The S&P just popped out of a consolidation zone that lasted about a week. In using Fib retracement it bounced back from its recent low up to a 61.8% retracement to the ATH before pulling back. If drawing another retracement from the recent low point of the bigger move this pullback only reached a 61.8% retracement. Given that the bigger move is between 38.2%...
Swing trade to previous highs in ABT. inside candles show it's a battle to turn it around and a breakout from here will mean it's going to continue to the upside.
IBM has been on a run due to new of them providing Metaverse Intrastructure. This pullback just looks like a big profit taking break so the inside Day from Friday could be a sign of reversal. Looking to enter on the breakout and shoot for 3:1 reward but if it pauses at the top I will move stop loss up to 2:1.
Looking at FB moving down to bottom of Regression channel post earnings. Will go long if it touches.
Basic Materials Sector is starting to wake back up. This one had good earnings and will have the push from the sector to support it's move up.
Trading on a channel. Looking for it to repeat previous run before pullback.
If MRIN gets volume again it can be over a 100% gain. had a pop in volume during the sea of red on really low volume.
Blink recently had heavy buying out of it's down channel. It was on it's way up until the FED meeting. It could be sold back out or on a pullback. Waiting to see if it will continue. Might put test shares in if it comes down to the most recent shelf and hold.
They are the lowest performer with the highest short float. Established shelf around $27-28 area with upside to $34. Oh and second cheapest stock in Sporting goods area of retail.
Acc/Dist is sitting lower while the price is up.
Long consolidation period that looks like a lot of accumulation.
Looking for bounce off 50MA and also resistance with move down to 200 SMA.
Forming descending wedge and right on top of 50 and 200 SMA.