PaperBozz

PaperBozz

NYSE:NKE is trading at its 2018 crash low, just $5 away from its 2020 COVID low. 👀 The company said that after the current quarter, things will improve. China was down 17%, but China is going to implement stimulus measures to boost consumption. It’s not hard to imagine China’s consumption rebound helping Nike.

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NASDAQ:META is testing the upward trendline that began in November 2023. Can it hold? If it breaks the trendline, we’re looking at the $540 area for support. Something to keep in mind: It is way too early but there’s a chance it could form a head-and-shoulders pattern.

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NYSE:HIMS I still think it could revisit that trendline. It is not even close to oversold. $24 is possible. 👀

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NASDAQ:MSFT : Back in September 2024, I identified a head-and-shoulders top pattern. It now appears that the right shoulder is finally complete, and the trendline has been broken. The stock is getting close to the drop area I mentioned back then.

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NASDAQ:GOOGL and NASDAQ:GOOG had a promising cup-and-handle setup, but the earnings report (ER) disrupted it. The stock is currently below the uptrend line. I would wait for the $143 to $140 area to position for a potential bounce. For the first time in its history, Google’s search business faces serious threats, putting its technological leadership in question.

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NASDAQ:APP I wouldn’t go long on this stock. It’s currently within the volume gap and up against major resistance. Many other stocks have charts that look more promising than this one. It’s a hard pass for me.

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NASDAQ:AMZN consistently revisits the uptrend line that began in January 2023. There’s a strong possibility it could do so again. The $180 area could be a good entry point.

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NASDAQ:SOFI declined to the 200-day moving average (DMA) area, which was the breakdown target, and then bounced. It’s remarkable how technical targets are hit with such high accuracy. Currently, it is testing the channel trendline and VWAP resistance. If it can break above $13.70 and hold above that level, it could serve as a launchpad for the next leg.

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NASDAQ:STNE is pushing against the upper trendline. It’s up to the earnings report (ER) to determine whether it breaks out or faces rejection. 👀

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NASDAQ:TTD has been in a free fall, and it is currently the most oversold it has ever been. Nothing ever comes close. One thing to note is that it tends to check back to $41 to $38 range after prolonged sell-offs like this. That support level has not been broken since 2021. Judging by the extreme oversold levels in the MACD and RSI, it might be close to seller...

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NASDAQ:TTD has been in a free fall, and it is currently the most oversold it has ever been. Nothing ever comes close. One thing to note is that it tends to check back to $41 to $38 range after prolonged sell-offs like this. That support level has not been broken since 2021. Judging by the extreme oversold levels in the MACD and RSI, it might be close to seller...

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NASDAQ:HOOD did get a bounce from that support area. There is certainly a danger of a head and shoulder formation but I am not too worried about it. Watch for that channel breakout. Confirmation is closing above $43 for 2 trading session. See target and support areas in the chart.

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NASDAQ:RKLB has fallen so fast in such a short time that the MACD went straight from heaven to hell. 😂 Just kidding. Well, not really... I genuinely meant it literally. You see, the speed of the sell-off was so intense that the MACD dropped from its highest point ever to the lowest in the history of this stock’s existence. So, what’s next? Well, things are...

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NYSE:XYZ Since 2019, the price has broken below the current support level only two times, with quick recoveries. 👀

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NYSE:UAA Well, it came down to $6.50, and as promised, I bought more. It has been creeping up during this market sell-off, and right now it is up against the trendline resistance. Can we see a breakout?

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NASDAQ:GTLB turned out I couldn't have timed it worse. 😂 During the bear market stocks always backfill their bullish gaps that they left behind. The first gap has been filled. The next gap is around $46 area. There is a reason why technicians wait for patterns validation. Most wait for 2 to 3 session close above validation point. But what's the fun in that....

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Since the uptrend began in November 2023, the AMEX:SPY has experienced a drawdown of approximately 9-10%, with 11% being the maximum drawdown. Similarly, drawdowns have typically overshot below the 200-day moving average (200DMA) by an average of 3%. By this measure, the worst-case scenario for this drawdown could see AMEX:SPY fall to the $544 to $542...

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NASDAQ:SOFI This is a case of a diamond pattern breakdown. Diamond patterns can be either bullish or bearish, depending on how they resolve. In this case, the pattern resolved to the downside. The breakdown target is around the 200-day moving average (200DMA) or $10–$11 range. So create a plan for that. We are at the midway potential reversal area, supported by...