$BABA is currently sitting on a volume shelf. A break below, 243 and we could see 200s. However we seem to be coming out of a major downtrend that started in October. A break through that trendline after higher lows and some consolidation over the past few days and we could see that 275 gap fill and possibly a push to 290 to fill the biggest gap of all.
$PINS sitting in a bit of a bearish divergences when comparing the trend of the chart to the trend of the RSI as well as trend of the volume to the trend of the RSI. Watch for a cross over 25.43. Support is around 24.06 and after that 22.59. Today’s candle may be green, but it looks a bit like a shooting star/inverted hammer
$FB has room to volume with Friday performance along with the rest of last week’s. The name is getting weaker and weaker as it continues to make no changes to its platform to support a movement. Turn advertisers away from the platform to something like $TTD, $ROKU and others.
$AMZN weekly showcases a shooting star which is comprised of this past weeks daily piercing line and bearish engulfing patterns. A break at this daily trend line, leads to a pivot point challenge and potentially lower lows.
ROKU is challenging some major resistance at 132.19. Once that’s cleared, 139/140 is tested before $150. A daily hold over the first major resistance line is bullish. Calls should be in the 140-150 range.
Either one of these possibilities. My guess is up in a major way. This type of consolidation while moving slight upward. This thing looks ready to move.
We should really get a good sense of where the market is going by tomorrow or next Monday. Breakout above blue is bullish. Breakout below yellow is bearish.
Bearish divergence spotted starting from May 20th. RSI and Volume are decreasing although price is increasing (bearish divergence). Fall through trend line and 325 leads to 295 support
$ROKU is bouncing off a longer term trend line as well as the 50% fib retracement from Feb 14 2020. Break below leads to fill the gap at 97.32 and possible 86.84. Bounce above with higher lows leads to 117.91 and 78.6% fib.
NFLX is falling into a daily triangle (small and large). Biggest range showcases a head and shoulders. A close below 423.72 is bearish unless we get a higher close on Monday. Eventually a bearish case take us down to the 61.8% fib, lowest triangle TL, or 393.83. Close above upper TL puts back to test 100% fib from March retracement or 458.97. Anything past that...
ROKU has been moving down over the past 3 trading days and seems to have set up a base at the lowest fibonacci retracement level. Over the next couple trading days we could see a move back up to 86 but we may see some turbulence at these blue line marks.
Ethereum looks like it may test the 23.6 fib retracement before taking off higher. Very short term trade opportunity coming up within the next few hours. If it breaks below we’ll see a new low with the continued downward trend.
