Netflix has been consolidating on the daily/weekly timeframe into a massive potential triangle formation that is typically formed before a larger breakout. A buy on a dip within this range makes the most sense for a chance at 11%+ gains in the future for the best-in-class product.
Johnson & Johnson could be starting a new uptrend here after pivoting off the golden pocket. Its recent negative news around its vaccine gave it a perfect opportunity to buy into a position for the future. Earnings is this upcoming week.
Uber could possibly be a buy around these levels as it's currently consolidation into a possible "wave 4." We can take some algo levels that make it a higher probability that it has more continuation towards the upside for a chance at another 30%+ gain in the future.
Snapchat looks to have finished a corrective sequence and could be on another impulsive structure here. I would look to get in on a dip as it's currently at a local resistance. Look for a potential golden ratio buy-in zone in the future with potential all-time highs in play for Snapchat - especially if technology stocks continue to move.
Astrazenica is a vaccine play that is holding its golden pocket low at the .618 ratio. These setups are strong possibility for an uptrend in the future. We're looking at a stop-loss underneath the latest low that gives a strong risk-to-reward scenario for Astrazenica moving forward. As more vaccine's are set to deploy, we think Astrazenica can capitalize.
Workhorse Group has struggled to find a large technical support zone for quite some time. We are at levels that are interesting, however. With the .786 algo target possible a bottoming pocket zone, Workhorse has a chance to bounce from these levels to at least $21 - $22 per share. It really depends on the electric vehicle industry - but we'll see if Workhorse...
FuboTV is coming down to critical levels that make sense for an upcoming buy. I still believe it will go down a bit lower towards my buy-zone box. This will correlate nicely with the white trendline support and the horizontal support displayed over to the left of the chart. Stop - loss should be underneath the .786 algo retracement level.
NetEase is currently at strong technical levels that makes sense for a buy position currently. Looks like a typical bottoming formation that has around a 70%+ probability of going to at least $120 per share in the future.
@StockDweebs
@StockDweebs
@StockDweebs