Spotify Technology (SPOT)

$MARA hitting up against some short-term resistance. Should it break through watch old trend-line resistance. $SPOT tested rising trend-line on Monday, and following earnings, had a strong bounce. Break July highs would establish higher high and the continuation of the existing trend. Nice gap above the resistance on $COIN today. But be cautious as price

$SPOT pullback could see a bounce off of this major price level. $HOOD false breakout yesterday of the bull flag, giving it another shot today. $OKTA neckline of the inverse head and shoulders pattern. Just starting to breakout, but also needs to clear the 50-day moving average as it has been a challenge of late.

$RTX post earnings reaction was extreme to the downside, but managed to hold a key support level from 2021 and bounce from there. $DHR attempting to breakout and push through declining resistance here. Key is for it to break and hold into the close. $ILF nearing a major, major break of a declining trend-line. Critical

Nice bounce off of 3 nearby support levels so far for $NIO, but be mindful of $TSLA earnings today that could have a significant impact on the stock (for better or worse). $SPOT ascending triangle breakout level. Watch the 5-day moving average as type of trailing stop-loss. A close below would be reason for me

$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 really nice base formed over

Resistance on $SPOT continues to prevent price from breaking out and getting the necessary follow through.    

Anyone still investing in $SPOT is in the red after it broke support and hit new all-time lows. Breaks my heart to see it happen.

$PYPL 1) Major gap filled today going back to May of 2020, 2) major price support being tested here from 2019. Not worth buying on the day, of, but worth watching to see if there is a willingness to bounce off the level in the days ahead.

$WYNN has some major long-term support underneath. A push above $90 would put it in breakout mode.

Swing Trade Approach: Another busy day as I closed Vertex (VRTX) at 232.69 for a +6% profit, Virgin Galactic (SPCE) for a +6% profit, I took some profits in my Square (SQ) trade for a +8% profit, and reduced my exposure in my Spotify (SPOT) trade by taking a portion of that trade