Bullish pennant testing resistance trend line. If we can break to the upside, we can retest ATH of $0.05.
If we fail at resistance, we can retest support at $0.013 and then see a retest of the pennant breakout.
DKNG has been consolidating for some time not. If it can break to the upside, we can retest the ATHs.
Watch the trendllines being broken to either side.
If we see price come back to support trend line, this can be a great opportunity to enter. Otherwise, wait for the break to the upside and the retest of the resistance as new support.
IDEX consolidating right now, and looking to break either direction. It has some support $2.28 that it needs to hold if it's going to move back towards previous highs. If we can break to the upside, then we can test the high of the range we've been in since March 2021 of $3.42.
If we can't hold the $2.28, we can see a breakdown to the $1.70 area.
Keep an eye on...
AAPL is creating an ascending triangle with a resistance of $136.84. Let’s see how many times it needs to test before it breaks out to the upside. Upside PT of $144 (1.236 fib) by August and $156 (1.618 fib) by October. Needs to hold support of $125-127.
PODD has performed really well over the last five years. And if they can continue to capture market share with Omnipod, then they should continue upward assuming no hiccups or missteps in R&D.
After its last earnings report in May 2021, stock price dropped about 25% on missed earnings per share. But it’s increase in revenue YoY is definitely promising as long as...