NKE Hourly| Broke out of cup and handle and close to completing the ER gap. Currently in a flag/pennant right now. I set my alerts above and below the flag.
Resistance is the 50D moving average which is close to mental number of $160. If we can break above $160, my fib levels above are $162.88, $167.94, and ATH of $174.38.
WMT 4H | I like the way $WMT is looking. Setting my alerts for a potential breakout in the upcoming weeks. Potential call ideas is $145C 8/20 expiration.
Current Price: $140.82
Support: $139.91, $138.20, $136.78
Resistance: $141.02, $142.20, $143.25, $145, $147.85
$TSLA started breaking out of this triangle last week.
If we clear $630 and $635.59 - TSLA can fly to $670.
20MA is above the 50MA on the 4H time frame is bullish.
We need the market indices to cooperate, in order for this TSLA breakout to continue.
The $SPY is in a very trying area.
The last 6-7 times we moved at/below the 50 moving average, we were able to bounce back up to new highs.
Bulls needs to reclaim the $419 area. If we can't bounce from this level, would not be surprised if we see $412 and $405-406.
$NVDA recently broke above this descending channel. With ER coming in 6 days, I will be watching closely for a continuation higher leading up to ER.
Today, we closed closely above the 61.80% fib level of $587. It is critical we hold this level, if not - a minor pullback/support at $569 - $571.90 would be a good retracement.
If we move higher, we will climb to...
Apple is in an interesting level here, we tagged the 38.20% level. We are pretty oversold on the RSI. I'm expecting a bounce here but wouldn't be surprised if overall market sentiment overpowers the direction of the trend.
$BLNK 1H | GM announced they have signed agreement with 7 major charging providers including $BLNK. Waiting for a potential breakout above $41.
Current Price: $37.92
Support: $35.60, $32.70
Resistance: $40, $41, $43.60, $45.50, $52.41
-SNAP 4HR | SNAP looks good to move higher this/next week. Eyeing the $60 4/30 Calls. Planning to swing this so a bit risky.
Reason 1: Sympathy play with $FB $TWTR $PINS reporting earnings
Reason 2: Inverse head & shoulder on large time frame
Resistance: $62.29, $63.64, and $65 level
Support: $57.24, $55.75
UBER 1HR | Really liking the symmetrical triangle it's forming. We may need 1 more leg down to $56-55.12 before heading back higher to $60 level.
This morning, we saw more flows for UBER $60 4/30 Calls.
Target looks like a Bull Flag Pattern. Target is currently at the $200 level. There is a hard resistance around this $201 level (as you can see, we have failed to move above it previously 3 times in the recent period). If we are able to hold this level and with more volume, the fibs indicate a breakout to $210 is possible. However if we can't hold this level and...