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Support_and_resistance

Falling Wedge- BullishBig falling wedge on FUTU here along with bullish hidden divergence on the RSI, still a bit wary of the broader sector with all the FUD surrounding sector regarding SEC Chair Gensler's comments, nonetheless will certainly be watching for a breakout from this wedge. Additionally has a small gap on the upside to fill from $77.61 to $81.38- just some support and resistance levels to keep an eye on in the meantime along with some RSI-based supply and demand zones
NASDAQ:FUTULong
by jacobosiason7
Falling Wedge- BullishI don't play SBUX often but frankly is setting up quite well here; Big falling wedge on the daily timeframe and also sitting on its 200 days moving average, Bollinger bands are squeezing on the 4-hour timeframe as well, some slight bullish hidden divergence on the RSI. Important to note SBUX has earnings coming up on 10/18' - Technicals all bullish and will be looking for a breakout (Broader Markets & Earnings Permitting) - Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones - Falling Wedge on the daily timeframe - Bollinger bands squeezing on the 4-hour timeframe (Not Pictured) - Sitting on its 200 day EMA & SMA as well (SMA Not Pictured) - Slight bullish divergence on the RSI - Buyers stepping in PT1- $114.40 PT2- $115.64 PT3- $116.82 + Breakout
NASDAQ:SBUXLong
by jacobosiason7
3
Bullish- Breakout Play (Long)Had my eye on PYPL for quite some time now, RSI is still hovering right above the oversold range on almost every timeframe after selling off after earnings. Will be looking for a breakout (broader market conditions permitting) Bullish - just some support and resistance levels to keep an eye on as well as some RSI based supply and demand zones to keep an eye on- - Bullish ABCD Pattern Formed - Falling Wedge (Bullish)- Within a Larger Ascending Triangle - Sitting right on the 200-day EMA - Slight bullish divergence on the RSI PT1- $264.79 PT2- $269.18 PT3- $271.76 PT4- $274.08 + Breakout (*Previously Charted*)
NASDAQ:PYPLLong
by jacobosiason7
1
Falling Wedge- BullishShopify 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 some RSI based supply and demand zones to keep an eye on as well- bullish - Big falling wedge forming on the daily timeframe - EMA's starting to curl upwards - Hammer right off the 100-day EMA - Sitting on its 20-day SMA (Not Pictured) - Bollinger bands squeezing on shorter timeframes PT1- $1,435.50 PT2- $1,443.81 PT3- $1,451.70 + Breakout
NYSE:SHOPLong
by jacobosiason7
2
Bullish- Triangle breakoutSE is looking quite nice here, been watching this one for a while- will be looking for a breakout from this pennant (broader market conditions permitting). Just some support and resistance levels and some RSI-based supply and demand zones to keep an eye on- Bullish - Clean hammer & bounced right off the 20-day EMA on the 4-hour timeframe, other EMA's starting to curl upwards as well (See Carts Below) - Buyer volume starting to pick up relative to seller volume - MACD cross on the 4-hour - Ascending triangle on shorter timeframes - Slight bullish divergence on the RSI PT1- $344.03 PT2- $346.48 PT3- $348.90+ Breakout
NYSE:SELong
by jacobosiason7
1
Update - Falling WedgeJust posting a quick update as ROKU is still looking very interesting here- Double top played out as expected- will be watching closely for a breakout here (broader market conditions permitting). Just some support and resistance levels to watch along with some RSI based supply and demand zones to keep an eye on- Bullish - Falling wedge ( bullish ) - RSI in oversold territory - MACD cross looks to be imminent - With buyer volume should really pop PT1- $328.71 PT2- $330.58 PT3- $339.90 + Breakout
NASDAQ:ROKULong
by jacobosiason7
2
Update | Inverse H&S- BullishVery bullish on SEDG here along with many others in the sector- while certainly a longer-term play, will be watching for a breakout. ICLN & TAN look ready for a breakout as well (attached below along with previous chart)- some bigger support and resistance levels to watch along with some RSI based supply and demand zones to keep an eye on- Bullish all the way and looking for a breakout here - Inverse Head and Shoulders formed (Orange Neckline) - Ascending triangle forming on its yearly chart - Sitting right on its 100-day EMA with the rest starting to curl upwards - Bollinger bands are starting to squeeze (not pictured) - Slight hidden bullish divergence on the RSI accompanied with buyers volume starting to pick up relative to seller volume PT1- $279.50 PT2- $287.52 PT3- $294.32 + Breakout ICLN TAN Previous Charts
NASDAQ:SEDGLong
by jacobosiason7
1
Falling Wedge- Bullish - UpdateBig falling wedge on ENPH here while simultaneously bouncing off the 200-day EMA, Bollinger bands are also squeezing (not pictured). Will be watching closely for a breakout and push upwards here (broader market conditions permitting)- See previous charts on ENPH below as well as charts on ICLN & TAN - Just some support and resistance levels to watch along with some RSI based supply and demand zones to keep an eye on- Bullish PT1- $156.03 PT2- $159.33 PT3- $164.15 + Breakout Previous Charts- ICLN TAN
NASDAQ:ENPHLong
by jacobosiason7
1
Falling Wedge- BullishBig falling wedge on CAT here after breaking below the symmetrical triangle it was previously holding, big gap to fill on the upside, and some slight bullish divergence on the RSI. Watching CAT closely here for a breakout from this wedge (Broader Market Conditions Permitting). Bullish- just some support and resistance levels along with some RSI-based supply and demand zones to keep an eye on. CAT is a relatively slow mover so likely will be a longer-term play- PT1- $193.95 PT2- $199.72 PT3- $200.08 (Gap Fill) + Breakout
NYSE:CATLong
by jacobosiason7
2
Ascending Triangle Forming- BullishLooks like an ascending triangle forming on GS after a long downtrend & some consolidation- - Closed yesterday sitting on the 100day EMA and looks like it will reclaim the 50-day as well - Buyer volume starting to pick up again, was in oversold territory for quite some time - MACD is seemingly about to cross, EMA's curling upwards on shorter timeframes (Not Pictured) - The previous times GS has been rangebound for a bit have seen a big breakout to new ATH's (See Previous Charts Below)- also consecutive pattern of making higher highs and lower lows - Bullish & looking for a breakout, just some support and resistance levels to keep an eye on along with some RSI based supply and demand zones to keep an eye on PT1- $392.16 PT2- $396.52 PT3- $398.95+ Breakout
NYSE:GSLong
by jacobosiason7
2
Bullish- Triangle breakoutPersonally am bullish on SQ here- will be watching closely for a breakout - Sitting right on its 200day EMA - Nearing the oversold range on the 4-hour time frame - Falling wedge on the 1-hour timeframe and oversold on the RSI (See Chart Below) Should pop with buyer volume, (Broader Market Conditions Permitting)- 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 from this triangle PT1- $255.37 PT2- $267.18 PT3- $271.76+
NYSE:SQLong
by jacobosiason7
16
Same formation as previous breakout - Update- See previous charts below- (ICLN & TAN charts below as well) -------- Just posting a quick update as I just noticed this, almost the same exact formation and trend now as the weeks preceding ENPH's last run- All previous price targets reached and the gap on the upside has been filled. However, am very bullish on ENPH here. Would like to see ENPH start to outperform the solar installation companies such as RUN NOVA etc. nonetheless, ENPH sitting right on the 200day EMA, yet again acting as a strong support level. Additionally, interesting to note that where the previous symmetrical triangle on ENPH converged acted as strong support where ENPH took a nice bounce. Some support and resistance levels along with some RSI-Based supply and demand levels to keep an eye on- Bullish and looking for a breakout - See previous charts below as well as charts on ICLN & TAN - 20-day RSI EMA cross (not pictured)
NASDAQ:ENPHLong
by jacobosiason7
3
Triangle- Watching closelyWatching the financials closely in the coming few weeks, JPM closing on Friday sitting right on the 50day EMA and holding a little bull flag as well. will undoubtedly be a long-term play but definitely worth noting that there was a very clear bear flag on the XLF last week that could potentially continue to play out, so something to keep in mind. However, personally am bullish on financials here- Just some support and resistance levels to keep an eye on along with some RSI based supply and demand zones
NYSE:JPMLong
by jacobosiason7
Falling Wedge- BullishBig 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 had surprisingly good relative strength on Friday with FSLR, NOVA, and RUN managing to close green on the day. - Bollinger bands squeezing, closed Friday sitting right on its 20-day SMA (Not Pictured), and some slight bullish divergence on the RSI. Will be looking for a breakout from this falling wedge (broader market conditions permitting)- Just some support and resistance levels along with some RSI-based supply and demand zones to keep an eye on PT1- $48.99 PT2- $50.27 PT3- $53.33+ Breakout ICLN TAN
NASDAQ:RUNLong
by jacobosiason7
Symmetrical Triangle - Watching closelyCVS coming to the end of a big symmetrical triangle and frankly looking quite nice here. Held the 50-day Moving Average nicely and a nice spike in buyer volume EOD on Friday- with buyer volume should pop (Broader Market Conditions Permitting). 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 from this triangle PT1- $84.93 PT2- $85.84 PT3- $8641+
NYSE:CVSLong
by jacobosiason7
1
Triangle Breakout- long play **Update**Just posting a quick update- all previous price targets reached and the gap on the upside has been filled. However, am very bullish on ENPH here. Would like to see ENPH start to outperform the solar installation companies such as RUN NOVA etc. nonetheless, ENPH bounced right off its 200-day SMA, yet again acting as a strong support level. Additionally, interesting to note that where the previous symmetrical triangle on ENPH converged acted as strong support where ENPH took a nice bounce. Some support and resistance levels along with some RSI-Based supply and demand levels to keep an eye on- Bullish and looking for a breakout - See previous charts below as well as charts on ICLN & TAN - 20-day RSI EMA cross - EMAs Curling (not pictured) - MACD is seemingly about to cross PT1- $176.03 PT2- $182.30 PT3- $189.36+ ------ ------ (Previous Charts) ENPH has had a nice run in the past month running up roughly 35% to fill the gap on its yearly chart. Could definitely see some healthy consolidation here or another move upwards. Goldman Sachs raised their price target for ENPH from $187.00 up to $202.00, EMA's curling & holding support nicely- will be looking for an entry for a long play. ------ ENPH has gotten relatively beaten down and taken a much-needed pullback. However, has held up fairly well amidst all of the intraday volatility in the markets; is now is back above its 200day SMA where it has previously found support. Needs to hold above the 200day SMA. Additionally, does look like a fishhook pattern forming, and am looking for ENPH to fill the gap circa 153-167. *(All Price Targets Reached)*
NASDAQ:ENPHLong
by jacobosiason7
2
Bullish- Looking for a breakoutROKU looking very interesting here- Double top played out as expected, however, ROKU held the longer-term uptrend quite nicely- will be watching closely for a breakout here (broader market conditions permitting). Just some support and resistance levels to watch along with some RSI based supply and demand zones to keep an eye on- Bullish - Falling wedge (bullish) on shorter timeframes, Bollinger bands also squeezing (See Chart Below) - Doji reversal right on the 200-day EMA - RSI in oversold territory - Buyer volume increasing relative to seller volume - MACD cross looks to be imminent PT1- $354.43 PT2- $357.50 PT3- $366.55
NASDAQ:ROKULong
by jacobosiason7
2
Update- see previous chartsTSLA is forming quite a large rising wedge (Bearish) on its yearly chart after breaking out of the symmetrical triangle (see previous chart), which was preceded by TSLA breaking below the bear flag above. While TSLA did close on Friday sitting right on its 50-day EMA there is also a Bearish Gartley harmonic on the 4-hour timeframe (not pictured). Definitely will be keeping a close eye on TSLA in the coming weeks for potential long-term entries- just an updated chart with some support and resistance levels along with some RSI-based supply and demand zones to keep an eye on ----------- TSLA closed on Friday sitting right on its 200-day SMA. It previously broke below the bear flag to test a long-term uptrend line, while simultaneously forming what appears to be another bear flag / rising wedge ( bearish ) going into earnings on 7/26'. If this long-term uptrend line is broken, TSLA could see sub $600 especially if the broader markets continue pulling back. Will be keeping a close eye on TSLA here for potential long entries.
NASDAQ:TSLALong
by jacobosiason7