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AbbVie: Breakout! Buying a re-test of supportAbbVie - Short Term - We look to Buy at 119.00 (stop at 114.50) Previous resistance level of 119.95 broken. A move higher has resulted in prices breaking from the previous range and confirmed our bullish expectation. We have a Gap open at 118.86 from 03/12/2021 to 06/12/2021. Further upside is expected although we prefer to set longs at our bespoke support levels at 119.00, resulting in improved risk/reward. Our profit targets will be 135.00 and 150.00 Resistance: 122.42 / 124.00 / 130.00 Support: 119.95 / 118.86 / 115.03 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
NYSE:ABBVLong
by Saxo
UPST - back at horizontal supportUPST had a spectacular run when it broke out of a horizontal resistence zone (158-170) in August, more than doubled in just 2 months before crashing back down to this breakout level. It is probably a good time to nibble with an initial stop loss about $1 below the support zone @ 157. Trail stops upwards should trade goes our way or look to scale at out fib retraements levels shown. Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)
NASDAQ:UPSTLong
by Juliac
2
DOCU (1W) Midterm free fall incoming ? Pure speculation ;) Hi Traders, Premarket 23% drop looks quite interesting. If something like this will occur, we can create a HUGE gap which should be filled in the futue. Take this chart with a big amount of salt. Its pure speculation for mid-term downtrend because Impulsive wave of the price action is not 100% clear. What is clear, you can see a Bearish divergence of RSI and MACD what is not good sign. Take care, trade safe and mary f@kin christmas ;)
NASDAQ:DOCUShort
by Longevity_Contrarian
3
Falling Wedge - Gap Fill- BullishUPST starting to look really interesting after seemingly finding a bottom after selling off post-earnings leaving a big gap to fill on the upside. Big falling wedge on the 4-hour timeframe along with a bullish cypher, RSI is also way in oversold territory. Bollinger bands are squeezing on shorter timeframes and buyer volume picking up. Bullish will be looking for a breakout from this wedge & for UPST to go for the gap fill on the upside (Broader Market Conditions Permitting)- Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones in the meantime - Falling Wedge - Gap on the Upside to Fill - RSI Oversold - MACD Cross - Bullish Cypher Formed - Bollinger Bands Squeezing on the Hourly Timeframe PT1- $220.25 PT2- $225.94 PT3- $228.04 PT4- $256.38 + Gap Fill
NASDAQ:UPSTLong
by jacobosiason7
1
PUBM - PubmaticTrade opened off of the double-bottom from the PEG day low. This is my second time trying to buy this name this week. I originally bought on Monday as it began to reclaim PEG day anchored VWAP but was quickly stopped out that same day. PUBM has good EPS growth & sales growth to support it. Buying off of this double-bottom offer a clearly-defined level to manage risk from. If it breaks back below, I gotta go. If the stock can reclaim its anchored VWAP, I will look to buy more and raise my stop under this afternoon's consolidation.
NASDAQ:PUBMLong
by apaqu
TSLA: Doing a GOOD reaction today!Hello traders and investors! Let’s see how TSLA is doing today! As we see, in the 1h chart, the trend is bullish again, as we have higher highs/lows. What’s more, we are above the 21 ema, and it just did an upwards breakout from a “Trap Zone” (the area between the resistance at $ 1,100 and the 21 ema). Now, it seems the $ 1,150 is the next resistance on it. Let’s see the daily chart for more clues: The trend is still bullish here too, despite the sell-off after Musk’s tweets. The $ 1k did work as a phenomenal support level for us, and there’s no bearish sign around. The only thing missing here is a good volume today. Either way, the reaction this week was very good. What’s more, keep in mind that we have an open gap at $ 1,208, which is going to work as a target. The movement next week is going to be decisive for TSLA in the mid/long-term. If you liked this analysis, remember to follow me to keep in touch with my studies on stocks and indices. Have a good weekend!
NASDAQ:TSLA
by Nathan_The_Finance_Hydra
2
CPRI - Capri HoldingsStarted position as the stock came through its inside pivot & PEG day anchored VWAP. Ran up nicely before giving a lot of the move back in the afternoon. CPRI showed massive growth in EPS last year (+205.52%) and estimates for the current year (with 2 quarters already reported) are EPS growth of 180.87% with sales growth of 33.37% supporting the EPS growth. Will close half position if today's opening price point @ $64.76 is breached, as I would expect the PEG day anchored VWAP just above to hold as support if this stock is going to be a true winner.
NYSE:CPRILong
by apaqu