance at the 250 mark. I crack below todays opening candle would trigger an exit (226 area), as this play would be void