Stonkssociety
$PYPL | WEEKLY WATCHLISTBasing very nicely after quite the pullback from the highs which looks healthy. This week, we can potentially see PayPal confirm upside if we can break above key resistance level shown. Looking for an impulsive move up to the $285-288 region. My fractal is denoted in the light blue candle pattern and lines up with my bullish thesis nicely. Just something to note.
$DKNG | WEEKLY WATCHLISTAmazing setup for the week showing lots of strength. Ideally really want a dip early in the week for an opportunity to get in at a lower price. However, that may not happen. Looking for the $64-65 region to the upside before a larger pullback occurs which will also be buyable.
$BA | WEEKLY WATCHLISTLoving this setup going into the week, I entered a swing position last Friday near open. Already up in decent profit. As long as the lows hold around $216, we should expect an impulsive move up to the $230-231 region. Ultimately looking for $238-241 to completely take profits on my swing, but that may take a little longer.
$PYPL | Trade IdeaPayPal looking to conclude it's wave 4 pullback and begin it's final impulsive wave up. Consolidating with a double bottom pattern as well as declining volume throughout this period. Waiting for a break above the previous pivot high + volume for confirmation to enter. Target around $340 if everything goes accordingly. Please note the light blue projection as my calculated fractal. (Take this with a grain of salt)
A break of the lows would invalidate this count. Best of luck!!
$TSLA | WEEKLY WATCHLIST (Update)This is a more in-depth analysis on what I'm seeing for Tesla. I will be using the Bump and Run Reversal Bottom Pattern for this analysis.
Please view the thread for an understanding of the model I will be referring to.
I believe we have finished the Lead-in Phase and currently in the final part of the Bump Phase. We should see a small retracement which will be buyable to hit my concluding sub-wave 3 target. Next, a throwback to trend line should take place to retest broken resistance before accelerating higher in the Uphill Run phase. All parts have been labeled and the green arrowed line shows my rough projection. Looking for new highs in September to potentially test the high $780-800 region.
$QCOM | TRADE IDEAI believe QCOM is very under-rated and not seeing much talk about it. This is a beautiful descending broadening wedge forming to conclude wave 4. Please note the increasing volume throughout consolidation as well. A break and hold above this wedge will confirm bullish continuation into a wave 5. Target in the $160 region.
$AMZN | TRADE IDEAWith a strong day today, this has popped up on many radars. Still being patient with this as I believe it will take quite a bit of time to play out. However, keep this one your watchlist for the next few weeks as we look to catch an impulsive wave 3. Fractal from previously posted (check link to related idea) agrees with this impulsive move up.
$TSLA | WEEKLY WATCHLISTTrickier spot for Tesla here as we rejected major supply zone in the $693-700 region. Would be ideal to see us break through this zone for better clarity. What I see is as long as the $649 low holds, we will see $750+ first. Would be patient here and play the breakout with confirmation. Better to be safe than sorry.
$NFLX | WEEKLY WATCHLISTAnother frustrating stock since around Summer of 2020 with major consolidation. This is a sleeping giant, similar to what happened to $NVDA. Again, time is your friend here but I expect this wedge to break for upside continuation. My fractal path is outlined in light blue. Upside target is $600+.
$BA | WEEKLY WATCHLISTThis has been swinging around and consolidating since March, very frustrating. However, I believe there is some light ahead of us. Patience is key for this one and will pay off. Sitting on major trend line support and expecting a bounce. Conservative target zone marked around $237-241. Next target above is around $264.