brycat23

brycat23

RDDT on high watch for me this week as we are testing 20d SMA, a double top, and multiple long (green trendline) and mid-term (blue trendline) trendline supports between 164 & 162.5. Bearish in RDDT below 170 and have short term target of 155.5 & 151.5 if we get a high volume trend break. RDDT has also exhibited weakness within broader megaphone trend as we've...

brycat23

Summary: MARA has been forming a large cup & handle over the past 4 months and appears to be setting up for a healthy breakout. Looking for a long entry on daily close above 27 on handle break or a break above 27.5 with a 24.5 stop loss in mind. Time horizon for the trade is long term; pattern formed over about 4 months so I like to allow at least that much...

brycat23

Summary: SNAP is forming a bullish inverse head & shoulders on multiple timeframes. This trade and target are largely based on the larger pattern (4hr time frame), however I think the pivot points and the 30min frame showing the slanted inverse H&S will provide for a high quality entry in the middle of the right shoulder so we don’t need to wait for a break of...

brycat23

Summary: TSM has been a semi-industry leader (along with NVDA) last 3 months and it is forming and inverse head & shoulders pattern on the longer time frames (you could also call this right shoulder just a bull flag setup but it's bullish either way) and I am expecting a breakout in the next few trading sessions. Will look for calls on the confirmed break above...

brycat23

Summary: NVDA is forming a bullish inverse head & shoulders on the longer timeframes. This trade and target are largely based on the larger pattern (4hr time frame), however the 1 hour time frame gives us a high quality entry on the break of 143.3 in the middle of the right shoulder so we don’t need to wait for a break of 146 for entries. Stop loss invalidating...

brycat23

Summary: TSLA is forming a rising triangle continuation setup against 358-360 supply zone. Multiple instances of sequentially higher lows and similar highs Expectation is bullish breakout and PTs would be 370 & 380 after a confirmed bullish breakout above the 360 supply zone (or 362.53 pivot if you want to be safer). Stop loss after entry would be 355 (or...

brycat23

Summary: AMD has been in a multi week (beginning 11/12) inverse head & shoulders pattern that formed within a broader descending channel. There is very little selling pressure on the current test of inverse H&S neckline (142.9) and trendline resistance so I would expect a small, low volume pullback before we get a breakout above the neckline and full reversal. ...

brycat23

BTC has been consolidating for in a bullish consolidation pattern within a broader rising channel. Volume has been drying up recently which I expect will lead to a strong move and a test of ATHs. I'm expecting a break above neckline resistance to carry us into the 99950 range which is both an overhead supply zone for ATHs and is the trendline supply zone. This...

brycat23

Summary: Ascending Megaphone Pattern displaying higher highs and higher lows, with a steeper resistance trendline. As you can see, this pattern showcases increasing volatility as the trendlines are diverging over time which intuitively makes sense as this is a recently IPO'ed company and buyers and sellers are battling heavily to figure out the fair value.

brycat23

Summary: MARA is in a rising wedge last 2 weeks which has a bearish breakout bias. Additionally we saw heavy selling pressure on recent test of trendline resistance both in terms of PA and volume which suggests it's not ready for more upside yet.

brycat23

Summary: UPST is high watch alert for me this week - this ticker consolidated after strong ER results and has traded sideways for over 3 weeks and now getting ready for breakout with cup and handle driving into overhead supply.

brycat23

3 year long cup forming with massive long term upside potential and good short term breakout potential as well. Strong ER acted as catalyst for support bounce off 381 and would expect the news and bullish bias associated with the price pattern to lead to significant breakout over the coming weeks.

brycat23

LULU is entering a really important level here and is close to breaking out of a ~3 month descending channel. As a result, I would expect a strong move at breakout if we get one and a swift move to 483 with a high chance of testing 491 in the next few trading sessions.

brycat23

Key Takeaways: +Since ER gap up we had a continued uptrend leading into this tight $15 descending channel which I am approaching with a slightly bullish breakout bias provided we hold the key demand box +Trending above 20d SMA and 20d SMA > 50d SMA > 200d SMA meaning we are in a healthy uptrend +I would expect ~$15 move topside after breaking the TL resistance...

brycat23

Key Takeaways: +Consistently making higher lows after strong uptrend and is forming into rising triangle on flat supply zone for ATH breakout +Trending above 20d SMA and 20d SMA > 50d SMA > 200d SMA +I would expect ~$9 move topside after breaking 289 which would send us to 298 & ATHs, based on the height of the rising triangle consolidation pattern

brycat23

Key Takeaways: +Consistently making higher lows (5 times) and squeezing into triangle on flat supply zone for ATH breakout +Trending above 20d SMA and 20d SMA > 50d SMA > 200d SMA +After running up from 260 in early Jan we've found a horizontal supply zone at 308 which we should squeeze into should we continue making higher lows +Breaking 308 will send us to ATHs...

brycat23

Three Black Crows on Weekly: Increasing weekly selling pressure after rejecting 2021 trendline resistance - these look like 3 black crows off resistance IMO which is a strong bearish reversal indicator. Gravestone Doji on Daily: Not shown here but he daily close was a gravestone doji right next trendline support.. We could bounce but seeing strong selling...

brycat23

Really nice bullish setup here on AVGO with possibly Cup & Handle forming - hoping we see some consolidation in the form of a high and tight handle and then are able to break the 1002 level with some gusto. ADD IT TO YOUR WATCHLIST!