I see very nice kind of VCP. 53 - key lvl. 53.70 - potential resist. Target here is at least 55.65
GOOGL stopped at RSh+21EMA support. Can be an easy long next days.
The stock is gapping up on news about being added to the S&P 500 on June 24. Technically, it doesn't look bad, as the stock has a base and is showing positive dynamics after earnings. I'd consider it above 366, of course, with volume and momentum.
SPY is now at the resistance zone. Support here can be the 8 EMA as well as the deeper 21 EMA. Until SPY in a range - should be tricky. Wednesday-Thursday, we have CPI, FOMC, Rates, and PPI. So, I am expecting the market to start moving after these events. Until Wednesday-Thursday, I will be cautious and expect to see a range in the market.
In this post I would like to recap my ideas published here last week and report on how they worked out. On the chart I marked with a yellow line the bar on which the idea was published, and above I added a small note about the status of the idea. 1. CARG - the stock broke the base, mentioned levels were valid. 2. HQY - the idea is still valid, with a key level...
PINS looks ready to go from a flag/wedge. If volume comes - 41.50 would be buy price.
UAL looks strong and getting ready to break that H&Sh. 54.50-55 key lvls for me.
I see here Bull Flag that is part of bigger inv H&Sh pattern. Volume in flag is nice, RSh also confirmed by Fib 50.
BridgeBio Announces Durable Month 12 and 18 Phase 2 Cohort 5 Results of Oral Infigratinib in Achondroplasia, and First Participant Consented in ACCEL for Hypochondroplasia. Above 31.22 could be interesting
I see here a potential Base breakout. Could be today or next couple days/weeks.
First of all, I would like to note that the price found support roughly at the zone noted earlier : flag bottom + 21EMA. Yes, we got a shakeout, but it was not followed by high volume and was aggressively bought back. We are still inside the flag, with support around 523, where I see the Inv H&Sh pattern on the lower timeframe, as well as the 21EMA. If this...
CARG technically looks very nice. First zone to show strength through - 24.00. 25.00 - key lvl to look for a breakout.
Let's quickly review some levels in SPY. I can see potential support at 525 as a base flip level. 523 also looks like support - here are 21 EMA + the flag bottom + gap fill. The obvious resistance here is 532-533. One key thing I want to mention: the market is now ranging, and it's important to be patient and give it some time to form clearer price action and...
Stock built Weekly inv. H&Sh (or big bull flag). There are some volume confirmations for me here. Also, I can note very clear AVWAP reaction. Now, only thing needed is volume and executional setup.
ABNB gapping up after Upgrade. Looks really nice and ready to go. The only question if it will be today.
Stock has H&Sh weekly (even monthly) pattern. For now DDOG confirmed Support lvl as a flip. (118) I want to see that base (118-139) being formed. After that it might give a perfect opportunity.
After Earnings gap stock built a flaggish structure on 8EMA. Now there is a first sign of stock getting ready for a breakout. Buying zone for me here is 117.
I see potential RSh breakout today. Need to see Volume as a confirmation.