Paypal has been trading within this long term channel for quite some time, Paypal just bounced off of an inner channel support line creating a Double Bottome Pattern. PYPL is looking quite bullish short term, we can expect PYPL to reach these price targets of the Trend Based Fibonacci Extension.
On the 1h chart INTC can be seen forming an inverse Head and Shoulders Pattern, or even a Double Bottom pattern. This is a very bullish sign, with the MACD transitioning into the green. If Intel successfully breaks the 63.57 line, it could go long having price targets of:
$66.30 - $67.80 - $70.00
In my opinion this looks like a very safe bull play on INTC. Always...
With this market correction, we can see that Best Buy (BBY) is down to a support very much nearing a previous gap from July 2020. If the market continues to Bear, it is likely we see that Best Buy will in turn fill the gap and potentially retest previous resistances (now supports). This move can take a few months, but the dip will be a nice buy for long term BBY....
Twitter has a Gap to fill from February 10th. I believe depending on whether TWTR breaks out above the current highs of $74.90 levels the stock will rise then correct, or slowly inch itself back down the the $50 level. Personally I think the $50 levels would be a fine place to buy, as the stock has so much potential for 2021. However market conditions are shaky,...
I see Facebook making a run back to highs of $280. Facebook is now closer to the $255 support line (blue line) it may take a few days to retest this line before breaking upward toward those $280 levels in March. I would wait for FB to retest the $255 support before going long, and remember to be careful of these Zones of Resistance found in purple.
Disclaimer:...
NIO has been trading on a very strong support line since January 8th, it is likely we will see NIO bounce off of the support line in weeks to come, but by the end of this week (February 19th) I would expect to see NIO reach the $55 support line. Potentially if the strong uptrend continues on the Daily chart, could see NIO run up to $80+. NIO seems to be in a...
