$V forming an ascending triangle on the daily and consolidating over the EMAs in a very bullish pattern. Above is a nice gap and I will be looking to take a trade when this gets above the red triangle top horizontal line. Fintech looking strong as a sector as well. Remember volume confirms the move and large gaps are often not completely filled. Please give a...
$TWTR is forming an ascending triangle on the daily chart. Moving above the EMAs and RSI is moving in a trend as well. No play yet but could break to the 46 dollar mark when it moves above the triangle top. I’ll be taking this play in options myself so I figured I would post the charting. Like always market direction will impact this move. Volume and a candle...
There is a rising wedge forming on $NVAX daily chart. Bio stocks could break out to the topside with any news but this is a very bearish reversal pattern. Look for a play when it breaks the trend either way. Gap to the lower end could be filled.
Very interesting setup here. without the longterm trendline it doesnt look as apealing yet but add the trend line and it makes a lot more sense ahead of earnings. corona tests! we shall see! Like if you find my ideas usefull!
$AMD has an interesting chart here after consolidating for 3 months. its looking like the breakout to the topside may be happening soon. No play yet but look at the RSI and price TREND LINE activity. bullish IMO. Leave a like if you find the ideas useful.
Ulta is forming a possible head and shoulders reversal pattern after rising since the drop in March. The white line is the neckline and their is a small gap to fill around 160 It is also moving below all emas on the daily. remember on these patterns we wait until it breaks the neckline comes back to retest and confirms the move lower. volume is key on the...
$SPOT is on fire lately and broke its Ascending triangle Friday! Alerts over 280 for a continuation move.
$MRNA looking really bullish On the daily chart. It’s leading Virus trials with $INO. LookIng for it to come down to the EMA and trend line and bounce back up. I’ll take a play over the highs of the last couple of days Upon 5 minute candle close. Might even take it if it bounces hard off the support. Great day trade idea good swing trade idea as well. If it breaks...
$BA looking like it might take off soon not the most stable set up but that’s Boeing. Looking for a long play in it breaks trend to the topside target will be 195 and then 200 Boeing never seems like it presents an A+ setups so this could be shorted if it breaks the wedge down!
$WORK has held on through the sell in Thursday and set up Friday for a great play to the 37 dollar mark. Always wait for confirmation candle to close in the 5 min chart over ATH. 7/17 37 calls should print if confirmation presents it self Please like or follow if my ideas help
JPM like $C is breaking out of its descending triangle to the upside with RSI breaking the trend as well. Not advise just a play I’m taking. Please like or follow I will make more plays in coming days. Make money!
Financials all showing similar charts descending wedge broke trend with RSI ahead of earnings. just my opinion not advise. negative market direction can make this move much less desirable IMO.