NYSE:XOM is forming perfect cup & handle pattern. Its move could be toward 64-65.
Is NIO setting up Elliot wave 5th? I'm convicted. Base on this technical someone can buy here with SL: 48.44 & with a potential target of 77-79. Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational purposes only. All advice is based on technical and my own opinion.
GDX next potentail resistance 37.58 & 39.2. Its signal line is nearing to cross MACD line.
NASDAQ:MRNA technically setup for U-shape recovery and it has some positive news related to variants of the coronavirus in laboratory tests. The first resistance could be 169. Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational purposes only. All advice is based on technical and my own opinion.
Using measure move technique. NASDAQ:MRNA next resistance could be 235ish (166 + 66)
BYND is fighting on 145 resistance and trying to break that. RSI is taking upward momentum and low volume is showing fewer folks are leaving this stock. This likes to go to the next resistance area 161-162. If it breaks that resistance and enters back the upward channel (blue dotted lines) then it has the potential to go all-time high. Only it has weak support...
AIG technical setup for next gap fills around 47.7. PnL: 14.6:3.68 - Buying Point: 41.57 - Potential Target: 47.7 - Stoploss: 40.07
UPWK gap up today with nice volume and stay above the resistance 40.61. MM (Measure Move) for this breakout play is 55.46 price target and with stop loss is 36.77. PnL ratio: 3.87%, about upside 36% and downside 9%.
NASDAQ:DOCU has multiple tops around 250 area. As per the trend, bulls are coming harder and lifting the price again. RSI & MACD showing bullish signs to me. Let see this time 250 area get breaks.
NYSE:SNAP keep testing its resistance area. If break 53.9* area and stay close above it. It will be a buying opportunity in that case. Measure move target will be 63. in that case.
Breakout on high volume, support is 431.12, target: 474, SL: 414.79. PnL: 10:3
Stock bounce from its support yesterday and today showing some momentum. It's making higher-high, MACD &RSI both showing the bullish signs from a technical perspective. Please consider senate election news catalgy as an impact on the over the market. Disclaimer: I"m NOT a financial advisor. All trades idea are shared for educational purposes only. All advice...
NASDAQ:LI has retested the Nov 12 Gap and bounce off from that support zone. Potentially a lot of buyers bought this support throughout the day. Even end the day that is some big buying was happening (if look at 5 mins chart). Plus Relative Index side also gained some 4 points. This chart in fact to me looks similar to NYSE:NIO support zone 38.7. The only...
Another stock that is stuck in a symmetric wedge or if I say pennant pattern also. For long play, once it breaks above the wedge, it can move to ~ 41. To protect losses for long play, the red solid line should be treated as a stop loss. Also, it's holding 20MA (green line) which is giving it a bullish sentiment. Disclaimer: I"m NOT a financial advisor. All...
After the triple top, PYPL has breakout its 212 resistance and the next resistance per measure move is 241 => 212 + (212-183).
Nearing its wedge support let see if holds this.
Setup shows U shape recovery and stock trying to break out. A huge volume indicates the crowd is anticipating a breakout here. Then room to go around 169 as per measure move. Wait for breakout, retests and holds support to confirm. The only concern is on RSI is enter into the overbought area. Buy Area: 139 PT: 169 SL: 129.37 Disclaimer: I"m NOT a financial...
AMD holds its recent strong support 73-74 areas, bounce back from there and moving uptrend. MACD also pointing bullish. Once it clear 88 its should go to 94 about 13% up from current price. Stoploss could be 79.25