2 month basing patter around its 50 day moving average creating a clear supply line around $74. The level to watch heading into next week. Setup looks great.
Seems like the bottom is in. * Broke out from that $26 level, re-tested and held * Couple small doji candles * 5 day pocket pivot yesterday * Vol well ahead of price as reflected by OBV
$SNAP holding up okay the last few days and getting real tight here. Volume pattern is so-so but its ready to move out. The question is which way? We will find out soon enough.
$LPX pulling back 2 head & shoulders base neckline. Really like the clean setup here BUT there r couple things that could be flashing warning signs *Neckline BO on 8/25 was on low volume *That is okay if volume picks up few days after but it never did * Today's doji on greater than average volume
Here is $WIRE tighting up after its huge earning gap. I'll keep sharing them so you can train your eyes and know how to spot the next on yon your own.
$XPEV 2 month bull flag with defined pivot right around the 50 MA. $42.50 is the level to watch *vol drying up (blue box) *OBV holding strong at around the highs from the most recent run
Nice little $SQ pivot to manage risk against. Its been consolidating pretty much most of 2021 & looks to be putting its final pause before the breakout.
Someone pointed out $SONO - Nice 4+ months up w/ handle. Would turn into an optimal setup if it it can put couple of quite days right here around this level. It could go from here but I've added to the chart what kid of price action that gets me excited!
Yes, of course I see $TSLA (but you probably already do to :)). I try to share the ones that don't have a lot of eyes on them but $TSLA looks good here. Zoom out a bit, it does have a nice large base. Stick with it if you own it here.
Would like to see $AVGO consolidate above $490 level for couple more days (orange bars). What was resistance should become potential support. I've tried $AVGO before, you can see my previous buy and sell on the chart.
Came across $FSLR doing my weekend chart flipping. Love how this big 6 months cup w/ handle base is building up. * Nice large base ☑️ * Price tighting up on the right hand side ☑️ * Vol drying up ☑️ * Vol pattern confirming price (OBV at Hs or NHs) ☑️
When a stock is on my watchlist, I am often thinking ahead of what I would like to see before putting my hard earn money to work. $FIGS is on my WL right now & here is the type of action I would like to c (orange bars). Basically, test $42 & tighten up. I' be very interested!
Big constructive 5 month base on $ENTG setting up a nice little pivot right about the 50 MA. Could be the point from where it attempts a solid breakout.
I am starting to get more interested in $DASH. These tight candles below resistance are constructive. Watching how this develops in the next few sessions for a potential breakout trade.
Will be watching $BLD closely here as it continues to build its 5 months cup with handle base. Coming along nicely.
$NKE is having its 1st test of the 50 MA after that massive earnings move and continued accumulation thereafter. Worth keeping an eye on this to see if institutions will show up at this level.
$PAG is forming a 4 months cup with handle setup. Notice the multiple PP10s and PP5s in the handle indicating institutions accumulating shares.
$BEAM putting in a nice pivot/cheat area at its 50 MA. Keeping my eyes on it this week.