HNST is looking really good on the daily chart. It's already tripled off the lows, but is in the end stages of a textbook cup and handle and currently grinding up at resistance. A volume breakout, or a red to green open should send this straight through that $3.50 resistance. RSI held 50 and is now creeping it's way back up slow and steady. Could be due for...
The farther we get from the launch of the BTC ETF, the clearer the picture becomes. We had a bit of euphoria and then a typical sell the news event. ARKB is now consolidating between $42 and $44. Although we don't have too many data points yet, on the 65min chart it's now back above and surfing the 20 and 50 EMAs. With the Bitcoin halving just a few months out,...
QQQ might be rolling over a bit after that massive gap up from the 22nd. Would not be surprised (or a bad thing) if we come down and fill that $425 gap and test the 200EMA on the 65min chart.
ASPN is forming a beautiful flag right at a major pivot after a big run up after making a beautiful power earnings gap. Surfing the 20 EMA on the 65min chart. First target $20
BTCUSD is currently at $56k. We've had very few weekly closes higher than that, and not a whole lot of volume. The $56-$58k area is the last bit of volume resistance. I suspect we will get a rest here before testing ATH. But once we break through, there's no more resistance up to ATH and obviously price discovery beyond that.
PANW Dropped 25% overnight after disappointing earnings. The 25% drop brought it perfectly down to the 200 EMA and right above a major pivot. If it holds the 200 EMA, this could just be an aggressive but potentially healthy pullback for a stock that has been technically overbought for over a month.
AYI is currently breaking through a pivot that's been in place since 2015. Price currently above the major EMAs and has been riding the 20 EMA on the daily chart nicely. A follow through on this break could send price back up to test ATH at $280.
GOGLE is flagging nicely above an accumulation zone that's been intact for 7 months. We're seeing higher lows since October, and currently price is sitting above the 50 EMA and right at the 20 EMA. A breakout on volume should send this to $150 and beyond to new highs.
EW is flagging beautifully just under the major $87 pivot. Made two nice gaps up after a similar flag broke to the upside. Showing great relative strength on a nasty market day as well. Target $95
TTD has been looking really good lately. Been tightening in a wedge since mid 2023. Currently sitting above the major EMAs and working on an inside candle today and showing decent relative strength after the weak CPI print earlier this morning. Earnings in 2 days, and have posted 5 consecutive beats.
ARM is working on a double inside day after the massive run up. Tightening now and looks ready to explode higher tomorrow. A red to green open tomorrow could be perfect!
RNA has been making higher highs since October, and is now back above the major EMAs on the daily chart. Currently trying to break above the $13 pivot, with plenty of move to run. RSI seems healthy, riding just under overbought.
AMD is consolidating really nicely after making new highs in late January. Surfing the 20 EMA on the daily chart as well. This will be a top focus for me heading into next week.
XBI, the S&Ps Biotech ETF has been ranging nicely just below a major pivot that has acted as resistance for over two years. Bounced off the 20 EMA on the daily and made a beautiful candle on Friday. Anything that happens below $95 must be taken with a grain of salt, but it looks like it wants to breakout and flip that resistance pivot to support.
RBLX has been beatdown relentlessly since the covid top. Now down $100 from the peak, has been trying to break past $48 since October 2022. Now touch the pivot 5 times since then, and with 2 quarters in a row of positive earnings, it's looking increasingly likely it will happen. Made a PEG last earnings, and is now sitting above the major EMAs. Not the best name...
PATH is currently pushing into the $26.50 pivot. It broke once but was immediately rejected. The 50 EMA has been acting as support, and this looks like it will only be a matter of time before it breaks out to new highs.
PRAX is forming a pretty clean cup and handle on the 65min chart. It also just filled a gap to the upside from March 2023. Been riding above the EMAs and the 50 just crossed the 200. RSI near overbought, but I view that as a sign of strength in this case. A clean break on volume above $46 could see this nearly double, quick.
TSLA looking like a good risk/reward spot here. Holding the bottom of this descending channel. RSI is oversold on the daily, and MACD looks like it wants to flip bullish. TSLA has been beaten down relentlessly since the start of the new year. Good spot for the tide to turn.