CRYPTOCAP:DOGE Dogecoin is trading inside a descending wedge. The measured move for a wedge breakout is 16 cents. See targets, support, and resistance levels in the chart. As always, I share my opinions and trades. I’m not suggesting anyone follow my trades. You do you.
CRYPTOCAP:BTC I bought some more NASDAQ:MARA and NASDAQ:IBIT last Friday. My next loading point for #Bitcoin is around GETTEX:54K and below, if it gets there. Why GETTEX:54K and below? Because it is where VWAP, the 50 DMA, and the wedge trendline converge, creating strong support. As always, I share my opinions and trades. I’m not suggesting anyone...
NASDAQ:MU The stock has pulled back 33% since the July 2nd post. It’s currently sitting on support at a critical juncture that could determine a breakdown or a bullish reversal. Reclaiming the $99 to $100 area would be bullish, while losing the $94 area would be bearish. I’ll be watching this one closely and might be interested in taking a position around $90...
NYSE:BABA It looks like a successful neckline checkback. There’s a chance it could head toward the second and third targets soon. The second target area of $88 to $90 is a strong resistance and might be challenging to break. I’m guessing that NASDAQ:PDD can no longer engage in cutthroat price wars or endless promotions and might be losing market share to...
NYSE:CAVA The chart doesn’t look so good. It’s either headed for $97 or checking back to the $88 trendline. I went there to eat because of the hype, and all I can say is it’s an expensive Chipotle that doesn’t fill me up. As always, I share my opinions and trades. I’m not suggesting anyone follow my trades. You do you.
NASDAQ:NVDA I bought a small starter position today, even though I mentioned that the ideal entry would be around the $95 area. I know, I committed a sin. Instead of waiting for it to come to me, I caught it in midair. 😂 Hopefully, the stock gods can find it in their hearts to forgive me. Anyway, I’m watching the VWAP and trendline closely for a potential...
Block is another company that is up against the upper trendline of the channel. The measured move for a breakout is $80. However, it will have to break through the VWAP and 200DMA combined resistance around the $68 to $70 area. Targets: $71 $75 $80 Support: $62 - $60 As always, I share my opinions and trades. I’m not suggesting anyone follow my trades. You do you.
NYSE:DELL has the potential to break out of the wedge and see further upside. 🚀 Targets: $122 $133 $144 Support: $108–$104 As always, I share my opinions and trades. I’m not suggesting anyone follow my trades. You do you.
NASDAQ:MDB MongoDB's ER is tomorrow, and it should be quite interesting. The market isn’t very fond of the software sector right now, but a good earnings report could push the stock to the $260 area. It’s quite tempting to go long.
NASDAQ:NVDA is likely to check back the trendline tomorrow. However, if the trendline fails to hold, it could fall to the $101 to $95 area. I'd be interested in loading up if it reaches $95 or below. 👀
NYSE:HIMS This is it, folks. It’s a make-or-break moment for Hims. It’s right on the trendline. Compound drugs are on borrowed time. I never understood the bull thesis on this company. Growth means little when the drug policy that allows for that growth is at risk. 👀 As always, I share my opinions and trades. I’m not suggesting anyone follow my trades. You do you.
NASDAQ:QCOM It’s still early, but Qualcomm might be on the verge of forming a head and shoulders pattern. However, remember that this pattern only confirms if the price breaks below the neckline. Currently, the right shoulder hasn’t formed yet. Keep an eye on the $157 area for confirmation. 👀
NASDAQ:AFRM Affirm is heading into earnings tomorrow at a critical juncture, right at the point of control and the descending wedge trendline resistance. This resistance is crucial and could make or break the setup. Needless to say, the earnings report will determine what happens next. I'm hoping to see a breakout to the $37 area after earnings. For more...
NASDAQ:RKLB : Today's candle looks really ugly. We need to keep an eye on the critical support area between $6 and $5.80. If this area fails, the stock could drop to the $5 to $4.80 range. However, if the stock can hold that critical level, it may consolidate between $7 and $5.80. This is why I took profits on the run to $7. Now, I can redeploy the capital as...
NASDAQ:SOFI Rejoice, folks! We’ve got a Rising Three Methods pattern from last week. 🚀 There’s a strong chance we’ll see the price push above the $8 level. Check out the price targets I posted on August 18. As always, I share my opinions and trades. I’m not suggesting anyone follow my trades. You do you.
NYSE:SNOW Snowflake hit the first target before earnings 🎯. It’s now back in the buy area post-ER and seems to be checking back on the trendline. Earnings can always be a risk factor, and they can make or break a setup. The $122–$120 support has now turned into resistance. It’s not out of the woods yet, but this might be a good area to start accumulating. RSI...
CRYPTOCAP:BTC #Bitcoin don't forget ☕️. $85 K to $110K measured move. 🚀 As always, I share my opinions and trades. I’m not suggesting anyone follow my trades. You do you. NASDAQ:IBIT NASDAQ:MARA NASDAQ:CLSK
NASDAQ:RKLB bounced off VWAP and reclaimed the $6.60 level, which now acts as support. I’m still expecting the price to move toward $8 during this run. Keep an eye on the $7.50 resistance level. 🚀