Ticker: $NIO - Running in rising channel - Currently below midpoint, should we continue lower watch for bounce off of confluent channel support @ 16.44 - If we reclaim channel midpoint, watch for a retest of the highs
Ticker: $PENN - Setting up for range break - Above all time highs watch for a breakout - Keep on eye on 60.00 for psychological level - Above that watch for 61.50, 64.40, 68
Ticker: $TDOC - Beautiful daily close within our channel support - Need to break our downtrend to see higher - Above downtrend we will run to our volume shelf - If we fall back below channel watch for 180
Ticker: $LMT - Huge triangle... ready to break - Lows of Friday held triangle support and point of control well - Watch for a break and hold above 400 or below Friday's low of day - Nearest price targets marked
JPM closing the week above our triangle breakout... however we need 105 to see higher. Above 105 my main price target is 108
My overall analysis of $SPX . Please refer to chart for details
$MGM is running in a textbook cup and handle breakout. Should we hold above 24.00, we could see a first PT of 26/26.50 and above that would be 29/29.50
$ETSY falling out of bearish wedge, coming in to our first price target/support level
RYAAY looking to break out of its rising cup and handle formation. We have a huge gap to fill to the upside, so if we are able to close above the critical level we may see a run up this week.
$TTD has been consolidating over the past few days, trading in a bit of a range just below all time highs. There is also a AVWAP wedge (pink). We are seeing a triangle formation, sitting directly above our point of control. This gives us the opportunity for a potential long or short entry. Should break and hold past 455 (bearish scenario) or 480 (bullish scenario)...
LYFT attempting to break out of its down channel that it has been trading in since June. We need too hold the point of control @ 30.00 in order to successfully breakout. There was positive news this week for LYFT, a potential catalyst. Uber, Lyft rallied on Thursday after California appeals court delays business model change
Trade idea marked on chart. Watch for that critical level of 500 to hold.
$MSFT has been holding its rising channel in a solid uptrend. If we can continue to base near the highs and see a rise in volume, watch for a test of all time highs. If we can break and hold above 418, watch for a move to the upside. On the break, make sure the level can hold and there is confluent volume giving the move conviction
$WH forming a pennant on the daily chart. If we can get a break and hold above 52, we have room up to 57 prior to the gap fill. Entry, target, and stop levels all noted. If you found this helpful please like and follow for more
$AMD we are watching to see if we can take out this triangle resistance. If we can, watch for a move to the point of control. IF we can hold above that watch for first price target.
$V looking to possibly break out of its long lasting range. Should we break out, watch for a gap fill to the marked price target.