jluong2

jluong2 Updated 

I don’t know anything about this company but chart looks good. Clear break of long term downtrend. This would be a long term hold.

jluong2 Updated 

Looks like Rivian may have more upside as price has opened above weekly resistance. Next weekly target is $40. Lose the weekly level @ $24 and I’d look for more downside. As a note this means a weekly candle close below $24 and this trade is negated.

jluong2

Afrm seems to be headed higher after breaking out of descending wedge. This week will likely confirm if this is a true breakout. If breakout is confirmed my immediate price target would be $22.75 and after that target two would be between $47-$51. This trade is invalidated with a close back in the descending wedge.

jluong2

After a long period of consolidating envx on the weekly has broken out of a major downward trend line at around the $12.50 level. It is currently forming an ascending triangle on the lower time frame charts. Along with the technicals the fundamental side of this company looks pretty good. I do expect more upside moving forward. Major support can be found around...

jluong2 Updated 

Msft double top with a clear neckline break. We can also see the retest of the neckline this past Friday so looking for a continuation to the downside. Measured move takes Msft to about $317. Trade is wrong if we close a day above neckline. There’s a lot going on next week with the feds so I expect some decent volatility. Have a good week!