SpinTrades

SpinTrades

PYPL is right at a long term trend line extending to March 2020 lows. It's highly correlated with SPX/SPY and looks ready for a bounce. Best over 238.10 which should serve as price action resistance/support.

SpinTrades

This is a big pivot for EA. Has put in a double bottom off the lows and should make a nice move over this level.

SpinTrades

Cigarette manufacturers have seen some strength recently alongside dividend stocks. PM does not benefit from the same rumors MO does (entrance into the marijuana market) but still looks primed to break out of this rounding bottom base. Recent highs of 91.32 should provide a strong entry.

SpinTrades

Putting in an Adam and Eve bottom. Looks ready to retest ATH in the coming weeks.

SpinTrades

Great looking weekly and monthly charts with a double bottom/rounding bottom that it is just beginning to break out of. Eyeing Jan 2022 50-55c.

SpinTrades

Great looking chart with strong volume coming in the previous session, so far forming a hammer candle on the daily, looking for a move to re-test the 35.00 area.

SpinTrades

LAZR was the victim of having 'too many eyes' throughout Jan and Feb and the consolidation broke to the downside. With earnings out of the way it has put in a bullish engulfing candle on the daily with large volume. In other charts we have seen how a consolidation that breaks to the downside can still lead to a large upwards, this one could be sneaky.

SpinTrades

Retail charts are looking strong into the next week and may benefit from stimulus spending. Looking for TGT to back test the ~185 level after it ripped last session. 189.00 area is a high volume node to watch out for and enter over.

SpinTrades

Weekly chart looks strong, with a reclaim of this channel it should retest the top in the coming weeks, targeting the 102.00 area based on fib and price action resistance.

SpinTrades

Other than the March 2020 crash, LULU only reached oversold weekly conditions in September of last year after which it rallied 25%. Will we see a similar bounce here? Will depend on strength in NASDAQ/QQQ.

SpinTrades

Nice consolidation on this one forming a symmetrical triangle. Entry over the 50% fib which will flip this bullish on a mid term timeframe.

SpinTrades

This is a critical week for the market and the indices. Short term fibs, price actions support/resistance, key moving averages, and volume profile shown. A bullish descending broadening wedge (thepatternsite.com) is the primary pattern identified. Analysis is provided for SPY to assess volume trends and to align with tradable levels on the ETF. In Friday's...

SpinTrades

Has the same look that RKT did, coiled and below its IPO opening price currently. Entry based on price action, all time fibs should provide resistance.

SpinTrades

Following earnings in December this began a downtrend and has been mostly consolidating since. In this inverted head and shoulders pattern it is making higher lows and with today's price action has based over a major 78.6% fib line, with VPOC support underneath. A move over recent highs could get this moving nicely.

SpinTrades

NET has been beat up since earnings, had strong volume on Friday's trading session, is SlowStoch oversold on the daily, and could catch a bounce if tech does.

SpinTrades

Before sharing any setups its important to take into account SPX for a broader market picture. The good news is that it looks like the risk of downside is somewhat limited, but a further fall opens up far worse possibilities. The less good news is that if we hold or bounce we will be in a high-volume congestion zone which could be a poor trading environment,...

SpinTrades

This is a similar setup to AMC last week and also a stock with high short interest. these tickers can sometimes show relative strength when the market is soft. Looks coiled to spring higher, but falling below 24.05 would lead to a breakdown.

SpinTrades

This chart was looking strong and has curled up from the base. Positive tailwinds from NY reopening news. Entry marked over post-market high. We’ll see where it lands after open.