$FB has room to volume with Friday performance along with the rest of last week’s. The name is getting weaker and weaker as it continues to make no changes to its platform to support a movement. Turn advertisers away from the platform to something like $TTD, $ROKU and others.
$AMZN weekly showcases a shooting star which is comprised of this past weeks daily piercing line and bearish engulfing patterns. A break at this daily trend line, leads to a pivot point challenge and potentially lower lows.
ROKU is challenging some major resistance at 132.19. Once that’s cleared, 139/140 is tested before $150. A daily hold over the first major resistance line is bullish. Calls should be in the 140-150 range.
$ROKU is bouncing off a longer term trend line as well as the 50% fib retracement from Feb 14 2020. Break below leads to fill the gap at 97.32 and possible 86.84. Bounce above with higher lows leads to 117.91 and 78.6% fib.
NFLX is falling into a daily triangle (small and large). Biggest range showcases a head and shoulders. A close below 423.72 is bearish unless we get a higher close on Monday. Eventually a bearish case take us down to the 61.8% fib, lowest triangle TL, or 393.83. Close above upper TL puts back to test 100% fib from March retracement or 458.97. Anything past that...
ROKU has been moving down over the past 3 trading days and seems to have set up a base at the lowest fibonacci retracement level. Over the next couple trading days we could see a move back up to 86 but we may see some turbulence at these blue line marks.
Ethereum looks like it may test the 23.6 fib retracement before taking off higher. Very short term trade opportunity coming up within the next few hours. If it breaks below we’ll see a new low with the continued downward trend.