PaperBozz

PaperBozz

AMEX:XBI looks like it is in the process of forming a gigantic head-and-shoulders pattern. However, the stock has not broken below the $60 level since 2017.

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NYSE:JPM Even JP Morgan Chase is showing a potential head and shoulders. It is still early but still...👀

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NYSE:RCL I don’t think the 200-day moving average (DMA) will hold this time. It will have to fall back to the trendline. The question is, will it stop at the first trendline?

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NYSE:CCL Another chart that is about to retest trendline started back in Oct 2022. 👀 The market is already pricing in a recession way ahead of time.

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NASDAQ:MAR : Marriott is retesting the trendline that started back in October 2019. Many charts in the market display a similar retest of the long-term uptrend line.

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The $35 to $30 area has only been broken once, during the 2008 global financial crisis. The company sold its US assets and now operates only in Macau and Singapore.

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NYSE:NET $86 to $80 area could be a good area to load. I am watching for now.

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NYSE:DIS Potential head-and-shoulders formation. $86 to $79 area has not broken since $2015. Anyone who wants to play the bounce must set a tight stop.👀

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NASDAQ:PYPL How wrong was I? Things were looking up until tariff and stagflation news delivered a one-two punch to the market. Friday’s candle broke below the support level with good volume. It is getting very close to retesting the uptrend line that started back in October 2023. They’d better start deploying those buyback dollars before that trendline...

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NASDAQ:TSLA is currently sitting on a support level. If it fails, it could revisit a recent low around the $210 area. The range from $260 to $210 is a demand zone. In a bullish case, it breaks out of that channel and travels to the $330 area. In a bearish case, it could retest the trendline around the $180 area.

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NASDAQ:DKNG Checking back on the uptrendline started back in Dec 2022. It is critical that current support hold. Otherwise, we are looking at $32 area next. $32 - $30 area could be a good support. 👀

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NASDAQ:DKNG is checking back to the trendline started back in Dec 2023. Can it hold?

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NASDAQ:LULU is an interesting play below that support level. The stock doesn’t stay below that support line for too long.👀

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CRYPTOCAP:BTC you know what is not down? Bitcoin. That means the market will most likely follow suit. If this descending broadening wedge plays out, we are looking at $104K to $108K area. Resistance areas to watch: $90 - $91K $96K NASDAQ:IBIT

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NYSE:BABA looks like it could check back to $120 area. Bearish divergence on both MACD and RSI.👀

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NYSE:UAA like clockwork, was rejected again from the trendline. Right now, it is showing bullish divergence on both the MACD and RSI. It could see a reversal soon.

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NYSE:NKE is trading at its 2018 crash low, just $5 away from its 2020 COVID low. 👀 The company said that after the current quarter, things will improve. China was down 17%, but China is going to implement stimulus measures to boost consumption. It’s not hard to imagine China’s consumption rebound helping Nike.

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NASDAQ:META is testing the upward trendline that began in November 2023. Can it hold? If it breaks the trendline, we’re looking at the $540 area for support. Something to keep in mind: It is way too early but there’s a chance it could form a head-and-shoulders pattern.