ABBV NEEDS to start holding support now if it wants to continue higher. it is buyable as of now, BUT, if we start breaking the swing high (labeled with a red line) this will be in trouble and could see a drop down to sub $120.
Id be very cautious on being long on Tesla right now. Theres better stocks out there right now to be long on. Tesla has a large zig zag behind it, which has a high likelyhood of pushing prices a lot lower. If we start failing now, and cant hold this current zone, and even breaking 150$ is the last straw, this stock is toast and can see a drop to 120-100 dollars....
apple should start to fail here if this market wants lower, THIS IS A KEY ZONE
these are the zones now that i am using to short spy and get a move down to 509 and below.
if spy can come up into that zone, that is a shortable set up with the stop above the highs (red line)
bac long at this zone. should hold here. looking for targets to the upside on this one.
short set up. a move up into that zone should produce a move down.
as long as we hold this zone, nvda is continuing lower from this exact zone.
Outlook for tomorrow, we should hold this zone as resistance and continue lower to targets.
if nvda wants to continue lower from here, i have drawn out the zone it must hold if it wants to keep the trend of this degree intact, reaching targets of 1,000+. However, if we do not hold this NVDA is most likely in trouble with prices having a potential to retrace back to $400-$300 area, and if we can hold from there we can see targets of $1500+ Please note...
bounce into that zone should produce targets if this trend is still intact, 1-4 risk reward ratio. Good trade to look at.
potential wave e of a triangle in play as long as we can hold right now this makes for a very small risk for a high reward trade..
bounced off nicely at the zone, I expect $50 in the coming 2-3 weeks.
As long as we can hold this zone i expect a nice bounce off it.
Walmart should find support soon at this zone and this is the zone where I will go Long for targets of 62.84 to 63.50. Once we get a bounce Ill be hedging as well so either way money will be made despite what way this stock goes....THE main trade, however, is long bias.
We should hold this support here and continue our trend for long, reaching around $36+ as targets.
This zone is resistance on the 30 min chart. It should bounce off it to go to longer term targets of around $21.