Modus777

Modus777

Last Friday the DJT bounced off October's gap up AVWAP and is looking to bounce off of these levels. It currently finds itself below the 20 day MA but above the VWAP mentioned before. If price is offered below last week's lows, then it's probable that it will test the 50 day MA, which could prove to be a resting area. Below the 50 MA has proved to be an area of...

Modus777

Another wedge has presented itself and it looks almost ready for some more upside. Currently between the ATH VWAP and the 8MA after the large bearish reversal on the 28th, with price action right below the POC. Demand above should present itself above both key VWAPs that have begun to move closer together. With relatively low IV, a strong move will present itself...

Modus777

As the title reads, accumulation has taken place for a long time, basically for an entire year. Breath in the directional indicator shows a small whammy to the upside (DI over 25+ will confirm the move) last Friday when Atomera turned green on the day and was rejected by the ATHs VWAP. This VWAP level will prove important this week on whether price is kept below...

Modus777

After almost a year long of consolidation and flagging, Centrus Energy Corp moved impulsively on August 30th and begun flagging again for a larger move up. Backed by Uranium spot prices increasing due to physical accumulation, LEU held strong in range despite the market downturn as of late. Last Thursday and Friday LEU showed relative strength moving to highs not...

Modus777

To keep it simple, a short term trade to the upside is best over the monthly high, 102.68. Over that level, DELL should run to test the ATH. Flow positioning shows short term bearishness whilst long term remains extremely bullish. DELL looks ready for a run up towards ER in November. The daily flag looks strongly supported by Feb VWAP as well as April's gap up...

Modus777

ASTS is in the middle of an impulsive move since August 20th that doesn't look to be stopping any time soon. At first glance, we can tell that a bullish cross over the MAs is inevitable very soon, with 8 and 50 day MAs over the 200. The move was also heavily supported by bullish flows. I would like to focus on 2 important points that will be pivotal (excuse the...

Modus777

California's prop 22 was found unconstitutional by a supreme court judge late last week, news that were sort of expected since the bill already had plenty of discrepancies. Despite the news and what that means for UBER specifically, I am more interested in how this stock has moved since the bill passed. Pretty noticeable at first glance, despite missing EPS, on...

Modus777

Over the last 4 quarters AVID has beat EPS estimates every single time. AVID shares have added about 130%+ since the beginning of this year and quarterly revenue was up by 20 million more than estimated. The main reason for the recent sell off was the slowing of subscription based plans that were up massively in the first quarter of this year. This was expected,...

Modus777

Today was the first time in a long time (probably 2 months ago), as reported by @Fredbenz0 , that AVID caught some unusual action on the 35c expiring August 20th. Even though it seems like the OI flipped on these 200 sized blocks, the bullish action is not far away from what this long set-up is about to give us. It seems that a period of consolidation will follow...

Modus777

BABA ended the week strong with heavy call volume near Friday's close. Since last time I charted BABA, it dipped into my buy zone near the fib level and bounced fast. Notice how it bounced off the Oct VWAP from last year. Also notice how the weekly high is the 21 EMA, which is telling of this swing. Without an active sequence, it will be hard to tell as of right...

Modus777

I have noticed a lot of bullish sweeps lately trying to guess the bottom here. There is a descending wedge forming on the weekly chart that has become an issue if it continues to drop under the buy zone that I have set below. My buy zone is based on the retracement level that coincides with the highs in 2018. As these sweeps kept coming in, the 2022 LEAPS caught...

Modus777

AVID continued it's trend higher today putting in a higher high in the last 52 weeks, fast approaching an important level put in years ago. The 1.618 fib level matches that level of resistance and should slow down once it reached that target, allowing indicators to cool off. The second important level above is 48. I would like to see those lower 30s hold in order...

Modus777

All time highs today after that morning shake-out. Looked a little bit weak at first but came back strong and held the EMAs. A close above 2430 was the queue for a larger move towards 2450 as it cleared the 1.618 Fib level and confirms the continuation of the impulsive move upwards. The open tomorrow should tell us if this was just a test of the highs or if it...

Modus777

MSFT printed today an inside day and has cooled off after a strong bounce since Friday. I am eyeing the top and bottom gaps as interesting levels, although I believe we will continue swinging towards that 1.618 fib level after the previous flag. Indicators are taking a breather, but if CPI numbers are good and TNX stays low, we could see a stronger tech rally now...

Modus777

Today NVO got over resistance and did not look back. I noticed some bullish sweep call flow today that caught my attention. The 2022 dated calls had a low OI. It gapped up today at open with strong conviction. I am planning on entering a trade at a dip near today's gap placing the 2.618 as a target. I'll be looking at the 78-80 area as a possible stop loss in case...

Modus777

Today TSLA broke a support level that saw it sell off close to a 6% for the day. On the daily chart, Tesla has printed 2 bearish reversal candles that have indicated strong supply near the 20 and 50 day moving averages. This is further confirmed with the daily candle going under the September 2020 lows anchored VWAP. Interestingly enough, even though the chart is...

Modus777

Really like the fundamentals behind this company. Did some research over the weekend and I like what this company is doing. Still trying to find itself after the recent IPO but the levels are quite simple. The daily purple lines indicating clear support and resistance. Friday closed RIGHT at IPO price so we will see what this week offers. Buying pressure is...

Modus777

ABNB was hit hard this month but might start seeing some recovery in the coming weeks. Big dark pool prints came in last week along with bullish calls. Whether it's a momentum play or something larger we'll see soon. The purple lines indicate strong support and resistance levels. RSI looks like it wants to sell off a bit more before any recovery happens. So far...