ChartEnvy

ChartEnvy Updated 

CELH looks vulnerable here after a series of lower highs. Let's see if it breaks that support.

ChartEnvy Updated 

CVS looks like it will be breaking out of this tightening range soon. Starting forming ~12 weeks ago. This one could go either way, so wait for the break. My bias is to the long side given the other indicators.

ChartEnvy Updated 

TGT is consolidating before attempting to take out resistance at ~$137. Beautiful MACD divergence was seen before forming the bottom. I would not be surprised to see multiple attempts needed before taking out this next level of resistance given this area is a key battleground based on VRVP. Possible cup and handle forming? That would be nice.

ChartEnvy Updated 

As a big PLTR shareholder, this chart pains me. It looks to be rolling over to test the ~$17.26 support. Next stop from there will be the 200DMA. The 50DMA has been rejected for now. Fortunately, there is a large volume shelf at the 200DMA to provide support. In the absence of a catalyst, any market weakness will take us there.

ChartEnvy Updated 

WYNN has been trading within a falling wedge for quite some time. It is now trading near where it started the year. Oftentimes, this setup portends a reversal. MACD and RSI divergences support this.

ChartEnvy Updated 

This one has a lot of factors making it a good-looking short setup. First, you have a double top. Second, recent down days have higher volume. Finally, you have a gap down with LVNs that will likely get filled.

ChartEnvy Updated 

I tend to focus on technical plays. I like Hershey here, but more so for fundamental reasons. Management's recent earnings forecast is solid; management also tends to be conservative in estimates. The company certainly faces headwinds that shouldn't be ignored - continued inflation, the attention weight loss drugs are getting, and cocoa prices are at...

ChartEnvy Updated 

WOLF looks ready to break out of its ascending triangle after being beat down most of the year.

ChartEnvy Updated 

MODG is one to watch as it heads back to resistance at ~$14. Should it clear that level, there is room to run to ~$16. Looks to be forming inverse Head and Shoulders. Nice divergence on the MACD over the last couple of months. Today pushed through the 50 day without much issue.

ChartEnvy Updated 

Watching RIVN closely to see which direction it takes. This could be a tradeable range with tight stops.

ChartEnvy Updated 

KDP is showing an interesting cup and handle with a potential measured move of 5 points. A break below support invalidates the pattern. Today's action is less comforting, so tight stops are needed for short-term plays.

ChartEnvy

I believe PYPL is about to get a lot of attention from traders. I'm posting this very zoomed-out view to show the long bottoming formation and falling wedge. I'll post a zoomed-in view in the comments. PYPL was one of the COVID bull market darlings that fell back to earth. In fact, you can see it is sitting below the COVID low. I'm long and finally ready to...

ChartEnvy Updated 

PTON has room to run to the next level of resistance and overhead supply at ~6.75. 50 day SMA is curling up nicely with increased volume in recent days.

ChartEnvy

The NET weekly is looking ready to break out of a long term trading range. NET has been in a long term horizontal channel, now with an ascending triangle forming. Look for volume confirmation of a break above resistance.

ChartEnvy

NET is looking to break out of its long term trading range. Keep on eye on a strong move with volume.