Shopify is coming into an important close this week. A close below the upper weekly bollinger band 1 std would signal a deeper sell off is likely. All previous closes below that upper band have led to a correction to at least the mid BB, which is currently 70.70 (moving up). This could be a key indicator in telling if Shopify has already bottomed.
Do i like apple, not really... but it's hard to be very bearish when magic beans are 60k+. I would expect apple to bounce soon from one of these green support levels.
Everyone wants to pile in the news of Nancy P buying calls, but why not let things settle down first? I'd feel a lot better buying around the green then buying now at resistance.
Nvda likes that 200 week moving average, i wouldn't be buying when it's trading this far away from it. Look for these two to meet in the future (no it won't be tomorrow...)
i'm looking for levels to play out, if daily candle close over red then no good...
Everyone is looking for a dip in PLTR after the monster run. Look for the green horizontals to add, at least $23.50 should be tested. Whether that is before or after hitting $26, who knows. I'd just keep adding, this is going to be a blue chip tech stock of the future.
If you fail to make a swing high, be ready to test the swing lows.
Snow is resting against big resistance on weekly and monthly time frames going into earnings. I see it as a riskier bet to the long side here. Support is around the $200 level. Good Luck!
Hood needs to close the week above 12.95 to make a new swing high, if this fails then i believe the swing low will need to be tested at 10.65. Above 12.95 things start to get exciting, as i don't see 13.58 acting as much resistance.
Weekly 9 coming on a 2 week time span. It has been a good indicator for pullbacks / consolidation. NVDA could see some chop as it did in the last 9 or more off a pullback to the uptrend. Just something to keep in mind.
SMCI is really really really extended... Maybe this is the spot it takes a breather?
TTD setup looks excelent: - The long term log scale trend line has held - Tested and held the 200 Weekly MA twice - The 20 Week MA has been tested and multiple times and price looks ready to start closing above it - The short term down trend has already broken with the last weekly closing candle This could be the start of the next impulsive move up. I am playing...
Possible long term trend until NET breaks ATH's (or gets very close).
Green horizontal would be a good buy, could bounce to Red. Long Term look for the $70 area, that would be a good long term buy.
There could be some upside left on this move, but i think this is a dangerous area. I'd be very wary of a rug pull on any run up to 11500. The 11050 support area has already been broken twice, i don't see it holding a 3rd. This would open up a move to around 9000. Be aware of the levels at play here.
This move has the potential to get to $100, but i'd be selling as price starts to close in on that area. I expect the $75 level to be tested within the next 3-6 months.
Meta is at resistance. I doubt it has the momentum to get to the next resistance level at $157, if it did that would be a great place to short. I believe Meta will retest the lows in the near future (3-6 months).