Another cup and handle I think Nasdaq runs this week with earnings season (As long as Biden leaves tax plan out of the news
Apple formed a cup and handle Also reports earnings Wed looking for a big move to 150s
$BBY has been in consolidation for a while. I expect at some point for it to break. Looking at macro news May 20th, 2021 is their next earnings and I expect them to outperform estimates. Shares or Leap Calls are a great play. We may see a bounce off this resistance at the top and I would look to buy towards its next support lines.
I expect a pullback for $LULU based off volatility index and the fib spirals. they were valued too high and this is a natural pullback. Although i love this company I would buy anything in the green box and I expect a bull move after closing in on bottom of fib retracement bands.
$JPM is going to be a benefactor in the future eventually when rates rise. I also like the TA set up they are right above the 50 day MA and following down to the bottom trend line. Looking back on the consolidation they had in November I think they are prime for a little bit of a run up after breaking that resistance it has touched multiple times. I would buy...
From a TA perspective $RUN looks like it is about to break out of this wedge. It has tested this $59.60 3x already and failed to hold over it. After many attempts it is bound to break it I'd look for $67.44 and $73.77 to be my next targets. $51.57 Stop Loss cut anything under it
Using Elliott wave Theory the correction phase is over and looks prime to break the next resistance and create a new ATH April does well for BTC historically. I could see BTC test 75k in the next few months.
Ethereum just broke out of a triangle. and looks to create even higher ATH's. it could pull back to the supports before doing so but id look for a increase to 2500s soon
$CRM on a TA level looks great. It broke the 20 day EMA and above 20 day EMA Next Target $230 its going to be like a magnet once the market picks a direction Fair Value of $265
PLTR is at great levels if you are a buyer. $22.59 is a strong support and has held multiple times if it breaks this the next would be $20.18 and after that is danger zone. We need $PLTR to break $26.04 on Fib levels to regain an uptrend and then test $29.29, $29.67, $30.85.
Tech went through a nasty correction. I believe the correction may be over most tech stocks are trending to oversold. The case with TSM is they have corrected back to key levels and are oversold on the RSI. And SQZMOM Bear and MACD both show a trend to positive upside. On Friday they closed over $115.81 and that's a good sign to bounce back to the next...
PYPL was not apart of the tech over valuation as much as most of their growth was natural meaning they should get back those levels soon. $253.02 is a major resistance and if it can break and close over that is a great sign and it could run. But we could see some consolidation on the rising trend line.
AMD was beat up with the tech sell off and I expect a rebound especially with Semi Conductor Shortage and White House working on a solution. It is Oversold and MACD has shown a signal. It could break $77.44 support and trend back down to $73.89 if the 10 YR Note continues to be a problem otherwise I see a trend back to ATH in the next 2 months. Stop loss 2-3%...
I think we see some more consolidation out of PLTR before it breaks this bull flag and trends back up it has good support if it breaks 2-3% below support and closes under id cut losses
MACD Bullish Sign RSI trending after being oversold Above 10 day MA needs to break and hold $27.29 then $29.20