Decam9

Decam9 Updated 

ROKU has not performed well over the last few weeks. It has been under heavy selling pressure since its last earnings report. I am considering a long position for 2 reasons. First I believe that the stock has sold off to an area of consolidation that may interest some buyers. It is a zone between 218 and 228 (rather large range). Secondly, and more importantly,...

Decam9 Updated 

TWLO is trading in a downtrending channel. After breaking out of this channel, it gaps down. It finds support and begins to consolidate into a bear pennant formation. The pennant broke sending shares lower. We got a nice reversal candle today. This will likely lead to a retest of the consolidation. A short around $300 down to $260 seems possible if trend continues...

Decam9 Updated 

SQ has started to downtrend and recently gave up a crucial level of support at 226. After breaking support, stop losses were triggered and shorts piled on creating a nice sell off to the low 200s. Since then we have seen a doji followed by a continuation candle (at the time of writing). I expect sq to retest the 226 level and to continue moving lower to the pink...

Decam9 Updated 

Affirm starting a pattern of lower lows and lower highs. Was able to draw a nice downtrending channel on it. Short the resistance. Target is about 110.

Decam9

The fact that we did not close above Oct 15 high indicates that there is still some selling going on. The bottom of the right shoulder just so happens to fall at the gap fill down to 268. Watching to see how tomorrow plays out.

Decam9

Bounce off upper trendline suggests we could retest 286.50s before moving higher.

Decam9

Blackberrys current earnings report sent it free falling based on lowered guidance. It currently broke through the $10 support level and the next support level is around $8.50 or so. The RSI is in oversold territory and going back to 2014 on the daily, the RSI tends to bounce at 20 flat. I believe 8.50 would be a great buying opportunity.

Decam9

SQ has been on a nice uptrend but the resistance line looks strong. Ideally it will get rejected at around $65 or $66.

Decam9 Updated 

SPY in an upward channel on the 15min chart. Break down would have support at 268. Resistance along the upper trendline.