Green dotted line at $84.83 is the horizontal support in the new trading zone;
Redline at $82.66 is the Point of Control(POC) for the volume profile, meaning $82.66 level has been traded the most;
And $78.23 is the horizontal support for the previous trading zone between $78 and $84.
JD recently has been trading in a local downtrend tunnel highlighted in the...
Nio very near the previous trendline in green. expecting Nio to break the recent downtrend in dashed redline.
There might be some smal resistance around $45, co-inciding with fib 0.382, but a mid term price target of $50 coinciding with fib 0.618 is very reasonable.
BIGC on watch for a breakout.
new demand zone formed just below 70 and BIGC just had a strong trading day, attempting to break out from the downtrend.
MACD green bar is a good indicator.
Enter play after a breakout confirmed by volume, PT1 $78 on fib0.5 and PT2 at $86 for a full recovery.
Russ2000 recover at a much more rapid pace than SPY from Sept, broke out from its October high and Feb highs before COVID-19
200SMA has flattened and 50/100SMAs are both sharply pointing up, expecting w/ the PFE vaccine news, we can expect a very bullish run from Russ2000, outperforming the other 3 major indices.
QQQ has been trading and testing the trendline last week.
QQQ & NQ were among the weakest in the indexes last week, but the breakout is over due. I don't anticipate QQQ to return to the august high, but we can expect
QQQ to breakout with SPY together next week and return to its...
S&P finds support around $355, reached the price target from last week of 357 multiple times.
Post-2016 election we had a very similar breakout and retest from the previous high. In 2016 that took about a month to mature, and in 2020, w/ the news from PFE , we accelerated the process, but I expect the history will repeat itself and we will have a nice bullish run...
Williams %R Oversold Bullish Crossover:
JD is currently oversold, and momentum is showing signs of a trend reversal.
JD already gapped up above support, expecting JD to hold support level and run up towards ATH
Logitech benefited from COVID, webcam sales surged by 258%, and upgraded its projection Y21 outlook to 35-40% growth from 10-13%.
The selloff from PFE's vaccine news is definitely an overreaction, and CCL has a bullish cross over 20MA and $81 support is tested.
Multiple levels to play on LOGI, short term target: $85 - $90
FVRR oversold from the vaccine news. FVRR's momentum is showing signs of a trend reversal. FVRR closed at a previous resistance level, we need volume to confirm a breakout above the 166 level.
Short term price targets:
NIO has very bullish indicators, continued high volume, TTM squeeze and MACD still shows there is room to run. Short term target, expect to NIO easily recover back to $43, and an extended pricet target $45.86