LINK has broken out of its downtrend which caused an explosive move. However, the upside isn’t over as it just flipped resistance into support. I think this chart is beautiful and will send higher in the next few weeks.
SMCI has been dropping at a staggering rate, down 25% in one day! SMCI is looking for support and I believe it can find support at its old all time high which it should flip into support. I’m watching for an entry in the 360$ range
AMD has had a staggering drop for price action recently and couldn’t find support anywhere. However it has reached a historic support line and i believe AMD will bounce from here even with bad market conditions.
Bidu has been in a falling wedge and is currently at a support level that has held multiple times in the past. I believe next week after tech earnings are out the market will relax and this stock will bounce well. I bought call contracts!
Walmart has been in an upwards channel for a few weeks but now that is it breaking down from that range I see an opportunity to short. My target zone is the gap in the purple box. I have entered put contracts here!
GDDY is in a rising wedge and looks to be losing steam after this leg up. After the wedge breaks down, there are multiple gaps it needs to fill and these are my price targets.
After negative earnings we broke down from the rising wedge, a bearish pattern is not formed.
XLE retested the breakout and looks like it will go to test another resistance level.
Falling wedge on PENN, and there is also a bullish doji candle on the daily. I see this breaking out and going higher.
PLUG looks to be holding the supply zone nice so I’m going to open some calls here, feel free to TP whenever but SL is a close below the rectangle.
We double bottomed on the 1D and we should bounce here since we have a low RSI. I expect us to make a W bullish formation which should help us break resistance.
BLUE is having a classic fill the gap play. If the gap is completely filled it would be around a 33% gain. Entering a position as I message this.
Looking to open a position next time we hit that bottom line. A breakout of that top resistance will be massive.