BIDU looking to pick a direction this week. It has been consolidating last week but a push over 216 can go to 228 while a pull back to 208 can go back down to 200. Watch what it does on Monday and consider a short term trade to one of the fib levels.
$DM - Started reversing from the double bottom with an oversold Stochastic. Desktop Metal is a solid fundamental company as they are industry leaders and are more efficient than their competitors. Fair value targets are ahead of the current price, and the huge pull back from the highs has created a solid entry for the long term. If it can break 19, it’ll go to 21...
TSLA turned this old resistance into support last year, and it may be looking to respect it on this dip again. If the market rids its fear and the stimulus rolls out soon, I would say it's surely bullish. Just watching for now though. The MACD is ready to cross on the 3hr but it is still very low while the Stoch RSI has been ranging in the oversold territory....
CRON bouncing off support with bullish MACD and daily Stochastic momentum. Weed stocks are likely to reverse in the coming weeks, especially as the market as a whole reverses. If it breaks $10 it can go 11.6+ . Bearish under 8.9. IV relatively low, so go with a debit play.
AAPL: Apple has been a sleeping giant for quite some time now, but many catalysts are rumored to be coming in the near future (Car/Crypto). There is a lot of support at the 127 level, which Apple bounced off of on Thursday. It is likely to come back down to this support level again, as indicated by the Stochastic RSI and MACD, but when it does, it will likely be...
ARKG - great long-term stock to have, but using TA we see that it is likely to fall below the 107 level (also a fib line here). It has been following a 5 part pattern since December and has been trading in an ascending triangle. According to the Stochastic RSI, we are likely to see a small pullback (from 2 to 3) before rebounding upwards. The key level upwards is...
EV company that’s been trading within a triangle this year and has industry potential to skyrocket. Volume has been accumulating, and there is a large cash flow for OTM calls. The RSI is soon its way up while the MACD is about to reverse, which are bullish signs. If there is good news, this can break above the triangle and make new resistance. The ideal entry is...
