CRSR, a recent IPO showing relative strength in the gaming field, looks undervalued. It's been trading within this channel the past few months, since early December. It's currently bouncing off the bottom, and looks strong in this overall red market - we should see a continuation back to the 48-50 level. RSI bouncing off of support level, MACD turning green, and...
When the markets start slipping it's important to be able to play both sides. Sometimes, you find setups like this one where every technical looks overbought, and theres nothing stopping it from falling. At the same time, we're in a bull market, and although all the signs point down, stocks will go up. I'm taking puts on $NOW due to MACD and RSI curling downwards,...
SOLO has been holding this support level and been following this sideways breakout trend the past couple of weeks. With RSI curling and momentum + volume coming back again into this consolidation, I really like this play. There was great news that came out recently, with PR saying they now have ties to 7 different countries & Invesco stating they have roughly 8%...
FUBO looks ready to reverse! SMI and RSI both curling back up, 5 DAILY candlestick sitting on the 20EMA, and earnings on 3/2. After doing some DD, we see a lot of news with regards to PT upgrades to Buys, expected sales of $97.2 million, and with revenues growing by over 71% in just this last quarter, I'm bullish after this healthy dip. Looking to take some...
ROKU is consolidating right on the 20EMA in a nice bull flag. Technicals look good, could be a good day trade tomorrow as a run up into earnings if we see a nice gap upwards. However, ROKU is still unbelievably overvalued so some news from the earnings could bring the stock down closer to its fair value.
BLNK Descending Wedge Breakout
Clean Energy play, great for Long Term as well
- Great news with setups in S.A. EVPA plan,
other catalysts include EV expansion
in other states like FL and NH
BLNK has formed this pattern 5+ times now
Breakout imminent, low volume pullback
TTM Squeeze on 30m (last squeeze jumped 20pts)
RSI, 20, and 50EMA curling
Held 20EMA on the...
Held and Bounced perfectly off 200EMA
Looking very oversold on all timeframes
RSI & SMI curling
Descending wedge on daily
Earnings on Tuesday - expecting a gap up!
PT3 40, ATH+!
SL Below 200EMA, or 30
Retail hasn’t really been the play in the past couple of weeks but Target $TGT has proven itself to be a strong company throughout this COVID market. $TGT has been following the same strong support line since October, and has been holding the same trend line for the past year. $TGT hit its support on January 28th at the price of $178.01. Since then, it has pushed...
AMD needs above 88.4 for a reversal trade. Above there is a Gap to fill from 91.9 - 94.64, with the next level previous ATH. A break out of the range box should bring levels between 96 and 110! We are also currently in a squeeze with RSI curling, and the 20SMA crossing the 50SMA...
NIO has been consolidating within thisoennant as of recently, and with good news, NIO can run if it breaks above, similar to the move PLTR had a few weeks back. With strong numbers out and many upgrade PT's by banks as of lately, there is strong potential for NIO to run! Technicals prove this theory, as momentum seems like it's going to move up again, volume...
Digital Turbine has been on a rampage recently, and with good cause. The mobile app advertiser has surpassed over 3 billion downloads across all their worldwide campaigns, which has brought about enormous growth for the company recently, fueled by the digital movement recently. With the stock hitting the bottom of this channel, and technicals pointing to higher...
Draftkings has seen a lot of action with lots of sports fans betting on various games recently. With new announcements, like their recent proposition team-up with Bleacher Report for a Super Bowl LV deal and over 200 varieties of prop bets for the weekend. DKNG also announced they have had 4 consecutive months of $100 billion+ in revenue, which bodes well for the...
Retested bottom of channel twice, bounced perfectly
RSI low on all time frames
TTM zeroing out indicating a squeeze is imminent
Entry - the bounce off 147
PT1 - 1.272 Fib at 171.56
PT2 - 1.618 fib at 178
LT PT - 2.618 fib, 200
Also be advised that earnings is on the 4th, which is next Thursday, tread carefully and good luck
AMC has been squeezing along with the rest of names like GME, BB, BBBY, etc. as retail investors have been chasing stocks with heavy short interest. I have a large position in @ 4 - and by using Fibonacci levels, we see that the next levels are 10, 13, and above the relative 5-year high at 21. Being that the stock is currently trading in the 8's after hours, these...
Visa looks oversold on every timeframe, bounced perfectly off this trendline formed from March and October bottoms. I would wait for a confirmation of a green candle on the daily/RSI to bottom out, and volume to come back in!