MSFT is in a falling wedge which has a strong bullish bias upon breakout and the momentum oscillators are showing flat or even beginning to uptrend despite the stock price falling $5-7 over the past two sessions.
With SPY nearing important support level of 275-273 zone the VIX is a great tool to predict the pending reversal and bounce.. VIX is in a rising wedge and has a little room to rise before breaking to the downside which I expect to happen next 2-3 trading sessions. Good time to watch for TVIX or a SPY pop soon.
CLVS is in a bullish price pattern and is gaining momentum along a key support zone, will be looking for breakout next two trading sessions.
PINS is demonstrating a textbook bearish triangle on hourly timeframe and has weakening momentum which leads me to bealieve the sellers will win this battle and send it down to the tone of $1.5-2 next few trading sessions on breakout
I am near term bullish on ZM despite still being fundamentally overvalued; a technical bounce in rising wedge and larger bullish channel seems very likely 👍
Watching FB on Monday PM.. setting up for a nice falling wedge off the flag pole and they have a strong bullish bias and they also have the bull flag continuation bias. Also has a longer term support around 195 area if it were to keep falling but momentum is flipping in the 202 range 👍
Bullish Triangle forming on SFIX on longer timeframes as well as a potential bull flag within the pattern.. Expecting a breakout topside within the next 5 trading sessions. Above current supply levels, there is a nice gap to fill but will be looking for LEAPs or to buy shares and take a quick 10-15% on the break.
Expecting the bearish triangle (continuation of downtrend) to break to the downside within the next few trading sessions.. Reversals so happen but the bounces have been small and the buyers should lose the tug-of-war soon - just have to see what the market gives us and wait for entry and confirmation.