ALGO over $1.45 resistance can imply a 18% move back to $170 lvl area. The last 10 days has shown a nice rally from $1 lvl back to $1.45. We formed a nice bull pennant on the daily chart and right now looks to be breaking above. I will look to enter over $1.45 for a swing, SL at 1.38.
BCH has tested this $550 resistance zone 10+ times over the past few months. The Three times we managed to break/close above on the Daily saw big moves. This is also the edge of the HVN on the daily chart. Over $550 BCH can see 600-607 which serves as another strong resistance. If we can get through those price levels we open $700 lvls. The trickiest part about...
ETH is trying to breakout of its nice triangle pattern here on the Daily chart. We initially stalled out at the $1940 resistance just a few hours ago and are now consolidating below. We spent a day hovering at the $1800 HVN and support lvl and have made a nice bullish move above $1900. I will be watching $1940 break to add a position looking for $2000, $2040, and...
I've been watching XLM's chart for the past few weeks waiting for it to break out of its range between 0.37-0.43. It looks to be breaking down below the 0.37 support. With many different coins weak right now XLM has the potential to accelerate down to 0.359-0.335. The pink rectangles are highlighting that this current area can result in a bounce in XLM as an...
ADA looks to be losing the $1.20 support line after flirting with it multiple times the past week. We broke below temporarily, touched $1.16 and then pushed back to $1.21 but failed to break local resistance or the EMA clouds on 1h chart. This is signaling to me that we might head back to $1.12 support lvl. There are many crypto setups that I'm bearish on in the...
TDOC had a massive $133 correction since February 16th. They reported an earnings of -$3.07 which missed estimates of $0.24. Big miss on their earnings accompanied with a correction in the overall market resulted in price landing below $200. The past 4 days TDOC reached a low of $174 and today managed to test the $200 support but failed to get above. I have...
BFT was a big winner last time we played a breakout on the January 27th write up and we were able to capitalize on a 26% move. BFT has spent the last month in a bearish downfall from $18 —> $12 when the market was selling off with uncertainty. Looking at BFT’s chart we sold off to $12.51 this past Friday but managed to rally with the market and close at $14.93....
NET NYSE:NET is a riskier play at this moment due to the overall weakness in tech stock and market conditions. But, in comparison to other companies in this sector NET is holding up fairly well and showing some relative strength. NET tried to get over $76 today and failed to hold above. Testing a strong support zone for the third time over the past two months...
NNDM NASDAQ:NNDM is a chart I have been watching for a while and today's massive gap down looks to have found a temporary bottom. I like NNDM as a longer term hold but the current set up look sto be a nice swing play. Adding shares and will look to play some March 19th 12.5 calls. NNDM needs to close above $11.50 today. We have the nice 38.2 fib retracement and...
Swing Idea: Boeing NYSE:BA broke out of the Daily descending channel and has consolidated into a flag pattern. Nice volume accumulation during this past week with a strong candle on Friday. Plan : If SPY turns green this next week I like BA for a swing over $220 with initial PT of $240. Watching 3/19 $240 Calls (3.10/3.25). I will only look to enter BA if...
Apple NASDAQ:AAPL has continued its sell-off since a new ATH at $145 lvl with almost -6% over the last three days. Even with SPY hitting ATH’s Apple was still selling. I like the 128-132 area in Apple for a bounce/consolidation zone. I entered apple yesterday with shares and 3/19 132.5 calls. Apple also has a rising wedge pattern on the Daily chart which will...
Proterra NASDAQ:ACTC designs and manufactures electric transit buses and electric charging systems. I am not going to do a big write-up on Proterra, this play for me would be a shorter term swing/breakout play. The company looks solid, their customer base is quite impressive and spans across North America. They are a very diverse company and have established a...
EBON is a crypto/telecommunication play. They are best known for their ASIC chip design and manufacture and selling of Bitcoin mining machines. They are receiving extra attention this past few weeks due to them completing chip designing for simultaneous Litecoin ( KRAKEN:LTCUSD ) and Dogecoin ( BITTREX:DOGEUSD ) mining. ”In the future, we will focus on developing...
EDIT NASDAQ:EDIT is a genome editing company with treatments being developed for Leber congenital amaurosis**, Usher syndrome, neurological diseases, Sickle cell disease, beta-thalassemia, as well as cancer treatments through NK cells. The leber congenital amaurosis clinical trial is currently the furthest along but still in its earlier stages but has completed...
XL is an EV play that I have been watching for the past couple of weeks. Recent news: 6 days ago they released news on a partnership to develop all-electric and plug-in hybrid refuse trucks with Curbtender. They also were initiated with Buy rating and $30 PT at Canaccord and BTIG. This news gave XL some momentum and we gapped up 8% and tried to break out of the...
AMEX:SPY The chart shows a decrease in volume over the past 6 trading days as SPY has surged to ATH's. I think not only is the market due for a correction but SPY/QQQ are demonstrating similar charts. Today I will be looking to enter some 2/19 386 Puts today. I will be looking for a possible bounce in the 388 range and if that fails then I think we see lower. If...
CGRO is expected to complete its merger with Innoviz (INVZ) technologies in the first quarter of 2021. If that timetable is to be believed then we are only looking at 1-4 month timeframe for the merger to occur. Innoviz is a lidar sensor play - think VLDR and LAZR . After analyzing VLDR/LAZR who are the well known tickers in this sector it looks like Innoviz...
DOCU looks to be setting up for a 260 test. The next few days will be key to a confirmation of a breakout or just a bounce. I will add to this writeup when I have more time. Currently swingin 2/19 245 calls since last week. I am looking to add 2/12 250 calls if we can close over the 20 SMA on the daily chart to swing into next week.