SPCE looks like its is forming a rounding down formation as it creates the second shoulder, in a long term head and shoulders pattern. The neckline looks to be at 26.5 which will act as support. I will play this to that level, as it may take multiple tests to breakdown from there.
SNAP is forming the last leg of its rounding formation, by looking at the hourly this could hit as early as the next 2 trading days. Its moving averages are acting as support and are starting to curve upward showing bullishness.
BA has posted 4 consecutive green days with with a gap up this morning followed by a complete selloff. It is overextended on the bollinger band and was showing overbought territory on stochastics being above >90. With the gap up and selloff finishing the day red, I think a snapback is in place, within 1-2 days it could drop to meet back up with the moving...
ETSY is showing the beginnings of a rounding pattern. I believe a continuation to the top of the range will continue tomorrow and possibly into next week. Resistance zone will come in around the 237-245 level.
CCL is developing a flag pole formation, i think it'll breakout of this formation by next week before its earnings to the 30 level.
LHX has tested the 192 level now 5 times, looking for it to break through on the 6 time with more supply from that level being taken out. It has also posted a head/shoulders pattern. Aerospace is getting bullish again and this had a low day due to a dividend payout compared to the rest of the industry. I think this is bound to breakout to the 197-200 level.
TTD has gotten bought back up to previous support levels where it broke down from around 225. The 225 level now acts as resistance. On the buy up, volume continue to decrease each day, showing weakness in upward move. It just closed red on the day today beneath the retest level of 225. Now that it has retested this level, it will pullback down to lows.
WYNN is forming a flagging consolidation pattern. The entertainment sector has stayed strong through the rotation out in the market. I believe this will break through to 144 where it will meet resistance from last February before the pandemic correction.
DKNG has had a great runup over the last 2 days, but it has now ran into resistance at 72, this is where extra supply will be from the last selloff at this level. I believe this will pullback toward moving averages. If not this trade is low risk and can be exited at any break above 73
NIO had previously broken down from the 41.5 level, it ran down to 32 and has gotten bought back up back to that 41.5 level and closed the day red beneath it. It has retested and remounted beneath that level showing that the upward move is now over and will pullback back to its lows.
UBER is forming a correction wave pattern which may come down to support around the 48.5 level. This chart and price action is also developing a head n shoulders pattern. The 48 level will be the neckline for a further breakdown.
TSLA is rounding down and doesn't look like it will stop until is support zone and retest of the 500 level is hit. The 200 sma is also hovering right beneath the 500 level as support. 500 is also the price that TSLA shares were split to, so it seems inevitable this level will be hit, then a buying frenzy will take place. TSLA looks like it may hit this level by...
QCOM has filled a previous gap in its chart today, it has its 200sma around 124 as support. Now that the gap has been filled i believe a reversal is in play and will get bought up to the next layer of resistance around 135.
TTD has filled its previous gap in chart, as well as come down to the 200sma moving average, which i will believe cause a bounce with a reversal back to the 700 level. Now that the gap has been filled price tends to reverse to next layer of resistance, in this case its 700
DXC has been trading in a tight consolidated range between 25 and 26.5. It is now at the top of the range with a weak overall market currently. I believe this will get rejected off the bollinger band and go to the bottom of the range around 24.5.
BMBL has posted a lower low and a lower high recently, showing that its in a correction wave pattern. I suspect this will post another lower low before a different trend may emerge for the newly IPO'd company. A correction to the 54-55 area is my target.
YETI has tested support 6 times, with each test demand is being taken out and the support zone is becoming weaker. I suspect this will breakdown to the 63 range. This has also formed several double topping formations.
PLUG is forming a rounding down formation. It is forming the handle of a cup and handle formation as well. It has closed red on the day after testing it's nearby moving averages and looks to be heading back down to the 37 range.