BBTrader29

BBTrader29

BABA is extremely over extended to downside. It has had nine consecutive red down days, with today also being red but going from red to green by end of day. This formed a hammer doji at the bottom of the range on high volume. I suspect a relief bounce back to close the gap at 172

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ABNB has crossed over its 13 EMA at the close, i'm suspecting a push higher over the next 1-2 trading days into the next layer of resistance, which is at the 152 area

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BYND has just crossed over its 13 EMA, which is usually a signal for a push higher on the next trading day. This crossover pattern is good for intra-day to the next trading day.

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NKLA has had 4 consecutive sell off days, with another big sell off after reporting earnings today. This has now sold off into support zone around the 10.20, while being overextened to the downside and oversold on stochastics. I believe this will have a relief bounce back to the 12 range. Also the Short Interest and Short Ratio are high on this stock, this...

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OSTK has had 6 consecutive days of selling off, putting it into overextended territory to the downside and oversold on stochastics. This has fallen right into a support zone while being extended as well, this leads me to believe there will be a relief bounce back to the 73 level.

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TWTR has tested the 71.5 level 5 times, with the 6th test looking to be a breakout. TWTR has also from a Inverse head and shoulders pattern making the chances of a breakout happening more likely with a 6th test in resistance. This can run as high as 76-78 due to the longer term head and shoulders pattern created, making the breakout a higher momentum type of move.

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TSLA has formed a longer term consolidation flagging pattern which looks like it will lead to a 900 target in the longer term. There is also a flagging consolidation pattern within the longer term pattern that is poiced to breaking out right now, this shorter term target looks like it can go to 750 range. I think TSLA could be at a great longer term buying spot...

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ALEC has just filled its massive gap in its chart within 1 trading day. It has now nearly completely filled gap and run into support zone at the 23.5 -24 level. The gap will be completely filled at 22.5. I suspect a strong reversal from here back to the 29 level, as most gaps reverse to the next layer of resistance after they've been filled.

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NIO is showing a rounding top formation with room to fall down to the 34 level. It had higher than relative volume today and has no clear support until 34-36 levels. The weekly chart shows next level of support around 34.

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CODX has previously broken out of the 9 range and ran up to 11. It has since pulled completely back to retest that prior resistance at 9, which is now support. It has retested and remounted back over the 9 range, showing that there may be another push to the mid 10 range.

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SPG has recently filled the gap in its chart. Now that the gap has been filled a reversal typically takes place back down towards the next level of support/resistance. In this case that level is 120.

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NIO is showing a rounding bottom formation and seems to be holding over the moving averages. I suspect for this to continue its upword trend to the 50.5 range.

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COIN is caught in a descending triangle since its IPO date. It just tested the upper part of the range and closed red off the moving averages. I suspect this to round down back into support at the base of the triangle at 212-213 range.

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FCEL has fallen into a support zone at the 6.5 level. Looking to play the bounce of the support zone back up towards the 13 ema. It was already beaten down a bit and is a sympathy play off TSLA, which TSLA is looking like it is poised for upsdie.

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DASH has recently tested is support level of 166 and has remounted above it. This shows strength with a likely push back towards the previous breakout high around the 185 level.

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DXC has had a recent runup and has since consolidate into a correction wave pattern. It has posted a higher low and it looks like it will make another push to the high.

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UBER is following a rounding top trend, looks like it has momentum to the downside. I'm hoping for this to continue downward into next week with maybe a day or two of consolidation from here.

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QQQ rallied today then completely gave back all its gains and even went into the red before closing neutral on the day. This left a false breakout doji. It looks like it is a bull trap and is going to head lower back to the 13 ema around 357 range.