1 more possible high to 4594 but according to the LR channel the top is in! Let the pullback commence. First target 4449 in the coming weeks. The next target is 4408 and 4338 I expect to hit by September/October. Final target is 4295. If it gets there I will be loading up on longs. The ghost candles show what I am looking for.
BABA weekly and hourly charts
Ugly wick so far on the weekly rejecting the 21EMA, Nice looking flag forming on the hourly chart. I like this short set up here. Looking to take this green to red tomorrow. Would love a retest of the 21ema on the hourly or that 87 area to get a short entry. Aiming for day 2 continuation down. Targets are 83.5 and 81.
NFLX daily and hourly
Top watch going into the week. Daily 9/21EMAs crossed and we broke out of this trendline with an explosive move outside the upper Bollinger band. Ideally, I would like a pullback to the trendline or breakout zone between 332.5-334.5. I've also got my eye on 336.5 level on the hourly chart for a possible intraday setup, but I'd rather bounce...
META daily and hourly
Holding the 9EMA pretty well on the daily and consolidating in a tight range. watching this little pattern on the hourly ping pong back and forth. I have eyes on 236-237 as a resistance and 230 zone as support. Watching for which side breaks first, until then can trade the range in between.
TSLA Daily and hourly
Remounting the 9/21EMAs but struggling to get over that 173.5 spot, watching for another rejection and weakness in that area as the sellers have stepped in at that zone the past 2 sessions. However if we crack through will watch for a gap fill up to the 178 area. Still looking for a dip and hold at 164.87. That spot would certainly earn my...
NFLX daily and hourly
Top watch for me tomorrow. Daily 9/21EMAs crossing, wick down to support, and closing outside of the downward trendline. Leaning long on this. Watching how Disney moves to earnings tomorrow might affect the way NFLX moves. Looking for 334-334.5 zone to hold as support and launch this thing. Under 330 I think we revisit the daily EMAS 327-328 area.
BABA daily and hourly charts
Got my eye on this 79.5-80 support zone. In March we had a decent bounce up to 105 area off of this level. Today we tapped that 80 zone again for a small bounce. I'd like a retest of this area to open up a swing position long with a tight stop under 79. Looking for a remount and close over the daily 9EMA at 83.61 to confirm some...
Levels I am watching to trade options with tomorrow. NFLX daily and hourly charts.
Top watch for me tomorrow, I'm leaning long for day 2 continuation breaking out of this pattern on the daily. Watching this bull flag set up on the hourly chart for a nice move. We have room to push 334.5 and 338. Also watching 328 and 324.5 support zones for a bounce if the flag...
NFLX
Ready to trade this either way. Watching this sweet looking bear flag. Or a breakout of the pattern on the daily remounting the 9EMA and testing the 21EMA like we saw with TSLA on Friday.
APPL daily and hourly charts
Strong move to the upside with earnings beat and thrust through resistance in Friday's session. I think a lot of shorts are trapped here with a false break down of the ascending wedge pattern, into a gap and go move. Watching for a hold of 172.82 to 173.64 to push higher and continue the squeeze. If we break this level, I'd like a...
MSFT daily and hourly levels I am watching to trade options with.
Nice flag/flat top break of that 307.8 during Friday's session. Pushed all the way up to 312 where is found some resistance. I am looking for a pullback to 307.85-308.56 zone to turn previous resistance into support and bounce higher. If we break under, we can test lows of this range around 304-305
NVDA Levels I am watching to trade options off of.
Looking for weakness and rejection up at this 287-290 zone. High ATR on this stock, 283 area is the 9EMA on the hourly and a small support zone watching for a hold and bounce in this area for a move higher. However, if we break through it, I will be watching the 280 level as it is now a major support level on the...
TSLA daily
Impressive move remounting the 9ema and closing just beneath the 21ema on the daily after rejecting the 9ema the prior 3 sessions. I'm looking for a break and hold of 170 to start chipping away at the gap above. If we reject 170 I have 165-166 as a support zone magnet area to test, bear flag on the daily is still intact if we close below 170.
I like this one for red to green tomorrow. I was expecting a bounce on it today to retest the broken trendline, but I was dead wrong another sharp sell off. Selling pressure is very strong on this one and we are really extended outside of the lower Bollinger Bands, in oversold conditions. Can't see us going much lower than 51.78which is my final support zone to...
Keeping an eye on this, could be flagging out to the EMAS for a move higher but earnings are coming out on May 4th. I'm watching for a crack of this trendline for profit taking and bulls taking off risk into earnings. Looking for a move similar to what we saw in MSFT today closing below the daily EMAs and basing around the pivot spot. First target is the 21EMA on...
A couple levels I'm watching for this week. Looking bearish on the daily rejecting off the
21EMA with a long wick after earnings miss and the EMAS are about to cross. However, on the weekly chart we have a hammer candle with a nice wick down to the 21EMA and bounce back up to the 9EMA. Will be looking to play this either way. 319 is a big support zone to watch, a...
With solar running hot I've got me eye on this Global Clean energy ETF with big holdings in ENPH (8.9%) SEDG (8.2%) and FSLR (8.2%) Clean looking wedge pattern here on the daily. Not a lot of ATR on this one but could set up for a nice swing. Watching for a breakout of that 20 spot if solar continue to run.
AMD daily chart
Some levels I am watching this week. 3 bounces off the 88.2 support spot last week. Watching for a hold of 88.2 support and retest of 90.4 area. If broken, we have room down to test the bottom trendline around 86.6 level.
