RBLXbullish engulfing bounce off .382 fib which was retrace bounce off .618 fib which was retest of pennant breakout, which ripped through 8/21 EMA and 50 SMA on exploding volume. stop loss should be daily close at the fib at $39.
Stocksignals
S SentinelOne Options Ahead of EarningsAnalyzing the options chain of S SentinelOne prior to the earnings report this week,
I would consider purchasing the $22.5 strike price Calls with
an expiration date of 2023-6-16,
for a premium of approximately $0.85
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
T-MOBILE hit the 1W MA100 after 7 months. Buy. T-Mobile (TMUS) has been trading within a long-term Channel Down pattern and yesterday started rebounding after hitting the 1W MA100 (red trend-line) for the first time since October 13 2022. That fractal is very similar with the current sequence. This is a buy call and with it we are targeting the 1D MA50 (blue trend-line) at 143.50.
Attention is needed as we are about to see the first 1D Death Cross since October 11 2021. As a result we will only turn bullish on T-Mobile again on the long-term if the price breaks above Resistance 1 (152.25).
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MONDAY approaching the top of the Channel Up.Monday.com Ltd (MNDY) is testing today the 1W MA100 (red trend-line) for the first time, being just below Resistance 1 (192.50) and the top (Higher Highs trend-line) of the 8-month Channel Up. This is a strong medium-term Resistance cluster and as the 1D RSI is about to hit its Higher Highs trend-line of its own, we will be looking to sell and target 135.00, on a potential contact with the 1D MA200 (orange trend-line), near the bottom of the Channel Up.
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Falling Knife- Consolidation Series - Asian PaintsThis stock has fallen from the high of 3500 level to almost 2800 level & that is 20% fall in almost 6-7 months. Its trading in the range for last 2-3 months & it'll be interesting to see whether it breaks itself free for its old glory.
Check your own chart, this is only for educational purpose & Not a buy recommendation.
Necklace Pattern Series = Centum ElectronicsThis stock is approaching for its lifetime high & it it does so, it will complete 2nd Necklace. This re-claiming Life Time High may open doors for forward move!
This is not a Buy Call, chart shared for learning purpose.
Necklace Pattern Series - "Sanghvi Movers"This counter is about to complete Necklace Pattern & ready to fly thereasfter!
Tesla -> Breakout And New RallyHello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that as we are speaking Tesla is now once again retesting previous weekly resistance which is turned resistance again at the $200 level.
However you can also see that Tesla recently broke out of a quite nice flag pattern, which in this case is a bullish continuation pattern - Tesla is also creating weekly bullish market structure so from here I simply do expect a break and retest of the current resistance and then more upside potential.
On the daily timeframe you can see that Tesla stock is again retesting also daily resistance, so from here I am also waiting for a breakout before I then do expect another quite strong daily rally to retest the next resistance level at the $240 level.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
Buying Berkshire Hathaway in current range.Berkshire Hathaway B - 30d expiry - We look to Buy at 319.21 (stop at 314.21)
Price action continued to range between key support & resistance (320 - 330) although we expect a break of this range soon.
The bias is to break to the upside.
The primary trend remains bullish.
This is currently an actively traded stock.
Support is located at 320 and should stem dips to this area.
Our profit targets will be 331.21 and 333.21
Resistance: 322.63 / 324.00 / 327.00
Support: 320.00 / 317.41 / 314.00
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US30 Lower Timeframe Sell IdeaBased on bearish higher timeframes, we are scaling into current price action.
We failed to create a new higher-high to continue countertrend, thus giving us opportunity for possible sells / shorts.
Entry is based on fib-retracement snipe zone, institutional candle, overall trend and minimum Risk:Reward 1:4.
Possible areas to Take Profit are the moneybags. Could swing into 4H POI from previous post.
WYNN Broken support line, channel, 3 attempts to recover resulting in 3 inverted hammers rejections on support turned to resistance it seems, PT $94 $92 $85 respectively unless it recovers the channel. Risk reward favors a trade short risking daily lose above 102
MCD McDonaldsbearish posture short term, just lost 50MA, vol profile favors a pull back to 275 which is also .618 Fib
CVX ChevronChevron broken H&S neckline, retesting and holding as resistance, look left PT 104 last area of consolidation, also vol profile shelf. Risk to Reward favors a trade risking a daily close above neckline recovery
RBLXDouble bottom bounce off double fib .382, .618, being supported by 200MA, and squeezed by the 50Ma if it can push through, pt1 $45, pt2 $48, pt3 $54. 10-20-30% move on underlying can get real frisky on options chain. The Risk Reward ratio looks good here imo
DKNGPossible classic resistance turned to support, rounding bottom pattern, look left Vol Profile Vacuum could trigger a move to 45
Adobe longAdobe
Chart Pattern: Ascending Triangle
Perspective: Long
Stop loss: when the chart pattern turns into a triangle wedge
NASDAQ:ADBE
#ADBE #NASDAQ #STOCK
