$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.
$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.
$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 comes to $SLV. Fourth straight
$MARA cup and handle pattern forming but still needs to push through and close above the 200-day moving average first. $PLTR attempting to break through a long-term resistance level as well as confirm a multi-year cup and handle pattern. Next stop would be upper-$20's. Since Tuesday, $QQQ has been all consolidation - going sideways since
$PYPL confirming the short-term inverse head and shoulders pattern as well as breaking above the declining trend-line today. Â Â
$PINS inverse head and shoulders pattern but needs to confirm, before I consider it as a long position.
$MA bear flag pattern could lead to a test of long-term support.
$SI head and shoulders confirmed. Now sitting on a new layer of support – if it breaks should lead to the next leg lower – very volatile though and managing risk will be difficult.
$AMD testing, but not yet breaking through resistance yet.
Thursday’s Swing-Trades: $STI $VLO $MAR Take a look at three trading ideas to prep you for the next trading session. Get all of my trades that I make real-time by jumping in the SharePlanner Trading Block and start making some profits for yourself! Long: Suntrust Banks (STI)