Here is a video going over some charts using basic TA skills stocks: rblx, cat, lmt, xlu expectopatronum!
In this video I cover the S&P 500 using basic TA and price action!
LMND Daily TF Analysis After a steep correction to 58 from ATH in January at 180s... Lmnd is looking primed for a downtrend breakout. The AI driven Insurance company has grown from homeowners & renters insurance to pet insurance and now planning to get into the auto mobile insurance which gives a good outlook for growth in the coming years. The stock price...
Inv H&S in 75-88 range... 88 breakout level 90->92.60 break-> retest ATH
Etsy.... strong surge off support line from 160-170 ranges with a strong 30+ point breakout from June lows. Retraced perfectly to .618 (180) and bounce on the retest of downtrend break. 200 -> 208 -> 220 -> new highs.... If u missed the reversal on first post here it is again.
RBLX 4HR Chart --------------------- TA Nice bounce off 74-75 level with a nice retrace to the .618 of may lows & june highs (63.97-103.92). Filled the gap at 76.33 w/ a nice symmetrical triangle setup. Strong movement started today for breakout to the upside for a confirmed reversal. 76-78 dip I'd look to go long, targeting 100+. Key Levels Support: 74.60,...
SBUX 2HR TF ----------------- ANALYSIS Coffee is in high demand, but SBUX is facing inventory shortages (cups, syrups, oat milk) as it continues to reopen locations world-wide. SBUX is already making amends as the company is resuming it's reusable cup program and dropping its summer 2021 drink line up.... This past week SBUX showed some strength to reverse...
DIS 4HR TF Dip Buy: 170-175 Breakout: 181 Target: 190 by end of July, 200+ eoy
ORCL Daily TF Previous post er moves highlighted in the chart, nice gap fill at 81, currently sitting at the bottom of the channel with lots of upside to run. Targets: 85, 91, 100
CHWY Daily TF Broke the downtrend and forming nice channel up. Trading above the 20/50 day ema. Ideally would like to see a a dip to 75-76 retesting bottom channel line for a dip entry but break of 81 looking at 86. Targets: 81,86, 93
RBLX Daily TF Roblox on discount, as price continues to drop due to a decline in active users. After a massive rally to ATH its only right we see a pullback before the rocket takes off again. Has a bit more room for a golden retracement to .618 level (76.96). Wouldn't jump the gun on calls just yet unless downtrend is broken which signals reversal or we get a...
DKNG 4HR TF Analysis After a 15% correction within a two day span from Hindenburgs claims on black market dealings/ illegal gambling, Buyers took advantage of that dip as it rallied 11% intraday and is currently consolidating for more upside. Retraced nicely to the .618 of May lows and Junes current highs and potentially forming a nice channel with lots of...
BBY trading in a box trying to reclaim 20 day ema, needs to hold above 114 to retest top price range (120-121) with a gap to fill at 125.60
UWMC 2HR TF ------------------- Analysis Parabolic move approaching. uwmc is one of top trending names in wsb chat and unusual activity in call flow has been coming in hot past 2 weeks. UWMC over 11 is the breakout level. Targets: 11.73, 12.38, 15
ABNB 2HR TF ----------------- Analysis Wave 3 of 3 in motion, failed pennant breakout last week but bounced nicely off bottom channel trendline with lots of room to the upside to run. *Levels and in depth analysis on previous post*
ETSY Daily TF ------------------ Analysis Etsy holding a strong support trendline with a gap to fill at 181.61. Convertible offering yesterday caused the stock to drop nearly 4% after hours. However, $ETSY was quickly bought up today and closed strong above yesterdays (6/8/2020) close. Getting close to crossing the 20d ema and looking primed to retest that...
ABNB Daily TF ----------------- Analysis Strong name and after 2021 Q1 earnings, reporting revenue has already recovered to pre pandemic levels... $ABNB is showing strength for stockholders and more growth to come with International travel still on the verge of recovering. Possibly see an increase in $ABNB bookings with travel activity increasing as summer...
ASO Daily TF ---------------------- With ER on Tuesday $ASO could see some nice movement, holding strong above the 20 ema and a nice bull flag setup to break ATH. Previous ER moves highlighted 14 days after report. Target: 142+ Key levels Resistance: 37.75 Support: 36, 35.26, 33