UnknownUnicorn30271326

UnknownUnicorn30271326

Price has been in a symmetrical triangle for the past several months as it takes a breather from the prior uptrend. It is currently at the lower end (support) of the triangle and looks likely to bounce (it has bounced off this support thrice before). The stock could have a lot of potential upside, especially if the symmetrical triangle breaks out past resistance...

UnknownUnicorn30271326

Price has twice bounced off support at around $93-$94 forming a double bottom pattern. This generally signifies the end of the prior downtrend and the beginning of a new uptrend so it looks like a good time to go long. Price has also just broken past resistance at $96, relatively easily, and there is a bullish crossover on MACD. Despite the strong technicals, this...

UnknownUnicorn30271326

Price is currently at a well-established support (its bounced off this level 5 or 6 times already) at the lower edge of a falling wedge. Fibonacci levels also indicate that support should come in to play here. However, market sentiment is heavily bearish so we could see price break down below this support and begin a downtrend. A falling wedge is generally a...

UnknownUnicorn30271326

Price has been stuck in a falling wedge since early November. The falling wedge generally indicates a continuation of the prior uptrend; however, in this case, the falling wedge seems to be breaking down. A continuation pattern becoming a reversal pattern is a strong bearish sign; NVDA, just like the rest of the tech sector and the broader market, seems to be...

UnknownUnicorn30271326

SOFI played out a megaphone on 15M charts; a megaphone which successfully resolved upwards marking the end of the prior downtrend. Even since it IPO, price has bounced between $13 and $23 and it seems like this cycle (this rectangular channel) will continue. Accordingly, I would place a stop loss at $14 and take profits at $23. SOFI recently cleared a regulatory...

UnknownUnicorn30271326

Just like SPY, AAPL has formed a head & shoulders pattern signaling a reversal of the prior uptrend. Strong bearish sentiment in the market promises to help see this reversal through. Look to enter at a daily close below $168. If this level of support breaks down, we could see a stark drop in price. Place an initial stop loss at $169. No particular price target in...

UnknownUnicorn30271326

A head & shoulders is playing out on 4H charts. Price recently failed to hold support at $456; it is currently retesting this level, but will likely reject it and continue lower. Look to enter if SPY closes the day below $456. The first price target to secure profits is around $449 which may provide strong support. If this level fails to hold, we could see quite...

UnknownUnicorn30271326

The $457 level has been a well-established level of support in recent weeks and months; the price was bounced off this zone 4 or 5 times already. Earlier today, we experienced yet another bounce which seems likely to carry price up to $468 before it sees any significant resistance. This bounce also marks the formation of a double bottom signaling the end of the...

UnknownUnicorn30271326

A lot of technical signs warrant taking a bearish thesis on PG. The first, and perhaps most significant, of these signs was the double top that occurred early 2022 when price twice rejected the $165 level. Consequently, the uptrend reversed; the bears took control. The next sign was the downward resolution of an established ascending channel. This downside break...

UnknownUnicorn30271326

BA is currently in a well-established descending channel that's part of an underlying uptrend. And it seems ready to breakout past the channel's resistance. It is worth noting that BA has experienced similar descending channels twice before and price resolved higher and continued upwards both times. In this case we should be looking to enter long right after a...

UnknownUnicorn30271326

Price has recently twice bounced off support at around $211 forming a double bottom. This signifies a reversal of the prior downtrend; the new uptrend, thus far, seems to be quite strong. Take most profits at $216.50 where, according to Fibonacci levels, we could see some resistance. If price breaks out above that it may be worth holding a few runners with a...

UnknownUnicorn30271326

Price has just hit an established level of support (previously, price has twice bounced from this level). There is also an overlying ascending triangle; price could breakout of this consolidation around the end of the month and continue the prior uptrend. From a broader perspective(hourly chart), UPS has formed an inverse head & shoulders pattern. Although inverse...

UnknownUnicorn30271326

MSFT has formed a double bottom with price twice bouncing off support around $304. This suggests that the prior downtrend(that carried price down from $344 to $304) may be reversing and could be a bullish opportunity for investors. Price target #1 is around $314, the first level of resistance; PT#2 would be around $323. A stop loss should be placed at $303; if...