ZM is a sleeper right now but it looks great for a run upwards. Especially with COVID rising in different states and around the world, Zoom would definitely go upwards as its a COVID driven stock.
NIO is forming a bullish pennant on the 1 hr. time frame. Looks bullish to me but still have to be cautious as covid news could drive it either way. I expect it to hit some resistance at the all time high but if we break new all time highs, I could see the price going to $25 range as the new price target. I could honestly see a breakout within the couple of days....
Bank of America squeezing in between support and resistance. Could pop in any direction but I think its going up to be honest. We'll see how it plays out.
Im not a huge fan of the travel sector right now as anything can be thrown off due to covid news. The charts on DAL though looks promising for a possible bullish run if it breaks resistance.
Disney looks to be approaching gap to fill. Charts also not looking good at the moment. Selling pressure increasing in MACD. Lets see how this plays out.
Today I learned about gaps and the theories behind why they get filled. First stock I thought about was Apple and it honestly looks like its heading to fill the gap. It broke the 20 EMA and 50 EMA which is indicates a downward trend and honestly the charts aren't looking too hot. We have a downward channel as well. It already filled one of the gaps today, will it...
Disney is forming a bear flag. I don't like trading too much on bear flags because sometimes they're a toss up. BUT Mulan was a fail and they had a $200 million budget but only gain $7.5 million in box office revenue. TA is supported by FA. We'll see how it goes.
MRNA looks to be testing resistance. Looking for a break and hold above resistance. They have a conference coming up on Thurdsay 9/17. We'll see how it affects the price.
