MTZ has been showing us a seller at $113 for a few months now After numerous attempts to break the level, buyers continue to step up and support the stock We should see a breakout through $113 very soon
Mortgage rates finally breaking support to the downside We should see the 30 year in the 5-6% range in 2025
SPY retest area acting as resistance for now, would not be to surpised if we got a little pull back into next week (540 area) to start to consoldate this 50 point run up
Heathcare is one of the only sectors really breaking out but looking to be shifting to more of a topping pattern like most of its peers
INCY has been basing for a few months under this $66 level Keep an eye out for the exit of the stage 1 base into a stage 2 breakout through $66 to the upside
Utility names are basing out, keep an eye out for a breakout move higher in the short term
NVDA has had quite the run up this year increasing by more then 100% But lately it has flagged out in a HKEX:20 bull flag between FWB:280 and FWB:260 The 3-6 month target is a retest of the ATHs around $350 Will buy aboue FWB:280 with a stop below FWB:260 with the goal of taking profits at the retest of all time highs of $350 over the next 3-6 months
YETI has been basing for a few months now, showing us clear resistance at 40 (sellers) and with buyers stepping up supporting the stock at HKEX:38 , this set up is showing us HKEX:2 risk with a short term target of the retest of the recent pivot high of HKEX:48 would be around a 4-1 risk reward trade.
PODD is setting up for a Blue Sky Breakout through its all time highs with a stop vs HKEX:310 for now
Telecom Basing for eventually breakout to retest All Time Highs in 2024
Enegry Sector Continues to Wedge, Expect Short Term Break Of Support
As the energy sector is heating up, it could be time to start locking in profits or raising stops to protect profits earned from the recent run up Energy more then likely will continue the overall uptrend in the long term as it works it way back towards its 2008 highs however from the recent short term high as the sector has run into a major resistance area over...
This WDC has left its Stage 4 Breakdown Recently has been in a Stage 1 Base For now we are keeping an eye for a move up through $60 in time
ZBRA has been forming a nice earnings flag for the last month near new all time highs, could not ask for more out of a stock One to keep on a radar when its ready to push up through ATHs
ESS among other reits have been recently flagging, looking as if the next leg might be higher, if not at least there are clear levels of support if this could be a short term top
Since WRBY become public it has traded in a tight range given the popularity of the name Recently we have started to see a seller holding $54 that is now starting to show his size on the offer looking to get taken We will be looking to buy through that offer and add through the IPO high with a stop vs the IPO low
WRBY is setting up for a move to take out its IPO Now usually the risk tends to be in the 5-10%+ plus range for most recent issues yet WRBY is giving us a trade set up through that high on tight risk
RHI Earnings Flag setting up for a Blue Sky Breakout up through $105 in time