FluxTrades

FluxTrades

$QCOM has been trading within these levels extremely consistently for the past couple of weeks. It's likely that we see a rejection at this supply zone overhead as it's fairly substantial and spans a large range. Looking to take longs with a close and hold above 191, otherwise I'll short the rejection back to the bottom trendline.

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I will be entering a $LCID 2/18 36P @ 3.1 as a technical and fundamental trade. Share lockup expires on the 19th, meaning over one BILLION shares will be unlocked and have the ability to be sold on exchanges, adding immense downward pressure. Furthermore, we're at the top of our rangebound channel, meaning a technical rejection is highly probable. To top it all...

FluxTrades

$LCID has been rangebound within this channel for the past few weeks, forming a nice little volume shelf in the process. You can consistently trade this range and scalp a couple of percentage points each swing. This range may become invalidated as of the Lockup Period Expiration which occurs on January 19th. Traders beware!

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$NVDA is looking extremely dicey this week. We're currently sitting above a gap, with little to NO volume below. If we lose 270 things could get ugly fast. Next line of support is the channel around 260, and then we've got nothing down till 230. Prime short candidate once 270 is lost.

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Over the past couple of days, $RIVN has started forming a symmetrical triangle on the 15 minute chart. As price coils tighter, the likelihood for an explosive move increases. Will keep this one on the watchlist. With the sharp selloff among growth stocks into value, it's likely that this name will break to the downside.

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$MSFT is sitting at an inflection point right at the bottom of it's demand zone. There is a sizable gap underneath, with our nearest support being around the 305 level. A bounce here is absolutely necessary for the bulls, otherwise there is a very high chance bears flush us down to the low 300s.

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Very simple chart! $SOFI has a huge demand zone right around the $14 level. I would expect a bounce 9/10 times from this level, but with the way the market is shaping up, I'm a little hesitant. Keep an eye here for a bounce, otherwise we may get taken down to lower lows.

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High chance $AFRM falls down to the trendline support over the coming days, maybe even lower as it looks to fill the gap. Take note of the volume shelf underneath! Once the bleeding stops I'm willing to bet we stop around 65 or 70 allowing us to load a long position into earnings!

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Even after this gnarly red day, AMD has found support within its symmetrical triangle. As price coils tighter, the likelihood for an explosive move increases. Will keep this one on the watchlist.

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According to my TA, this should be the local top for $F. We've been running extremely hot these past couple of days, and I expect buyers to get exhausted. Although I am bullish on this ticker as a whole, I have entered a 1/22 21P short position for the time being to play a temporary pullback.

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To those looking to start a long position in $BLNK, today presents us with the perfect opportunity to do so! We're currently sitting right at a very strong demand zone which has held strong for over a year! This setup is invalidated with a close below demand.

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$ORCL has substantially cooled off after releasing a stellar earnings report, dropping a whopping 15%. We currently sit at a demand zone for the company, with an additional level of support underneath. This presents us with an awesome opportunity to long an awesome company at a deep discount, with little to no downside.

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Not the best look for $TSLA as we got a rejection off of the diagonal overhead resistance today. We've got a decent supply zone below but I would avoid going long on this name until we break to the upside or get a bounce underneath.

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After a stellar earnings report, $MU is retesting former ATHs set nearly TWENTY years ago. A break above sends us MUCH higher, especially with semis set to gain ground in 2022!

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After having a wonderful breakout of it's falling wedge, $AFRM has come back to retest the supply zone. This provides us with an awesome long opportunity. PTs : 113, 128.

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This ticker will be one to keep an eye on over the coming months. We've formed a bull flag over the course of an entire YEAR, meaning we could get some crazy continuation to the upside in 2022.

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This ticker has the potential to make an extremely explosive move over the coming weeks. Price is slowly and steadily increasing while also tightening, meaning we're due for a move. I'm biased to play this name towards the downside, but the volume gap above CANNOT be ignored. A break of 164 can aggressively send us upwards for the gap fill, resulting in some...

FluxTrades

$TSM is slowly approaching the top of it's channel as I touched upon a while back! A break above can take us to 128, while a rejection likely walks us back down to the bottom of the channel around 108. I'll look to long this name above the channel with 12/31 130Cs, or go short with 1/22 110Ps depending on where price action leads us.