Bringing to your attention that TSM is ready to breakout. Semiconductors are still hot. Above 142 next stop 148, 158.
BABA broke out the diagonal trendline, closed nicely above 200SMA and volume is also great. Next stops 87, 90, 92 unless it's another fakeout. BABA had many of them in the past. Also we have earnings coming up on the 5/ 14. Undervalued company, sadly we're dealing with Chinese government thus it makes the investment a bit more complicated.
I like this breakout on XBI. I'm in with a bigger position and we're sitting right at the 100SMA> We could retest from here closer to 88/86 but below that I'd cut the trade. It's also sitting in a demand zone and ideally moves above $92/ 93.
After crazy carnage on earnings, SNOW got out of the downtrend and now in short term uptrend. For long I'd be paying attention to volume, you want to see increase in volume and strong buying pressure to make it to next resistance levels 164, 172 and 182. Beware of earnings on 5/22. Could run until then and earnings are always a gamble.
AAPL - got out of the 170-180 chop. It's sitting right in the gap from mid-February and that can act like a resistance. I'd like it to stay above 100 and 200SMA around 180 and not fall below. Below I'd be out.
AMD - it's down almost 40% from ATH. It's been a slow and stedy selloff since CNBC spoke about NVDA and disregarded AMD. For a short term trade you can trade the breakout of the trendline but beware of the 162 level that is resistance and start of a chop. Later on around 165 you have a ton of overhead supply. This all stands in the way for the stock to really...
SNAP has insane earnings gap. Whoever gambled to the long side, good for them. Stock is most likely going to take a break here and consolidate before making way higher. If it gets below $15 or %13.80, I'd as a long trade I'd be out.
NVDA touched the 50EMA just for a second and rallied off of those levels. Target 890/900.
Gold is breaking out on a weekly, not only from the channel but also from the pennant.
I love SHOP. It's really fun to trade. Right now at the 200 weekly SMA and let's see if we get over.
TSLA is at the 200 daily moving average. Critical spot to enter. Breaking this spot would be catastrophic, just from the perspective of volume gap. This zone has been a pain to overcome for months now.
Never underestimate the power of strong uptrend. 20EMA held like a charm. Remember, in uptrends like these, 10 and 20 EMA is all you get in terms of a retest. What a breakout.
What a run on SMCI, these are my targets. We're almost in the first one. Next stop ATH. I'm holding with the biggest holding muscle.
NVDA finally broke above the $500-$505 channel. And created new ATH today. It might pullback and retest again, but the chart looks very nice. I was adding dips on the last 50EMA for a longer term trade. Cheers.
NYSE:BA is having a tough time but that happened in the past. Key level $229. Next $221 and $213. Everyone wants to short this, so let's pay attention. Maybe going against the crowd if the price action suggests so.
My target on this is still around $4.50 and then $5.90-6. Still good risk to reward. Risk little to make a lot is the key. High flying, very volatile stock. Tight stop loss needed.
It's fair to say that PLTR did a book perfect FAKEOUT to mislead numerous traders, is an understatement. PLTR attempted to breach the $20 mark for the second time this year, only to retreat back into the channel. Currently, it's sitting on a diagonal trendline which, since May 2023, has been recording higher lows. It's also hovering around a major demand level...