HUYA just recently bounced off of its 200 moving average at the bottom of the wedge channel. This will be an inside play looking for it to now move to the top of the wedge channel toward the 24.5 range. Looking for a 8% move.
ITW is looking like a roundup pattern is forming back to it's prior resistance that it recently failed to break. If it can reach that resistance again, it will have formed a cup and handle pattern as well with momentum to breakout to $165 level where it will reached another set of resistance. Alot of buyers came back into the stock after it was sold off after...
TWLO has formed a head and shoulders pattern, where the neckline breakout level is at $149. Playing the trend up into the neckline for the breakout to $155 which would be a $6 range breakout which is the full range of the shoulders and 1/3 the range of the head, which is typically the proportions I aim for. This will also be a breakout into all time highs which...
NUGT just broke out of resistance and went parabolic to the upside, making it overextended. It is overextended in the Bollinger band and the stochastics on the daily as well as the weekly timeframes. It also ran into its 200 sma at the $36 level on the weekly chart. I'm expecting a cool down with a 2-3 day pullback. This should only be a 2-3 day hold to catch...
CVNA in the past two trading days has formed harmani doji reversal pattern paired with an ascending triangle as it leads up into resistance at the $68. It has tested this level 3 times already, giving it more momentum to breakout in the coming days.
ZS recently broke out to all time highs. It has now pulled back to retest prior resistance, now support of those previous levels. Its an all-time high breakout retest. On the pullback there was decreasing volume, showing there isn't enough sellers to keep pushing it down beyond the support level. This pullback retest will now give ZS more momentum to continue...
COUP is trending in a reverse ascending wedge pattern where the channel is getting wider with more range. It has just reached the top of the channel again and the top of the bollinger bands, where it has gotten rejected 4 previous times and even shows resistance on the RSI levels. I took a short position looking for the stock to retrace back to the $126-127...
NOW has retested its old breakout level of $275. If it can hold a green candle but the close we can see a retest of the high at $293 with a potential stretch even higher. Retests give a second opportunity to get into stock after a breakout and give the momentum to go above the old breakout high.
FB has recently broke prior resistance and is looking to fill the gap that was made in the chart 1 year ago, with not much resistance to stop it until $210 level. This has to be a short term 2 week play due to earnings being released on July 23. Which at that point i would look to exit before earnings are announced due to the volatility that earnings bring. ...
SKYY cloud index is about to complete a head and shoulders formation on increasing volume. The moving averages are tucked up nicely right underneath the recent price action upward. I expect this to breakout upward toward the $61 price level where it will reach upward resistance. The formation of the head's range is rougly $4.5. A break upward into resistance...
TTD is in an ascending wedge channel, where it has just nicely rounded off support at the bottom of the channel. Looking for TTD to continue its move upward towards top of channel and to the $255 level for 9-10% move and a nice 2:1 reward/risk.
BA is completing a round up pattern on the weekly chart, may see it complete by next week at the $385 level for a 5-6% gain.
QCOM is testing resistance before the gap in its daily chart. Looking for this gap to fill up to $76 for 8% gain.
FDS is looking like its about to fall outside of its upward trend. After the last move to the bottom of the channel, volume has significantly increased, hinting at a potential breakdown out of the channel to the $272 level for a %5 profit potential to the short side.
AMD is looking like its about to complete a longer term cup and handle pattern, I'm playing the round up formation in the handle up into resistance to the $33.5 level for roughly 10% gain. AMD has also followed upward trend higher highs and higher lows.
TEL has formed a nice cup and handle pattern. If it can breakout i'm looking for the $100 target level for roughly 5% gain and then the 102 level, which i'll put a trailing stop in once it reaches $100.
BCH recently broke out and is now swinging back to retest its prior resistance, now support. If it can hold at that support level, it will give momentum to the upside to new level of resistance at $675 for a %50 move, which will also complete its round up pattern, which will potentially be completed in a couple weeks.
WFC has developed a head and shoulders pattern on its weekly chart. Each shoulder has made up 1/3 the range ($6) of the head, which is typical. Typically if this breaks down out of the head and shoulders pattern, we can look for 1/3 range to the downside which would put us in resistance right around the $41 to $39 range.