Here is a detailed look at the pattern heading into this week's trading. I am expecting us to make a run to 412.
We are inside of a bear flag that tops out around 402. Expecting us to test that level and then pullback for a technical pullback. More upside to go and then we get ready to cool off for the next resistance level.
I thin $ATER is about to break out of pennant currently forming on hourly.
I think we have clearly rebounded from the lows to head higher with a potential short squeeze. I believe Amazon and Apple will both beat after the bell, propelling the market to higher levels. Seasoned traders are questioning themselves right now. Which makes me think even more confidently that they are sending it higher through smoke and mirrors. We do not...
Looking for RIVN to fall below 35 today including after hours.
Let's be honest. CEI is a hot pile of garbage. Can be fun when oil is pumping. It's seen a high in the short term. $1 puts on this should pay.
Just popped in to take a look at Facebook. Zuckerberg? More like Puckerberg. Because this is an awful look. Descending triangle is ready to lead to even more losses for this social media giant.
I love Twitter. I'm addicted to the app. Looks like Twitter might be addicted to this pattern. Look for this social media powerhouse to drop again next week.
Dril-Quip, Inc., together with its subsidiaries, designs, manufactures, sells, and services engineered drilling and production equipment. Bullish inverted head and shoulders with a breakout through ascending triangle. There is a shortage of available drilling equipment in the United States.
EVs have not been a hot sector as of late. Largely due to the supply chain crisis, lack of chips, and the fact many are extremely speculative stocks. However, Tesla does not like to spend time below the 800 for long. The bulls usually come in and fire this stock back upwards. Expecting a short-term relief rally up to around 870 and likely heading lower again....
It's been another busy season for Vail Resorts. If you like to ski or snowboard, you probably hit the mountain this winter. And Vail probably profited. This company reports earnings on Monday after the bell.
Netflix is a powerhouse. However, this name is an extremely bearish descending triangle. Note the lowers highs but even lows. This should dive to the downside once it breaks the bottom end of this pattern. Relatively straightforward short opportunity here.
With remote work on the increase, people are upgrading their home furniture and living conditions more than ever before. A company like Williams-Sonoma will feel the benefit of this changing trend in living styles. Increased demand should allow furniture retailers to counter-act rising material costs by raising prices. Adding to this point, the housing market...
PLG is another name in a long list of stocks that look ready to run lately for geopolitical reasons. Platinum Group Metals Ltd. engages in the exploration and development of platinum and palladium properties. It explores for palladium, platinum, gold, copper, nickel, and rhodium deposits. The company holds 50.02% interest in the Waterberg project located on the...
CDE is yet another example of a mining name that hasn't been found yet but is working on a major breakout. Coeur Mining, Inc. explores for precious metals in the United States, Canada, and Mexico. The company primarily explores for gold, silver, zinc, and lead properties. It holds 100% interests in the Palmarejo gold and silver mine covering an area of...
ISUN is one of the solar plays that hasn't ran yet. Check out this breakout! This name will be a fun play today.
Writing this up very quickly as we prepare for the open. This setup looks outstanding. Aqua Metals, Inc. engages in the recycling of lead, lithium primarily in the United States. It produces and sells hard lead, lead compounds, and plastics. The company was incorporated in 2014 and is headquartered in Reno, Nevada. Basically, this company recycles the...
Wrote about this stock earlier today or yesterday. Continued volatility within LNG should make commodity transporters like $GLOP skyrocket. Large cup and handle and ascending triangle shows this name is getting ready for it's 15 minutes of fame.