Tesla (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 Palantir Technologies (PLTR) in play. Why I never swing trade earnings: Snap (SNAP) Â
Ideal entry on Viper Energy Partners (VNOM) would be a bounce off of its lower channel band. Palantir Technologies (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 Tesla (TSLA) confirming to the downside, with additional continuation today.
Roblox (RBLX) pullback to the rising trend-line could offer up a bounce opportunity for the stock. Darling Ingredients (Dar) breaking out of its base with room to run to $51 before encountering much resistance. Chewy (CHWY) Hard bounce off of support following a large gap lower this morning. Some support attempting to be found for
$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 the 200-day moving average Heavy
$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
$SOFI attempting to bounce off of declining support but still faces overhead resistance. $PLTR breaking out of a declining resistance $AIG may be forming a wedge pattern to play the breakout on, but resistance overhead remains a problem.
$FL breaking Sept highs, and attempting to fill the gap from August lows. Hard fade in $VIX today, with the lower-channel band getting tested again. A break to the downside would likely signify more upside for equities. $LMT declining resistance and price level resistance overhead to watch. If US gets involved, or provides aide, likely
Instead of confirming the head and shoulders, $PLTR managed to bounce off the neckline, and create a short-term double bottom scenario. $F has a promising setup if it can break through short-term consolidation, but it is also dealing with heavy rejection at the 200-day moving average. $CCL needs to hold key support here at $13.70,
Palantir Technologies (PLTR) Rising trend-line off of May lows tested and held so far today. Attempting to bounce from here. CBOE Market Volatility Index (VIX) pulling back some today, but still hovering just below a significant base breakout level here. Moderna (MRNA) was a one trick pony, and not one worth ever buying
$VIX back below key support, after falling off a cliff, post CPI. Â Â