Watching NYSE:NOW this week for a short position. The second top touch of the channel was super recent so its not a super strong resistance. However considering it runs parallel with a strong underside of the channel it gives me more confidence. If we get some confirmation to the downside we have a good amount of room to the downside.
NYSE:ABBV looking like a nice potential short coming soon if we reject the top of this wedge. Possible rejection down to the previous resistance turned support flip. Next level of course is the bottom of the wedge.
Will be watching NASDAQ:MSFT this week for a short opportunity if we reject this upper trend and overhead resistance. Classic ascending wedge pattern could play out to the downside in the next few weeks. Watch for a break to the upside of the wedge for invalidation and a clear rejection for an opportunity to go short.
Been watching NASDAQ:PTON in this channel for a few weeks. Great place to go long if we can hold the channel with a potential move to the top of the channel. Will be watching this week to see if we can hold these higher lows and make some money.
NASDAQ:PTON had some great profits during COVID and then the recalls hit them hard. Stay disciplined traders!
NASDAQ:INTC looking like a potential long as we come into this breakout level.
Looking for a retest of the breakout level or possible a touch of the discount area for a bounce and move higher. First target would be the top of the downward channel. If we can break that channel we have room to move higher.
Lots of room to the bottom of the channel as well so...
