Bullish- Triangle breakoutSymmetrical triangle forming on TWTR here along with buyer volume starting to pick back up. Clean hammer & bounced right off the 100-day EMA - will be looking for a breakout from this triangle (broader market conditions permitting). Just some support and resistance levels and some RSI-based supply and demand zones to keep an eye on-
PT1- $65.77
PT2- $67.01
PT3- $68.55+
Support_and_resistance
Symmetrical Triangle - Watching closelyVery similar formation on TAN and the ICLN as expected, personally am bullish long-term. Closed on Friday sitting right on its 200-day EMA which it has previously bounced off of as well as approaching the end of a big symmetrical triangle. Undoubtedly a long-term play, but will be keeping a close eye on this one. Just some support and resistance levels and some RSI based supply and demand zones to keep an eye on as well- bullish
Symmetrical Triangle - BullishPersonally am quite bullish on the ICLN as well as many of its holdings. Closed on Friday sitting right on its 200-day EMA which it has previously bounced off of many times and is approaching the end of a massive symmetrical triangle. Bollinger bands are squeezing as well (not pictured), undoubtedly a long-term play but will be keeping a close eye on this one. Just some support and resistance levels and some RSI based supply and demand zones to keep an eye on as well- bullish
Ascending Triangle Forming- BullishLooks like an ascending triangle forming on ENPH (bullish)
***See Previous Charts***
- EMA's starting to curl
- Bollinger bands squeezing (not pictured)
- Also looks like an inverse head and shoulders forming on the daily timeframe
- Bullish- will be looking for a breakout, just some support and resistance levels to keep an eye on as well as some RSI based supply and demand zones
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7/6'
ENPH has had a nice run in the past month running up roughly 35% to fill the gap on its yearly chart. Could definitely see some healthy consolidation here or another move upwards. Goldman Sachs raised their price target for ENPH from $187.00 up to $202.00, EMA's curling & holding support nicely- will be looking for an entry for a long play.
May 24-
ENPH has gotten relatively beaten down and taken a much-needed pullback. However, has held up fairly well amidst all of the intraday volatility in the markets and is now is back above its 200day SMA where it has previously found support. Needs to hold above the 200day SMA . Additionally, does look like a fishhook pattern forming, and am looking for ENPH to fill the gap circa 153-167. Bullish
Possible Ascending Triangle FormingPossible ascending triangle forming on PYPL and currently sitting right on its 100-day EMA at the moment. Keeping an eye on PYPL here for a long-term entry. RSI is in the oversold range on almost every timeframe and has a big gap to fill on the upside after selling off after earnings. Will be looking for a breakout (broader market conditions permitting) Bullish - just some support and resistance levels to keep an eye on as well as some RSI based supply and demand zones
Symmetrical Triangle - Watching closelySymmetrical triangle forming on VRM-
- Looks to be a falling wedge forming on shorter timeframes as well
- MACD Cross
- Bollinger bands squeezing
- Slight bullish divergence on the RSI
- Just some support and resistance levels to keep an eye on as well as some RSI based supply and demand zones
- Infrastructure talks could serve as a catalyst for a nice bounce (Broader Market Condition Permitting)
PT1- $38.25
PT2- $39.56
PT3- $40.32+
Symmetrical Triangle - Watching closelySymmetrical triangle forming on BLNK- Bullish
- MACD Crossover
- Bollinger bands squeezing
- Just some support and resistance levels to keep an eye on as well as some RSI based supply and demand zones
- Infrastructure talks could serve as a catalyst for a nice bounce (Broader Market Condition Permitting)
Falling Wedge- Watching CloselyFSLY has been selling off for quite a bit now, however, is forming quite a large falling wedge. Some slight bullish divergence on the RSI last week, Bollinger bands are squeezing (not pictured). With buyer volume, should pop and will be looking for a breakout- just some support and resistance levels to keep an eye on as well as some RSI-based supply and demand zones.
**Broader Market Conditions Permitting**