Trading Notebook: $PXD $HOOD $AMC $NKE $PRGO $FANG
managing to hold support with a decent bounce today.
Be aware of the heavy resistance at $10 on $HOOD
– yes you may eventually get a buyout, but time is on the buyer’s side, and this stock can go much lower before that actually happens.
expect resistance to be difficult to break through, as has been the case the past year.
trying to hold major support dating back a couple of years.
$PRGO Inverse head and shoulders breakout with price pushing through the neckline.
$FANG Recaptured key support and staging a strong support.