Teabo

Teabo Updated 

Not looking good for CRWD - shame their excellent earnings went swept under the rug as the tide of the market waxed and waned. I'm long with CRWD so not selling yet but if they breach the green uptrend line this may get a bit ugly and force my hand. This needs something good to a) bring it back above trendline and support zone, and b) something to bust through the...

Teabo

As can be seen, PAYC has been declining in a pretty wide channel, and broke down from it's March 2020 trendline (follow my other charts to see how effective this is) and now faces coming back up against it as resistance: Bullish despite all this. They recovered their 200 day SMA, which was a true buy-the-dip moment. MACD looks good too.

Teabo Updated 

After a rough week that saw a lot of big tech names take a hit, MSFT held up very well in comparison: March uptrend line wasn't broken, regained it's 50 day SMA, and now looks set to push through momentary downtrend. Of course depending on the market we could see a lot of things but I'm not worried until this breaks the uptrend line (chart showing that trend shown...

Teabo

TTWO has got pretty badly beaten up in the last few months, suffering a 24% decline since it's last earnings. 4th of March saw TTWO smash through it's long term "covid-19" trendline, which was worrying and I'm sure for those who love to short that would've been the best opportunity... Remember perspective is everything, it's greater long term trend wasn't in...

Teabo

PTON just about keeping it's long term uptrend, and it's 200 day sma. Recent price action doesn't fill me with a lot of confidence that this sideways move between support and resistance is over. Need to really clear this area and start dealing with that big downtrend line extending back from Feb.

Teabo Updated 

Very bearish situation. Resting on a single trendline of support which doesn't instill much hope. Even if it holds in the near-term this has many resistances and problems to face. Yikes.

Teabo Updated 

Formed H&S pattern. Facing downtrend line as big headway to moving back up. If it breaks the neckline, could be in for a fair fall, might be time to pay the piper. Only bullish thing here is the bounce off the neckline. Furthermore looks like it's broken long term uptrend from March:

Teabo Updated 

Gotta make this support count otherwise down it goes.

Teabo Updated 

As per my previous charts, the Nassie (cute name for Nasdaq I heard) has to hold this support level of 13000 if there's sign that the bulls are still in play in this market. Bears have been hibernating for a long time and are out but I don't believe the market is ready to pullback further/give up just yet. That being said, if this level doesn't hold, a short...

Teabo Updated 

CHWY looking good with it's fantastic earnings, but it faces significant resistance-selling pressure at 88-89, in recent times. On the back of this earnings, I'm optimistic and bullish that it can bust a groove and close above 90 - which would mean both destroying it's downtrend line and reform support before another leg up.

Teabo Updated 

After breaking a long multi-year down channel, looks like it touched briefly at resistance of the 51-52 region. Just one day so hoping this remains in the area and breaks through with a retest as support. Green bar is what I've staged as a longer term support level and blue bars previous points that the price action was rejected - and will likely act as...

Teabo Updated 

Seeing NVDA fall to south of 500 was not pretty, but it's gathered back up and resting above a good support zone of of 515-518, that I'm confident will hold if we have a further jitter. With yesterday being a slightly ugly day for tech as a whole due to whatever reason can be deduced from the Fed/Yellen testimony, it briefly peaked above an important...

Teabo

DIS gotta keep kicking to stay afloat here - facing a downtrend and a recent leg down landed at former resistance-now-turned-support, which was good to see, plus it regained it's 50 day sma. But now has to keep it's head up to break the downtrend or this could be a very shortlived jolt to stay alive.

Teabo Updated 

As many traders have analyzed, recently nice (double) bounce off trendline extending back from July (perhaps even further if you draw from the wicks - I prefer to draw from the body of the candle) which has staged it nicely as still in an overall uptrend. I believe it's in a good position to push through this resistance band and the temporary downtrend (red line)...

Teabo Updated 

Bullish on BA long-term, with it having broke past it's two year downtrend line stretching back from March 2019. In the very near-term I'm expecting this to do either consolidate above this trendline to function as a bullish retest then go up further and break past (what I think) is a fairly weak resistance area of about 278-282. Due to it gapping down when it...

Teabo Updated 

So an update to an idea I published last week - seems the market weakened as outlined in my bearish scenario, albeit not as severe with a drop to 12,600ish, yet... Bullish case: Nasdaq can come back up with a successful retest and then begin to break free from this downtrend line (in red) to see some upside finally. Bearish case: Judging from the situation...

Teabo

Alongside a few other traders, eyed up the potential chart pattern of inverse H&S forming but, didn't quite get there with the market pulling tech a different direction after the Fed testimony. My concern was the breakdown through the green trendline that extends back from March 2020 lows on Wednesday but yesterday was good, and today... well what a day, bounced...

Teabo

DOCU on the cusp of either breaking through downtrend line, or worse; breaking down and having to find support again at 192ish. Hoping it's not the latter and I'm sure that'll depend on how the tech beat down fairs next week. Long and strong.