$ABT W Ascending Triangle Lower highs with a sell wall (supply) at $130
Set alerts on break of the trendline on both the up and lower trendline of this triangle. The event catalyst to watch is NIO day on Dec 18. Think we see a rally before the event.
NKE Hourly| Broke out of cup and handle and close to completing the ER gap. Currently in a flag/pennant right now. I set my alerts above and below the flag. Resistance is the 50D moving average which is close to mental number of $160. If we can break above $160, my fib levels above are $162.88, $167.94, and ATH of $174.38.
Clear downtrend starting from July with RSI trending lower too. Support is around $58 level. I would wait for the breakout of this wedge and set alert at $68 for upside.
WMT 4H | I like the way $WMT is looking. Setting my alerts for a potential breakout in the upcoming weeks. Potential call ideas is $145C 8/20 expiration. Current Price: $140.82 Support: $139.91, $138.20, $136.78 Resistance: $141.02, $142.20, $143.25, $145, $147.85
$TSLA started breaking out of this triangle last week. If we clear $630 and $635.59 - TSLA can fly to $670. 20MA is above the 50MA on the 4H time frame is bullish. We need the market indices to cooperate, in order for this TSLA breakout to continue.
The $SPY is in a very trying area. The last 6-7 times we moved at/below the 50 moving average, we were able to bounce back up to new highs. Bulls needs to reclaim the $419 area. If we can't bounce from this level, would not be surprised if we see $412 and $405-406.
$RBLX to $94 soon if we can break out of this C&H.
Broke out of the Bull Flag! Congrats if you scalped. Definitely a 100% banger on the 0dte $705 and $710C if you got them! OS Algo + $NVDA on fridays is the deadliest combo.
Waiting for the break of this bull flag! There were $710C 6/11 in the flows. Let's see what happen!
$NVDA recently broke above this descending channel. With ER coming in 6 days, I will be watching closely for a continuation higher leading up to ER. Today, we closed closely above the 61.80% fib level of $587. It is critical we hold this level, if not - a minor pullback/support at $569 - $571.90 would be a good retracement. If we move higher, we will climb to...
FB recently broke below an ascending channel. There is not much support till $290 area and below as shown from the Visible Range Indicator.
Apple is in an interesting level here, we tagged the 38.20% level. We are pretty oversold on the RSI. I'm expecting a bounce here but wouldn't be surprised if overall market sentiment overpowers the direction of the trend.
$BLNK 1H | GM announced they have signed agreement with 7 major charging providers including $BLNK. Waiting for a potential breakout above $41. Current Price: $37.92 Support: $35.60, $32.70 Resistance: $40, $41, $43.60, $45.50, $52.41
Don't sleep on $LOTZ; Strange flow for the $10C 5/21. Huge volume bar created last week.
-SNAP 4HR | SNAP looks good to move higher this/next week. Eyeing the $60 4/30 Calls. Planning to swing this so a bit risky. Reason 1: Sympathy play with $FB $TWTR $PINS reporting earnings Reason 2: Inverse head & shoulder on large time frame Resistance: $62.29, $63.64, and $65 level Support: $57.24, $55.75
UBER 1HR | Really liking the symmetrical triangle it's forming. We may need 1 more leg down to $56-55.12 before heading back higher to $60 level. This morning, we saw more flows for UBER $60 4/30 Calls.
Target looks like a Bull Flag Pattern. Target is currently at the $200 level. There is a hard resistance around this $201 level (as you can see, we have failed to move above it previously 3 times in the recent period). If we are able to hold this level and with more volume, the fibs indicate a breakout to $210 is possible. However if we can't hold this level and...