pravenmoorthy

pravenmoorthy

DAL after a strong bounce has made a retracement to the golden pocket. It ended the day with bullish candle. An intraday cross above the 36.80 and a retest can confirm the reversal. If it takes out todays low then DAL will most likely go lower to fill the open gap below around 32.

pravenmoorthy

AMD finishing the day very strong. It is now at resistance if it can break or gap above that would send the price to ATH. If it is rejected at the current level then we could see a retracement to the 50% fib.

pravenmoorthy

QQQ bearish on the 2hr and the daily chart. QQQ is looking to fill the gap. Support level at 387 for a possible bounce.

pravenmoorthy

DOGE looking bearish on the daily chart and the weekly chart. It is currently sitting at support and if the bulls can't hold that support then we might start see a big sell off. The 0.12455000 level is a very important level that's where the bulls stepped in to buy. If that level is breached there is nothing stopping it from heading to the next support level. If...

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AZO forming a bull pennant. We could see a potential continuation to the upside. If it breaks down you can see a support at 1939 level.

pravenmoorthy

SPY sitting right at support at close. It is showing some weakness. A break in support can send it down to 464 level. If the 464 level is being tested then there is a high chance it could potentially do a gap fill.

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MSFT showing some weakness. It closed the day right a support with big sell off towards the close. If it breaks support tomorrow either with a gap down or just moving down during market hour then we will head down to retest the previous breakout. I am bearish for the short term.

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ETH closing in on the key support level and the channel bottom. I will be looking for a bounce from this level. If the channel is broken then we will be headed to the next support level . I'm gonna stay bullish until the channel is broken.

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ADA approaching a very important key level. If ADA takes out the low of the previous week then it is heading to the $1 level. We could see a potential bounce of the $1 level since its been a respected level multiple time. If the $1 support does not hold then we could see a massive sell off potentially all the way to $0.17.

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AMD sitting right at support. This is the second time it is revisiting that support in just five days. The support also lines up with the fib retracement. All indication shows that it will break support which will then expose the 120 level. I'm gonna stay neutral leaning short until I see it recapture the 148 or stay above the support for couple of trading days.

pravenmoorthy

FB still in a down trend. It has be underperforming the rest of the tech sector. It is retesting the resistance. A good news is we did not see a high volume sell off for that retest. A break above 334 will finally turn the trend. A change in trend could potentially bring a catch up rally. But if it fails to break above the support will be at 305.

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CCL looks bearish on the weekly chart. There are many different patterns on the chart H&S, Bear flag, and all pattern and fibs indicate the price is going to retest the pandemic low. The first level of support will be the 13.

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XLP breaking out of the resistance. The price target is around 78.

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AAPL finally breaking out on the weekly chart with increasing volume. The price target for the next week or two will be 193.49.

pravenmoorthy

Here are the key levels to watch for TSLA. It is still in a sideways consolidation. A break above the resistance and retest can potentially take it to its ATH. But the chance of that happening is very slim. We could see some side ways action before the next leg up.

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ARKK showing some strength but it is hitting the resistance. If it starts to consolidate at this level it could potentially start heading higher. But ARKK is still in a down trend.

pravenmoorthy

DIA just did an island reversal. Support at 355 and resistance at 359. A break above will take it to the ATH.

pravenmoorthy

VIX sitting right at support. If it breaks below and retest the support then we could see VIX going down to $15 which will send SPY to new ATH. I will stay long until it breaks the support.