I expect BABA to retrace lower and eventually break support of triangle before filling the gap to 191 similarly to what happened on the previously gap fill out of the falling wedge.
Buyers have been picking up shares at this level but are likely getting exhausted as it fails to break resistance and is making lower highs. Buyers will slowly fade out and move to more worthwhile investments after repeated failed breakouts
BAC is in a falling wedge but has been consolidating and building bullishness towards the bottom and I expect a breakout to the topside to occur - bullish above 22.20
Textbook rising wedge with multiple diverging indicators, expecting a nice breakout with good risk-reward balance 👍
I’m less confident in this one but AMD is still technically in a bullish flag formation, just lost 20 day MA but could easily retake in the morning, and there’s another support level below the flag break that could foster a bounce but below that we could see decent downside. Also despite the EOD move buying on AMD was stronger than the market which gives me hope...
WORK has been trading sideways recently, however it’s still holding strong on the 20 day moving average and holding the demand line consistently and looking for a break of near term trend and then volume to come in for a move and squeeze thru $30 price range.
SPY is in a bearish triangle on the hourly and has a gap to fill from 285-283 with a breakout to the bottom of the triangle. Expecting to see 283 zone within a day or two if we don’t break 287.5
See chart for details! Expecting topside breakout shortly!
I missed this in my sweep but this is a textbook falling triangle with huge gap fill potential. 10/10 shorting opportunity with lower highs and the eventual squeeze to downside.
SHOP was in textbook form the last few weeks and was primed for a pump into ER - here’s why.
Bearish on AAPL based on price pattern and momentum.