Based on the price pattern, longer term support levels, shift in sentiment and SMA backtesting during uptrend I would expect to see FIVE at around $117 within 2-3 weeks.
Falling wedge had a height of about $15 from the formation and on these three efforts back testing, 20 session SMA cross overs resulted in an avg gain of 15% during the uptrend which would put...
WFC is in what I believe will be an inverse head and shoulders and I like long dated LEAPs or stock buys and hold with a stop loss at $24. Great R/R if you can hold for a long while; trading at 57% discount from pre COVID highs and the RSI is beginning to show less extreme red days and this support zone seems to be a good one for a bounce 👍
For AAPL this is what I’m seeing personally. I see a bullish triangle and the low volume consolidation which is key as the triangle tightens before breakout.
A few things:
-bullish triangles are definitely bullish patterns so I’m bullish above 321.00
-the CMF is increasing along with price which makes me feel strong about buying and sentiment
- while buying is...
ORCL has made great moves within its longer term bull flag and has formed a nice hidden bullish divergence early which led to a bullish triangle that I believe will be the setup for bullish breakout of trend! The new triangle support giving us a good place to be bullish above and working with our bullish expectation for the bull flag breakout.
NOW has a few options but in my opinion - all are bearish. The first is HNS which as we know has a heavy bearish bias.. the second option is a triple top and/double top depending on the next trading session highs. This is a great channel with consistent bounces at highs and I expect it to break to the downside below neckline support. Note the three cases of...
I’m waiting for long opportunity for **CLVS** but although it’s down $3 since ER I want to get the best price possible for my long entry and on the daily this is a great example of a double top.
Too often *double tops* are used in the wrong sense (just two high peaks over any timeframe) but they form after an uptrend when price consolidates sideways in a channel...
TSLA is in a diamond top formation (slanted HNS forming and the oscillators are disagreeing with the rising channel it’s been gathering support from. Expecting to see a move downwards shortly if it stays below 826 price level.
BYND is in a rising channel and showing weakness which will be further confirmed when we see downtrend develop confirming a lower low and lower high. BYND has been trading sideways with weak volume which is customary before a breakout but I would expect a break to the downside in next two trading sessions below 145
AMZN is nearing two key resistance levels but has some great strength going into this week and a few strong support lines where I would expect more buyers to flock in. This will be a fun item to watch!