ChaseColvin

ChaseColvin

Today AMZN filled the gap below from $3,523-$3,512 - looks ready for a bounce here soon.

ChaseColvin

Bearish on Roku if it breaks below $397.00 - it could drop as low as $375 next week. Watch to see if buyers step in and it bounces back to 400+ If not; which I think is unlikely due to all of the selling today, and it breaks below $397 - swinging puts could possibly be a good trade. I'm kinda curious myself to see how the market looks going into close today, if...

ChaseColvin

If AMZN breaks below $3,621 then puts would be a nice play. The market has been very choppy this week so trading quick is key, there have been a lot of moments to play quick scalps on both sides of AMZN. If it breaks below $3,621 then it would then either bounce off the upward trend line or catch support around the $3,523 price-level. As of now I would avoid AMZN...

ChaseColvin

GME looks good after hours, after taking a beating all week there was a lot more buying volume today. Will be more bullish if it breaks out of the wedge and upward through resistance around $188-$189. Will be watching this and AMC closely after a week of choppiness in the market; these could come alive again, just plan your trade out ahead and wait for a good...

ChaseColvin

Was hoping AMZN was going to rip and retest ATH's on the 15-min chart, but it looks like it is chilling out for the day. I wouldn't play calls < $3,658 I am expecting a big move from AMZN to $3800+ soon, just have to wait patiently for the proper setup.

ChaseColvin

AMZN 15-min, I want to see 3800 this week. Patiently waiting for the big move from this monster.

ChaseColvin

Over the last couple days TSLA has looked ready for a breakout again, this morning in pre-market it got as high as $694. If it can close and stay above the resistance at $686 it can go to $700, and from there $714. $714 is a price range where TSLA could really breakout from, keep an eye on it at these levels. Either way I am long TSLA , it looks good from here.

ChaseColvin

TSLA had a gap to fill back down from $667-$656 when it ran on June 23rd/24th, which it filled today. I would like to see it break $670-$700 range before making any bullish plays. Will be watching TSLA this week, other EV stocks seemed to do better than Tesla today, specifically NIO and XPENG.

ChaseColvin

Amazon was a monster today, there were a few different opportunities to play it but congrats if you got in early! Amazon broke ATH's today after a year of consolidation, there is no resistance and I think it can continue to run to $3,700+ by the end of the week

ChaseColvin

On Monday I posted a bullish chart of Tesla because it seemed to be breaking out of a wedge, price had been forming an uptrend on the daily chart. The 9-20 EMA were acting as a form of support the last couple days - prior to the breakout today. TSLA broke through resistance at $635 as well as the 50 EMA (green line) - MACD momentum also looks bullish. My next...

ChaseColvin

Tesla broke out of a wedge and formed a hammer candle stick today (bullish indicator) Price action has been forming an upward trend since last week, as it has been making higher highs and higher lows. My first target is $635 and if it breaks through that area of resistance, then it can keep running to the next area of resistance around $665. I am also watching to...

ChaseColvin Updated 

When the 'meme' stocks were pumping I posted a chart of CLOV on 06/08 and said it had a gap to fill from $16-$12, the gap was finally filled on Friday, so if you missed the breakout, you had the opportunity to play the reversal last week. REMEMBER WHAT GOES UP MUST COME DOWN!!! Don't get fomo, there are plenty of opportunities in the market every day, and if you...

ChaseColvin Updated 

Last week when the 'meme' stocks were going crazy I posted a chart of CLOV and said it had a gap to fill back from the $16-$12 level, so if you missed the run up you had the opportunity to play the reversal. Remember, what goes up must come down! Notice how the volume has been much smaller as the price continues to drop. The gap is almost filled, its still got...

ChaseColvin

TSLA is on the verge of breaking out of a wedge - buying volume has increased over the last 2 days and price has been forming an upward trend. If it can break out of this wedge then my first target is $635 - from there if it keeps going up the next resistance wouldn't be until $665-ish.

ChaseColvin Updated 

On 06/14 I posted a chart on SQ because it broke through the 50 EMA and previous resistance level . The 50 EMA acted as support for a couple days on the daily chart prior the the breakout today. I said SQ can keep running until it's next resistance levels at $240-$245, those were my targets. $240 INCOMING!!

ChaseColvin

On 06/01 SQ rejected the 50 EMA and broke down a bit but bounced off the $211 support level. Today it broke through the 50 EMA and previous resistance level. SQ can keep running until it's next resistance levels at $240-$245, those are my current targets. Market was bullish and running into close.

ChaseColvin

XPEV broke out of a bullish bilateral triangle and my initial target was reached this past week; but it still continues to look bullish as it broke through the resistance level at $40 and doesn't look to stop there. There could be a correction at some point as well, but now the $40 resistance level can act as support during this uptrend. XPEV could run up to the...

ChaseColvin

NIO broke out of a wedge on the weekly chart and rallied on Friday. It looks to continue to run from the wedge breakout into next week. Stochastic and MACD momentum look bullish as it is about to crossover from below to above the signal line. My targets are $50 $54, I want to see it rally to $50 next week!! Watch TSLA, XPEV, and other EV stocks as well this next week.