But if you're looking to get long i outlined some big levels below (green horizontals). I'd be a buyer around $100, at that price the valuation looks pretty good.
When playing momentum, use indicators that can track momentum. I like BB 20 with Log scale on, also can use 9 weekly EMA. For BB you are looking for expansion to revert. This usually starts to signal that momentum could be ending.
The ASML bounce looks tempting but i'm exprecting another thrust down. I've been buying around the mid-600s and long term this is still a good price to be avg in, but just keep in mind it may not have found bottom. All the other recent bottoms have tested the lower bollinger bands, i think this will play out similar.
very nice looking chart here. The price action looks like it's a bit exhausted so i'm looking for a pullback / consolidation to the green horizonal before going higher. Long term the yellow horizontal is in play ($70). This is a good candidate to DCA in between grn/red horizontals.
EARNINGS TODAY... always risky. But i like GTLB at this spot, on top of the bollinger bands, good support below, i'm playing this with commons with the hope that 70-72 is hit. Above $72 this could go much much higher, that could take more time to play out.
This uber dip looks very attractive to me. I outlined a few big weekly support levels. If uber finished the week above 69.50, that would be a good sign that the trend could start moving up again (correction over). If not, then i like $65 and $59 as key areas of support and good spots to add commons.
Adbe seems to be setting up nicely for earnings. With $505 holding supports and liquidity already being taken from the $530 area adbe could be looking at a post earnings pop to gap fill or at least pop and retest the $530 area before going higher. I see $550 being tested by early 2025. I am playing this with commons as i am not as certain on the time element as a...
Hood has that look! If $37 level holds i think hood sees bullish continuation to the $45 area. I would use caution if the price dips below $37 for multiple days, there is not much in support until the high 20s. Personally i would sell 1/3 of the position if this happens, and i would also sell 1/3rd if we trade up to $44-45.
ZS breaking out, it's held that $150 area like a champ, i expect the upper resistance levels to be tested soon. This could be an explosive move once the $235 level is conquered.
Hood pullback is a gift, low 20s offer a good buying opportunity (first green horizontal already hit), i will buy more if it dips further. I am playing this for move to the high 30s.
SE with a very clean breakout. I'm buying here and adding on any dips. Will reduce position by 1/3rd on rest of upper resistance around $200. This one could have legs!
The GLP1 breakout happened in the 12.60-13 area, all the news that moves HIMS is mostly GLP1 related. It would make sense for this area to be tested. With all that said, i'm still long, and will be very happy if this handle formation breaks to the upside and HIMS begins to take out these red horizontals. IF the green horizontals get tested i will wait for support...
I'm expecting crowdstrike to top out around here. Am i short... no, i've actually been doing a weekly DCA buy for sometime because i believe in this company long term. The green horizontals are layed out as nice spots that i will increase my DCA or make a larger one time buy. I'm not expecting all these to hit.
I think this bounce in CRWD maybe coming to an end as it's pinned against a big monthly level. If the earnings report gaps this then that level will be an important level of support that should be tested. If CRWD fails at this level then it's possible to test $180. Either way, i'd use caution going into earnings.
I was looking at the ES1 (spx futures) and noticed that basically every gap has been filled when looking at Monthly candles. There is one small spot at 1700 that is open (30 points or so). ES1 currently has a very large gap starting at 4600. I believe this will get filled eventually, although it could be years from now... But it is something to be aware of.
The SMH likes to check up on the 50 month moving average every 2.5 years or so. It has gone 20 bars since it's last check, so i would expect a test within the next year to 16 months.
Am i the Hims FURU? Maybe... I like it here at $21.50 and believe it's going much higher, the stock isn't even expensive yet. I know a few people taking their GLP-1 compound with great success and no bad sides. Adding shares at these levels: - 21.50 - 19.30 (Monthly level)