BBTrader29

BBTrader29

DXC has had a recent runup and has since consolidate into a correction wave pattern. It has posted a higher low and it looks like it will make another push to the high.

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UBER is following a rounding top trend, looks like it has momentum to the downside. I'm hoping for this to continue downward into next week with maybe a day or two of consolidation from here.

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QQQ rallied today then completely gave back all its gains and even went into the red before closing neutral on the day. This left a false breakout doji. It looks like it is a bull trap and is going to head lower back to the 13 ema around 357 range.

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BMBL looks like its fading off and closed red after testing the moving averages. This is a quick option play for me down to the 49 area, as the last 3 day run up has seem to be rejected.

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SPCE has ran down straight into support, usually on the first hit of support there is a quick pop in the opposite direction usually up toward moving average resistance. Looking for this to pop to 43, otherwise cut it if it breaks further down past 35.75 range.

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COIN looks like its breaking out of its tight consolidation with the moving averages tightening underneath. It looks to have a continuation pattern into next week. This looks like it can have a run up to 280 or higher, with 280 target being the meat of the move.

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DKNG has posted a lower high and is forming a wave pattern that points to potential more downside. Also with earnings coming up and most major sports (NHL, NBA, NFL) no longer in season, this could be a preemptive move to the downside. It may find some resistance around the 44-45 level, but i believe will resume downward until 41

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REGI has just broken out of its penant consolidation pattern, with the moving averages tightening up nicely underneath which tends to be a signal for a momo move. With earning coming up in August this may be an attempt to run up before earnings.

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AAPL has ran into resistance at the 137 level, before it can break through this level, it will have a pullback as a relief pullback before it can start uptrending again, where it will test 137 level several more times.

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SPCE has had a significant pullback since going an a massive run. It has now pulled back to the opening price of the gap level that started the run. Gaps rarely tend to fill on the first test, so i think we'll see a bounce from here to the 52 level.

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PANW couldn't follow through breaking through resistance and closed red on the day forming a shooting star doji, representing a false breakout. This i expect to be a quick 1-2 day play, using intraweek put option to capture a downside move.

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ABBV is forming a double top pattern and has posted shorter term lower highs, along with lower lows. I suspect this will trend down to the 110 area, that will act as the neckline to the double top

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DKNG has posted several recent higher lows, showing strength holding over the moving averages. Looks like this will have momentum up to the 56 range where it will meet resistance.

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NVAX is basing nicely above the moving averages and is showing a rounding up behavior, it has also posted several recent higher lows. This is showing strength in price and looks like 227 may be the first target.

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CODX is showing a consolidating within an ascending triangle, it looks like it is holding the moving averages and pushing upwards towards the flat top of range. Not sure if it can break out from here but it does look like it will test the 9.05-9.25 area within the next week

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PANW has posted a series of longer term higher lows, has recently held the moving averages and is approaching the level of where a higher high will be created. Also there has a higher relative volume surge today. Looking for this to go upward to the 392 area.

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TME has been consolidating in a range and has now reached the top of that range and got rejected by the upper bollinger band. The bollinger bands are contracting showing more range bound trading from top to bottom of the consolidation range. There soon will be a breakout from this range but i don't think thats coming quite yet. Looking for this to go to the...

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BMBL has now had its 8th consecutive green day, it has now met resistance as well as being over the upper bollinger band and overbought being greater than 90 on stochastics. With all these elements at play i believe there will be a snapback bounce off this 58-60 level back down to true range around the 53 area.