Stock charts and technical analysis
$SKLZ with a nice gap fill so far today. Traders still hoping for another rally in $HKD. Trading is about consistently extracting profits from the stock market, not hoping for a lottery ticket in $HKD.
$NIO breaking through both layers of resistance today on strong volume. Either $UNH bounces at $455 as it has done for the past 1.5 years, or it confirms the triple top and breaks down. Either way the $455 level is what I'm watching on $UNH. $LYFT is breaking out in [...]
$DPZ breaking declining resistance with double bottom in play. $RMBS nice bull flag breakout & retest of declining support. Needs to hold this bounce in order for the trade to remain intact. $PERI nearing a double bottom breakout but may be a little overstretched in the short-term. Some consolidation before [...]
If $AMD breaks short-term support, I would be looking for the next leg lower to start on the stock. $SPY is trading in the gap now. Nice pullback for $BYD to the lower channel band, but my big concern here is the fact that it has now made to consecutive [...]
$FVX pushing through resistance here... $EYE cup and handle forming... still a ways to go before confirming. Be mindful of declining resistance. $WBA breakout on the hourly chart out of its base. Quickly hitting some resistance though. A peculiar chart with $DY pushing through resistance and holding, so far. Rising [...]
$BTC.X remains in the early stages of its breakout. Really nice base breakout that goes back over a year. $XLV (healthcare) struggling to hold Friday's breakout above the declining trend-line. Watch for a break above $133.04 to resume the uptrend. $NIO inverse head and shoulders pattern, with multiple layers of [...]
$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 [...]
