Stock charts and technical analysis

Trading Notebook: $DOCU $NIO $PLUG $CVX

2023-07-13T18:38:53-04:00July 13, 2023|

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 [...]

Trading Notebook: $RXRX $KMI $AMZN $GOOGL

2023-07-12T16:32:15-04:00July 12, 2023|

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. $KMI breaking out of a short-term ascending triangle but worth being mindful of declining resistance overhead and nearing $18. Ascending triangle in AMZN that has [...]

Trading Notebook: $SKLZ $HKD

2023-07-11T17:06:11-04:00July 11, 2023|

$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.

Trading Notebook: $NIO $UNH $LYFT

2023-07-10T16:53:01-04:00July 10, 2023|

$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 [...]

Trading Notebook: $DPZ $RMBS $PERI $F $RDNT $ROKU $AAP

2023-07-07T16:37:45-04:00July 7, 2023|

$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 [...]

Trading Notebook: $AMD $SPY $BYD $DWAC $TNX

2023-07-06T16:56:52-04:00July 6, 2023|

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 [...]

Trading Notebook: $FVX $EYE $WBA $DY $Z

2023-07-05T16:34:54-04:00July 5, 2023|

$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 [...]

Trading Notebook: $BTC.X $XLV $NIO $LCID $TSLA

2023-07-03T20:51:59-04:00July 3, 2023|

$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 [...]

Trading Notebook: $BAC $SPOT $BB $NKE

2023-06-30T17:18:59-04:00June 30, 2023|

$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 [...]

Trading Notebook: $VRTX $CCJ $LMND $SLM

2023-06-29T17:42:41-04:00June 29, 2023|

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 [...]

Trading Notebook: $SNOW $ZS $OSTK $XOM

2023-06-28T17:26:22-04:00June 28, 2023|

$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 [...]

Trading Notebook: $ESMT $AAL $TSLA

2023-06-27T16:42:13-04:00June 27, 2023|

$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 [...]

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