Stock has been hot since Bitcoin broke through 20k. Had a break down this week when bit pulled back over the weekend. It's back in its channel and the volume is half of what it was moving last week (Bad sign). Redlines are targets if its heading back down . I put an upside target incase bitcoin jumps 2k in which this stock would rally on the news
All ecommerce is up today. Greenlines are the targets
Bidu really needed that pullback Monday as t was over bought on both MFI and RSI. Future targets are green lines which were some heavy resistance for this company back in 2018-2019. This is a daily channel
Had a nice 2 day run last week then came citron endorsement. As you can see it got rejected on the channel breakout today. it might go for another try tomorrow , I have its resistance highlighted (Redline) around 35$ then back to channel bottom (greenline) 22$
Sold 100k vehicles last year + A double bottom push this stock up over 30% today before pulling back to 25%. It's now showing a pennant with breakout at 29$. if it can't break through then I think it will form a symmetrical triangle which can go either way. Volume was the most this company has ever seen I placed levels for either possible direction. Green...
3 days late to this break out but I think its has some more juice especially if it can break pass 168 . Next target is 182 (Greenline)
Open up today at 93$ on top of the weekly channel(Whitelines) even with the market down big. Next target is 100$ (Greenline) pass that it should get fun with the double bottom.
As you can see since Sept it's been a battle.. Faked breakout a couple of times. Could go either way and that's I have my targets for long (Green line) or short (Redline)
Weekly channel of Penn which was a bearish rising wedge has flipped with good news on sports gambling. 103$ is channel breakout .. 115 greenline is next Fib target
White lines - daily channel yellow line - Support Greenline 1234 - Resistance/ Channel entry greenline 1278 - target ath/ Tweezer tops In my opinion might need a strong up day on the Nasdaq to reenter or maybe some stimulus news which ecommerce stocks benefit from
Broke its resistance (Redline) which also is channel divider. next targets are Fibonacci line 51.92 (Greenline) then all time high 56$ (Greenline). after that channel top
DXCM just had earnings and investors aren't convinced.. 200ma is 375.42(Gold dots). If it stays below that through PRE market this could get ugly.. targets are redlines
Yellow lines - weekly channel Red lines - Daily channel Green line - Target Crispr has been on a tear for the last 90 days with new medical break throughs. Currently in a uptrend pattern, but hit the top of its channel and got rejected.. looking for a pullback to our target area ( greenline) , then continuation on uptrend
White lines : is weekly channel dating back to March Red lines : Uptrend channel Yellows line: downtrend Volume isn't much to write home about but Etsy might be in play with the news of new stimulus; Ecommerce stocks seem to love it. Fell off after a nice xmas run but broke downtrend (Yellowline) and found support on top of it weekly channel(Whiteline)....
If bitcoins keeps going this maybe be a great Sympathy play Pypl did a double bottom Friday and came close to breaking out of the 43$ resistance. Purple lines are the new uptrend channel. If it can bust thru 44$ and hold next targets are Fibonacci (Greenlines)
Redline (split Channel) White lines ( Weekly channel) yellow line (Down trend breakout) Green lines - 1670 is support/1724 is breakout conformation/1874 first target Meli jumped huge Friday on news of its debt offering..
Channel play on BIDU news of EV production.. 219 (Green line ) is strong resistance, after that things get really interesting. 228 and 235 are weekly resistance to keep in mind.
Don't have much to work with since this IPO just listed. I caught the initial rally let's see if there's a round 2. Yellow line was the downtrend that was broken. Green line is double bottom conformation. Fib targets are 1.139 2.148 3.156 OBV is on the verge of a bullish crossover