As title, ETSY has fallen down badly and now rests below its 200 day sma which it must take to stop a further fall.
Out of this stock for the time being but would rebuy once it shows ability to hold 200 day sma as the last time it was under it, it stayed there for a bit of time.
PAYC having a rough time after momentarily moving out of its downtrending channel but only temporarily. This has been falling pretty fast and might fall all the way down to the lower channel line before some proper support comes in.
DHR has had a great run up (as forecast as per my previous ideas) but now looks a little tired and in need of a small pullback to gather some bullish support.
Pulling back to highs of 247ish to then form support could be very soon and a healthy move.
DOCU looking very dire, if it doesn't hold this support level, a big fall is likely. Popped back up today after futures took it lower. Needs to show it can stay above..
In the near-term this has a) gotta hold support, and b) regain averages and then c) break downtrend set back from Feb.
FOUR got sold off pretty bad and retreated quite a fair bit from recent highs.
Tech sell off took this below but seeing this might be able to pull off a return to get back in its up-channel & regain its 50 day sma.
Not looking good at all. Doesn't look like it's going to hold support at 13,600 and thus a fall down to previous supports of 13,000 is quite likely - although if there's any life left in tech, we might see a little bump in attempt to regain 13,600 before a straight up fall down to 13,000.
Double top formation looking pretty bearish.. everything not looking so...
What's next in store with MO? From the long term chart we can see it tried to breach resistance but was dealt a bit of a fatal blow with recent news:
Question now is will earnings take this up again to resistance or back down to support?
PTON in critical condition, in my eyes. Fallen through long term support lines, 200 day SMA, and dosent seem undeterred to tick longer.
Out of this world earnings might be the only thing to stop this ol' beast slumping further.
PENN fell through pretty vital support back at 98, and now has slumped down and trends above it's ultimate long term trendline:
Perhaps earnings is what this needs to boost it out of this downtrend since Feb. Earnings that aren't great might lead to quite a fall...
QCOM has been trailing in attempt to regain it's 50 day SMA. Last few days it's gained it in time for it's earnings release.
They posted pretty great after hours earnings, so I'm expecting this to jump. However it must clear and hold above 141-143 region where there may be a lot of selling/profit taking pressure.
BA broke down through its multi-year downtrend line, after resting above and relatively keeping it's weight.
Can only hope it's a recent dip below like last time?
Still bullish with BA as the world begins to reopen.
Bit dissappointing to see TTWO take it on the chin after its recent run up, as it's now having a bit of difficulty regaining its 50 day SMA. Probable scenario now is to dip back down to the 200 day as a retest.
All eyes on PTON today to see if it can hold it's long term uptrend line or whether it'll crash through it on the back of the treadmill issues:
Sentiment would definitely shift if this goes down through it, as it's it could very much so go through its 200 day sma aswell - last few times this has held up relativlely okay so...
ZM seems to be in a pretty bad position at the moment. Struggling to gain much traction above it's uptrend line set back from March 2020:
It's well under key averages for some time now and showing not a great amount of strength.