Posting a quick update here as CRWD has been holding a macro-downtrend for some time now, and is heading into earnings looking quite bullish. CRWD is holding a massive falling wedge on its daily & weekly timeframes, (See Attached Charts Below), is sitting right on its 50-day EMA with the others starting to curl upwards, Bollinger bands are squeezing (Not...
Just posting a quick update here as GS has gotten beaten down as the broader markets pulled back but has seemingly found some support after reclaiming its 20-Day SMA. GS is lagging the XLF at the moment, however, looks to be setting up nicely for a big breakout. GS is holding within a nice falling wedge on the daily timeframe accompanied with some bullish hidden...
Just posting a quick update on LAC here as it appears to be setting up again for another leg up. I played both previous run-ups when it was setting up very similarly to how it is now. Big falling wedge on the daily timeframe, clean bounce off the $19.04 support level, some bullish hidden divergence on the RSI, and a MACD golden cross on the 4-Hour Timeframe (Not...
Ripple has been under the trend line for a long time and after two false breaks the price started to show strength and presence of a buyer. Now we are waiting for the price to start squeezing under the trend line and we will see its breakout. A more positive scenario would be a retest of this trend line as support. There are 2 targets on the chart, which are on...
Just posting a quick update on MSFT here as it's currently in somewhat of a make-or-break spot sitting right on its 200-day EMA. However, MSFT has some bullish divergence on the weekly timeframe but bearish hidden divergence on the RSI on the daily timeframe. However, a big bullish cypher formed. MSFT's Bollinger bands are squeezing so will be watching this one...
OKTA really catching my eye here, flagging on its 5-year chart- Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones- Bullish and will be looking for a breakout - EMA's curling - Bollinger Bands squeezing on the weekly timeframe (See Chart Below) - Slight bullish divergence on the RSI on shorter timeframes ...
CHPT still hovering right above oversold territory on the RSI, however, has been holding a massive falling wedge for quite some time now. By no means is this a short term play, regardless, will be looking for a breakout from this wedge- Just some FIB levels along with some RSI-based supply and demand zones to keep an eye on - Bullish long **(See Previous Charts...
Big symmetrical triangle forming on CVS here heading into earnings, Held the 50-day Moving Average nicely and currently sitting right on its 50day EMA, MACD just crossed, and Bollinger bands are also squeezing as well (Not Pictured)- Bullish and will be looking for a breakout - Just some support and resistance levels to keep an eye on along with some RSI-based...
Shopify looking really nice here, certainly worth noting the 200 day EMA acting as strong support for SHOP as it has bounced off it three times since March, additionally Shopify does have earnings coming up on 10/28'. However, will be looking for a breakout from this falling wedge (Broader Market Conditions Permitting)- Just some support and resistance levels and...
Big falling wedge on RUN that it's been holding for quite some time now. The solar sector tends to be cyclical with respect to price action, which in turn leads to big breakouts and vice versa (See charts of ICLN & TAN). With all of the intraday choppiness and the broader markets seemingly starting to pull back a bit as big tech takes a breather, the solar sector...
Been watching VZ for a while now and has been holding this wedge for quite some time, with quadruple witching coming up on the 17th and September being historically a bad time for equities, a low beta stock like VZ should theoretically outperform the broader markets. (VZ Beta = 0.45). From a technical standpoint, VZ is also looking quite nice, closed yesterday...
Big falling wedge on FSLY that it has been holding for quite some time now, however, is seemingly starting to break out of this formation- Bullish and will be looking for a breakout, just some FIB levels & RSI-based supply and demand zones to keep an eye on- - Closed Friday sitting right on its 20-day SMA (Not Pictured) - Bollinger Bands Squeezing - RSI has been...
Personally am quite bullish on the ICLN as well as many of its holdings. Closed on Friday sitting right on its 200-day EMA which it has previously bounced off of many times and is approaching the end of a massive symmetrical triangle. Bollinger bands are squeezing as well (not pictured), undoubtedly a long-term play but will be keeping a close eye on this one....
Broader market conditions permitting, will be looking for a breakout from this falling wedge- just some support and resistance levels and some RSI based supply and demand zones to keep an eye on- bullish
Broader market conditions permitting, will be looking for a breakout from this falling wedge, just some FIB levels and some RSI based supply and demand zones to keep an eye on- bullish - Bollinger bands are squeezing - Oversold on the RSI
IEA is nearing the end of the symmetrical triangle previously charted. While still holding that formation is also forming what appears to be a falling wedge (bullish). Bollinger bands are squeezing along with a MACD cross to close on Friday. Just some support and resistance levels to watch, see previous chart & description for price targets. Bullish will be...
Have been watching NEE for quite some time now as it has earnings coming up on 7/23', personally am bullish- - Symmetrical triangle - Bollinger Bands squeezing - EMAs curling (not pictured) - Spike in buyer volume EOD on Friday - UOA- Unusual Options Activity (Bullish Sweep, January 2023' $100 strike) PT1- $79.15 PT2- $80.25 PT3- $81.50+
Looks like an ascending triangle forming on ENPH (bullish) ***See Previous Charts*** - EMA's starting to curl - Bollinger bands squeezing (not pictured) - Also looks like an inverse head and shoulders forming on the daily timeframe - Bullish- will be looking for a breakout, just some support and resistance levels to keep an eye on as well as some RSI based supply...