NASDAQ:AEHR is forming inverse head and shoulder. If it can break through the neckline, the measured move is $14.7 or target #1. 👀 As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
NASDAQ:STNE If the stock can break out of that wedge, it has a chance to hit around the $14 area. First, it needs to overcome the $11 area resistance, though. The targets are published in the chart. As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
NASDAQ:SOFI Since all published targets have been hit, you might be wondering what's next? If we can successfully close above $16.25, we have a shot at $19 next. Here are new targets: $19 $23 $28 $34 Don't expect the targets to hit overnight. Once a concrete pattern is formed, I will have a better idea. Caution: the stock is quite overbought. I would feel...
NYSE:ELF just completed a potential cup and handle base with a measured move of $163. Let's hope it plays out. 🙏 It is safe to say that Muddy Waters' Carson Block's short did not work out. 🚀 As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
NASDAQ:ULTA presents a better risk/reward. It has now closed the gap and is starting to be oversold. There is a risk that it might drop to the $312 to $300 area. Knowing that, would you bet on it through ER? As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
NASDAQ:ULTA presents a better risk/reward. It has now closed the gap and is starting to be oversold. There is a risk that it might drop to the $312 to $300 area. Knowing that, would you bet on it through ER? As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
NASDAQ:RDFN Well, the head and shoulders pattern was validated after the earnings report (ER). That's why you shouldn't chase a stock that shows a bearish pattern into the earnings. The stock is down 31%. I might pick up an entry position below $7. It's getting close. As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
NYSE:TGT looks to be forming an inverse head and shoulders pattern with a full measured move to the $227 to $230 area. The inverse head and shoulders pattern has been taking shape for two years, so don't expect the price to reach the target overnight. The earnings report (ER) is on Wednesday morning. It will either make or break this setup. Watch the $180 area...
NASDAQ:LULU hits the perfect VWAP and 200DMA crossing resistance and then pulled back. The earnings report (ER) will determine whether there is a checkback to the trendline or a breakout above the 200 DMA. As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
NASDAQ:AMD Broke below the trendline but sitting on a decent support. Support zone is now $134 to $127. 👀 I might have to double down if it drops near $127 area.
NASDAQ:QQQ It looks like QQQ might need to check back on the trendline and the 200 DMA. 👀 If you're an optimist, you would welcome this as opportunities are created during the pullback. I have been raising cash for this reason. As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
NASDAQ:SMH 200 DMA has been a reliable support during this uptrend. Expecting a bounce in semiconductor stocks around the 200 DMA. 👀 In the worst-case scenario, if the 200 DMA fails as support, it could drop to the $230 to $220 area, where it might find the ultimate bottom. That's where I might double down on semis. As always, I share my opinions and trades....
NYSE:AES looks to be bottoming. The oscillators are curling up. The chart shows two oscillators, but the rest of the oscillators are all turning up. The targets and potential drop area are shown on the chart. Target 1 would be a tough resistance as it is in the POC region, so there is a possibility of rejection around that level. Bear in mind that if the...
NYSE:HIMS Amazon is starting to sell cheap hair-loss drugs. BofA downgraded the stock from Buy to Underperform. The stock reacted with a 25% drop. I had always been concerned about the threat from Amazon, along with legal and regulatory issues for this stock. I don't think Amazon will stop at just selling hair-loss drugs. They might go for everything that Hims...
NYSE:DIS Disney's earnings are tomorrow. It is going into the earnings with RSI in overbought territory. Targets, support, and resistance levels are shown in the chart. Would you play the earnings report? As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
NASDAQ:AFRM is breakout from the cup and handle base. I would be interested in taking a position on a neckline check back. The targets are in the chart. As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
NASDAQ:HNST is forming a potential inverse head and shoulders. ER is this evening. ER will determine the fate of the setup. The stock is currently trading at neckline resistance. Targets are shown in the chart. As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
NYSE:LMND Lemonade has been basing in stage 1 - the bottom, for the past two years. It is currently at a major resistance that has been hard to break in the past. Once it breaks through the resistance around $25, it will mark the beginning of stage 2 - the uptrend. Beware of false breakouts, though. It is currently beginning to enter overbought territory, so I...