PINS has been trading around this volume area/Monthly/Weekly SR level for a while now, and looks like it is getting ready to break out.
The Weekly MACD has shown the 'buy signal' and shorter term indicators (EMAs, MACD) are fairly bullish as well.
I am targeting $35 since that is the next volume area, and also a Monthly SR level.
There is a gap below that needs to...
Overall market is bearish, and PENN has been in a downtrend for a bit. I am expecting it to fill the gap at $30.
The strong volume area also at that level should act as a magnet for price. The fact that price isn't free falling is actually pretty surprising considering how little volume has traded in this recent range.
Another stock that is beaten down and has been consolidating between weekly SR levels (white box).
Just expecting it to get out of its current range to the next volume area at ~$3.30 then to the volume area at ~$5.20.
You can play the breakout or enter early (I entered early since the RR is fine for me, especially since SL is at the lows).
Could it get to the...
Since September PYPL has been having a bad time. Sucks for those holding shares, but for others, it sets up a good opportunity for large gains.
There are two scenarios I'm expecting to play out
1. It goes down to the weekly SR level and volume area at ~$100 and reverses from there. If that doesn't happen, exiting before the gap under $97 is the move.
2. Assuming...
Super beat down, had a lot of buyers show up under $12 and this overall idea is based on that staying as the bottom.
Two ways to play this are
1. Buy the pullback (~$13.50 at time of posting)
2. Play the breakout (white box)
In either case, I expect HOOD to go up to the next volume area at ~$18.50 and then rocket up to ~$35 (hence the gap area; very little volume...
After a whole year of just performing like trash, XBI is now at covid levels. It literally gave up all the gains it made in 2020 in 2021.
It is currently at a monthly SR level and volume area, while also being at the long term trendline. I'm expecting this to turn around and at least hit ~$115 again, but who knows, it's the XBI after all.
GTHX has been trading in a range for a while, and seems to have bottomed. The weekly MACD has done a bullish cross, and I think there is a good chance that it will breakout of its range toward the volume areas I have marked. I have plotted the price action that took place the last time it left this range.
I think there is a reasonable chance that it hits ~$15, but...
Tesla is currently in a particularly weird spot, in the sense that it is pretty unclear where it will go. It is currently holding at monthly support, a minor volume area, and its long term trendline. If it were to break below these, I think ~$700-$600 is on the table. Not touching it until it becomes more clear. (But kinda hoping it comes down to those levels so I...
CLSK has broken out of the box it's been trading in for the past couple of weeks (Bounced off Weekly SR level and broke above the Monthly). I am assuming the Monthly SR level will hold due to it being near a high volume area, and am expecting it to go to the next volume area which is ~$17. I could also see this getting in the 20s or more depending on how BTC moves.
SDC has been trading within this box since December. If it breaks out of the box with volume, it could be a could opportunity to ride it up towards ~$5. Just something to watch for. If it doesn't do it then I am not touching it.
Solid bounce off the Monthly Level and volume area to the next volume area/SR level above it. I am expecting it to get near $120 before correcting for a bit. I am not expecting it to just shoot straight to $120, just waiting for it to climb up there.
ETH has bounced at both Monthly Levels and volume areas, and I am assuming that the current Monthly Level will hold. If it does ~$4100 is the next spot I would expect it to go sideways at.
Long term technicals don't look too good right now, there is a gap that still needs to be filled and that is what I am expecting is going to happen.
Currently at the Monthly SR level and volume area, but seems to be rejecting it. My logic is that is will go to the next volume area, possibly bounce off the weekly SR level.
We are in the middle of two volume areas. Normally things trade from volume area to volume area (in a range), so I would assume we are going to hit ~47.5k and then go sideways for a bit. Could it retrace and go sideways/bounce off the weekly? Sure. Just showing the overall picture, I don't really care about what happens in between. Once ~47.5k holds, ~57k is the...
The company has been preforming well each quarter and has traded a lot in the >$34 range. This setup assumes that the Monthly SR level will hold, and if it doesn't promptly gets you out. Profit targets could be $40, $43, or $45. This is purely a range play, although I could see some reasoning to hold it long term as well.
All the long term technicals are not looking so good, and after their earnings "beat" I wouldn't be surprised if this plays out. There is still the gap created from the earnings move up that needs to be filled. Hopefully it continues to hold $3000, but I am being cautious and staying on the sidelines for now.
This is assuming that BTC continues to trend up. I feel like LINK has a good chance to reach at least $27. Currently is at Monthly SR level and volume area, and knowing that everything trades in ranges, I feel like it's a good range play (to the upper volume area), if anything.
