TriumphOne

TriumphOne

Breakout and Retest: LUV has broken out of a channel and subsequently retested near the 32.53 gap fill. This retest indicates a possible support level, suggesting that the stock might be gearing up for a rebound. Profit Targets: Based on my analysis, I’ve identified two profit targets. The first one lies at 34.82, and the second at 36.90. Notably, these levels...

TriumphOne

SHOP daily chart could find channel support. With a break of the channel, gap fill around 48 is in play. Potential profit target of $69 in both scenarios.

TriumphOne

QQQ gap at 374.19 hasn’t been filled yet. Also, there’s an upward sloping trend line around 373.19, which could support the price. If this year’s upward momentum keeps up, QQQ could aim for a target in the 384 to 385 range next week.

TriumphOne

Let’s take a closer look at QQQ using the daily chart. There are two gaps below, indicating a potential area of interest. Gaps often act as support or resistance levels in the future. Considering the historical price behavior, a pullback of 4 to 7% seems plausible. If we anticipate a pullback within this range, it presents an opportunity for traders to consider a...

TriumphOne

QQQ rising wedge - possible reversal pattern. The 2023 rising trendline (Jan 06, Mar 13) could act as support w/ PT 333

TriumphOne

could be a topping pattern similar to ATHs in 2021.

TriumphOne

starting to look like Dec 2021. a rejection below 313.68 will convince me the market is ready for the next leg lower. A break of 313 could take QQQ to 333. thoughts?

TriumphOne

my ideal scenario would be a rejection off 303.17 to go short w/ pt at 294.43, then long from there to 328.92.