ChaseMColvin

ChaseMColvin

Bidu looks ready to take off soon if it can get over resistance around the $158 level I've been quite skeptical trading any China stocks over the last couple months, but both BABA and BIDU have hit critical levels, and buyers have stepped in. Stochastic and MACD momentum appears bullish as well on the daily.

ChaseMColvin

Watching ROKU here at this level, if it can close at or above 356 support it should test 366 soon

ChaseMColvin

If NVDA can break above 220, it should see 225 soon - possibly this week.

ChaseMColvin Updated 

NFLX beautiful breakout this morning above the 525 resistance level - target 540.

ChaseMColvin

Beautiful breakout, re-test of trend line, then breakout today above resistance on PLTR Looks like it wants to test $27 next - thats if it can hold and stay above previous resistance at $25 Stochastic and MACD Momentum appears bullish as well.

ChaseMColvin

NFLX looks like it is at the end of forming and breaking out of an inverse head and shoulders reversal pattern. If it can break out above the neckline resistance then it looks like it can test 530, 537 next. The set up on this one is looking nice I would keep NFLX on watch, it could possibly break out soon. NFLX has been in a choppy range for the last month or...

ChaseMColvin

GREAT MOVE ON MRNA - it filled the gap around 380 that was formed after a major selloff last week. If you look at MRNA weekly, last weeks candlestick was a bearish shooting star. MRNA was able to stay around the 360 support level yesterday and wouldn't go much lower from there. My original target today was 386, and now its at 400 so if you're still playing MRNA...

ChaseMColvin

If NVAX can break and hold above 238 resistance - it can test 250, 260 again next.

ChaseMColvin Updated 

Watch NVDA to see if it can break above the 206-208 resistance level - if so, it can run up to 208-213. There is an 11 point move priced in this week for earnings, which could result in the price breaking down too. Ideally, I would like to see NVDA break down below 189 - and back towards 180-177 supply zone before going long.

ChaseMColvin

If FB can hold and stay above 366 support, watch for it to move towards 370-377 again.

ChaseMColvin Updated 

Watch MRNA below 386, 360 could come quickly.. this could be a good opportunity to short or buy puts after a massive rally this past week. If you look at the weekly chart MRNA has formed a Shooting Star Candlestick, which is often seen as a bearish reversal candlestick. As of now my short term target is 360 if it breaks below the 387-386 support.

ChaseMColvin

MRNA broke down below the 386 support level and hit my target of 360. It is currently trading below 360 but I don't really care because that was my initial target, as it was the next level of support below 386. Puts paid pretty nice if you were able to catch it this morning. Watch from this level to see if buyers step in, if not then it could continue dropping...

ChaseMColvin Updated 

After NVAX reported earnings last week it sold off in after hours, which left a big gap to fill upward from 202-226. Vaccine stocks are ripping today, NVAX calls look good to fill the gap upward back to $226. Once the gap is filled, if buyers are still in control then NVAX can test 227, 250.

ChaseMColvin Updated 

Watch Sofi over these next couple weeks - my initial short term target was the next resistance around $17. If SOFI breaks through that resistance level then it can test 19, 21 next. The Daily Chart looks to be forming a pattern similar to that of a fish-hook; with bullish MACD and Stochastic Momentum as well. Can't forget to mention that SOFI also announces...

ChaseMColvin Updated 

If SQ can break and hold resistance at 283, it can re-test ATH's at 290, 300. Bullish on this stock in the long term, I wouldn't buy calls until it breaks and holds 283.

ChaseMColvin

Lots of bullish flow this past week on PLTR after a great earnings report and a long period of consolidation. I swear this stock has been terrible to trade all year during this period of consolidation, but now it appears to have broken out of that on the daily/weekly charts. If PLTR can break above and hold 25 it will test 27, 30 next if buyers are still in...

ChaseMColvin

AMD looks like its going to test 113-115 next week after breaking out of a bull flag on the 5 min and holding strong above 106 support all week. Bull Flags usually show a few consolidation periods and I think soon we will see AMD retest 113-118, possibly even ATH's again if buyers remain in control.

ChaseMColvin

WISH sold off and reach new lows during the pre-market on Friday morning following a not so great earnings report. I am currently in some calls, and my target is the gap-fill resistance around $9.34. Once WISH can get through 7.84 - it will be on its way back to 9.33. There were a lot of buyers on Friday and a large amount of volume; I think this gap will be...