Long term resistance still in control of BIIB but there is potential for a short term bounce here. Target sits at previous high but this is highly contingent on BIIB's ability to break some of the long term MA's and Gann levels. Its earnings beat might give the bulls enough confidence to push it higher as short term support levels have appeared to hold.
Daily support held for UNH in confluence with the 2/1 Gann which I would argue is solid confirmation that the trend remains intact. UNH was due for a correction so this is the kind of support we like to see especially after beating earnings and an sell-off throughout the market. Despite good fundamentals, they might not have been as good as investors wanted but...
Despite some bullish divergence, it looks more like BLDP will consolidate around this level until earnings. Only some strong fundamentals will be able to send push it past the previous high.
The market got the better of RLMD as it tried to break it's ATH last week at $47. Momentum looked set for a breakout so although it got swamped by bears, it looks like we're setting up for another try. Supported on 3/1 Gann so just watching for a confirmed return of bullish momentum, the stoch is gonna be the first one to go. Also, an upgrade to buy from Wedbush...
ORCL hasn't been able to push past the daily resistance level but looks like its finding support again. Watching momentum.
CMCSA beat earnings last week but a potential run higher was thwarted by the overall negative news/low confidence in the market. Average analyst 1yr target is $51 and most of the bearish commentary on CMCSA is around the company's $100 billion debt. Long term performance outlooks are bearish but there is definitely some room for short term profit and indicators...
If you like to gamble DIS could be the move... Purely a guess here but DIS has fully retraced from its last earnings report so beating estimates again could send DIS soaring, lots of room to run higher and well supported here. The value of Disney plus is still uncertain but the average analyst expectation for subscriber numbers is around 25 million for this...
Posted earnings today at $1.56 with expectations of $0.86 Indicators showing early signs of a reversal but MPC has consistently beat earnings in the past only to see a drop in price.
Higher highs and higher lows for PTON after it broke the wedge. It botched earnings last time but the holiday season is certainly a interesting point for potential here. Looks like investors are slowly loading up for the chance that it beats but a big jump upward will depend solely whether it does so or not. Current target at previous high.
SEDG bounced hard off the daily support level and left a decent sized gap from the correction earlier this week. Good day of bullish action, looking for a small revival of the trend heading into earnings.
Almost a loss of support yesterday but regaining it would help start a climb back to the previous high. Watching momentum on hourly.
Would like to see some consolidation at the current level, BLDP was super volatile during its last run but posted massive gains. BLDP is already up to $9.72 pre market so the volatility continues. Watching this one.