Shorting the bounces and looking for a reaction at these support levels before thinking about any long positions. Levels of interest: 50 DMA – 4435 Reverse Fib – 0.5 = 4365, GP = 4390.75/4397.50 Resistance 1 – 4322 Resistance 2 – 4334 Resistance 3 – Upper trendline (see chart) Support 1 – 4258 Support 2 – 4238 Support 3 & GP – 4224 (Ideal Long Entry)
$TMBR has respected the GP of the move and the lower trendline. I think this continues higher.
$SNOW looks good here, nice double bottom potential IHS. TP1: 335 TP2: 367 (Reverse GP)
$LI has had overall weakness during a huge bull run. Most EVs seem to be consolidating recently. I'm looking for LI to make a move here to the upside and pick-up where it lagged. Target $35.
Not much to work with here but watching the GP and 8EMA
$ABNB is a hot name recently along with $SNOW, $DASH. I think we're seeing a good opp. to buy long or scalp some call options. Entries are identified on the chart. We want to be patient with this name and see if we retest the GP or lower trendline, but need to be ready to take a start or use options to make up lost opportunity, if it starts pushing.
$PSTH lost the ascending channel on all timeframes and re-tested the GP of the entire move. That would've been a great scalp but i'm watching this name closely and how it reacts as it tries to re-enter the channel.
$SOLO looks good to continue moving upward to the next target of the ascending channel.
A lot of these short float plays are beyond technical analysis. Vive is one of my favorites.
A lot of these short float plays are beyond technical analysis, let's see which way this one breaks (hopefully upwards).
A lot of these short float plays are beyond technical analysis , bulls should hold this area to push further.
There are so many others analyses speaking to the short interest and fundamentals to this trade, so I'll stick to the charts. 1D Timeframe - Huge C&H and clear accumulation.
$BIGC is a SaaS e-commerce company which recently IPO'd in August '20. After an initial hype / run-up when partnering with $FB, BIGC has slowly faded throughout a bull market back to IPO prices. I'm looking for BIGC to reverse and break-out of this falling wedge . PT1: 89.4. This could be a good name for Feb monthly options.
I didn't post this earlier. BTC broke the channel, expected downside target is on the chart.
FUBO rose nearly 330% from Nov. 17 - Dec. 23. It was highly anticipated that FUBO would have a major pullback, however it has given up the entire move from Dec. 15 - Dec 23 -- I think this move is an exaggeration. Bearish catalysts in play: 1) Recent share unlock occurring on Dec. 30th, 2) the Kerrisdale Capital short report. I think there is an opportunity to...
Following some other traders, I'm taking this Ebay set-up. This is what I see.