Other than the March 2020 crash, LULU only reached oversold weekly conditions in September of last year after which it rallied 25%. Will we see a similar bounce here? Will depend on strength in NASDAQ/QQQ.
This chart was looking strong and has curled up from the base. Positive tailwinds from NY reopening news. Entry marked over post-market high. We’ll see where it lands after open.
LULU fell out of a larger symmetrical triangle and has since rebounded from the lows and consolidated in a much smaller symmetrical triangle shown here. Entry over price action and key fibs, fibs and trendline will act as resistance above.
Novavax is forming a nice wedge here and may get a boost from positive COVID-19 vaccine test results. This likely means a big move will happen outside market hours. But tightening price action here implies some continuation once the news comes. "Novavax: COVID-19 Trial Underway In The U.S., Results From The U.K. On Tap" seekingalpha.com
Falling wedge here and a volume profile that sets it up for an easy bounce. Conservative initial target above at 152.95 as there is a volume node above.
Swing pick. S/L 81.54. For MSG's storied history this was a recent IPO in May of this year. Within 7 trading days it plunged violently from 99 to 58 per share or about 41%. It should move on any reopening or vaccine news. I have found wedge patterns like these have a high probability of success leading to a big move in a strong market (See Z for history). Recent...
This one has been in an uptrend but faked us out for the past few days with a number of false breakouts. Shown here on the hourly, a break outside this box at the trigger should yield a larger move, especially if it can fill the gap above from 117.75 to 122.49. This gap can be used as a more conservative entry. Bollinger band shows room up to 119 on the daily and...
2nd leg Down on SPY might have been Triggered on Monday with Bar Break against the Bais the close on Friday Created a chance to get in Short at 285.9 WITH Target at 10EMA Now a fail to make a new Highs will start the trend Lower and it might take it all the way to the lows The trend higher Took about a month but i think a fail to make a new highs this week...