Stock charts and technical analysis
$RBLX pullback to the rising trend-line could offer up a bounce opportunity for the stock. $DAR breaking out of its base with room to run to $51 before encountering much resistance. $CHWY Hard bounce off of support following a large gap lower this morning. Some support attempting to be found [...]
10 year yield is now testing a major long-term rising trend-line, after selling off almost two months $TNX Similar pattern continues to emerge on $PYPL, and each time it has resolved itself to lower prices here. Huge red flag if that trend-line breaks down again
$FVRR declining trend-line getting retested on the pullback. Worth waiting first to see if it will bounce or not before trying to get long on it. Otherwise it may end up pulling back to the original breakout level. $SNAP finally pushing through long-term resistance. High risk for a head fake [...]
$MARA on a gap higher like this, gotta take some profit off the table in order to reduce risk. 5-day moving average would be my key on the trade. A close or hard move below and I would exit the trade. This resistance has been strong against price when it [...]
Crude Tanking! $CL_F $SYK testing resistance for a potential breakout here. Break higher would help to create new higher highs on the existing trend-line. $CPNG attempting to bounce off of key support. Declining resistance overhead and essentially in a narrowing range since mid'22. Still room for a meaningful bounce here. [...]
$RIVN downward channel bands remain in place. Potential for a base breakout within the channel though. Careful chasing $SNAP here at the upper end of this channel band. So far seeing some push back at resistance. Better to wait for consolidation and then a break through it. Extremely overbought here. [...]
$PLTR - major gap still left unfilled, and a pullback to one of the two support levels underneath would be the best opportunity to me. $XHB consolidation prior to the the break through resistance, sets up well for higher prices with tight risk management. $IWM two hard rejections off of [...]
$TDOC Attempting to break through the 50-day moving average and short-term resistance. Key here is to watch how it is closing as it is fading fast. If it can hold the breakout level, it sets up nicely for tomorrow. Price on $SPY testing major resistance here. $GDX setting up for [...]
Continuation triangle in play on $WFG that it is currently testing a potential breakout here... some scant support underneath as well, just above $75 $CNP nearing an ascending triangle breakout here. Never worth front running these, and best to wait for the breakout to get long. $PWR bull flag [...]
Resistance on $AMZN worth watching Previous two attempts to push through have failed. $TK short-term bullish action with a bounce off of the rising trend-line and push through declining resistance $VIX sitting at a major support level, where recent reversals in equities have taken place.
Two key support levels to watch on $NVDA if there's an earnings pullback. Lower channel band on $SOFI getting tested again, without a test of the upper channel band. Watch out below if this level fails to hold. Considering the amount it has sold off during its downtrend, $CAG hasn't [...]
Be aware of the potential double top in $HES. Rising trend-line underneath, but recent bounce didn't quite come close enough to making it a legit bounce off of it. US 10 year yield breaking the rising trend-line intraday. Watch for how it performs into the close. $TNX $PLL forming a [...]
