Cannabis and $MSOS specifically rolling over. I expect a retest of the $6's. $ARM continues to trend lower following its IPO which is what is to be expected with pretty much any IPO. Best to wait at least 6 months before buying for the long-term. $MSFT pulling back to test [...]
$KLAC hitting oversold levels and testing a key short-term support level that could offer up a bounce opportunity. Rising support underneath, could also provide another. $SMH short term and long-term support so far holding up today and price is attempting to bounce off of it. $PTEN Watching an inverse head [...]
$F Cup and handle formed, followed by the potential for a bull flag. Another couple of days of consolidation here could create a fantastic long setup. $VIX hard bounce off price level support, now testing declining resistance. $AMD breaking below its rising trend-line that goes back to January. Major technical [...]
Big break this week for $AMZN weekly chart. Needs to hold this level into the close tomorrow. $NFLX support levels to watch. Very little reason for me to want to play this bounce so far. No basing taking place, and support has yet to hold. $CVNA inverse head and shoulders [...]
Watch $SLB as it pulls back. If energy continues the weakness today and in the days ahead, a bounce opportunity off of support could emerge. As $ROST pulls back watch for whether it can hold this rising trend-line and ultimately bounce higher. $SOFI working on a cup and handle pattern [...]
$URA rallies continues, best entry is to wait for a pullback to the rising trend-line, managing it as a current trade, I would be using the 10-day MA and a break below for taking profits. Could play the $V triangle breakout but some stiff overhead resistance nearby limiting the R/R [...]
Double top confirmation with the recall news on $RTX. Possible support at $75. $TSLA broke out of the triangle pattern with a massive gap higher, but be mindful of the heavy resistance lurking overhead, that doesn't make this trade an ideal reward/risk following the massive run higher today. Long-term resistance [...]
Watch this consolidation in $TSLA just below the 50-day moving average. A break above the triangle and moving average could jump start the next move higher. T2108 Update Break this key support level and $GME starts to look more like the next $AMC $GPOR with a developing bull flag pattern, [...]
$IDXX testing a key support level here. If borken may not see support until 445-453 area. Two ways to play $RYAN - 1) wait for the pullback to major support and play the bounce, or 2) play the bull flag break out. Potential destination for $DIS stock long-term. $NVAX struggling [...]
Multiple support levels to watch following the hard fade in $MSOS. Notable support at $6.75, followed by $6.20. $JNJ testing the rising trend-line and attempting to bounce intraday. If broken, and moves below $157, I want nothign to do with it. Bear flag in $AMC confirmed in dramatic fashion with [...]
Beautiful breakout in $CVX today, and through resistance and the 200-day moving average. $ZM getting excited about what another variant might mean for the stock. Breaking through resistance today, but I don't have a lot of confidence in this moving lasting. Watch for converging support levels to come into play [...]
$AMD breaking out of the declining channel. Incredible strength despite a difficult tape today. The play for $BKR is playing the bounce off of the rising trend-line. Gapping today above breakout resistance, watch for a pullback to the breakout to try getting long. $CE resistance getting tested as price is [...]
