itshabib

itshabib

UPS closed under the 150day and is below a big point of control. Pretty low volume on the way down so I think it has a shot at falling to the 200day around 140. I'd like to see the ChiOsc reach >= -5.7M for a big downside move. These levels need to hold for a shot at a reversal.

itshabib

Getting close to testing the 150day. If that breaks I'd expect the 200day to be next. Not seeing any signs of the downtrend weakening.

itshabib

KO had 4 down weeks in a row, we're now at the 200 week MA. There are signs that the downtrend could be weakening so I will be watching it for a reversal soon. Depends if it follows through on that last big red candle. If it follows through and breaks the 200W ma, I'd expect the correction to continue.

itshabib

Visa has had 4 bad weeks in a row. It closed the week below the 50 week MA, not good. Not seeing many signs of a reversal, I expect more downside this coming week if these levels can't hold.

itshabib Updated 

AMC is showing a double bottom looking pattern. The recent big volume is also a great sign. Another plus about this stock is the high short interest, about 68%. Things might get interesting if we can break $4.

itshabib

Watch SNOW for a potential breakout here. It had a big drop from the last H & S and is recovering nicely.

itshabib

LULU is holding the 150day moving average and trendline line so far. If it can start to reverse I will probably be looking for a credit spread around the 150day - 200day.

itshabib

HPQ is tightening its range within the triangle. I'm expecting a run if it can break the trendline above.

itshabib

JPM has held the 20day so I am looking for a reversal. I will be paying attention to banking and specifically BAC and AXP because of the similar charts. I want to see a break of recent highs and the trendline above.

itshabib

UPS is at a pretty big level here. It is at the P.O.C for the past 6 months(~160) and it is a pretty steep ledge in terms of volume. We're also close to the 150day, I'm thinking things could get ugly if we break ~154-156.

itshabib

CRSP has had a good initial recovery from the 20day. Looking to play a continuation if it can break the last high. NTLA is also looking like a similar setup, I will be looking to see who leads here.

itshabib

NTLA has had a good initial recovery from the 20day. Looking to play a continuation if it can break the last high. CRSP is also looking like a similar setup, I will be looking to see who leads here.

itshabib

ZM has had a decent reversal from the recent pullback. It has started to flag around the area of the red trendline as well. This could be a temporary retrace for a continuation of the reversal. I will be watching to see if it can break the recent highs of the flag.

itshabib

FDX had a great reversal from the recent pull back. It has held the 10 day and looks to be forming a cup and handle . We need a break of the handle to get some more confirmation. Watch a break of the recent highs for a break upwards.