If you've been following me for a while, I don't really do things like this and just keep focused on stock setups to lead my next best action. The narrow market in the last couple weeks got me digging and NASDAQ:TSLA run reminding me of 2021 top. So went a bit deeper and price action is almost identical before that top. Again, I have no clue what will happen...
NYSE:SE gently pulling back to test is 10 week moving average line for the first time since its powerful base breakout in August. Flip to weekly chart and you will see the similarities to recent weekly post I made about NYSE:SHOP Earnings 4 days out complicates the setup.
NASDAQ:FTNT pulling back to confluence of support on top of its previous breakout level and 50 moving average line. Up down volume and OBV line held up well during this pullback. Earnings in 2 days to add some spices to the setup.
Since is august low, NASDAQ:DUOL is up over 100% in 8 weeks making it a High Tight Flag candidate . Its been trading sideways for 3 weeks forming forming a dragon head setup 🐉 I thought this should have went already so.....
I normally avoid trading into a gap down open air pockets but this looks to be putting in an island reversal plus head and shoulders bottom. It broke the neckline and pullback on line volume to test it. Tight 3 day pivot developed today and held up well.
NASDAQ:ARM busting through this $152 area will negate that head and shoulders top look. Wedging up on that right shoulder so not a breakout I would be interested to buy here. Just watching to see how this resolves and for #feedback
Inverted head and shoulders on NYSE:EXP checks few boxes: * Pulling back on low volume to top of its base * Strong volume come up on that right inverted shoulder * OBV recent new highs and new high before price * Up/Down Vol >1.5 * RS line holding at highs and blue in color
AMEX:SLV bullish chart. OBV holding at highs. Couple days consolidation in this area and above $28.50 ish gives this a better look. #sliver should be on your radar.
Orderly pullback back to a large head and shoulder bottom base sets NYSE:UBER to an interesting pullback buy setup. Autonomous driving makes this one an interesting growth play and on point with #AI theme. As always, manage risk. Nothing ever is a sure thing in trading.
AMEX:IGV Tech-Software ETF been building this base since it toped early this year Feb 2024. Clear supply line around that $88 level but doing my stock work this weekend, many stocks look short term tired after last week strength.
Never owned an iPhone or Mac but I have many model NASDAQ:AAPL charts from back when this stock was young with earning and sales growth firing on all cylinders. The stock is holding very well in comparison to its mega siblings
Constructive drift lower on NASDAQ:NFLX with potential pullback buy setup. Mega caps have not been moving as money rotates into more interest rate sensitive places but $mets NASDAQ:NFLX NASDAQ:AAPL NASDAQ:NVDA on the top of that mega cap with best technical picture.
Plenty strong #BioTech charts. AMEX:XBI ETF filling its gap. But has a bullish Cup with Handle weekly pattern A bit of a drift down this coming week will put this high on my list. Removes the individual stock risk in that space but allow us to participate with better risk management.
Out of all the growth stocks, NYSE:RBLX hitting my radar with a dragon head 🐲 setup. Go figure.
FANG cup with handle setup as multiple #Oil and #Gas stocks are setting up. I am in FTI though but pointing this one out.
Another day or 2 drifting down would be great on NASDAQ:CART New IPO in Retail/Grocery/Internet business.
#Bitcoin NASDAQ:IBIT ETF is now a not touch until its back above that $34.50/$35 zone. Down to test that $30 support zone is on the table.
NASDAQ:IBIT #bitcoin weekly chart. Continuation inverse head and shoulders makes this one to watch in the coming couple weeks or so.