On May 30th, I posted that NASDAQ:ETSY could reach the $74-$70 area. The target was hit last week. I am tempted to take a starter position here. The current support of $70 is critical. Otherwise, it could fall further to $60.
NASDAQ:JD is trading around $32 which is the same as 2014 price level. Reported Revenue EPS Q2 Aug 2014 $4.61B. 73 cents/share Loss Q2 Aug 2023 $39.69B. 59 cents/share Profit Does this make sense? I am expecting a reversal here.
CRYPTOCAP:BTC #Bitcoin Fib support is holding so far. The MCAD is narrowing and RSI is curling up but still in oversold territory. If current support fails, the next support is at $24,500 area. Overhead resistance is $27,500.
NYSE:DIS Ouch! 9 year low. Trading along the bottom trend line. The wedge is getting tight. Could Yesterday be the final flush or could we still see $80 - $79?
NYSE:U is currently sitting on 200DMA. MACD is about to do a bullish crossing. Both William R% and RSI are curling up. Its still early but it could be signaling a reversal. 👀
NASDAQ:PLUG Hard sell off after ER. It is sitting near Fib support area with both William R% and RSI leveling off in oversold territory. 👀
NASDAQ:RKLB MCAD narrowing. But not out of the woods yet. William R% is about to leave the oversold area. If the price can break and close above $6.09, it can see a further upside to $6.87 area. Cramer said "Buying Rocket Lab is like sending money up in smoke". That may have marked the bottom!
NASDAQ:PYPL came close to $56 level support and bounced. Currently, MCAD is about to cross bullish. William R % left the oversold area. Previous times when this happened, it indicated the reversals (see vertical lines). 👀
NASDAQ:SOFI sitting on 50% fib retracement with narrowing MACD. RSI and William R % curling up. 🤞The price needs to climb above $11 to prevent it from H&S forming. Lots of charts in the market looks like this. Including AMEX:SPY and $QQQ.
NASDAQ:CROX Crocs is currently sitting on the $91 support area. If the current support fails, it could see further pullback. Watch the following price levels for support and reversal: - $81 - $65 The $81 area should be a strong support, as it is also a 200-week moving average area. I will update the chart when the trend changes. Like and follow me for chart updates.
NYSE:PLTR bounced from support (yellow line). Overhead resistance is around the $16-$17 level. Bulls need $13 to hold. Breaking below $13 could send the stock to the $10 area. There is a danger of a head and shoulder pattern forming if the price bounces to $17 and fails to break above it. No position. 👀ing. Like and follow for updates.
NASDAQ:MARA I took a small initial position in Marathon Digital today. It is close to my price target of $10. Am I early? Most likely. I can see it go to $8 to $9 area. Here's why I started an initial small position: 1. Marathon Digital (MARA) has a strong balance sheet and is one of the largest Bitcoin mining companies in the world. This means that it is...
#Bitcoin looks to be forming a mini cup and handle. It is also forming an ascending triangle. It hasn't broken the trend line that started back in January 2023 or the 200 daily moving average since March 2023. The trend line needs to hold for the bulls in order to prevent a further breakdown. If the trend line holds and the price breaks above $31,000, here are...
NASDAQ:PYPL has dropped 22% from its recent high, wiping out all of its gains since June. If you are one of those who are saying "I missed the boat," well now is your chance. 😂 The current price level of $59 needs to hold, or else we will see a further breakdown. There are no strong support levels below. We could even see the price check back to the lower trend...
NASDAQ:NFLX Netflix is looking like it is forming a head and shoulder pattern. If it breaks below the $411 neckline, it could see a further breakdown that could see the price touch back the uptrend line that started since July 2022. Here are the areas to watch for potential support and reversal: - $411 (neckline) - $387 - $368 - $354 (the worst case) I will...
NASDAQ:SOFI saw a 28% pullback since peaking at $11.70 after earnings. The current support of $8.35 needs to hold, or else we could see a further breakdown. The worst case is a pullback to $6.45. Watch the following support areas for support and reversal: $8.35 $8.00 $7.24 $6.63 $6.45 I will update the chart once I see a potential reversal. Like and follow...
NASDAQ:RKLB RocketLab broke down from an ascending broadening wedge. The current support of $6.09 needs to hold, or else it will see further breakdown. The worst case is $4.66. 😱 Watch these support areas for a reversal: $6.09 (current support) $5.96 $5.35 $4.99 $4.66 I will post an updated chart once I see a potential reversal. Like and follow me for more charts.
NASDAQ:DKNG DraftKings could see a trendline check-back within an uptrend channel. It is currently sitting on the 50-day moving average and a Fibonacci support level. If the trend line fails to hold and the price falls below $25.60, we could see a further pullback. The $25.60 area should provide good support. Watch these price levels for potential support and...