Careful with $HOOD right here as it is testing some signficant resistance from 2022 with the upper channel band. . $SHW attempting to push its way out of an ascending triangle. Significant support at the 50-day moving average. $COIN not a trade I would chase here, but certainly remains a strong momentum play if already
$MA Continuation triangle in play here, and holding strong despite heavy market selling today. . $ALT Inverse cup and handle forming, and testing confirmation here. $JPM bearish wedge formed and testing rising support here. A break below $172.90 would confirm the bearish wedge here.
Two day pop out of $VIX following a test of rising support, but still range bound and doesn't mean much in terms of future direction. . $AI descending triangle breakout, following a non-stop, 25% move off the lows of the pattern, making it a difficult one to tightly manage the risk on. Double top on
False breakout on $T long-term recently, and difficult to get bullish on it while this multi-year downtrend persists. . $AMGN pullback looking to test support at $285, watch for whether it can base and bounce. Possible $GEO finds support at the rising trend-line, which still has room to fall before testing, but heavy volume pouring
$TNX nearing a breakout again, watch as it approaches the 4.2% area. . $MARA price action will be heavily dependent of Bitcoin price action going forward, but technically, MARA weekly has very little resistance until the low-$30's. $HAL so far holding the rising trend-line, but would prefer it make a higher-high first, before retesting.
$TSLA broke declining trend-line, but also holding the rising trend-line off of recent lows. Room to run as high as $206. Break back below declining trend-line would spell trouble. . Upper channel band on $PLTR in play. Why I never swing trade earnings: $SNAP
$CEG trading in a perfect channel since inception. Tested the upper band yesterday, but couldn't push through. More risk lower than reward higher here. . $ALB declining trend-line off of December highs, followed by a break in short-term support to new lows. If looking to short this, I think time is on your side to
Ideal entry on $VNOM would be a bounce off of its lower channel band. . $PLTR heavy fade back to the lower channel band. With earnings today, it becomes a high-risk trade to paly any bounce. Bear flag on $TSLA confirming to the downside, with additional continuation today.
Energy $XLE has the potential to shine here if it can break out of this declining channel. Some much needed consolidation this week. . $XLB tight and well constructed bear flag in the materials sector and toying with a confirmation over the past couple of weeks. $ALB huge support going back to November, with bounces
$VIX still has this massive base from November ongoing. Two attempts to breakout of it has been quickly crushed. But potentially setting up for another attempt here. . Bull flag breakout on $CDNS but the history with the upper channel band is a concern, considering the # of false breakouts that have occurred.