It was a holding a bid over $340 after HBO deal but then gave in eventually after negative comments on CNBC. It is looking ripe to test $310 - $317 area
It had a strong start but tapered off as the day progressed even though BTC was making new highs. $318.50 a good resistance area to open shorts for it to move back towards $280 region
It has handled the $375-$395 well to form a base and now looks set to move higher. A move above $410 with volume should test gap pivot resistance at $435
It has had a huge move post breaking the $293 resistance area. Now after consolidating for 2 days, it looks set to break out above $342 area to target $360 - $365 in coming days.
It opened with quite a bid but gave up all the gains over the course of the day. It was quite extended from its big move and will look to test $360 area
It tried to take back most of its losses from yesterday but the rally fizzled out in the afternoon session. Important support pivots generally hold the first retest and hence $395 held but I will look for it to break in the coming sessions for a move towards $375 area
It is very extended from 8 and 21 day moving averages and presents a good scalp short opportunity in the coming sessions with retracement towards $550 and if breaks below then $525 area
$3140 continues to remain a sell area for AMZN as it has tried and failed to close above it over the last few days. It may retest the lower support in $3060 area before looking to clear the upper resistance again
It needs to clear and hold $3140 and $3176 with volume to show power and make a decisive move past the descending trendlines
$GOOGL flagging nicely in the upper channel. Looking for a breakout above the 1790 area with volume for a move towards ATH
TSLA made a high in the first few mins of the trade and then trended lower before making a current bottom at $433. We will see if it holds the gap pivot in the sessions ahead to potentially retest $460 - $465 area to make a move towards ATH
The wedge on the QQQs is setting up nicely for a breakout of the descending channel to move towards its ATH
GOOGL had a huge run and now it is consolidating above its previous ATH of $1726. If it holds $1726 in upcoming sessions and clears $1764 with volume, look for a retest of $1800 and a move above new ATH again
NFLX has been consolidating in the $478 - $495 area since its earning gap down. Once it clears and holds $496 with good volume, we can expect it to move towards $504 and then towards bottom of gap pivot level
ZM snapped back quickly from $380 area and now is moving towards its next resistance and trendline area of $445-$447. If the virus cases keep rising and any stay at home orders are further announced, it could clear its descending channel towards its next resistance in $480 area.
The tape in AMZN has been quite weak for the past few days even after a good move yesterday. There seem to be sellers every time it looks to clear an important level and now it is trading right below a descending trend line. Unless it clears and holds $3176 with volume, look for more downside towards $3000 area.
SPOT has a similar selling pattern to FB today where it touched the 8 day as its high and then sharply sold off below its accelerated trend line. Follow through selling could take it to the $225-$228 area where the action will again have to be mapped
FB could not break above its gap pivot highs and broke below its accelerated trend line which intensified the selling. Now $255 is a minor support break of which should take the stock towards $245 area.