Exxon mobile, forming a possible falling wedge……Also signaling bullies divergence. With political tensions still remaining an underlying issue and the energy sector performing weaker than the rest of the market over the last few weeks, I believe once the technology say or cools off a lot of money will roll into energy…..Let’s see how this one plays out.
IBM Seems to be forming a potential double bottom after bouncing from the 200 MA for the second time since early May and pushing higher towards the gap that was created after Q1 earnings……I believe we will begin to see some Bullish momentum soon once buyer step in lets see how this one plays out!
I see Uber, forming a potential falling, wedge, same as it just formed about a month ago also signaling bullish momentum. I believe we could break out here soon let’s see if the buyers step in.
SHOP “Shopify” is retesting a trend line that goes back to October 2022……tested the same trendline in October 2023…..we’re currently bouncing from this trend line as of last week and headed towards a recent gap to the downside from Q1 earnings. After a nice bullish candle last week, I believe we’ll see more bullish momentum soon once buyers step in…..let’s see how...
I’ve watched this triangle form over time on NKE “Nike” waiting for a breakout to the upside of breakdown to the downside. After a few decent economic reports and FL “Foot Locker” signaling positive forward guidance I believe we have the momentum needed to push higher on NKE…..let’s see how this one plays out!
Amazon seems to be forming a potential falling wedge pattern while also signaling bullish divergence. I believe we could see a breakout soon in Amazon....Let's see how this plays out!
Cup & Handle forming on XOM as the Energy Sector remains bullish in this unpredictable economic environment…..let’s see how this one plays out.
FDX is forming a potential double bottom formation after closing the gap from last earnings and retesting……. let’s see how this one plays out!
GM seems to be losing bullish momentum we have entered the gap from earnings last week currently retesting, I believe we continue downward to filling this gap to the downside……let’s see how this one plays out! - Gutta CEO
This is a crucial week for the tech industry with the Mag 7 approaching earnings, and GOOG “Google” particularly has earnings Thursday After-Hours. We’ve been displaying Bearish divergence since January, and currently forming a Head & Shoulders pattern……given the current market sentiment I believe we could see a nice pull back from Google before continuing to the...
Google formed a “Cup and Handle” Pattern……Broke and retest highs……we could see GOOG “Google” go on a nice run soon……let’s see how this one plays out!
PLTR has formed a perfect head and shoulders formation and is currently approaching the neckline in perfect timing for entry!!!
Apple is currently forming a double bottom at Key support levels ($169) also approaching over so conditions on the RSI (currently at 37). This may be a great opportunity for the Bulls to step in and push Apple back up to the $180 area and possibly $190 (All Time High) as we test a few key resistance levels along the way…… Let’s see how this one plays out!
UBER is forming a “Head and Shoulder” patter after bouncing from All-Time Highs for a 3rd time, also has a gap to fill to the downside @ $69
Disney is currently testing a heavy resistance level on the weekly chart that we haven’t seen since February 2023…… there may be a opportunity soon whether it breaks through previous resistance, retest and to then keep pushing higher, or it will reject off of previous resistance and work it way back down towards the 90s?
Google is currently forming a “Cup and Handle” pattern on the weekly chart and a “Bull Pennant” pattern on the daily chart. I think it’s safe to say Google maybe be picking up some bullish momentum soon…..let’s see how this one plays out!
With all the bad news pretty much baked in I believe it's time for the bulls to step in. We are forming a double bottom on the weekly chart currently retesting support levels from October 2023....let's see how this one plays out.
Google appears to be forming a cup and handle pattern on the daily chart. I believe GOOG may be priming up for a huge bullish move and with them positioning themselves well in this AI tug of war battle amongst all the big tech companies this year.