NASDAQ:META is losing momentum. Oscillators are currently trending down. The company better bring a blowout quarter on April 24th ER or it risks filling the gap and checking back to that multi-year trendline. 👀
NASDAQ:TSLA Tesla is about to check back on the trendline that started since 2020. If that trendline breaks, $105 is possible. $138 could provide a good support. 👀
NASDAQ:RKLB A series of unfortunate events! Here is the chart where I plotted out a series of events that happened since September 2023. It shows the accumulation distribution and FINRA short sale volume. 1. You can see the stock has been in distribution mode since Peter sold 3.6 million shares. It is a small amount compared to what he owns, but it killed the...
ICEUS:CCK2024 Uhhh... Cocoa. The most it can rise to is $12,933. I didn't read the article. It is showing all signs of exhaustion. Volume is decreasing while the price is going parabolic. The oscillators are showing bearish divergence. It is close to a pull back, if not out right crash to 8000 area.
NASDAQ:DKNG It appears that it might check back the trendline. The earnings report will determine if it bounces from the trendline or breaks through it. 👀 Watch fib lines for potential support areas.
NASDAQ:AMD On March 24, I posted about a potential head and shoulder pattern forming on the chart and mentioned that we could see it decline to $160. Well, it went past that area. A full measured move for the breakdown is $121, which coincides with a check back to the uptrend line established since October 2023. Judging from the magnitude of this pullback and...
NASDAQ:SMCI What a breakdown! This is another stock showing a head and shoulder breakdown. A full measured move to the downside is $500, which is a 78.6% retracement and near the 200-day moving average. $650 is the next support level, and if it fails, the volume gap can cause the stock to drop quickly to the $500 area.. I remember analysts were caught up in...
NYSE:PLTR (Palantir Technologies Inc.) In my March 20 post, I mentioned that it might be forming a head and shoulders (H&S) pattern. Fast forward, the head and shoulders pattern is complete, and it is breaking down. $20 area could provide a good support. The full measured move for the head and shoulders is around $18. The RSI (Relative Strength Index) is close...
NASDAQ:NVDA (NVIDIA) Finally, the double top did it in! It is on the edge of the gap that was left behind after the last earnings report (ER). It would be a good entry if it drops to the 50% Fibonacci retracement and fills the gap. With the RSI (Relative Strength Index) being close to oversold, I am not sure if it will fully close the gap. The full measured...
AMEX:IWM hits the first support area of $192. It is the October 2023 pivot VWAP (Volume Weighted Average Price), which has provided support before. 👀 The RSI (Relative Strength Index) is close to oversold, so we could see a bounce soon.
NYSE:U (Unity) broke below the long-term support. Breaking down below $22 would be quite bad for the stock. It desperately needs a bounce for the bulls. There are too many uncertainties with the stock: - Lack of announcement for a permanent CEO. - Interest rates - The impact of Sora and other AI tools. The company needs to announce a new permanent CEO or...
NASDAQ:MARA Bounced from a support where it has previously acted as a launch pad. 🚀 Also there is a possible channel breakout. Watch the fib support and resistance shown on the chart. 👀 Oscillators are curling up.
NASDAQ:WBD is trading around the Fibonacci support inside a channel. Breaking below the current critical support, there is a possibility of further downside. Support levels to watch if the stock goes south: $7.40 $6.72 $5.63 While MACD and RSI are showing bullish divergences, it remains to be seen since oscillators are not showing a similar divergence. As a...
Lululemon hits the buy a starter entry zone and retests the multi-year trendline. There is a risk of it falling to the $300 to $289 area if the trendline support fails. Be aware of the risk.
NYSE:NKE I posted on March 31 that Nike R/R looks attractive. Since then Nike chart showed resilience come back that defied recent interest rate worries and geopolitics. The oscillators are also turning up signaling sentiment change. If it can break out of that descending wedge, it can run further to the upside. The price targets from Mar 31 post...
NYSE:NET I'm looking to get back in again. A good entry area could be around $84. An ideal entry would be around $77. Keeping an eye on it for now.
NASDAQ:RKLB The stock spent last week sitting on the multi-year support zone. The longest Rocket Lab has traded around the support zone is 9 weeks. If the current support fails, the next support area would be between $3.17 and $2.88. Could it fall to that area? It is a possibility, given the current geopolitical climate, ongoing inflation and rate cut concerns,...
NYSE:LVS The previous neckline resistance has been hard to break. Watch $55 area. If it can close above that area, it could run to $60.