Strong upwards attempt to make some new highs, but getting rejected a little bit. We have been chopping around for a few months, I wouldn't be surprised to see a fake out then head lower.
Although we gapped up yesterday (Thursday) and today (Friday), we have not held the gap very well. There is very obvious bear pressure at 424, and we have been trending lower on 5 and 15 minute charts. The volume is the lowest we have seen since in over a year. Short term outlook bearish.
Bulls and bears are equally matched in deciding whether to break higher or lower. Be wary of choosing sides here. If you are short volatility, then you've probably been making a profit. The longer time we spend consolidating, the stronger the direction conviction is. June is historically a bad month for stocks, July is typically much better. We have pushed up 40%...
Usually I do not record, but I am trying to improve at voice annotating. Hopefully this video provides some insight to Tesla traders/investors.
Triple top on spy, very low volume, and left a huge gap to be filled. I could see this dropping back down beginning next week.
Showing signs of a recovery. Since it's IPO, ABNB reached highs of 216 before consolidating back at ~140, it's initial offering price. The volume has increased in this stock and investors are taking interest. It has a clear path upwards with very little resistance.
Travel between 45 and 65 to kill weekly options. Will probably move upwards or downwards on Tuesday.
A lot of selling and uncertainty in the market right now. Big red candle is a bad sign for SPY. No buyers at the highs.
NKLA shows some signs of a reversal. I am eyeing the top bollinger band @ $24, as a price target. This move could happen within the next 4 weeks, I will buy a few OTM calls. Thanks for viewing!
Looks good for buying calls. Lots of room to run upwards. BFLY is a small cap company, which can be good for momentum plays, these companies can move independently from the broader market. Thanks for viewing!
TXN filled its gap as the chart suggests and has another gap to fill downwards. I believe the market is looking overall bearish. This stock is at its top bollinger band right now and the volatility is contracting, options are expecting a small move for next week - about 1%. However the chart suggests this could move up to 2.5% in the next two weeks if it fills the gap.
Bullish trend line bounce. The green "T" on the chart indicates a tweezer pattern which sometimes is a reversal. Appears to be finding some support, this stock is overall bullish. Thanks for viewing!
Could be a setup for a bearish play. As always, thanks for viewing.
Snowflake is are reporting net losses of 200M+ every quarter, causing the price to drop. We are currently at resistance, and this stock looks like it will drop lower. Thanks always for viewing.
(My trade) Call Calendar Spread: Sell 127 5/28 Call Buy 127 6/4 Call Thank you for viewing
Looks bullish to me. Currently consolidating on top of support. Thanks for viewing! PT ATH
Microsoft is showing bullish momentum and looks ready to pop to 255 at any time. It has broken past previous support, the next prime level is 255 because that is the bottom of the gap zone. Thank you for viewing!