NASDAQ:WBD is trading around the Fibonacci support inside a channel. Breaking below the current critical support, there is a possibility of further downside. Support levels to watch if the stock goes south: $7.40 $6.72 $5.63 While MACD and RSI are showing bullish divergences, it remains to be seen since oscillators are not showing a similar divergence. As a...
Lululemon hits the buy a starter entry zone and retests the multi-year trendline. There is a risk of it falling to the $300 to $289 area if the trendline support fails. Be aware of the risk.
NYSE:NKE I posted on March 31 that Nike R/R looks attractive. Since then Nike chart showed resilience come back that defied recent interest rate worries and geopolitics. The oscillators are also turning up signaling sentiment change. If it can break out of that descending wedge, it can run further to the upside. The price targets from Mar 31 post...
NYSE:NET I'm looking to get back in again. A good entry area could be around $84. An ideal entry would be around $77. Keeping an eye on it for now.
NASDAQ:RKLB The stock spent last week sitting on the multi-year support zone. The longest Rocket Lab has traded around the support zone is 9 weeks. If the current support fails, the next support area would be between $3.17 and $2.88. Could it fall to that area? It is a possibility, given the current geopolitical climate, ongoing inflation and rate cut concerns,...
NYSE:LVS The previous neckline resistance has been hard to break. Watch $55 area. If it can close above that area, it could run to $60.
TVC:HSI Looking like it will finally break above $17000 on weekly close and make a run to $19,000. Watch NYSE:BABA $KWEB. Both of them are at the critical pivot area. China's inflation data Yesterday was not good, but the index shrugged it off. It is a sign that the market might be thinking China has bottomed.
Daily FINRA short volume is decreasing while oscillators are rising. 👀💥🚀 Note: We cannot rely on short volume alone to determine sentiment change. However, when combined with other oscillators, it can be a good predictor.
NASDAQ:LULU is starting get oversold. It looks like it could retest the multi-year trendline. $340 to $333 could be a good starter entry.
NASDAQ:DDOG Another one with potential head and shoulder. It might probably retest $108 area. Just something to keep an eye on.
AMEX:KWEB Kweb is on the verge of breaking out! Targets: $29 $31 $36 Risk: $22
TVC:HSI It has been teasing a breakout. The only problem is 17000 resistance. NYSE:BABA
If history is to repeat itself, it might be time for MARA to make a move!
NYSE:PINS Still too early to know for sure but, Pinterest could be forming an inverse head and shoulder pattern. Targets: $37 $40 Risk: $33 I have a starter position.
NASDAQ:DNUT is trading inside a triangle with a measured move of $20. If the pattern fails, there is a risk that it could fall to $11.80.
CRYPTOCAP:BTC Still sitting on fib+trendline support. The trendline is still intact. It is now a symmetrical triangle pattern with the breakout target of $80K.
AMEX:IWM is breaking out. It is heading towards $230! Stocks in the Russell 2000, like NASDAQ:RKLB and NASDAQ:SOFI , have yet to see IWM gains. But soon, they will get their time in the spotlight.
NYSE:NKE Nike looks attractive to me as it has revisited the lower trendline. There is a risk that it could fall to $87. However, considering the risk/reward ratio, the odds favor an upward movement from here. Upside targets: $97 $104 $110 $116 Risk: $87