Nike has a nice divergence with the 8 and 21 ema which means if it can squeeze over resistance line of $133.46 or the 50-day ma then this thing could possibly fly into the next resistance line of $139.04. I will be watching Nike this week to see if we can make a few bucks here.
Twitter I believe to still be a great stock to watch this coming week due to the chart analysis I'm watching. Twitter has been on a run ever since Elon musk mentioned the amount of stake he took with investing in this company. But over the past few trading days, Twitter has begun to pull back a little and is now sitting on a key support line. If this $44.10 area...
$OXY has broken out several times and went on a nice run-up due to the in-demand sector it's a part of. I'm still seeing lots of indicators that led me to believe it can keep running with the strength it has. If it breaks over the $63 level then there will be more upside for $OXY.
$TEAM has fallen back below its trendline into the falling wedge pattern after it attempted to breakout. There is strong downwards momentum that will most likely push it further down into a support level that I believe it will fall against. I'm looking for $TEAM to possibly come down to the support level of $238 if this downwards momentum continues.
$AMD has touched the trendline above three times before price pulled back and found support around the level of the $99-$100 mark. If $AMD can bounce here then I like to see if it can reach short-term level of $110 resistance while the longer-term level would be $124 along the trendline. If $AMD cannot pick up enough volume to bounce into resistance then I like it...
Home Depot has been hit hard lately and has been in a long falling wedge downtrend due to the most recent economic conditions. Looks like a small amount of support has been found around the $293 area for a nice bounce play. If Home Depot can hold up above the $293 area in the coming week then I think it has more room to run into the resistance area of $321 for a...