Alerts et for a break above the Point of Control (POC) Channel break today. RSI crossed above mid-point Targets price $150
Nice descending channel formed and the stock found support today on the December pivot with the help of the Moving Averages. After a week of heavy selling maybe its time to make a run higher once more.
Alerts et for break above the 2018 Pivot Point for potential long entry. Fibonacci Golden Pocket at $280 must be cleared where we also have a volume node as resistance. Above 280 and its back to the ATH while the market remains strong.
After a 20% drop this morning the stock staged quiet a nice recovery after hitting multiple supports= - The Fibonacci Golden pocket - The ascending trendline - The 100MA. resulting in a 10% reversal trade. Lets see what Fridays brings and the possibility for a bounce in the Nasdaq and Biotech sector.
Please take not of the significance of the February candle open, today it was where the battle between Bulls and Bears was fought, unfortunately into the close the Bears came out on top and we closed below this key level. If NVDA AMD etc are to rally this level needs to break on heavy volume and set up a recovery for the sector next week. As the month end...
Another of the topical stocks from today which may be on for a greater move in the days to come. Pivot points and Gap Fills are potential targets .
RBLX has found support once again on the Fibonacci Golden pocket for the 3rd time. It may offer some potential for a bounce for reversal trade in the days to come. Targets $70 & $72
Potential for LIVX to get the NFT pump in the days to some as others have gotten into the overbought region. Given the weakness in the small caps, NFT stocks have been teh focus of day-traders , until teh market recovers that trend looks set to continue tomorrow. LIVX really has very little price history or resistance above the current level so be prepared...
Facebook outperformed its counterparts last week after making some very bullish technical moves, - Broke the 2020 downtrend -made a higher high . -$295 if now a level of major Fibonacci expansion and extension confluence, if broken $300 is key phycological resistance. -
The strongest of the mega cap stocks has thus far managed to hold the gap up from the February earnings pop but will struggle if its fellow FANG members fail to find some traction. The current channel support is $2000 below which we have our alert set for a potential short entry. to the upside the mid channel and POC (redline) is key resistance between $2050...
Unless the Nasdaq can stage a major reversal in the coming days AAPl looks very vulnerable to more downside due to the following factors. Bearish weekly candle, 21ema now resistance. RIS dropped below 50. MACD bearish. Volume remains bearish Historically selloffs in the stock have went much deeper. POC at $115 now crucial level for Bulls to hold below which...
It seems inevitable that the rise continues and the demise in tech follows. From a technical perspective the next level of resistance will be at 1.8 where the Fibonacci 0.5 level sits in confluence with horizontal price resistance . Experts have signaled that the line in the sand is 2, until then tech will suffer selling pressure and volatility.
As the airlines continue to climb higher AAL hit the .786 Fib level and got rejected, a break above $26.00 is the next opportunity for longs. The RSI is now 73 so some more consolidation may be required before breaching that resistance.
BABA bounces off multiple supports. 1) Fibonacci Golden pocket 2) Major pivot point 3) 20MA. We caught a nice reversal yesterday within our community, lets see can we get continuation today.
The current situation in TECH comes as no surprise to investors, the sector has been discarded before, Experts have said its the "END" on many occasions. From the chart you can see that these corrective stages last a average of 90 -100 days before making a new high. We must only look back to Sept-Nov of 2020 for the last event in which buyers in tech were...
After a 8% drop during the normal trading session some less than positive news has resulted in a further 15% drop in the after-hours session. That dip has however hit some major supports which may just be enough to entice bargain basement buyers. We have confluence of support from the rising trendline and a notable volume shelf. Lets see what tomorrow...
Having caught the wedge break for some nice gains, the stock is now stuck under the Fibonacci Golden Pocket resistance. Alert set @223.50 for a potential re-entry. RSI has room to run . Stochastic bullish
CRWD has jumped in the after-hours on impressive earnings but that spike has been halted by the 20ma resistance. The stock is now within support from the local Fixed Range POC @ $217 and the entire range POC at $220. For the stock to break above this range it will need great strength in the overall market. Please drop a like or comment if you find out...