MARKET ALPHA HOV ** CORRECTIONSymbol: NYSE:HOV
Support: $92.44
Resistance: $109.55
Indicators
Laguerre RSI
Laguerre Filter
Opinion: Consolidating, possibly turning bullish
Comments: We have an oversold laguerre rsi which could signal either continuation to the downside but the bullish signal shows a possible bullish change.
Calls
Market Alpha Watchlist OASSymbol: NASDAQ:OAS
Support: $90.05
Resistance: $101.45
Indicators
Laguerre RSI
Laguerre Filter
Opinion: Turning Bearish
Comments: Very messy chart with a lot of traps set. I would avoid this one.
Market Alpha Stock WatchlistNASDAQ:AGLE
Symbol came up on our watchlist scanner. If anyone is watching this one here are some levels.
SPY Looking Very BullishSymbol: AMEX:SPY
Indicators
Lag RSI
My Opinion: Bullish
Comments: I thought we were going to be heading down after last weeks sell off but looks like SPY has a lot of bullishness behind it and may be printing more green this week.
If the trend stays bullish we may be testing the middle channel trendline.
Torchlight Energy Boomin After HoursSymbol: NASDAQ:TRCH
Indicators
Lag RSI
My Opinion: Bullish
Comments: Torchlight is trading high volume afterhours and may continue higher. Here is technical analysis for TRCH
A Closer Look at AMC's Tight RangeSymbol: NYSE:AMC
Indicators
Upper: Delta Volume
On Chart: ALMA x2
Lower: Laguerre RSI
Comments: I can't believe I'm going to say it... I don't know how but AMC is still showing bullish and could blow up a lot of added shorts at the top... What in the world am I even looking at even more.
Always stay on the right side of the trade.
BAC TrendLooking at the 50EMA, we see BAC coming back into its monthly trend, catching support at the 50 and rallying 10%. This time BAC fell on extremely low volume while the RSI is also catching support. Financials are still in rotation and will be adding to this position over the week, aiming for mid/high 40s by early July.
QQQ ATHsGoing off my last $NQ1! idea published...near picture perfect and just a few hairs off fresh all time highs...
Obvious resistance again, but the grind up and growth leading for weeks is tilting towards a bullish breakout in a big way IMO. of course it's gonna be choppy, of course there's gonna be huge size on the bid and ask. No telling what could happen when price reaches that point...usually probes through to check it out. I'd expect something similar tomorrow or overnight even.
Good luck, and stay flexible.
AMC Looking to Pop HigherSymbol: NYSE:AMC
Indicators
Laguerre RSI
ALMA x2
Thoughts...
LagRSI is showing bullishness which may be good for the "apes"... haha
Things to Note...
AMC is ridiculous and should be traded extremely carefully and with extreme caution... New traders have their accounts blown up while still being right on their assumption... just because they have never traded in the markets before. Don't let that be you.
NVAX Pattern Based Off FractalsSymbol: NASDAQ:NVAX
Top Indicator: Laguerre RSI
Bottom Indicator: Tradingview MACD
Here is a pattern based off of Fractals. We have a divergence in the MACD and two big trendlines coming into play.
We could see a big move either way here, price has been hanging out after a solid move up and the dips are getting bought but we haven't broken out yet.