DKNG sold off with the rest of market but its already had 4 consecutive down red days. It instantly got bought up and even after the buy up its still overextended to the downside. I'm looking for this to continue on a mult-day rally. Up to the 48 level.
ITA has tested the 107-108 level six times, with each test the supply at that area weakens making it more likely for a breakout. I expect this to rally up to the 112-113 area.
PH has tested the 321 area now 6 times, with each test taking out supply at the resistance level. The aerospace sector looks poised for a breakout as well. I expect this to breakout here soon to the 335 area, above 324 is all time highs.
OSTK has recently pulled back from testing the 80-81 level of support. It is also posting higher lowers going up the support channel showing Rebound waves. I think on the 6th test of this, it will breakout all the way to the 88 range. With each test of resistance supply gets taken out making it more likely there will be momentum buying.
SNAP has broken down. Looking for a continuation to the downside of the next several days to the bottom of the range, which is at the 49 area where support is.
UAL has reached the top of its consolidation range and has bounced lower off it. Its beneath its moving averages and looking to trend down rounding down to the bottom of the channel to the 50 level.
TSLA is getting closer to reaching the apex of its longer term consolidation. It looks as though its currently rounding down with the ascending support line having been tested over 6 times. With the overall weakness in tech right now, i suspect this to break beneath that support to the bottom of the rounding down formation to the 615 level. If it breaks above...
MSFT has been driven back down to 246 support level. This is a quick entry pop up play. The pop back can go as high as 250 or so before meeting resistance. After inital pop up and profit taking, another entry can be had once it confirms the the 246 level as a true retest
GOOG has just filled its gap in the chart down to the 2320 level. Looking for this to now reverse to the next level of resistance which would be the level before the gap was created at 2375. When gaps become filled price tends to reverse to the next layer of resistance.
RBLX has posted a higher low and has mounted over its moving averages looking to push to the top of the range which would be to the 79-83 area. There is top level resistance around 80 which may slow it down. Earnings are coming about on May 10, so i'll look to take profits before that point, as i don't hold over earnings. I think the correction C wave can be...
DLPN looks to be rounding up and has developed a slight consolidation over the past several days looking like a flag pattern ready to breakout. I have 14 as the first area of resistance where profits will be taken
CCL has posted a higher low and is now forming a rounding formation back up towards where resistance lies at 29.6. It is also forming a correction wave pattern which may lead to it breaking out of the resistance level to the 31 area.
DXC has been consolidating forming a flagging formation. It is only a matter of time before this breakouts out above the 32.5 area towards next resistance levels of 34-35 range. I break beneath the consolidation flag pattern would trigger an exit
SNOW is looking to breakout of its flat top formation. It has tested this level 5 times already and is going for a 6th. Each test into resistance is taking out supply increasing the likelihood of a continued breakout. Looking for this to run into the 250-260 range.
GME has broken out of its consolidation pattern. It has posted a higher low and seemed to form a correction wave pattern. Was able to enter into this at 170 level, before breakout in after hours
NKLA has tumbled all the way down to all time lows. The stock price began at the $10 range. Price has now hit that all time low, and has recently seen a surge of volume come in. This is 5 times relative volume. This indicates to me the stock has reached a capitalization point, which will create a significant bounce in price. This can be considered a longer...
ADBE ran down to the 507 support line, and popped up from there. Looking for a quick retest of the previous 525 high. A crack beneath 502 would trigger an exit.
NVDA has pulled back to retest the 600 level, which was previous resistance but now support. Now that it has tested and remounted above it with a green candle may show strength back to the 645 area.