Modus777

Modus777

There's been a lot of accumulation in this name. The trend still respecting March lows, looks ready in the short-term to test out of this tight range.

Modus777

$FUBO looks on target to test ATH's by the end of March/Beginning of April at this pace. Needs to put in a wave 3-4 before the swing that will complete the length of the pitchfork .

Modus777

QS reports ER next week and it finds itself in a strong swing position, ready to test ATH's by the end of March/beginning of April, based on the length that it took to reach ATHs from the lowest point back in October. Stop loss below C wave or wave 2 on the daily, since that would invalidate the trend.

Modus777

Charting bounce or fail for the day

Modus777

Reversed off of the 50 daily MA. Needs above 3750 or the downtrend could continue.

Modus777

SPX needs a close above 3680 in order to avoid a massive selloff next week, simple.

Modus777

NNDM could consolidate this month as it finds itself breaking into an area of previous consolidation, but it still looks strong on the monthly, not topping RSI just yet.

Modus777

ARKG looking a little overextended, finally cooling off a bit at the top. It might retract to it's 50 MA on the daily. It bounced today off it's November break-out anchored VWAP while volume continues to be higher than normal. There's a gap below the 50MA that could get filled if we drop lower.

Modus777

Divergence on RSI as we retract to 0.38 key level after a 30+ point gap down on SPX on Wednesday. A gap down is in place again with new South Africa virus variant and an exposed liquidity problem. There are 3 key levels that SPY could bounce off of, but 376 must be held or the weekly trend will be broken and we could flush down quickly.

Modus777

Corsair looks more than ready to aim for all time highs. Massive volume today, which managed to break out of the channel and tight range it was trading in. Accumulation has taken a few weeks, and a nearing MACD crossover could mean we'll test another swing this week.

Modus777

Pretty much has followed the same trend as all financials, especially JPM. MACD and RSI need to cool off the next weeks, but trend should hold as long as we don't break through 30 key fib level.

Modus777 Updated 

Looking at $RKT for a break out of the wedge it has formed since September. Volume has decreased since IPO and I've added two important Fib levels to look at if RKT wants higher. ER run up should be a catalyst for it.

Modus777

Indicators look decent for next week. The gap below might fill if the general market aims lower. So long as the stop at the red line is not hit, ATVI should reset and continue above.

Modus777

NASDAQ:SBUX currently stuck in range, consolidating a bullish flag and waiting for earnings to decide which way it wantst to go.

Modus777

AVID: digital workstation developer, recording and monitoring board manufacturer, cloud services provider, one of my favourite companies. It has found itself in a very positive situation with COVID. Decent amount of cashflow, more people working from home: meaning more people also recording from home. The monthly subscription to their Pro Tools software couldn't...