ItsBones

ItsBones Updated 

The channel provided good support, actual first test of the bottom end of the channel since the low in March. Tech took a brutal beating last week with a disgusting weekly candle. However, the recovery this week has been extremely strong. Until the channel breaks, there should be some expectation of a bullish move to the upside. Only if the channel breaks would...

ItsBones Updated 

Two weeks ago I was a bit unsure of the direction. But as last week went on, I saw that the price action was similar to the May 22 consolidation above the breakout leading into continuation to much higher. Price was at around 312 and I looked for that 310 entry point to land some 7/13 320s and 7/17 325s which I was able to get on Wednesday. Unfortunately we...

ItsBones Updated 

Price & RSI showing a breakout of potential flag pattern (orange channel). Question is whether it can make a move to new highs or whether recent resistance will hold up. 3150 is strong resistance for the last few weeks. A complete S/R flip would likely coincide with a MACD crossover and RSI crossover above 60 signaling another bullish ally to new recent...

ItsBones

Weekly still looks extremely bullish and monthly is one of my favorite charts. However, daily is looking somewhat weak and prime for a pullback. Daily RSI rolling over and MACD bearish crossover sitting on the support of the inner channel (orange). No clear volume shelf until 16-18 levels. Possibly pattern support at 19.50. Short term is wait for a pullback and...

ItsBones Updated 

RSI shows a bearish divergence signaling an imminent pullback. However, the two peaks of the RSI look like they could be overcome by the most recent breakout and price move to the all time high. The RSI bearish divergence was present in a lot of major cap plays, including Facebook, and has caused many stocks to pull back. However, this recent move higher looks...

ItsBones Updated 

Appears to be trying to roll up after losing primary channel (blue). Generally bearish bias, with MACD bearish and RSI bearish as well. Short term potential for a wedge breakout, rolling up into a volume shelf at the 52-53 level which could act as resistance, as well as previous support lost at 54.50 which would also act as resistance. Like to see these...

ItsBones Updated 

Need to see short term continuation above the recent 114 resistance, S/R flip possibly, to remain bullish. Strong move up from recent flag after flag pattern, but the quick stall out causes concern for weakness. If it fails to overtake the 114 level, then likely pullback to the volume shelf around 104 which could coincide with a MACD bearish crossover and...

ItsBones Updated 

Price moving up in a tight channel (blue). Plenty of room to the upside. MACD bullish crossover with RSI trending up as well. Anchored VWAP off recent low coincides with volume shelf at 10,000 could be a support level. Short term bullish until 10,000 gives or channel is lost. Even if there is a short term pullback following the recent move to the highs, I...