PaperBozz

PaperBozz

NASDAQ:RIOT is sitting on a support. It's trading below the 200-day moving average now. If current support fails, it can drop to $7.77. Breaking below highlighted basing area was a bit worrisome. Looks like there is a small bullish divergence in MACD and RSI. The bullish divergence in MACD and RSI is a positive sign. This suggests that there is some buying...

PaperBozz

AMEX:IWM was rejected from upper trend line and it is now forming a head and shoulder pattern. It is currently near the neckline area which is also the 200-day moving average. If the price breaks below $180 neckline, it can see further breakdown to $172 - $170 area with $177 being a good support and a possible reversal area in between. If the price can bounce...

PaperBozz

NYSE:URI is showing some weakness with negative divergence on both MACD and RSI. For the bulls, it looks like it is forming a cup and handle pattern. For the bears, it looks like a double top formation. So, which is it? Here are the deciding factors: If the price can break and close above $490, it could confirm the cup and handle breakout and the price could...

PaperBozz

NYSE:PFE On August 13th, I stated that closing above $37 is critical to indicate the start of a bullish trend. It went up to the $37 area but retreated and is now following a bearish scenario, having reached the $34 downside risk target. So, what's next? If it can close above $35 with significant volume, it could signify the beginning of stabilization. If it...

PaperBozz

NASDAQ:AMD AMD hit the $112 target POC resistance and pulled back. It is now at critical support area. It is a combination of FIB retracement, uptrend line check back as well as a prior support/resistance zone. Breaking below $100 could see a further pull back. Here are support areas below: $93 $84 If it can bounce from here, $112 is going to be an overhead...

PaperBozz

CRYPTOCAP:BTC Bitcoin is still playing out cup and handle pattern. The pattern would invalidate if the #Bitcoin price breaks below $23,500. If the price can get above the neck line at $31,000, it has a potential to run to $48,000. I'll update the chart as it plays out. Follow me for charts and trade ideas.

PaperBozz

NASDAQ:NVDA could see further pull back. Both MACD and RSI are showing bearish divergence and have been for a while. I have called out this bearish divergence before in my previous post. Its trading inside an ascending broadening wedge pattern. If the price breaks below $409, it could accelerate the price break down as volume below is thin with a big air...

PaperBozz

NYSE:HIMS is currently trading around $6.27, which is around a Fibonacci support level. If $6 breaks, there is a chance that it might fill the gap at $4.70 or close to it. Overhead resistance areas: $7 to $7.48 $8.50 to $9.00 $10 Support areas below: $6 $5.40 $4.70

PaperBozz

NASDAQ:SOFI is fighting to overcome the 50-day moving average (DMA). Breaking above $9.20 is bullish. The price needs to clear $10 OR stay above $8 to prevent a potential head and shoulder pattern. So far, the trend is pointing upward. Follow me for charts and trade ideas.

PaperBozz

NYSE:SQ Square looks to be basing with the MACD is curling up. The risk-reward here looks good for a bounce. The sell-off from the Square outage was probably overdone. If it can break $55, it could run to the $60-$62 area. If it breaks $50, however, it could see further breakdown to the $43 area. So know your risk and manage accordingly. Follow me for charts...

PaperBozz

NASDAQ:RKLB NASDAQ:RKLB The news of the CEO selling 3.6 million shares broke the setup. The price broke below the anchored VWAP, POC line, and destroyed the MACD, RSI, and Williams R%. This is a reminder that technicals can easily be destroyed if there is an out-of-ordinary event. Here are the support levels to watch: - $5.40 - $4.94 - $4.68 I am hoping the...

PaperBozz

NYSE:BABA The news of Zhang's resignation poses a threat to the stock's bounce from the bottom trendline. If $88 breaks, watch out as it could fill the gap at $84.😱

PaperBozz

NASDAQ:TSLA On Aug 12, I posted that Tesla could see a further pullback and the $209 area would provide strong support. It came close to the $209 area, checked back the trendline, and bounced, as stated. See the highlighted area. Currently, it is fighting to overcome the 50-day moving average (DMA). Here are the resistance areas: - $256 (50 DMA) - $260 - $300...

PaperBozz

NASDAQ:RIOT found support and is trading inside its previous consolidation area. Oscillators are turning up. A breakout above $12 is bullish and could see further upside. A breakdown below $9.50 could see further downside to the $7.77 area. Needless to say, the stock will follow the price of #Bitcoin. Follow me for more charts and trade ideas.

PaperBozz

AMEX:SPY is trading inside a symmetrical triangle. A breakout above $454 could propel the stock to $470! However, a breakdown below $440 could spell trouble. The stock is currently at the bottom trend line, with the oscillators still trending up. Next week will determine whether the stock breaks out or breaks down. Which camp are you in? Follow me for more...

PaperBozz

CRYPTOCAP:BTC #Bitcoin is in a period of indecision. It is consolidating right above the 0.382 Fibonacci retracement level. The MACD, RSI, and CMF are trending up, even though the price is relatively flat. This could be a sign of accumulation, which typically favors a price resolution to the upside.🚀

PaperBozz

NASDAQ:COIN found support at the 0.618 Fibonacci retracement level. It is currently above the VWAP but below the 50-day moving average. The 9-day moving average crossed above the 20-day moving average, which is a good sign. Oscillators are also turning up. However, the stock price needs to cross above $90 to continue the bullish trend. Breaking below $72 would...

PaperBozz

NYSE:RH drops 16% on earnings report. It could drop further to the $297 area, which is the 0.618 Fibonacci retracement level and the 200-day moving average (DMA). If it does not stabilize there, it could see $268.