Stock charts and technical analysis
$CBRL has pulled back significantly to its long-term support. Last time this was tested was the covid lows. Also has a +8% divi currently. $GME couldn't hold the break above the declining trend-line. $UNH Retest of the declining trend-line and subsequent bounce from there. May encounter some resistance at $515. [...]
Impressive stock market bounce, but if those rates don't come down, the rally will fizzle as well, and so far the rates haven't budged. $TNX $NEE nearing the closest thing to support at $59. Losing $70 was a big deal, but very oversold on daily, weekly and monthly charts. $AROC [...]
$AMZN unable to hold on to key support here. Still possible though, and be careful of, a bear trap here with oversold market conditions. Ideal conditions for $URA entry would be on a pullback to the rising trend-line once a bounce materializes. Buying here at overextended levels, creates a high [...]
Two rejections for the $VIX at the 200 day moving average in the last two months. $X testing short-term resistance for a possible breakout. Something is begging to break right now. $TLT is heading for lows not seen since 2007. Two Rising trend-lines to watch on $ON.
$TGT continues with another leg lower with very little support underneath. Possible that this stock continues to drop until it tests $95. $SOFI confirming that head and shoulders, with little support underneath. Next level is $6.50 followed by $5.25. $RCMT testing key resistance. A push above would create a breakout [...]
$EBAY getting a pop out of news from $BX, but this support level could be tested yet again, and if broken, I'm looking for a move down to $40. Good chance $VIX gets to test the $18 level. Long-term trend-line for $MSFT was broken yesterday, and now attempting to hold [...]
If $YALA continues this run higher, you'll want to be mindful of the longer-term resistance overhead, and not too far away. Nice bull flag in $CMPR weekly forming, and also testing the 200-day MA. Be aware though, if it starts to run of the declining resistance that goes back to [...]
Recent indicators suggest that economic activity has been expanding at a solid pace. Job gains have slowed in recent months but remain strong, 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 [...]
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 [...]
