PLAY shares printed an RSI well under 10, which is historically unprecedented. But, like a lot of stocks right now, this is a balance sheet play. The company is pricing in a strong chance of liquidation and death. Watch for a very volatile range ahead, but know that shorts are plenty and vulnerable if the squeeze heats up.
SPY gets into bounce mode as market responds to historic Fed move and anticipates historic fiscal bailout package. It probably isn't THE BOTTOM. But it likely represents A bottom. SPY 275 area is key to watch.
ZM is another pandemically advantaged play breaking out of a classic flag range into a parabolic mode of action as more and more workers stay home and remote into the office. The new way of life is probably permanent for at least some portion of the workforce as some percentage of businesses realize meetings are better over Zoom... Why ever go back into the office!
TDOC is off and running in a classic bullish range breakout and an acceleration of its ongoing upward trend into a parabolic mode as the specter of a hospital capacity crisis looms on the COVID-19 pandemic horizon. Telehealth regulations have been stripped to open the gates. And TDOC is positioned to thrive.
BA has been threatened on an existential level, but a bailout in some form is a virtual guarantee at this point. Oscillators show unprecedented oversold conditions, and first resistance is nearly 50% above.
NFLX has been outperforming the broader market as investors drive a premium into companies positioned to benefit from the shelter-at-home policy coming into position for much of the US. The pattern in place is a very bullish ascending triangle. A move back above $380 from here will likely have NFLX bears running for cover.
MYL is going to be very interesting in the weeks ahead as the "chloroquine theory" gets more testing as a COVID-19 frontline therapeutic. The stock has a Green Light from the Ichimoku Cloud and a breakout set up at $17.50/share.
PENN has a clear MACD bullish divergence now in place as the stock rebounds off of a very important long-term support level in place going all the way back to 2008 and the global financial crisis.
ISWH is sporting a bullish MACD divergence in the context of a still-forming Bullish Ascending Triangle pattern with a bull trigger at the $0.50 level. The float is tiny here -- under a million shares. If this breaks out, you'll need a rocket to catch it. The company is expanding in the home healthcare space, with a potential boom underway as the COVID-19...
RXMD is in a clear bullish technical posture: at key support with multiple touches over two years and an RSI print under the "30" bull signal level. In other words, it's oversold and triggering key support in a very large time-frame bull trend. • Telehealth regulations have been dropped to allow it to brace our healthcare system against exponential COVID-19 case...
IPIX is a strong Coronavirus therapeutics opportunity coming into key trendline support just as the Ichimoku Cloud indicator is signaling "buy the dip!" at range level support, which is working in confluence with the trendline at current levels and just underneath. Oscillators are also signaling the current opportunity as price reaches short-term oversold...
ROKU theoretically benefits from the COVID-19 stay-at-home trend, and the stock has key support at confluence of chart level and fib 62% retrace between $82-85. Knocking on the door.
TSLA shares have hit support at the 50% fib retrace level off the fall 2019 launch point. Nothing has changed about the big picture story here except for index outflows.
ZM continues to buck the CV doom and gloom by virtue of its ability to establish a growing market as a tele-business solution. The Ichimoku Cloud agrees, so does the trend. We would not expect this momentum to be defeated easily as estimates ratchet up for the spread of the disease.
HES shares test massive bear range trigger. The future is binary and important for this stock. But if the world realizes the presence of a global policy force in the oil market is a good thing, a whole lot of shorts are likely to get burned.
PXD drops sharply through the bear range trigger... Now testing key support with $50 level below. Short interest is likely through the roof.
CLR is testing key support after a monumental crash spurred by the fallout of the price war between Russia, SA, and the US. The last time OPEC faltered, it was here. And that was a huge opportunity.
ISWH is primed to rip. The stock is flirting with a major breakout on a move about $0.50 in a perfect Bullish Ascending Triangle breakout pattern and a float of less than a million shares. New Opportunity: International Spirits & Wellness Holdings Inc. (OTC:ISWH) • Coronavirus is about to Blow Up According to Experts, with millions of new cases coming • ISWH...