AAPL approaching the Pandemic level trendline while simultaneously coming into a key 125 s/r level AND earnings just days away. Planets aligning here on this one.
I willing to take a shot with the champ here. Tutes have an interest at the 125 level and should defend it. I have buy order for starter position tomorrow at 125.
Post earnings, I'll reevaluate. I do...
Sorry for the hiatus, folks. Hope everyone made bank on the picks!!! APPS and KIRK killing it. SPCE starting nice run, though, I sold entire position today. PLUG went supernova!!!
I like LI on the cup and handle here. Measurements on the chart for run. Waiting for the break of the upper trendline of the handle to get in.
Like and follow if you like the...
A valiant effort, but no dice. Inverted hammer printed today, needs to pullback some more. I'm looking for a bounce at 15 level with confirmation. Next key level down is around 13.
This runs hard and low float. Short term bearish. Medium term bullish due to float size.
Needs to free fall for a little after breaking the 21 EMA. Waiting for bounce confirmation for entry around the 41-42 level. Could drop to 40 but smart money will pick it up after 11/30 pocket pivot with resistance break. Eyes on the RSI trendline.
Like my analysis? Your support with a like and follow is always appreciated!!
After breaking its 5+ month range on 12/16, SHOP appears to be taking a breather onto support at the range high of 1112 level. Volume tapering off after the holidays. Waiting for confirmation of a bounce. Break of the upper trendline on price and/or RSI.
Let's talk small caps for a change!! lol
OIIM, the title says it all! I've been in and out on this one a few times over the past several months. Structure is consistent and range on bars is typically around 10%. Fundamentals are decent compared to peers and not overpriced. Float is low on this one so it can run!
The 7.70 level seems to be a key area of previous...
AMZN has finally broken out of the volatility contraction triangle it's been in for what seems like forever! And with some volume as well over the past couple of days.
So now what?
Well, today printed an evening star candle which previously in early November was rejected at this exact level. Maybe the circumstances are different this time with the triangle...
AAPL printed a dark cloud cover candle stick formation after todays trading. The last time a dark cloud was formed back in October, lead to a 3 week pullback to the red higher-lows trendline indicated on the chart.
Just an observation, but I'm eyeing the 125 level by eom January. I see this level more significant than the 129.
Let me know your thoughts!!!
NFLX has been in a range for some time, but a very clear C&H is developing. Today's candle with a long lower shadow and support at the 21 EMA. Confirmation for me is a break of the handle with a significant amount of volume (at least 1x Relative Volume). Measurements on the chart for the move. Let me know your thoughts!!!
Markets seems to have rotated to the safer haven stocks today, such as FAANGs and blue chips. SQ, a consistent producer for the year, could be in a much needed pullback or retracement as a result. RSI trend has snapped but is still in bull zone.
Key support levels to watch are the 220, 214 and 200. Must have confirmation first, though. Purple box for ideal reversal area.
FVRR may have landed onto potential support on previous resistance at 211.50ish level. Eyes on this one. Waiting for a bounce confirmation tomorrow.
Precaution: May be a small, quick move as price seems to be entering into a rising wedge.
TSLA is no doubt the most controversial stock. It has weathered the storm of 2020 yielding incredible returns. So where to now?
One thing I can see on the chart is that TSLA loves triangles!! I'm looking for a break of the most recent triangle and the break of the upper trendline along the recent RSI highs for entry. Triangle/RSI breaks appear to be preceded by...
There's no doubt BLNK has had a meteoric rise over the past few months. Gains YTD are up over 2,500%. This is a company that I think has a bright future (no pun intended), but not at this valuation.
Current price is trading at multiples of 344x of sales, 95x of book value and 104x cash.
Most recent 10Q shows me that:
GP is up approx 122% from 3Q of last year...
VVPR appears to be developing a cup and handle dating back to October. We are missing the handle, though. This may be a brief pullback leading to a run up. Measurements for the cup are on the chart at approximately $7 from the top. On watch for a handle to develop or break out of the cup.
Volume was something to mention. The volume on the Weds run up was 16.5...
SNAP coiling tight into the apex of the ascending triangle. Solid support along lower trendline and 8 EMA. Breakout could go either way with current market volatility, so playing it safe. My entry will be break of resistance and break of RSI upper trendline.
Decent volume but big OI on the 1/15/21 $55c and $60c.
SPCE showing signs of a possible reversal. Gathering/consolidating support along a previous significant resistance level. Volume has typically tapered lower during downtrend which we currently see. High risk play entering right now, I'd like to see more confirmation first before entering (RSI divergence along lows or break of pinbar printed on 11/30.
SBUX has done well holding support at the 8 EMA consistently since mid November. Lower trend line still intact, price appears to be compressed into the apex of the triangle. Love the volume spikes with the spinning top on Friday. This is a tug o' war with buyers and sellers.
Odds are in buyers favor due to uptrend. Options market leans to the call side as...
Unusual OI and call volume on the the 1/15/21 $15c. Check with your broker but TD showing big spike on 12/16, 12/17 & 12/18.
Following its lower trendline, caught horizontal support as well as the support on the 8 EMA. I'd like to see a break on the upper resistance trendline on the RSI before making an entry.