SNAP is now forming its right shoulder to complete an inverted head & shoulders. If we are able to get confirmation and have it break the white line on the chart - we may see a solid breakout to even new all-time highs. It is trading above the EMA 9 / 21 / 50 / 100 but under the VWAP. VWAP: 62.01 TP: 63.75 - 65.85 - 68.05 - 70+
ATVI had a nice recovery from the recent market dips - it bounced off of strong support on the daily 200 EMA. Looking to enter this with a long position. TP: 92 - 94 - 95
TRIP has formed a descending triangle. You can see how it has quadruple bottomed on 1 Day Chart. If it can hold this level of support - be ready for a breakout. If it can not hold, expect to see $42.50 and the high $30s.
LYFT appears to be flagging - channel down after ATH rejection. Seems to be reclaiming 21, looking to enter on a possible breakout. WE NEED MORE VOLUME FOR THIS TO BREAKOUT. Possible short-term downside around $58-59. EMA 9: $62.18 EMA 21: $62.70 EMA 50: $62.92 EMA 200: 62.81 CLOSED EXACTLY AT VWAP @ $61.87
UBER has been in my eyes for a while now, as we played it earlier in March. There has been a lot of sideways trading with Uber last week. Off the Fibonacci lines, we see it trading right in between the 55.83 (38.2%) and the 58.97 (61.80%) lines. As of Friday Market’s Close, Uber was trading above all EMA’s / MA’s / VWAP. Watch for a small pullback for the stock to...