BLL is bouncing off the bottom of its channel after showing multiple higher lows and reaching higher highs in the elliot wave formation. Looking for this to finish its last leg at the top of the channel with a potential breakout.
PH is about to breakout of its consolidation Flag. It had a run up, then has been consolidating over the past several weeks. It is now looking to breakout upward to the 190-195 range, with the moving averages trending upward underneath as well
CODX has been consolidating and the bollinger bands have become more narrow, which will create a squeeze out of the consolidation. It has also tested the $20 area 3-4 times, looking for it to break through on the next test.
TXN is about to complete its inverse head and shoulders pattern. With a neckline break at 135, it can see a run up to new highs. The range of the shoulders are roughly 15points, so the range of the breakout move will be roughly 15points to the 150 area.
INO has retested the 19 level and held that support level w/remount back over the moving averages. This is a bullish move. INO is also forming a rounding formation. These are indicators of price to go back to the $32 level.
QQQ is currently extremely overbought on stochastics. Anytime it runs above 90 in stochastics it pulls back. Pair that with being completely outside of bollinger band in overbought territory on its 5th consecutive green day, it is due for a market correction. I believe it will pull back to 250 range to rebase.
TSLA is completely outside of its bollinger band in overbought territory. It is also above 95 in stochastics, which is extremely overbought. TSLA is a hype stock, so rallies can get very extended, creating an opportunity for a bigger correction. The overall QQQ index is overextended as well, i believe this will have a multi day pullback this week to 1200 range.
CODX has all of its moving averages converging underneath its price after a strong green day on higher than relative volume. The bollinger bands are becoming more squeezed which represents consolidation with a soon breakout. The $20 range has been a resistance level tested several times. Looking for this to break above to the 22 area.
CMG has had massive uptrend and has now been in consolidation forming a flagging pattern. With a break above 1060, this can run up to 1120 or higher. Its also a great CoVID stock play. It has its moving averages beneath acting as support to help push this higher.
NXPI is rounding up after recently bouncing off its ascending support. NXPI has been consistently making higher highs and higher lows. This look like it will round up to the 121 range, then potentially make a higher high up to 126. Its hourly chart just had a bullish crossover of the EMA's and is holding moving average support on the daily chart
FND has tested resistance at the $58.5 level 4+ times. Looking for a breakout trade towards $62. The hourly chart has had a bullish EMA crossover as well.
Pins just bounced off of its uptrending support line, while also forming a bullish Doji. This shows signs of a good reversal w/ $24 as a target.
TSLA is flagging, a break over 1025 will lead to all time highs and could take price to 1100. May consolidate for a bit first
NUGT is showing a rounding formation on its chart. With the general market showing weakness, GOLD is a play and it shows in this chart. All its moving averages are converging underneath the price as support, showing bullishness. Play until $83 where it will meet resistance.
SPOT has been on an amazing run. But it has now reach overbought levels, it is parabolic on its weekly and monthly charts. Friday it showed weakness, and usually in an overextended stock, the first signs of weakness brings a correction. I think we can see SPOT come down to the $237 level.
I got into ZS friday afternoon at $106, it had cracked the EMA support and looked bearish to $99, showing a rounding downward formation. It is overextended on its weekly chart, which is going to keep it from running much higher. It needs to pullback to its average true range.
SMAR has now broke resistance and has begun to fill the gap in its chart. This gap plays all the way up to the $57-58 range. Looking for SMAR to fill the gap
CODX has been consolidating for sometime, the bollinger bands are becoming more and more narrow. Typically when this happens there is a breakout coming. Being that it has its moving averages as support, it looks like this breakout will be to the upside w/ $20 as a target