$BA has a good r/r currently. BA formed a hammer candle at the bottom of a micro downtrend. Price bounced off long term support. Price also reversed near the .382 fib retracement level. I expect the market going forward will correct through time, not price. Possibly see sector rotation (money flowing out of growth/tech and into cyclical's/reopening plays).
We have a golden confluence of technical analysis that supports an imminent bounce in FB for next week. Currently FB price action is right on it's long term support. Price is orderly going downwards in a perfect descending channel. Price is being supported by fresh demand zone. Also by looking at the price action from last week we can extrapolate that FB is...
SQ is my only priority going forward next week. SQ with an inside day currently sitting on long term support. There is also tailwinds coming from crypto with the start of a new uptrend in BTC. On the 1H we have an inverse H & S with a clear downtrending neckline. Target is the gap fill at $258. I also think SQ is a swing play. Price has consolidated in a...
futu really giving me jks vibes. if u look at jks chart after jks broke key support it was bearish and grindy price action. it went on for several months. if u lookin' to capitalize buy atm leap and swing trade it.
emotional sellers meet technical buyers. dats what z looks like to me. we got a massive h & s for z and a subsequent breakdown and for the past year bearish price action. today finally marked a turning point imo. we got a reversal candlestick, price bounced from a technical price level, and huge volume the past few days.
spot with the legit h & s pattern. weak price action. yesterday's bounce should have continued for spot but overall market weakness dragged it down. if spot continues to get weak price action expect waterfall price action.
after big price movement hood has been consolidating for the past 2 weeks. it is currently forming a bull flag/falling wedge price action. today just filled the gap left open from aug 4. usually after gap fills you tend to get strong support at that area. looking for a bounce from here.
-boosung
NET is a swing short. Targeting $111.11. Don't overstay you're welcome being short in NET. NET is definitely one of the next gen leaders of the stock market. It is still in an uptrend.
