NASDAQ:RKLB If you zoom out, you can see that Rocket Lab is clearly trading inside the channel of a bottom stage. (Google Stage Analysis) The base of the channel has formed a strong support after a long period of consolidation, as evident by the volume profile. As you can see, the stock spends most of its time in the bottom half of the channel and bounces every...
NASDAQ:SOFI Ouch! The convertible note offering, together with a 21.7 million share dilution to retire some of the 2026 notes, broke the triangle setup. Note that EPS is not impacted by the 21.7 million share dilution, as it is calculated based on fully diluted shares, which already account for the 2026 notes. There could be further impact on the share price...
NASDAQ:PYPL Paypal is trading inside a descending wedge. It looks like things may be turning up for PayPal. There are multiple patterns at play: ✅Inverse head and shoulder ✅Multi-year descending wedge ✅Near-term descending wedge breakout The $60 to $64 area would be a critical resistance area, as it is the area where multiple factors are working against the...
NASDAQ:INTC Intel is forming a potential head and shoulder pattern. If it breaks below the neckline, it can fall further. However, the pattern is invalidated if the price breaks above $46.👀 Downside targets: $39 $38 $35 $34
NASDAQ:TSLA I mentioned the potential inverse head and shoulders (IHS) pattern and that I was taking a position in my Feb 13 post. Two days later, I closed my position for a profit. So, what do I think now? Tesla could close the gap around $210, which is going to be a critical resistance level. In terms of macro trends, Tesla faces serious challenges ahead....
NASDAQ:ETSY This is another one that is forming a cup and handle base. MACD and RSI trending up. The ER will determine $61 or $90. Upside Targets: $85 $90 $97 Downside risk: $61
NYSE:ONON On is forming a cup and handle base with a neckline resistance at $33. It just broke out of a triangle and could see further upside once it breaks above $33 area. Upside targets: $36 $41 $49 Downside risk: $28
NYSE:STEM Okay. This is a risky trade. The stock is trading inside a decending wedge. It bounced off of the fib support. MACD is showing bullish divergence. RSI is climbing. Upside targets: $4.50 $7 $9 $15 Downside risk: $2.30
NASDAQ:AAPL Apple's chart is forming a cup and handle pattern, with the neckline at $198. A multi-session close above $199 would validate the pattern, and the price could travel further upward. The RSI and Accumulation Distribution indicators are showing bullish divergences, indicating that accumulation is occurring. Upside Targets: $198 $209 $224 Downside Risk: $177
NYSE:TGT Target is interesting to me now. It has broken out of the descending wedge and is starting to break out of the inverse head and shoulder neckline. It went through a consolidation period and just broke out of it last week. A good entry point would be $142. An ideal entry would be around $133. I think they learned a lesson about going woke. Upside...
NASDAQ:HOOD Still in Stage 1, undergoing the bottoming process. It needs a weekly close above $13.50 to confirm a breakout from Stage 1. Currently, it is trading between the 50-day and 200-day moving averages (DMA). The earnings report (ER) is scheduled for February 13th. My expectations: $13.50 - if the ER is good $9.80 - if the ER is bad"
NYSE:SNOW Snowflake broke out from the stage 1 and is currently entered stage 2 - the uptrend. The measured move for the base break out is $273 with $251 being a critical resistance. It is hard to justify chasing this stock at current level. An ideal entry would be around $194. Would you chase? Upside targets: $240 $251 $273 Downside risk: $194
NASDAQ:MARA Breaking out from the channel. The MACD cross bullish. RSI is turning up. Upside Targets: $28 $31 $37 Downside risk: $19 I only have a small position this bull run. I had a fairly decent position during the last bull run which returned about 500%.
CRYPTOCAP:BTC #Bitcoin hit $48,000 target 🎯 posted on Jan 27. It might have to consolidate here a little bit before traveling further up. Upside targets: $51,600 $55,000 Downside risk: $45, 000
NYSE:BABA Looks like we may have a proper inverse head and shoulder with a neckline at $78. The right shoulder is yet to complete. Anything can happen. As I said in my Feb 7 post, $70 support is critical. Upside Targets: $78 $84 $88 Downside risk: $63
NASDAQ:RKLB Rocket Lab's prior setups were destroyed by the news of the convertible debt offering. We are now working with a new triangle setup. The stock bounced from the lower trendline and is currently trading at the Point of Control (POC) volume resistance. The price needs to climb above $4.50 to clear the volume resistance. Closing above $5.50 will...
NYSE:NET Cloudflare stock is forming a pennant pattern going into the earnings today. It is an interesting earnings report play for a breakout. If the earnings report is bad, the stock could drop to $71. So be aware of the risk. Upside Targets: $95 $105 $115 Downside risk: $71
NASDAQ:PYPL Paypal is down more than 10% after ER. If the price close below $56, the inverse head and shoulder will invalidate. Here are the support levels to watch: $57- $56 (critical!) $51 $46 I am not going to rush in. Will wait for the dust to settle.