C is on its 4th test of resistance, with its moving averages kissing up right underneath its price as support. Its also forming a round up pattern within its breakout making it that much more powerful. I'm looking for it to breakout and complete its round up symmetric pattern at $71 for 5% move to the upside.
UBER is looking like its about to breakout of its ascending triangle pattern. It has now tested the $45 range four times. It may bounce around within the triangle a bit, but once it breaks i'm looking for a profit target at $48. This is about $3 breakout which is 1/3 of the range it has been when forming the ascending triangle.
MRVL is completing its round up pattern within its handle formation in "Cup and Handle" pattern on daily chart. This is a potential breakout as it has tested this resistance 4+ times. I believe it will reach old time highs of $25.75 as it completes its handle in its round up pattern. At this level there could be more room for a bigger breakout to the $27-28 level.
WMT has just hit its all time high. Usually after the first test of an all time high especially since it hasn't seen this price since 1.5 years ago, there is an oversupply which will cause selling off the high. Looking to see a slight retracement back to the old resistance but now level of support at the $106 range. A quick 3.5% bounce back until WMT can...
REGI, has recently bounced off lows and has formed a bullish morning star candlestick pattern on its weekly chart. Funneling that down to the daily and 4 hr chart, it is completing a round up pattern to $17.25 range for a 7-8% gain.
NEWR has formed a double top pattern with a retest of the head in the third triangle. This indicates the buyers couldn't rally the stock back to the highs. It has now tested 200 day moving average 6 times, this time i believe it will break and head further down towards $90 range for a 5-6% gain.
TW is forming a round down pattern in its daily chart. With the first completion of the symmetry at $41, but I think it has a bigger move down towards $38.5 that completes the full scope of the round down pattern.
NTAP is now testing resistance before the gap in its daily chart. As most gaps fill and it has tested this level several times over the past couple weeks, I believe it will close the gap for a 6% profit potential
OKTA has set up a nice flag pattern. On this 2 hr chart it is within flag range, but on the daily its looking like it will breakout by tomorrow or the day after. Decided to enter a tad early as the cloud sector as a whole looks bullish and this ticker has the stronger setup within the sector. Looking for a quick move up of 4-5% which can happen within a day or...
OAS is about to breakdown from a consolidation zone its been in for 6months. Within that consolidation zone it has formed a double top pattern and has tested lower resistance of $5.20 5 times on the daily chart. If looking at multiple timeframes on the weekly and monthly charts, its very apparent that it poised for a move lower. The shorter term outlook would...
SPY is completing its formation of the cup and handle. It's about 1% off of its all time highs. If it can breakout of the resistance after completing the cup and handle formation, this can have trajectory to $310-315 range as a profit target. This is about a $20 move upward which is 1/3 of the range when forming the cup and the full range of the handle. I'll...
NTAP has just approached resistance in its daily chart as it closes in on the gap made in its chart a couple weeks ago. I'm looking for this gap to be closed in its chart over the next week for a 5% gain.
TME is forming a round up pattern with increasing volume. Looking for it to run up to $15 before it hits resistance before the gap in its chart. At the $15 level I would expect a slight retracement and further run up to $15.75 to fill the gap.
HD is forming a rounding up pattern, this is a strong pattern and is showing alot of symmetry on the chart. Looking for this to run up to $206 for %4 gain. With a stop alert around $194
Plan is pushing extreme levels to the upside. Its on its 5th up day and its gone a little to parabolic to the upside, almost in a straight line. Its in overbought territory and already well overextended on its bollinger bands. I think its going to need a breather for a day or two with a nice pullback to $45 level. Once it pulls back, I will exit trade because...
YETI looks as though its forming a rounding pattern. This can hit the target up to $27.50-28 for 5-7% profit, until it reaches upward resistance. But it does have the potential to go up towards $29 until it may retrace more significantly
UBER has now touched its all time high, this is the first time it has reached that level. There is alot of supply left over from the IPO day and people will be selling at $45. I will play this retracement back into the moving averages for roughly a 5-6% profit in a short play.
NEM is now on its 5th-6th up day, making it overextended and overbought. It was breached the top layer of the bollinger band and is at about 98 out of 100 on the stochastics chart. These all combined lead me to believe we will see a retracement for the next several days in NEM until its moving averages catch up around the 32.85 to 33.30 mark for a short play...