looks like spy saw a rejection from trend resistance/RSI resistance once again, also about to break my put trigger and local trend support. all bearish signs, we can target 378-371-365 in the short term if the trend continues! please dont forget to like and follow if you enjoy my analysis, thank you ❤
approaching extreme trendline/RSI resistance from 5+ years ago, i expect history to repeat and we will see heavy rejections from resistance!
not touching longs until we hold above trend resistance for a week or so, for now we can expect downside to 24-26 support areas.
last time we saw the pattern break to downside a 5 dollar dumped follow, looks like its having the same exact setup again! lol, targeting support zones before next leg up.
also had a big rejection from cluster resistance area, most likely heads lower for now! my short term targets are 8.57-7.61-6.45
broke previous 52w high and trend resistance areas in one go, very nice breakout here! also look at that buying volume, no signs of weakness for months there. next targets are 34.3-39.8
longs should trade with caution, support now acting as resistance and not many signs of support now!
still below RSI/Trend resistance, so technically still in a bearish downtrend channel. Above 398.34 we will see a lot more upside, 4th rejection from trend/break below 382.45 will send it dumping back to trend support please dont forget to like and follow for more, thank you! :)
solid consolidation, lovely bounces from trend support line as well, nice increase in buyer volume lately! all we need is clear break past 16.49 now and we will have a parabolic breakout from consolidation to 19.48-22.40-30.66
looks like we may see another bounce from trend support, also holding 1 dollar psychological as support, some bullish signs! my short term targets are 1.67-2.25-3.04
break of this area will be very bad for longs, but the last two times we hit this area we saw a bounce of 100-600% shortly after! I will be watching this area closely next week.
watching for break past 35.76 for all time high breakout confirmation, after that we can target 40-49-59 rejection from this area can send it 21-25 area though! trade carefully
I wouldn't get too bullish here until we break back above previous trend support and 100.29 area, for now i think its better to stay away from Disney!
onn the break of 313.61 we can target 341-388-433 .. break of 250.30 support/trendline support is my short trigger
Bearish short term bullish long term on this setup, i think we may see a short term bottom once it reaches 120-130 area.. lets see what happens! like and follow if you enjoy my analysis, thanks ❤
double top, rsi resistance, lower high and low volume in general! hard to be bullish on this name right now. watching for move above 221.80 for longs, failure to breakout means a move to 152-119-86 may come in near future.
I believe we are seeing small rally due to recent increase in covid cases, short lived rally IMO. long trigger is 128.85, im pretty bearish as long as we stay below these resistance areas though.. my downside targets are 107.23-94.87
it is about to break this local TL resistance area, once we see breakout confirmation we can target rejection from trend can send it back to 6.2-7 supports