After a good breakout, price is retesting that important resistance at 87 the stock rejected 5 times last year. That also coincides with the 200MA. Strong confluence. If that can successfully be flipped to support, it will be very constructive for the stock for the next few months. Watching and will consider a long above 91. From there 115 is first target...
Notice how price didn’t drop like a rock after breaking down 2 support areas. Likely sign of institutional accumulation. Will be interested to long against 26 area if it breaks >29.
TDOC broke support trend line. And weak on sell off in the market. Will test the 133 low again.
Pennant pattern on TIGR. Long if it breaks out of the pennant on the upside
Looks like ZM found itself a channel. 400 breakout failed last week. It will probably retest the lower trend line around 369. Long if it holds the support.
The wick on weekly candle tells the story. Even though there’s a trend line on daily candles, my money is on the weekly candles telling the truth.
Should go for 230 next if market strength continues and ViX remains under 20
Daily and Hourly candles tightening up. Once breakout is confirmed should see higher if market cooperates.
Size small until breakout is triggered above 63.5. Also watch VIX as spike can derail this plan. Risk is channel breakdown or 57 area.
it broke the support line at 43. 35 levels next.
Potentially with a cup pattern. Risk is 20. Cup is not confirmed yet. Let's wait for price action across next week. if confirmed, back to 32 level by May earnings.
- Why? - Cup pattern - Earnings catalyst on Apr 28th - QQQ recovery If that holds, 21 May, 1310 Calls ideal.
SPOT touched 292 levels twice. That is also its current EMA 20 weekly. A breakout from here will be powerful and ATH is probably next. On watch.
Look at cup pattern. This could be really good pre earnings play.
The stock broke down trend by breaching the 123 level a few weeks back. Recently retested the 80 support area forming a double bottom. Bouncing off this support, 123 level next. And maybe more to ATH.
Broke down of pennant pattern. Next levels are 168, 161...
Support is around 40 area. Good risk reward setup. Size small as if it rejects and breaches EMA, lower lows in sight.
RDFN just broke trend to the up after recent consolidation. Strong bullish signal. 75 levels next.