$mgi made a nice cup and handle breakout today, going into a fourth green-day and making a new 52-week high. This low-float stock is enjoying a nice upward run in anticipation of earnings this Friday, February 19th before market open. I'm looking for it to break an ascending trend line at open at 12.1, push a multi-year resistance at 12.3, then test an expansion...
$riot is pushing the next resistance at 90. Will Thursday, February 18th be the fifth green-day?
$can is enjoying a news catalyst from 2/9. This chart has several technical pattern formations including 52-week high, all-time high, cup and handle breakout; and is currently consolidating within an ascending wedge formation. I'm looking for Wednesday, February 17th's pre-market to break above the multi-day upward consolidation trend line and test the 9-day at...
$sos is a low float, a multi-day, 52-week high runner coming off of a news catalyst on 2/9. It formed a nice pennant into 2/10 with a breakout now on the third green-day. I'm looking for Wednesday, February 17th's pre-market to test the new 52-week high and wedge along the lower multi-session upward consolidation, and the higher multi-year consolidation range of...
$pltr appears to maintain downward pressure into earnings on Tuesday before market open. Price acceleration favors long puts with a 1.07 put to call ratio (2/19). Key levels to watch are a max pain at 31.0 for the 2/19 expiry. Support appears to be 30.5, with further break-down to 28.5. Resistance appears to be 35.5 for Tuesday's open. Best,
$riot pushed an all-time-high today. Will the run continue into Friday's session? I'm looking for a push pre-market to see what the price action brings.
$riot had a nice set-up pre-market with another strong rising wedge pattern that has been a notable chart pattern for the largest movers this week. Key elements: 52-week breakout gapping to new all-time highs, pre-market breakout gap-up at open, first green-day, and my favorite pattern that I call Post-Pennant Expansion. The chart seems to 'expand' after breaking...
$pltr has a nice pennant set up and has been a multi-day runner. Looking for it to maintain support on the lower bounds into a breakout within the next few sessions.
Another strong wedge pattern that seems to be working the past few weeks. $riot is moving in sympathy to crypto news catalysts and is looking to break out to a new 52-week high for Wednesday, February 10, 2021. Resistance at 42/43.
$sq is forming a strong wedge near its 52-week high. Plausible breakout and pushing resistance of 265.
$bidu had a nice morning breakout from a wedge and new 52-week high. It looks like the market is reacting to analysts' upgrades post-$gme nonsense.
$mvis seems highly unlikely to sustain a parabolic move into a seventh (7) green day, but I noticed a deflection angle of approximately fifteen (15) degrees per session over the last five sessions. 20 by tomorrow?
$pltr has been forming a nice ascending wedge pattern in addition to what appeared to be a distorted cup and handle. Strong consecutive momentum by evidence of a fourth (4) green day, resistance to the 618 Fibonacci handle retracement and pre-market confirmed the strategy for a gap-up on Monday, February 8th. Traded 40c 2/12 at 140 entry with 210 average exit for...