yflaw1018

yflaw1018

Visa has been bouncing clearly on ema 200 and also on bull trend line, 3 times! Very clean and Rebound. Bounced off a major support level at $220 beautifully. Visa has been trading at a very rich valuation, over 40x earnings and 20x sales. Its been selling off recently, down about 10% from all time highs. MACD is bouncing to positive and there is a V bounce at...

yflaw1018

Seeing a Head and Shoulder Forming on 1Day Chart. DKNG is testing the neckline and if it fails here, it would end up selling off back to $50s. However, if DKNG could break the neckline around $64-$65, this would be a breakout of head and shoulders and could be pushing the All Time Highs. Set an alert at $65 and keep monitoring the price action. Market sentiment is...

yflaw1018

Seeing an inverse head and shoulders forming on the 1HR and 4HR chart. On the previous post on AMD, there is a triangle breakout and now it has just broke out nicely last week, seeing a nice golden cross (50ema crossing above the 180ema). $112 could be a sticking point considering it was resistance a few weeks ago, so keep that in mind. There could be a push back...

yflaw1018

JPM is starting to breakout here on the 4hr chart and is currently up about 2% on the day. We're breaking out of the wedge and it is trading above both moving averages. Monitoring to see if JPM can make a move towards $167, which is the all time high, 3%-4% upside per share.Also, it has hit FIB 0.382, the risky part that it might be a rejection in this wedge...

yflaw1018 Updated 

Loving this setup for PYPL, rebounded at demand support zone well, nice buyers pushing pypl out of this demand and could potentially see another push up into resistance supply zone above and eventually a gap fill upwards. Cryptocurrency bullish trend might help to push with a nice breakout of BTC of $50K today! Also Paypal launches its cryptocurrency service in...

yflaw1018 Updated 

MU has been beaten down lately with a decreasing quarter revenue earnings since 2018 and recently it has established a strong Support Demand Zone at $69. Net margin contraction has also played contributed into the press. Earnings is coming up in October and it is expected to be better. From $69 bottom support to the upcoming resistance at $72/$74 with Fibo of 0.5,...

yflaw1018

If anyone has placed their position in IWM few days ago when I wrote my analysis on IWM, please be careful with tomorrow's small caps market as IWM has reached to the crucial pivotal resistance point, either they could breakout and all small caps stocks will continue to rally OR a strong rejection to downside. Small caps stocks like DKNG, PENN, AMC, CROX, UPWK,...

yflaw1018

Strong break of the flag on RBLX, yesterday price action was solid. A break of $90 and I think we could see a retest of previous highs around $94. $90 is crucial point to see if it could hold the trend or else rejection might happen. RBLX is one of Cathie's Wood favourite stock as well.

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UPWK is rebounding well at the support zone at crucial $40. Its slowly peaking above 50sma on 4 HR chart. It is also up over 4% on the day which is a good sign for the bulls. RSI and MACD are very oversold with showing a good reversal. The next resistances or TP are validating at two moving averages, 50 EMA (at $48) and 200 SMA($45).

yflaw1018

From the daily chart, looking at the ever strong Resistance of $557 Supply level that has been rejected more than 5 times since IPO, indicates that NFLX might be rejected once again. At 1HR chart, we can also see a triple top rejection at $556/$557 during the day. RSI is highly oversold. Expecting a downwards rejection on the strong resistance. However, if Nasdaq...

yflaw1018

Roku bounced really well at the strong support zone and also changed the trend to bullish "U" on the daily and 4HR chart.Previous Resistance that turned into support $351 is crucial indicator of reversal. Making daily higher highs and higher lows gave it a confidence bounce upside. If it can hold at EMA 20 with volume, it can easily hit back to $360. Bullish...

yflaw1018 Updated 

DKNG broke out of the strong resistance triangle of $55 nicely today. Seeing an inverse head and shoulders on the long term chart, could possibly break into $60 in near future.A nice uptrend formed with higher highs and higher lows. Bullish trend. But beware of the resistance at $59/60 supply range. Plus Jacksonhole meeting on Thursday and possibility of taper...

yflaw1018 Updated 

Watching COIN with third touch of trend line on the 1D time frame. With the recent surge of crypto once again, block chain stocks will be on watch. Looking to see the rebound on trend line to $260 and eventually the mega strong resistance of $280

yflaw1018

QCOM has reached a crucial support zone level and seeing it rebounded with a green candle and RSI turning backup to 50, giving more reasons that it might filled the gap up from $142 to $145 easily with nice volume push. Friday closing was beautiful in conjunction with a good volume, seeing more upside if Nasdaq rallies up this week to $152 a strong resistance....

yflaw1018

Roku has touched the crucial $340 support zone and seeing a trend change to upside with an inverse hammer followed by a green candle. Selling pressure is slowing down as well. In technical short term, potential upside from $340 to $370/380. Also Roku has just rebounded above swap at $345.58. With a good momentum, could see a nice push upside rebound with RSI...

yflaw1018

A strong dip and rebound at the strong support line for Russell 200 small caps etf at $211, price actions shows positive bounce to potential $224. At least 4/5 rebounds happened at this demand support zone. However make sure that it doesn't break the strong support at $211. Or else upside is bound to happened.

yflaw1018

Keeping a close eye on $RBLX here as it is testing the wedge resistance on the 4 hour chart. If we break out of $85/87, there is a potential upside to mid $90 (resistance from the end of June). Buyers are stepping in and RSI is moving above 50%. MACD is approaching positive line as well.

yflaw1018

Triple Top on Key Resistance level, Head and Shoulders. Monitor at every top that hits resistance, the RSI on triple top making lower highs, showing a downward trend on RSI while candles are showing uptrend. Does this signal that there is some potential fears in the market? Especially with FOMC minutes tomorrow. Is bond tapering coming? Plus, there is a Doji...