PaperBozz

PaperBozz

NASDAQ:NVDA hits target 4 precisely and has since pulled back. It is currently trading around the support region. There is a potential head and shoulders pattern forming with the neckline around the $132 to $130 area. A full measured move upon neckline breakdown is $117. The midway support is $126. Bear in mind, just because a pattern is forming doesn't mean it...

PaperBozz

NYSE:NKE Don't forget earnings next week. The street is quite bearish on this stock. There is a possibility that it could be met with selling pressure as fund managers rush to do year-end window dressing and tax loss harvesting. So watch out and be ready if you are bullish on the company. As always, I share my opinions and trades. I'm not suggesting that anyone...

PaperBozz

NASDAQ:DKNG hit the second target and has since pulled back. It is currently sitting on the combined support of the 50DMA, 200DMA, and VWAP. With the golden cross momentum, I think it could bounce from here. If it fails, I believe the worst-case scenario is a checkback to the trendline and lower VWAP support around $38 to $37. I am long. As always, I share my...

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NYSE:U I closed my stock positions around $26.50 for a profit. I am out. It is getting close to checking back on the neckline. 👀 Notice that the neckline and VWAP are exactly the same, suggesting it could provide strong support. As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.

PaperBozz

NASDAQ:SMH is checked back to 200DMA today. 200DMA has been a reliable support for the past 4 times since Oct 2023. Can it do it again? If SMH gets a bounce, it will lift NASDAQ:AMD , NASDAQ:MU and $NVDA. 👀

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NASDAQ:DOCU For some reason, DocuSign dropped off my radar. It has finally formed a cup, but the question is, will it form a handle? I would be interested if it pulls back to the $80 area. It is currently overbought. As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.

PaperBozz

NYSE:SHOP Beautiful cup and handle base breakout. The train has already left the station. The risk-reward here is not good. I would not chase. Wait for the neckline retest.

PaperBozz

NASDAQ:RIVN A breakout from that descending wedge could send the stock to the $19 area. What do you think? Can it break out, or will it face rejection? As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.

PaperBozz

NYSE:FCX is getting close to checking back the uptrend line. In the past, the trendline has provided reliable support. If the trendline fails to provide support, it could drop to the $37 to $36 area, which would be an ideal entry point. Knowing that, what would you do? Enter at the trendline checkback or wait for the trendline to break? As always, I share my...

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NASDAQ:OKTA The combined resistance of the 200DMA and the trendline is making it hard to break through. But if it retests the trendline, it will most likely break through it. Targets are in the chart. As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.

PaperBozz

NYSE:TGT Looks like we might get a reversal. I am thinking of doubling down on this. It looks like it has the potential to form an inverse head and shoulders pattern. Currently, it is up against the POC volume resistance. If it can overcome it, it could launch to the $144 area. $144 will be a hard resistance. 👀

PaperBozz

OANDA:XAUUSD Liz Young who is Sofi's head of investment strategy, recommends GOLD on CNBC just now. She doesn't think Bitcoin is a competitor to Gold. I looked at Gold chart and shake my head. 😂

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AMEX:KWEB Trendline has been hard to break. If it manages to break through it, we are looking at a measured move of $35. However, $32 to $33 area would be hard to break through. It is showing some signs of a potential breakout, but you have to be quick in taking profit. China is hard to bet on. As always, I share my opinions and trades. I'm not suggesting...

PaperBozz

NASDAQ:GTLB is forming a potential inverse head and shoulders pattern with a measured move to $90. The earnings report (ER) is after hours today. There is a risk that it could drop to $50. Knowing that, would you bet on it? As always, I share my opinions and trades. I'm not suggesting anyone follow my trades. You do you.

PaperBozz

NASDAQ:AEHR is forming inverse head and shoulder. If it can break through the neckline, the measured move is $14.7 or target #1. 👀 As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.

PaperBozz

NASDAQ:STNE If the stock can break out of that wedge, it has a chance to hit around the $14 area. First, it needs to overcome the $11 area resistance, though. The targets are published in the chart. As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.

PaperBozz

NASDAQ:SOFI Since all published targets have been hit, you might be wondering what's next? If we can successfully close above $16.25, we have a shot at $19 next. Here are new targets: $19 $23 $28 $34 Don't expect the targets to hit overnight. Once a concrete pattern is formed, I will have a better idea. Caution: the stock is quite overbought. I would feel...

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NYSE:ELF just completed a potential cup and handle base with a measured move of $163. Let's hope it plays out. 🙏 It is safe to say that Muddy Waters' Carson Block's short did not work out. 🚀 As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.