Stock charts and technical analysis
$BAC well formed triangle, could see a breakout of the pattern next week if the financial rally can continue. $SPOT ascending triangle in the short-term nearing a breakout. $BB second attempt to confirm the inverse head and shoulders. Going to be difficult to manage risk on this stock, but a [...]
Some short-term overhead resistance forming that $VRTX is close to pushing through for another breakout. Caution though is warranted as is the case with any biotech. $CCJI'm not quite sure what will happen with that one. Pulled back to price level support, but could ultimately seeing the bounce run out [...]
$SNOW with a strong move initially today, but still getting rejected at resistance. Can't seem to sustain a move above it, just like the previous 4 times. $ZS potential for an oversold bounce, but so far struggling. Push below support nullifies any bounce attempt. $OSTK approaching a major resistance level [...]
$ESMT break of declining resistance today, and push above the 200-day moving average. Keep an eye on major resistance above going back to December '21 $AAL breaking out long-term resistance today, with strong sector/industry leadership. Bull flag watch for $TSLA. A little steeper than I'd prefer, but may work with [...]
$PFE attempting to put in a double bottom at the lows for May. $AMD filling that gap, with little support underneath.
Strong move out of $SNAP today, but needs to clear year-long resistance in order to breakout and fill the gap to $15. Not a lot of support underneath on $CVNA, so I would be taking this sell-off serious, and looking for a potential landing spot in the low-to-mid-$18's. $BTC.X clearing [...]
$VIX hitting declining support here. Have seen a few bounces, but nothing substantial of late. $ABNB testing price level resistance, nice consolidation underneath. Watch for channel resistance on $EXPE even if it does manage to break out of the bullish wedge. $ENPH with a hard rejection at the broken trend-line. [...]
$BTC.X nearing a breakout through year-long resistance. $SOFI coming up on a key support level at the 38.2% retracement level that it will need to bounce from, otherwise, likely looking at a 50% retracement in the $7.30's. $PAYC rejected at the declining trend-line, now retesting support at the breakout. Watch [...]
$ACI nearing a break through resistance that hasn't been broken since last November. Huge gap that remains unfilled. Very overbought at this juncture, but still a promising chart to keep an eye on. Tough to play that breakout level on $LHX at $190 with that declining resistance in play still. [...]
$ENVX inverse head and shoulders trying to hold the breakout into the close. $AMD with a potential retest of short-term support, that if broken, likely leads to a gap fill. $HOOD holding up well following its triple bottom breakout this week.
$RCL reaching major resistance following an epic 1.5 month rally. Caution warranted here. Textbook inverse head and shoulders pattern playing out on $WTAI. Hardly a hawkish pause by the Fed as Post FOMC $VIX rushes for the 13's again.
Recent indicators suggest that economic activity has continued to expand at a modest pace. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated. The U.S. banking system is sound and resilient. Tighter credit conditions for households and businesses are likely to [...]
