Meta has just been getting annihilated in the market. With it's current trajectory, we're likely gonna fill the gap at 175 and we could see gap fills in the 158 area before bottoming out.
McDonalds has been taking a beating over the war in Ukraine.
It's starting to look pretty good for a long term buy into the recovery that'll ensue when tensions start calming down. Last week we broke through support at 231 but bounced off support at 218. With the Russia exodus estimated to cost McDonald's 50 million a month, we could test previous support at 205...
$SQ looks like it's starting to curl up. It's oversold on the weekly and the MACD is getting closer to green. We may see a run back to the bottom of the channel to test support turned resistance at 192. If we break through the channel, we could see a test of 281.
With a disappointing earnings, looks like we're heading to the bottom of the multi-year channel. I would wait for us to test 200 before trying to play any bounce.
With the Russia-Ukraine conflict and oil prices skyrocketing, solar stocks have been rising as well. We saw a perfect bounce at 200 and could see a really all the way up to 379. Depending on the news, may be able to push to ATH.
We lost 89.95 so looks like we're gonna be bouncing around the channel again. Bottom of the channel is 51.11 so it may wanna wait before playing calls.
We're getting close the descending wedge and we're touching multi-year support at around 205. $BIIB has been in a downtrend since June with no signs of life so we could see a bounce or breakdown to lower lows.
We broke out of an ascending wedge to an even steep ascending wedge and the RSI even on the monthly chart is oversold.
I see us falling soon, likely to test resistance turned support on the top of the channel at around 120.
We broke out of the descending wedge and are back into the broadening descending wedge , both are of which are bullish patterns.
With the rise we've seen in the past few days we're starting to see an ascending triangle pattern with resistance at 412, 461, and 569. If support holds, here are when we should hit our PTs, assuming support holds and the market...
We broke out of the descending wedge this week. Barring any bad news we should continue to move higher and fill the gap at 508. After gap fill, the next step is to push into the 2020-2021 channel where we can consolidate before the next leg.
