just hitting resistance, nothing more for now. That’s a clean trendline test on SOXX: strong bounce, but right at the line that’s been a ceiling since early 2024. Looks more like rejection than anything else. Price will sort it out soon.
QQQ is trading above the January open at 514.3; but given the high volatility seen in March and April, that’s not a positive setup. The bottom reversal from April already played out with 526 as the target. Taken together, these may be pointing to trouble ahead.
XRPUSD looks set to move higher after stabilizing above 2.00–2.01. The price action suggests a potential bottom is forming, with a target around 3.50.
JD is trading below its Q1 2025 low of 32.78. Looks like the kind of setup that might appeal to those who prefer picking up stocks on weakness instead of chasing momentum. Could be setting up for a rebound.
TTWO has broken above its multi-year cap near 215 and confirmed that the stock is likely to continue its upward trend. This breakout ends nearly four years of slow recovery. The move cleared a key level and price is now building momentum above it.
NASDAQ:LCID is down nearly 10% today. This could be a good opportunity, as recent price action suggests the stock has a solid chance to bounce back toward the $3.00 level by the end of June.
Looking for a stock that had strong momentum before but has slowed down over the past year? One that’s now trading near the bottom of its consolidation range, with about a 30% drop from recent highs? LLY fits that description pretty well. Based on its pattern, it looks like there’s a good chance it could bounce back toward $970, offering 20–30% upside in the next...
The recent +55% drop in UNH represents a major breakdown from its long-term price structure. Historically, recoveries in this stock have been slow and gradual rather than sharp rebounds. There is a critical support zone between $190 and $155. While the damage to the stock is significant, this support zone provides a logical area where a patient, steady recovery...
Watching NYSE:RDDT today, it’s clear the market is still undecided. Is this dip another chance to add, or just a pause before the next run? It’s a classic market paradox: When prices fall, fear grips the crowd, and conviction weakens. Yet, when stocks soar, like NYSE:RDDT did with a +12% jump yesterday, confidence floods back, and everyone wants in. This...
Since the market’s April low, the S&P 500 has surged more than 20%. Investors poured into high flyers: AI, semiconductors, mega-cap tech. The rally has been fast and crowded, driven by momentum and optimism. But not every part of the market shared in the celebration. Gold stocks, once seen as a safe haven in times of uncertainty, were quietly left behind. The...
Watch CVNA! Testing a critical $310 resistance level from 2021. This 100%+ rally from the $148 low might face headwinds. Time to lighten up? 🐻
AMD price action sends a clear message: the bearish trend since March 2024 is over. A full reversal toward higher prices is now the most likely scenario, as long as it holds above the 103–105 zone.
MRVL has broken out of a bullish consolidation pattern, signaling a potential continuation of upward momentum. The price action suggests a move toward the $80 level is underway.
GBPUSD has reached a key resistance level and shows potential for a reversal.
Gold has all the hallmarks of a potential top, with signs pointing to a possible slowdown in the uptrend. While some weakness could develop over the coming weeks, this does not necessarily signal a reversal. The momentum remains strong enough that any pullback or dip could attract buyers looking to capitalize on lower prices, keeping the overall bullish trend intact.
What Price Action Says About #AMD AMD’s recent price action shows a shift in how the market is viewing the stock. After falling sharply since March 2024, it found a bottom at $74.48. The strong rebound above the key $93 support confirms that the worst may be behind. A +30% recovery from the lows suggests the stock has started to reverse direction. But the move...
Spotify’s weekly chart shows a peak around the 627–652 range, where price action has failed to break through multiple times. This lack of upward momentum has left NYSE:SPOT vulnerable to potential downside. At the moment, 484 serves as an important support level. If it fails, it could open the door to a deeper pullback, possibly towards the 380–320 zone. Even if...
What Price Action Says: After a sharp decline, IWM has experienced a 15% rebound, signaling the end of the bearish trend. However, this doesn't mean the market is ready to shift upward just yet. For now, the most probable scenario is sideways movement, likely continuing through the end of Q2. A sustained upward move will require confirmation of a clear bottoming...