NYSE:KO looks good for a breakout and a measured move to 83 IF it can break and close above 72.5.
NASDAQ:TSLA looks primed for a bounce here with notable divergence on the shorter timeframe and a nice looking wedge forming. It is at previous significant support/resistance at around 264.
NASDAQ:META could be a decent long if we see a firm break above 632 and the wedge
The 4H NQ with notable divergence. Wait for wedge break and possible recapture of 5D MA for long. Alternatively, long above 20.200.
Couldn't hold the breakout. More downside ahead imo. Gap up would be perfect to add short pos with SL above channel...
The weekly NASDAQ:REGN is at a crucial level that offers a good R/R. Oversold and stretched to the downside could offer a significant bounce from these levels. Not financial advise!!
NVDA had a breakout to the downside with MAJOR volume, and now retesting breakout point. Good R/R for going short. Not financial advise!!
NASDAQ:QQQ rising on decreasing (and low) volume. I don't buy it.... Feels fragile and with zero conviction. Let's see!
After a long base building phase, is XYZ ready for the next leg higher? Earnings 20.feb
Along with other various charts, there is a few things that signals that a pullback/correction is imminent.
Everyone is talking about the H&S pattern, which leads me to believe it won't play out. I think a B/O to the upside is more likely.
I'm bullish on USOIL / XOP and XLE , and think SWN is a good way to play it. Monthly MACD shows strong momentum and is still building.
Even though sentiment is worse than at a funeral, I don't think the ball has many bounces left before it stops. Each bounce is getting more pathetic and eventually the floor is going to crack, the drop is going to accelerate, and the panic will kick in. I view todays action in $BTC as continuation of the downward move. I would rethink that if we were to put in a...
I think DJI is about to take the next leg higher. Same goes for SPX and NDX, although we could see some rotation out of tech.
Do we dear go fishing under all these resistance levels and moving averages? I say YES.
I'm long DK because it has a huge base. You get it?? Seriously though, after that massive consolidation, it better rise fast.