Keeping a close eye on AAPL today and the next few days, as it may have broken out of its downtrend line once again... vital to see it retest that line as support now and bust out of this funk. It's held itself along a support zone quite nicely, and apart from a recent momentary tick down, it also held it's uptrend line that stretches back from September. Last...
Looking at ALB, it can be seen it recently broke free of its downtrend set back from Jan but has continued it's momentary downtrend (as shown by the two red lines). As it stands two scenarios I see playing out.. Bullish case: ALB can push through this downtrend line, bounce off it as support and then onto the next challenge of the red resistance band at...
FOUR has had a phenomenal run with its up-channel from IPO and whilst the recent breakout above has come back fairly quick, I'm encouraged by seeing it attempt to form support out of its previous resistance band at 82-83. I've drawn in some extended lines of the channel that may act as some guide if this continues on such a path. Long with FOUR but would set a...
ADBE recovering well, back in it's rightful territory after great earnings, breezing through what could have been former-support-as-resistance. Regaining both its 50 and 200 day sma is great.
As can be seen, ETSY fallen through its upward trendline but found support in its 192-190 region. Now it faces that very same trendline as resistance. Rejection of being to breach this, probably going to result in some more short-term pain.
After a pretty bearish H&S signal being formed the last few months, and a slight bounce around support and resistance bands, all AXON needed was a little kick and it's fallen through support. Entering a short position on this after it breaks 138 for sure (could rally briefly) and ride it down to 120ish before buying back. Not much to stop a drop down from 138 to 120ish.
Looks like DHR came through a resistance area. Looking for it to either consolidate along the green bar (former resistance to become support) area of 220-219ish and then make a move higher. Expecting it to hit a bit of resistance around 226. Hoping it'll consolidate like it did in November before a stretch higher. MACD crossover looks supportive of a move up in...
Not usually one to speculate which way the market is gunna go but I see it probably taking on this form. Bullish case: Brief retest of support area of 13,000ish (blue bar) and boost back up, maybe get back into the former channel/ascending wedge (blue dotted lines).. former resistances become supports.. End pattern might look like an inverse head and...
Looks like the SPX has set the stage for a head & shoulders bottom reversal, of course looking to see true confirmation in today's price action. Should be a very pivotal moment in the SPX. Keeping an eye on key region of 2800-2815 if the right shoulder truly forms, and also keeping a close watch on that support level of 2620ish... if broken this could pave the...