Interesting Price action, indicated with Fib lines and new reg trend
- 200 EMA just converged with the 50 EMA; and the stock is below both: bullish signal - Recently hit a support level at 20.43, 21.18 - Reversed it's trend and began trading within a new regression channel - A break of the current Fib/resist line at $23.02, could see higher highs Optimal Entry at support levels/ or a bounce of 21.71-21.81 level PT1: 27.26,...
Very interesting chart on NVDA, I'm holding a short term bullish stance, with the break of the ascending triangle looking like a great bounce play from the upward trend. PT set at 550s, SL at a break of the triangle downwards. Supports charted in yellow could be a potential short strategy if a downtrend persists. Good luck!
A double bottom on the 4 hour chart, looks good for a quick set up for higher lows, potential green day tomorrow. Good luck!
It's possible to see 139 by October, with TikTok news, holiday season coming up, and the Walmart+ catalysts (UBS analysts estimating it will add 10 million new members by the end of 2021), I remain bullish on Walmart for the short and long-term. Support charted below at yellow levels, resistance charted at purple lines
TSLA looks bearish under 440s,430 I would buy puts especially if there's a confirmation of a break of the 50 EMA. Above 450, if TSLA can break this resistance which it's been trying very hard to do, it's possible to see 468, 490, 500 later especially with tomorrows catalyst.
Levels of S&R for FB were held these past few days, however, today's tech drop broke some of these levels. FB closed at 263.5, the same level as the support from the regression channel in August, and with the announcement of their new Oculus VR products, I took some FB calls as a swing into tomorrow, looking for a gap up. PT 1 is 265.8, PT 2 is 267.5. Below,...
If you're ever wondering whether or not the market is looking rocky, a good way is to look at Gold -- money will flow out of stocks and into commodities as a hedge, and in this case, GLD is holding within this symmetrical triangle. However, if GLD looks like it's consolidating here with the oscillators indicating strength. This *could* be a sign that investors are...
Recently, PFIE has been trading under its 20 EMA, indicating weakness. However, if PFIE can climb above .78, it could see higher highs, and a break above the current resistance represented by the full blue line could bring even higher levels towards to the purple resistance levels. However, PFIE has been holding .688 level very well -- a bounce off this level is...
Needs to break above .85 to see higher highs, in the short term. Above this level could see .89, .94, and even a gap fill. However, Rio Tinto, the majority stakeholder in the Turquoise Hill, has had terrible news this year and even a CEO that recently stepped down, which is something to be wary. However, TRQ is seeking funding from RIO and if granted, this could...
Zoom calls printed today! This looks like a breakout forming, looking for a jump in premarket with a PT of that 400 first, above that could see a gap fill between 409-423
The white liens represent strong support and resistance levels from the past decade (after testing support back on the jump in June, it became a resistance until we broke through it -- watch this level).A retracement back to mid 330s is possible, but if not, I'm leaning bullish with a PT of 356-358 in the coming weeks. A break of the following support levels,...
Although I'm bullish on Apple long term, there's a huge gap to fill between 110 and 100.
Through this week's grand and long overdue sell off, I see ROKU as a strong stock over the coming weeks as long as it stays above the yellow support levels and follows the trend line. The resistance lines shown in purple are PTs for the next week, but are only active if the market turns green this Tuesday. Roku likes to bounce off of the 50 EMA and occasionally...
TSLA saw a dramatic increase following the implementation of its stock split Monday. This led to new highs, and especially a new resistance at the 500 level. However, new support was also found at the 460 and 470 levels, indicating a good buy zone. I've also charted a potential bull flag on this 15 min chart, suggesting a possible breakout. Battery Day is the...