META already entered into it's earnings gap up. My bias is towards a continuation of this gap fill and looking to enter below a break of 171 eyeing 167.45, 163.25, 158, and 153.76. At the final level, I will look to see if META bounces or continues to fall below. I will also eye the 171 level for a possible bounce.
I'm loving how AMD looks across the board! On the Daily, we have the 200 holding as support at 79, and the 10ma holding it as resistance around 82.56. MACD is starting to show weakness on the D with the histogram fading and losing momentum and it looks as if the MACD line is about to cross below he signal line. I will look to enter towards the downside if we...
AMZN consolidating on the primary trend line and the wedge of the secondary trend line. A break above the daily 100ma, at 99.75, I'll look to take it to 101.18, 103.63. Between the 200ma, 100ma, and 50ma, AMZN has rejected the primary trend line and broke below a key level at 103.63 and closed below both the 200 and 100ma. The next Moving Average support...
CPI data, jobless claims, housing starts! The Economic Calendar has a full week ahead and I believe this will be one of the deciding factors into what the market will do in this pullback. Broke an important supply zone around 408/409 and pulled back Thursday and closed on it on Friday. This week my eye is on data and if we break above 408.85 to take profit at...
Chart patterns are very subjective. I see this as a symmetrical triangle, meaning it could break in either direction. But if I adjust my trend line, I also see it as a rising wedge, which is a bearish chart pattern. Either way, I will look for a break above 45 for calls with a target of 50.30, OR a break below with a target of 41. Either move will be an amazing swing!
NASDAQ:NVDA I like what I see when looking at the Daily. In just over a month, it has gone from 130 to 221; almost a $100 gain! We see it formed a base, which we can now see was an accumulation at the demand zone, and broke above 1/9 around $153. Met resistance around 194.50 where it previously resisted in 12/13 and completed a double top between 8/4 and...
After news came out about their new initiative to give people on the way to a job interview a free ride, my eyes have been on LYFT. I immediately took note of their fundamentals.. whew! In its history, its only missed earnings twice! In my opinion, LYFT has longevity potential! With earnings coming up next Thursday, I love the position this stock is sitting in...
With Oil companies reporting earnings and also a majority of them attempting to break ATH, I have my eyes on SHEL, CVX, and XOM. CVX and XOM already reported earnings and did not have an all around beat but CVX beat revenue and XOM beat earnings! SHEL is set to report their earnings on Thursday pre- market and I will be looking to enter into a swing in either...
I am keeping my eye on the Demand Zone found around 10900. We have held this as support since the yearly low in October. And watching 11080 which has been a resistance level. Above here I feel comfortable taking Calls
I see a symmetrical triangle here! Triangles are either bullish or bearish depending where it breaks. I’m super cautious because it hasn’t broken below here since it first broke above. This is a strongggg deman level and if we lose it? Ooooweeee down goes Frazier