Charts + Technical Analysis

Massive triangle $DOCU not to far from its all time lows. Formed a double bottom in the very short-term but that pattern is simply part of the much larger triangle. Pullback on $NIO could be targeting a retest of multiple breakout levels underneath. Watch to see if either provides a bounce going forward. $PLUG pushing

Recursion Pharmaceuticals (RXRX) Perfect example of why you shouldn't FOMO into a trade at the open. Traders down more than 15% since the open. Risk/Reward can't be managed. Kinder Morgan (KMI) breaking out of a short-term ascending triangle but worth being mindful of declining resistance overhead and nearing $18. Ascending triangle in Amazon

$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 (NIO) breaking through both layers of resistance today on strong volume. Either UnitedHealth (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 (LYFT) is breaking out

$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 the breakout would be ideal.

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 lower-highs following a bounce. $DWAC

$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 trend underneath to provide an

$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 resistance overhead that needs to

$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 really nice base formed over

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 of steam and back to