Price bounced off Reversed Fibo 0.618. Let see what happens!
There is a possibility that this is going to form a head and shoulders. Let see what happens!
I believe that GME will have a positive week ahead. I can say the technical aspect of this stock gives me a better perspective that it will turn to have an ideal trade with the help of a good volume.
I can see that $BA has a strong momentum upwards. However, there is a process that it has to go through to unlock the $300 level. This is a weekly chart that represents the major areas that we need to be aware of. The confluence of the 200 MA & Major key resistances at $287.75 in the weekly is saying something about the possibility of a pullback before it goes up...
As we can see the price is bouncing up and down creating a sideways direction. This week gives me great hope for a reversal pattern to break above the Darvas Box.
The market is very volatile due to the upcoming election. I am seeing a little build-up to form a cup and handle for $AMD before it goes up again.
Snap entered the overbought level. This is due for a pullback before it proceeds to go back up again. Price is going to respect the RSI indicator. This is the best time to short the stock before going long. Momentum is great but we need a healthy pullback.
$AMD may potentially establish sideways trading or may revisit the GAPS before it makes another breakout. There is also a possibility of a double top pattern.