Juliac

Juliac

SBUX has been trading within a rising channel. With the sell down in Nasdaq it was not spared and had come down from a recent high of 119 back to test this channel support at 109.5 yesterday. The market is very volatile now and there is a chance Nasdaq could correct further, hence a conservative entry would be to wait for price to be able to break yesterday's...

Juliac

TWTR gapped down after announcing earnings and traded down to it's long term trendline support and appears to be holding well here. Opportunity to long it (wait for a break above 55.72 to ensure enough momentum to the upside) with initial stop loss $1 below its recent pivot low of 52.60 Looking to take profit around 65 where it fills the recent...

Juliac Updated 

After hitting a low of 270 in early March, LULU began a rebound that soon hit into resistence between 316-320 and pretty much gyrate between 300-320 till 9th April when it finally broke above this resistence. However it soon stall a few days later and then "crashed" all the way back to test 316 on Tuesday and rebounded strongly from there the next day (ie...

Juliac Updated 

DASH bottomed out with a mini inverted Head & Shoulders before breaking above the neckline @ 136 with a strong bullish engulfing candle last Friday. More upside potential especially now with RSI clearing above 50. Ideally one should have entered yesterday at the open @ 138 or as soon as it started to go above Fri's high @ 141. Otherwise, accumulate on any near...

Juliac

After hitting a mini high of 780 on 14 April, and just when the bulls are thinking it is going straight to the moon, Telsa went into a rather painful correction. Finally we had enough signals last Friday to be optimistic that this recent correction could be over: 1. retraced 61.8% of it's recent CD swing up and appeared to have found support here by bouncing off...

Juliac Updated 

A potential inverted Head & Shoulders is forming on FVRR with neckline current @ 131. A break of this neckline could see an eventual move towards 188-190 (inverted H&S target). Let's see if this move materialises! Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according...

Juliac

CRSP had an bearish H&S formation earlier which saw it fell to a low of $100 on 5 March. It then traded in a wide sideway range of 106-137 for most of the next 7 weeks and eventually an Adam and Eve pattern has emerged. The Adam & Eve ((A&E) is variation of the "double bottom" formation. The neckline is currently at 137. As soon as it started trading above...

Juliac

Since peaking on 11 Feb this year, ABNB has been establishing a support zone between 162-170. Today it formed a mornng star pattern right in this support zone. Expect an upswing next. Should trade goes our way, I would consider to scale out partially between 192-195 and ride the rest with trailing stops. Disclaimer: This is just my own analysis and opinion...

Juliac

BE has been in a frustrating slow grind generally downwards for the past 6 weeks while a Bullish Divergence between Price and RSI has been slowly building. It tested a possible strong support at 21.90 yesterday and quickly rebounded to close a rather strong candle. The odds are getting better that the worst could be over. However we might not see real momentum...

Juliac

VUZI tested and bounced off the last pivot low at 19.90 yesterday with a strong bullish divergence candle, establising a horizontal support here. A bullish divergence is now apparent between it's price and RSI, it is likely to continue the upward momentum in the coming week. Disclaimer: This is just my own analysis and opinion for discussion and is not a trade...

Juliac

CHWY has been hovering around it's trendline since 5 March. It gapped up strongly after earnings on 31 March but soon gave back all the gains and trading sidways for the past week after gap close. Meanwhile, RSI has been slowly trending up towards 50. We are likely to see sustainable upside once RSI is able to cross above 50. Long with initial stop loss @ 77.80...

Juliac

PTON established a strong support at 94 after forming a double bottom there on 5th March. It rose for only 2 days before losing momentum for the next few weeks when it slowly became apparent that a mini Adam and Eve bullish pattern was forming. Today it gapped above the Adam & Eve neckline with RSI rising strongly >50 at the same time. For those who have yet to...

Juliac

UPWK has established a strong horizontal support zone @ 39-41 (which is about 50% fibonacci retracement of the major AB swing up). It bounced off a mini double bottom here and soon began consolidating between 44.50-47.50 in the past week. Today it started to move out of this bull flag and with RSI now rippling above 50, the chance of a sustainable upside is...

Juliac

ZS tested a horizontal resistence turned support @ 163 yesterday, closing a bullish pin bar. Incidentally a bullish divergence between Price and RSI became apparent this morning as it opened with a gap up. Time to accmulate. However initial stop loss is currently at 160 (just below yesterday's pin bar low), hence position size accordingly to cater for this wide...

Juliac

ARKG hit a high of 115 on 16th Feb before retracing all the way down to a major trendline support @ 78 on 5th March. It bounced off this trendline strongly but alas started to lose steam just a little over one week later and plunged once more retest the trendline @ 80. Once again this trendline support held. $80 is also the 38% fib retracement support of the...

Juliac

Looks like Nasdaq is done correcting and looking up now as many stocks have corrected far enough and hit major supports. One example here is CRSP. It had formed a head & shoulders earlier which followed thru all the way to hit just $2 shy of its H&S target at 98 on 5 March. Bounced and then retested close to this support zone (which comprised both the H&S target...

Juliac

The recent bounce from low gave everyone hope that the correction was over and the skies were clear again for longs but in the past one week, things started to unravel again. pretty badly. When the dust settled, one began to notice that a Head and Shoulder formation was in the making and things are looking pretty precarious at the moment. Erring on the side of...

Juliac

Z shot to a high of 208 on 16 Feb before doing the mean reversion all the way back to it's long term trendline on 5th March (34% retracement!). It then enjoyed a short term swing up from 122.4 to 159.8 (30% up in within a week!) before the recent rate hike fear brought it all the way back... down to the trendline again! Another opportunity play the swing up with...