NASDAQ:HNST is forming a potential inverse head and shoulders. ER is this evening. ER will determine the fate of the setup. The stock is currently trading at neckline resistance. Targets are shown in the chart. As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
NYSE:LMND Lemonade has been basing in stage 1 - the bottom, for the past two years. It is currently at a major resistance that has been hard to break in the past. Once it breaks through the resistance around $25, it will mark the beginning of stage 2 - the uptrend. Beware of false breakouts, though. It is currently beginning to enter overbought territory, so I...
NYSE:HIMS ER is next week. So it really is a coin flip. But if we take ER out of the equation and purely from a technical perspective, I think it could pull back below $17 at a minimum. No position. Just helping someone. As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
NASDAQ:DNUT Krispy Kreme is trading within a channel. If the earnings report (ER) is good, I could see it heading to the first target. 👀 There is certainly a risk of the stock dropping to the lower trendline of the channel if the ER is bad. Knowing the risk, would you trade this? As always, I share my opinions and trades. I'm not suggesting that anyone follow...
NASDAQ:RDFN I traded this stock for a breakout, and it played out. Currently, there is a possibility of a head and shoulders pattern playing out. I wouldn't touch it going into ER. I would load up if it pulls back to the $7 area. As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
NYSE:PINS is trading inside an upward channel with higher highs and higher lows. The earnings could make or break the channel. If the ER is good, it could hit the $36 area. It is a risky earnings play. As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
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.