SQ has been holding a downtrend for quite some time now; with buyers stepping in heading into earnings, we could see a nice bullish reversal coming and a breakout of the downtrend. Square's holding a massive falling wedge on the weekly timeframe, accompanied by some bullish hidden divergence on the RSI, Bollinger bands squeezing, and a huge bullish cypher harmonic...
AMZN has been holding a massive falling wedge for quite some time, and with buyers finally starting to step in as AMZN approaches earnings, definitely will be keeping a close eye on this one. Bollinger bands are squeezing (Not Pictured), Bullish ABCD Elliot Wave, some bullish hidden divergence on the RSI, and a double bottom all pointing to a breakout. However, a...
Have had my eye on LAC and the lithium sector for quite some time now, and some big news coming this week for LAC while simultaneously setting up for a breakout. LAC is currently holding a massive falling wedge on the daily and weekly timeframes. On top of that, LAC has some slight bullish hidden divergence on the RSI after being way in oversold territory, a...
After holding a long downtrend since the beginning of 2022, GOOG is finally looking ready to breakout here as Google is approaching the end of a nice falling wedge, testing the 20-day EMA while also hovering at a weekly low, heading into earnings. Bollinger bands are squeezing (Not Pictured), a bullish shark harmonic pattern, and a MACD golden cross have formed...
Eyeing DAVA here after closing last week reclaiming its respective 50-day EMA. DAVA's been holding a massive falling wedge on both the daily and weekly timeframe. This is accompanied with its Bollinger bands squeezing on the weekly timeframe and a Bullish Cypher Harmonic Pattern as it heads into earnings. Additionally, on the daily timeframe DAVA is holding the...
AAPL is looking quite nice here after reclaiming its 50-Day SMA. AAPL is currently testing the upper trendline of this falling wedge on the daily timeframe, while simultaneously flagging on the weekly timeframe, accompanied by a bullish butterfly harmonic pattern, a MACD golden cross, and a double bottom (See Attached Chart Below). While all signs point to...
Watching LAC and the lithium sector closely here- LAC is currently holding a massive symmetrical triangle on the daily timeframe while holding an even larger falling wedge on the weekly timeframe (See Attached Charts Below). Additionally, LAC is sitting right on its 100-day SMA, which, is has been acting as a strong support level for quite some time. LAC's EMAs...
The SPY closed out the week strong after finally getting some strong bullish momentum as a result of the CPI & Jobless Claim Data that came out on Thursday. If CPI continues to decrease as it did, I can certainly see the SPY gaining even more traction and finally breaking out of the bearish megaphone that it has been holding since November 2021. Subsequently, the...
DDOG starting to look quite nice here as buyers are starting to step in so long that the broader markets don't pullback. DDOG has been holding a big falling wedge for quite some time, getting rejected by the 20-day SMA, however will be keeping a close eye on DDOG with buyer volume starting to increase relative to seller volume. Bullish and will be looking for a...
Posting an update on the SPY here as the markets closed out the week in somewhat of a make or break spot. The SPY continued to follow the bearish megaphone that it's been holding for months, while simultaneously holding the downtrend stemming from a massive head and shoulders on the SPY's weekly timeframe (See Attached Charts Below). A bearish bat harmonic pattern...
Posting a quick update here on SQ as buyer volume finally picked up and SQ closed the day breaking above strong resistance at the $68.84 mark while also reclaiming its 20-Day EMA. SQ has been trading sideways for quite some time and is seemingly breaking out of this falling wedge heading into earnings on 9/22' and with quadruple witching this coming Friday....
Just posting another update here on the SPY as it closed out the week with a hard rejection off of its 200-Day SMA & a significant RSI-Based supply level. Additionally, it would appear that a bearish megaphone is still playing out as it was simultaneously rejected off the upper trendline (See previous charts below). On top of this, a bearish butterfly harmonic...
- Keeping a close eye on CRM here as its finally starting to break out of this falling wedge it's been holding for quite some time now. Big increase in buyer volume relative to seller volume as shown on the RSI with some slight bullish divergence on the daily timeframe, and some more bullish divergence on the weekly timeframe (See Attached Chart Below). - CRM...
Keeping a close eye here on CRWD heading into earnings on 10/8'. CRWD has been testing the $195.11 mark for quite some time now and just closed out the week reclaiming its 20-Day SMA. Additionally, it would look like a smaller ascending triangle is forming within a broader falling wedge, accompanied by some slight bullish hidden divergence on the RSI, Bollinger...
Just posting a quick update on the SPY here as on Friday we saw a hard rejection of the 400 level. The SPY closed out the week reclaiming its 50-day EMA and is sitting right on it at the moment, however, it rejected the 400 mark multiple times on Friday. Additionally, a bearish ABCD Elliot Wave has fully formed on the daily timeframe accompanied with some bearish...
SEDG has been holding this symmetrical triangle for quite some time now, broader market conditions permitting, will certainly be looking for a breakout to the upside going into earnings and as a sympathy play for ENPH, which has earnings on 7/26'. SEDG has some nice bullish divergence on the RSI as buyer volume increases relative to seller volume. SEDG is flagging...
After selling off along with the rest of big tech over the passed few weeks, AAPL has seemingly found a bottom here. Will be watching AAPL closely for a run-up into earnings on 7/26'- AAPL is usually a classic case of "Buy the Hype, Sell the News" as it usually has a nice runup to earnings and proceeds to selloff as everything is already priced in. However,...
The solar sector has been leading the broader markets for some time now, very much eyeing ENPH along with some others in the sector for a run-up & breakout prior to, and after their earnings. ENPH is holding a big symmetrical triangle on the daily timeframe after closing on Friday sitting on its 20-Day SMA. ENPH additionally has some nice bullish divergence on the...