jhiggins5

jhiggins5

Waiting for price to confirm rejection for the 50MA. Price seems primed to fall lower towards support ~365

jhiggins5

I'm bearish long-term, but wouldn't be surprised if this sell-off from the past SEVEN weeks bounces temporarily from the support zone at ~$138-$140. The 100 MA has held up nicely as support in the past, and if this zone does remain a solid support, I could see AAPL trying to push back to the top of the descending channel ~$155. If the $138 support zone can't...

jhiggins5

SNAP bounced from support @ $35.15. Price is attempting to break above the 20 MA (30 min. timeframe), as well as the descending channel, before it can target the upper range again @ $41. If the bottom support of this range ($35) doesn't hold, there is a pretty large gap to be filled down to $26.

jhiggins5

SPOT is in an interesting position and testing a pretty important area of support when compared to it's price action in 2019. The recent selling pressure across the tech sector briefly pushed this stock back into the prior horizontal price channel (accumulation zone of 2019), and is trying to test this support zone between $148-$152 as we go into March. Bullish...

jhiggins5

Waiting on the sidelines and looking for a good entry point for a bearish pullback in the near future. I noticed what looks like a butterfly harmonic pattern setting up on SPY, which indicates that price could push to a new ATH before the pullback occurs. Additionally, fresh CPI numbers are coming out on June 10, which could cause some pretty interesting price...

jhiggins5

SNAP has been trading inside the blue triangle for several months now. Marked on the chart are a few support zones which could serve as resistance in the short term. I'm watching for a retest of ~$58 after SNAP's selloff today. The market reaction across the board today seems to have been fueled by Janet Yellen's comments this morning on increasing interest rates....

jhiggins5

Several indicators have been showing weakness in SPY's most recent price movement, and it seems that the consensus here on TradingView is that SPY is long overdue for a retracement to test ~$400. Volume has been shrinking day-by-day, and SPY dropped in the afternoon to test support at the 20EMA. Across the major indexes, the market seems ready for a retracement...

jhiggins5

Purchased a couple $49 Call options for the end of the week...looking to bounce off of the support here at $49 to touch the green target zone ~$54.50.

jhiggins5

FCEL saw impressive growth from the beginning of November, and very briefly tested a previous support/resistance zone (from 2017). I'm skeptical as to how much further upside potential exists with FCEL in the short-term. I actually found a really interesting article written in December which analyzed FCEL's profitability in comparison to it's recent price...

jhiggins5

ETSY made a really strong movement over the holiday season, and is currently at the upper channel resistance that I marked in an earlier post. The e-commerce sector has been booming over the holiday season, and I'm seeing some hints of a retracement that could begin as the holiday season concludes. ETSY is up 11% this week, and 50% from mid-November. Will be...

jhiggins5

Simple idea on how FDX may move going into earnings next week.

jhiggins5

PTON looks to be deciding between these two channels in the short-term. The yellow box represents the current support zone that price is now testing. If this yellow zone doesn't hold support, the blue box (~$100) will be an important secondary zone of support, and could be an attractive zone for entering a long position. The green line in the chart represents a...

jhiggins5

Very simple, bird's-eye view just to draw attention back to JMIA's price action last Summer. $28 is an important resistance level from back in August of last year. I think it's highly probable that JMIA could retest ~$20 from here. I'm curious to see how price will respond to this price level over the next few days. At the time of writing this, JMIA is pushing a...

jhiggins5

Etsy seems to be consolidating at the bottom of it's current price channel. I'm interested to see how Etsy responds over the next few weeks as the holiday season approaches. Red box: Short term resistance ~$130 Blue box: support zone from late October/November It looks to me like ETSY may retest the blue support zone one more time before climbing higher in the Channel.

jhiggins5

Retraced back to the previous support level of $460, after strong selling pressure over the last week. Looking for confirmation of this support zone for the uptrend to carry prices higher. Upcoming earnings on December 3 should help to bring additional volume to this trade in the coming weeks. If this support can hold: PT 1 = $490 PT 2 = $525 PT 3 = $550

jhiggins5 Updated 

Some technical ideas on Snap's recent movement: Snap's price level is testing resistance at the 50 EMA around $23.00. This price zone acted as previous support throughout June and July. Additionally, the $23.00 zone represents a .23 fibonacci retracement from Snap's gap-up on April 21. A large amount of selling pressure occurred at the end of last week following...

jhiggins5

Zooming out on the weekly timeframe to look at the channel that INTC has been moving in over the past several years. The 250-day EMA coordinates well with the support that INTC has found within this channel. At the moment, INTC is oversold on smaller timeframes...I am interested to see if support can be held at this channel.

jhiggins5 Updated 

XVG is testing resistance at the 50 MA. Volume needs to pick up more in order to breakout from the previous support/resistance around $0.78. RSI is indicating the price movement is strengthening. XVG has been consolidating for a good bit of time now...volume will be the catalyst that is needed in order to reach higher targets.