NASDAQ:HOOD The head and shoulders (H&S) pattern was invalidated, and the stock has since run without me. 😤 It is currently in a frictionless area, meaning there is not much resistance in either direction for the stock. If the stock were to play out a full Fibonacci extension, it could reach the $33.90 area. However, a pullback to the $24 to $22 area is...
NASDAQ:RKLB RocketLab hit the fourth target and has since pulled back. I hate to say it, but it is losing momentum. Both MACD and RSI are hot. I would love to see it holding above $10 while it blows off some steam. The support region is from $9.90 to $9. Earnings are wild cards; you can never guess the price reaction. But since the stock has run up a lot since...
NYSE:U I added more to my Unity position during this pullback. It all rests on the earnings report (ER) now. 🙏 With the removal of runtime fees, the launch of Unity 6, and the roadmap for Unity 7 laid out, the sentiment among developers is turning positive. I am seeing some good reviews on Unity 6 and excitement for the upcoming Unity 7. As always, I share my...
NASDAQ:MARA is about to break above the 200-day moving average (200DMA) and another major level where support has turned into resistance. Whether or not the descending wedge pattern plays out depends on the earnings report (ER). I don't have high hopes for the ER, given Fred's history. He has occasionally boasted about decisions like diluting shareholder value...
NASDAQ:SOFI Since all 4 targets that I published have been hit, 🎯here are my new targets: $12 (resistance) $12.70 $13.67 $15 I don't expect it to go straight up as we are in overbought territory. It will have to consolidate before the next leg. $10.50 is now support. 👀 As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades....
NASDAQ:AMD I started a position on today's pullback. The stock checks back to the trendline and lower VWAP, which could provide good support. There's a risk that it could fall to the $140 area. If that happens, I will be adding more. 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.
Okta ( NASDAQ:OKTA ) is trading inside a descending broadening wedge and starting to form a base from which it could launch. However, there is a risk that breaking below the current support level could be disastrous for the stock. Knowing that risk, would you bet on it? This earnings report (ER) is going to be a make-or-break event for the stock. Targets are...
Datadog ( NASDAQ:DDOG ) is forming a descending broadening wedge. It is trading up against the upper trendline. This is another stock that could go into earnings at a trendline resistance. If you zoom out, it is forming a cup and handle base with a measured move to $180. Which way would you bet?
Google ( NASDAQ:GOOGL ) is forming a potential head and shoulders pattern. If it plays out, the price could rise to the $185 area. Whether or not that pattern plays out depends on the earnings. Would you bet on it before the earnings? 👀
NYSE:ELF is waking up. It is currently up against the channel's trendline resistance. A breakout from that channel could send the stock to the $150 area. Between ELF and EL, which one would you bet on? As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
NYSE:EL is starting to form a base inside a channel. It is currently sitting on the POC (Point of Control) support area. The ideal area to take a position is around $80 to $74 area. 👀 As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
NYSE:HIMS watch that trendline. If the price breaks above that trendline, bear case is invalidated.
NASDAQ:DKNG looks attractive. It broke out of the wedge and is now checking back to the trendline. The ideal buy area would be around POC support. On the longer-term time frame, it is forming a cup and handle ☕️ with a measured move of $70 to $83. I hope to start a position soon. As always, I share my opinions and trades. I'm not suggesting anyone follow my...
NASDAQ:TSLA Tesla's stock is down after the "We, Robot" event. Many people will happily buy, but there is earnings report risk. We know their margin is compressed right now due to rate buy-downs and discounts. I will start accumulating if it drops to the buy area. 👀 As always, I share my opinions and trades. I'm not suggesting anyone follow my trades. You do you.
NYSE:MCD is at a critical moment. The earnings report (ER) will determine whether there will be a breakout or breakdown. The MACD is starting to show bearish divergence. 👀
NASDAQ:AEHR has the potential for a descending wedge breakout. The company will be reporting earnings on October 10th. 👀 It is a small-cap stock with a 27.67 million share float, of which institutions hold 67%, and it has a 17% short interest. This means that if the company reports a strong quarter, a short squeeze could be a possibility. The stock has formed a...
NASDAQ:AAPL There is potential for a triangle breakdown. At a minimum, it could come down to the $199 area. In the worst-case scenario, it could fill the gap around $173. As always, I share my opinions and trades. I'm not suggesting anyone follow my trades. You do you.
NYSE:UWMC is currently sitting on the 200 DMA. It looks like it might check back to the trendline. The $7 area should provide decent support as it is the intersection of the Fibonacci, Point of Control (POC), and the trendline. If that support fails, we could see it pull back to the $6.29 to $5.48 area. The RSI has just entered oversold territory, so I would...