FiboTrader1

FiboTrader1

NYSE:CAT CAT has formed a very apparent ascending triangle and is on the verge of breaking out to ATH's. First target is 148.50.

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NASDAQ:AAPL AAPL has yet to smack $500, so I see it hitting $500 as a psychological PT, then falling back to it's first major support of $465. Ongoing analysis to come.

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NYSE:XRX Xerox has been bundled up inside the channel shown above. I'm looking for a breakout this fall to the mid to high 20's before trying to regain ATH's.

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NASDAQ:MU Per the chart patterns, I see MU making a corrective move this week to fill the gap it left behind at the 48.30 level. Look for a bounce off of that PT. Follow for ongoing analysis.

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NYSE:BA BA smacked the bottom support line this morning and is now on an upward trajectory to the 174 TP. A breakout of the 178 resistance will lead to a target of 189. Follow for ongoing analysis

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NYSE:CHGG With students most likely sticking to a completely online course load this fall, CHEGG will be highly utilized for homework assignments and exam prep. I expect this stock to be close to a $200 stock by year end. First PT is $170.

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NASDAQ:AAL AAL is setting up nicely to jump back to the $18 level, but be cautious. A break above $15 would be bullish to the 18.30 TP, but a break below 12.60 and AAL could revisit 11.60-11.40 PT

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NASDAQ:AAPL I just have to LOL at AAPL's price right now. With no change to P/E, there's no justifying this unreal price hike. As the chart shows, this stock has gone parabolic and will inevitably crash. My first PT is 325, but it may run up to resistance at 480-500 first. If AAPL falls below 435, consider the shorts in control.

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NASDAQ:GOOGL Googl has dropped below its uptrend trend line and riding the bottom of said line. I see a drop to the 1422 support this week or next before any bullish turn around can be realized.

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NASDAQ:MU As per my previous analysis, MU did exactly as expected and filled the gap at 46.80 and hit support at the $45 level. Now MU has settled at a support line established during the flash crash of Christmas 08. Nothing screams BUY MU like this setup. Feel free to follow for ongoing analysis

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NIO has been speculated as the TSLA of China. With a beat on earnings and more and more consumers entering the EV space, it is not difficult to imagine this stock shooting to the $30 range this year NYSE:NIO

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NYSE:MCD See the chart as an analysis only for MCD's run to $215.

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NASDAQ:MU MU broke through the channel I drew and the stock appears to be heading towards major support at $45. I will consider this my entry point for calls. I think this a great stock that doesn't get the credit it deserves. I'd like to see this stock head to $60 again by year end.

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NYSE:NIO NIO dropped back to support on the pennant shown after earnings ($12.85) and has now bounced back to first resistance ($13.50). Once NIO breaks through $13.50 R1, next TP is $14.40. To break out of pennant, it has to break above mid $15 range. Disclaimer: I am not a financial advisor. This is not solicited advice and trade at your own risk and do your...

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AMEX:JNUG JNUG consolidation in upper channel about to head to $200. If JNUG can break out of channel, TP 1 is $220 and TP 2 is $302

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NASDAQ:GOOGL Googl is at the top of a descending channel. If it breaks through to the upside, TP 1 is 1535 and TP 2 is 1580. If if it falls through support, TP 1 is 1440 and TP 2 is 1400. Since Googl has now crossed over to the underbelly of an ascending channel, I'm favoring the downside.

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NYSE:SNAP If SNAP can hold this pattern and breakout, SNAP should break out of descending channel and head back to previous highs. If not, $19.70 is the price target for support.

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AMEX:SPY Just speculative fun, but my prediction on SPY is a run up to 339 again, then hard bounce off top back down to major support at 322, then down below 300 into the fall. We'll see how it plays out.