Pullback to close Friday, AMD may continue to push further down as it fills the pattern or potentially breaks. Expect high IV building up to the ER and a potential upward breakout of the resistance area.
Like the airline stocks, big banks have all formed similar patterns leading into Monday. Funding seems to have shifted to the banks and airlines. Many banks will be reporting earnings this coming week, including JPM, WFC, Citi (not shown) on Tues. 7/14, USB and GS Wed. 7/15, and BAC, MS, and First National Bank (not shown) Thurs. 7/16.
Wayfair Inc. (W) has been caught in a serious situation of allegations accusing the company of involvement in a human trafficking ring. The hashtag #WayfairGate was trending on twitter as thousands were bringing the issue to light. From a trading standpoint, Wayfair has been looking like it may be a potential short, with weak indicators and currently an ascending...
MSFT reports earnings on July 22, and has been on a strong bull run since the crash in March. It recently broke out of its rising channel, and has now tested the upper line of the channel as a new support. It should continue to bounce off of the new support as it draws closer to earnings. Earnings are expected to be good as tech is booming and more and more people...
SPCE broke out of its pattern recently on a huge day yesterday. Today was a weak day (possibly due to flat overall market), however the bears also seemed weak on SPCE as they could not get the price down by much. This may be a strong bullish indicator heading into next week as SPCE may look to retest 20 after getting rejected today. From there it will look to push...
A new ATH was tested for NFLX today at exactly $510.00 before turning slightly bearish for the day. With earnings coming up on July 16, this may look to continue pushing new highs. NFLX is known to be a major stay-at-home stock amid the Coronavirus outbreak, and as fears of new cases still to come, this may continue its push upward.
Potential breakout of extended bullish pennant. Very clean formation and strong volume.
TWTR executed a near-perfect V-shape gain on the 1D after rumors came out of a possible subscriber-based service. HOD was perfectly lined up with a previous high indicating some strong resistance at the 37 level. For more technical buy-and-hold investors the MACD just crossed up the Signal, and the RSI is still in a safe range. TWTR may still have more room to run...