DKNG seems to be completing the 4th wave of this 5 wave up from early November lows. 4th wave does not like to get very far past the .5 Fibannaci zone of wave 3. But it looks like it is running a flat. I will be adding bulk of position sub 46. To add more confluence there was massive buying at 53 that took place today. Stay safe out there!
MAXR's trek from it's lows are looking to finish it's first 5 wave. Both 1:1 extension of wave 1 and the 1-4 .618 extension points to 38.60 being the top of this pattern. A lot of confluence in this move. Long for now.
AMD seems to have a clear pullback after the 3rd wave up. Entry is 81.30 with stop loss past a 1:1 extension of wave 3 on wave C. at 80.75. This entry is also off the .382 extension which is very common retracement from wave 3. Stay safe out there.
FRO seems to be oversold right now after moving down almost 40% from $12 on April 27.
I liked the way it held the big psych level at 7.50 and is currently breaking out of the downtrend.
Stop loss will be below 7.50.
First target is to fill the gap towards the 9.10
Second target to fill the next gap around the golden pocket around 10.30-45
Also crossed on...
Depending on how SPY and the market plays out, I believe it also has another leg up coming after some further retracement.
Targeting a 1:1 of wave 1 for 5 puts us just above 18 where there is past price resistance. If we are due for another leg up, that is a high R:R short from around 18.