Ticker: $ACB Daily Chart - $ACB has seen a nice pop along with the rest of cannabis stocks - Today we tested the 50% retrace from the swing high, ultimately unable to maintain the 38.2% retrace into close - Watch to see if we can hold 9.81, if not we likely see a retrace back to gap
Ticker: $NIO 60 min chart - $NIO has been seeing aggressive buying since the breakout of 30.00 - Formed a bullish channel - If we maintain channel support, watch for ATH, then 45.65 - If we lose channel support, watch for a pullback to 37.71
Ticker: $AAPL Daily Chart: - Broke out of its symmetrical triangle - Pulled back and maintained that critical 116 level, closing above 118 - If we hold above 118 into Monday and break our weekly high, watch for 122
Ticker: $TSLA Daily Chart - Approaching triangle resistance, closing above 0.618 retracement - Watch for a break of our bearish trendline (red), and confluent resistance point of 448 - Should we break 448, watch for a move to our target price of 465.90 (swing high)
$SPY is forming a wedge on its daily chart. Over the course of this week we have seen a strong bull rally to the upside. On the daily chart if you turn on the 4 ema, you can see that we are extremely extended. With this extension in one direction, I would not be surprised to see a pullback into demand. - $SPY as I write this is currently sitting below its daily...
Ticker: $SQ Daily Chart - We are starting to pull into an area of support... 50 ema/trend support - Seeing a doji on daily, indicating possible reversal, if we bounce here watch for a move to 175.40
Ticker: $DAL Daily Chart - $DAL not looking too hot here... we have been forming a symmetrical wedge since back in February, ultimately breaking it to he downside - Should we take out the swing low of 28, watch for 24. If not we will retest the wedge breakout level
Ticker: $ADBE Daily Chart - This is another one with a bearish outlook, breaking out of its triangle to the downside - First level of support is 450, if we hold watch for a retest of triangle - Should we lose 450, we could see 416
Ticker: $DKNG Daily - Today I took a long position on $DKNG looking for a potential reversal - Strong daily close, holding both the point of control and trend support - Watching for a break of falling trend - Confluent resistance around 46. Targeting that then 49.50
Ticker: $NVDA - Weak close for $NVDA following the break of its rising trend - Watching for a move down to 515.50/510 for a support zone in which we could watch for a bounce long - Target off bounce will be a 50% retrace from the lows
Ticker: $BA Daily Chart - Strong resistance zone between 165-170 - Good sign with Friday's close on $BA, closing above that 50 EMA, indicating shift in trend - Waiting for a close above 170. My thoughts are if we don't get a push this week we will pull back to support levels
Ticker: $ZM Hourly Chart - $ZM setting up for a potential leg higher, currently in a wedge / bull flag formation - Based nicely along our 460 support and closed today above our 478 pivot - Watch for a move through our AVWAP to test the break of 500
Ticker: $NFLX 4 Hour Chart - Huge run up following the break of our wedge and a break of the critical 504.66 level - Today we closed just below 528. Going into tomorrow this will be our critical pivot. If we can hold above, watch for a move up to our channel resistance, if we fail to hold watch for a move back towards 528, 510 - Stochastics indicating being a bit...
A technical breakout of the markets. Will be going over my the index's as well as top watch stocks from my watchlist. Join to get insight into moves that have occurred throughout the week, or potential setups for the remainder of the week.
Police cars revolving lightATTENTION $ROKU LONGS: - $ROKU had a strong move through its symmetrical triangle breakout - This was confluent with news of NBCUniversal’s Peacock app launch - We are now approaching our channel resistance... WATCH for a POTENTIAL REJECTION @ 197. If 197 breaks, 200 could hit
Ticker: $TDOC Daily Chart - Strong daily move through multiple points of resistance - Held the 50 EMA, reclaimed channel support, and broke through our downward resistance - If we can reclaim the POC, watch for 220 then 240
In early September, $TSLA broke down from its bullish up trend, coming down quick to base at 330-335. We formed a symmetrical triangle in which we had a bullish breakout on the 14th. We pushed with volume to fill that gap made on the 8th @ 440. Today we continued higher, pushing through critical levels of 451, 460 however was unable to maintain these levels. Going...
Ticker: $DOCU - Bouncing nicely at trend support (wedged between the support and resistance of previous trend support) - If we can hold support and break higher I am looking for a move to 217 - Needs to take out its trend resistance