Apple's chart looks bruised! After a big drop, it's testing a key support zone around $170. A bounce here could be a buying opportunity, especially if the MACD turns bullish. BUT, failing to hold this level could mean more pain ahead. Is Apple a bargain at these levels, or is there more downside to come?
The S&P 500 just hit a wall at 5,074—smack in the middle of a long-term rising channel. After a steady climb since 2020, this index is flirting with a critical resistance zone (the red band). Will it break through to new highs, or is a pullback looming? The stakes are high for retail investors watching this tug-of-war. I’m curious—what’s your take on this setup?
Home Depot's chart shows it just broke out of a descending channel! After a steady downtrend, it's pushing past resistance around $370. Is this the start of a sustained rally, or a temporary blip before it heads back down? Keep an eye on the next resistance level near $383 – a break above that would strengthen the bullish case. Are you betting on HD's strength, or...
Morgan Stanley's chart is at a critical juncture. After a slide in a descending channel, it briefly poked its head above, but that breakout looks shaky! Now it's dancing around the $115 support zone. A solid hold here, and we might see a bounce. But if that support caves? Watch out for further downside. Is MS about to regain its footing, or is this just a pit stop...
Amazon's chart is hanging around $192. Think of this zone as a tug-of-war between buyers and sellers. It's acted as support before, but can it hold again? If it fails, look out below! On the upside, cracking through the $216 resistance could signal a breakout. Will Amazon finally break free, or is it destined for more sideways action? What's your game plan? Are...
Despite AMD's slide in a descending channel, a potential "inverse head and shoulders" pattern is emerging (see those shoulders & head?). This bullish signal suggests a possible trend reversal if it can break through that resistance near $116 (the "neckline"). Channel breakouts + patterns? Intriguing! Is this AMD setting up for a rebound, or just a tease before...
Check out Ulta Beauty's chart – looks like it might be prepping for a breakout! We're seeing what appears to be an "inverse head and shoulders" pattern forming (see: left shoulder, head, right shoulder). This formation usually signals a potential trend reversal, suggesting the downtrend may be losing steam and a bullish move could be brewing. If it breaks above...
Potential Scenarios:
Bearish Scenario: If the stock breaks the neckline at $250.96. The downside target is generally calculated by measuring the distance from the head to the neckline, and projecting that distance downwards from the breakout point.
Neutral Scenario: The stock could consolidate around $250, fighting to break upward.
