MAR breaking out from descending triangles making higher lows in the last 30 days long over 145-147
on the 1hr chart, ULTA price action forms a reverse S/H/S + cup & handle. Very bullish going into ULTA's earning nex week
CAN breaking downtrend and the demand zone is well held. Go long here for a possible reversal at fib 0.618 for first price target, stop loss at volume POC.
Green dotted line at $84.83 is the horizontal support in the new trading zone; Redline at $82.66 is the Point of Control(POC) for the volume profile, meaning $82.66 level has been traded the most; And $78.23 is the horizontal support for the previous trading zone between $78 and $84. JD recently has been trading in a local downtrend tunnel highlighted in the...
Nio very near the previous trendline in green. expecting Nio to break the recent downtrend in dashed redline. There might be some smal resistance around $45, co-inciding with fib 0.382, but a mid term price target of $50 coinciding with fib 0.618 is very reasonable.
BABA recovering & multiple lvls to play for from 2 fib retracements, previous demand zone, and gap fill. PT as shown in the chart
BIGC on watch for a breakout. new demand zone formed just below 70 and BIGC just had a strong trading day, attempting to break out from the downtrend. MACD green bar is a good indicator. Enter play after a breakout confirmed by volume, PT1 $78 on fib0.5 and PT2 at $86 for a full recovery.
PINS break out from downtrend and closed in fib golden pocket. Play the breakout above 62.50 level and need volume to confirm a trend reversal. Price Target 68.93 & 73.51 based on fib retracement
multiple levels to play for, SQ go long
Russ2000 recover at a much more rapid pace than SPY from Sept, broke out from its October high and Feb highs before COVID-19 200SMA has flattened and 50/100SMAs are both sharply pointing up, expecting w/ the PFE vaccine news, we can expect a very bullish run from Russ2000, outperforming the other 3 major indices.
QQQ has been trading and testing the trendline last week. QQQ & NQ were among the weakest in the indexes last week, but the breakout is over due. I don't anticipate QQQ to return to the august high, but we can expect QQQ to breakout with SPY together next week and return to its September high near $297
S&P finds support around $355, reached the price target from last week of 357 multiple times. Post-2016 election we had a very similar breakout and retest from the previous high. In 2016 that took about a month to mature, and in 2020, w/ the news from PFE , we accelerated the process, but I expect the history will repeat itself and we will have a nice bullish run...
Williams %R Oversold Bullish Crossover: JD is currently oversold, and momentum is showing signs of a trend reversal. JD already gapped up above support, expecting JD to hold support level and run up towards ATH
Logitech benefited from COVID, webcam sales surged by 258%, and upgraded its projection Y21 outlook to 35-40% growth from 10-13%. The selloff from PFE's vaccine news is definitely an overreaction, and CCL has a bullish cross over 20MA and $81 support is tested. Multiple levels to play on LOGI, short term target: $85 - $90
FVRR oversold from the vaccine news. FVRR's momentum is showing signs of a trend reversal. FVRR closed at a previous resistance level, we need volume to confirm a breakout above the 166 level. Short term price targets: $181 $191
NIO has very bullish indicators, continued high volume, TTM squeeze and MACD still shows there is room to run. Short term target, expect to NIO easily recover back to $43, and an extended pricet target $45.86
BABA closed near resistance around 300 - 301. If BABA closed on Monday above 300, we should be very bullish and expect to see 310 by EOW.
PINS in fib golden pocket, expecting PINS to recover to 69 & possibly breakout to 72