In early November, Unity Software ( NYSE:U ) appeared poised for a breakout, but instead, it reversed course and sold off by the end of the trading session. The stock swiftly dropped from $23, breaking through the $18.50 support level and triggering stop-loss orders 🤦♂️. However, it quickly rebounded, surging past its early-November highs 😊. This type of price...
We'll call it $585.65. I would watch for a bottoming pattern there. Also, it's the almost the jolliest time of the year, so why short? 🍗🎅
Markets have been shaky these past few sessions—a reasonable pullback after a long uptrend. The intraday AMEX:SPY chart shows a double-bottom pattern, but it won’t confirm unless it breaks above $575. Personally, I’m waiting (and hoping) for AMEX:SPY to dip to around $565.50 before looking to go long again. 🚀👌
NASDAQ:SOFI has been on my radar for some months... Despite a sharp 9.3% drop post-earnings, it’s already fighting its way back up. SoFi reported a solid double beat in Q3 earnings, outpacing expectations on both revenue and EPS. Now, a quick 9% nosedive would normally leave any stock bruised and staggering for a bit, but not $SOFI. This bounce-back we’re seeing...
There’s an ominous topping signal showing up on the daily chart of NASDAQ:QQQ , suggesting caution ahead. Markets have been choppy and mostly flat over the past week, but don’t rush to short stocks just yet. Historically, November through January is a seasonally bullish period, which means we could still see upward momentum despite recent volatility. Patience is...