NASDAQ:IREN - the perfect chart doesn't exist, or does it? After the substantial sell off from the July high, IREN has now retraced 50%. There is a beautiful trend line from the start of the rally to around the current level. From the start of the rally in November of 2023 to the July 2024 high, a Fib Retracement has been drawn. Interestingly enough the .618...
NYSE:DIS price is currently sitting at the 1 standard deviation of the anchored VWAP from November low to April high. Also, looking at the anchored volume profile, the POC is basically the current close price. I would like to see a pump next week into $92ish area with strong volume. Closed above both the 9 and 21 EMAs. RSI is curling up. I would look to exit...
NASDAQ:DKNG chart looks like it is getting ready to rocket. Closed the daily on a bullish hammer after being in the red almost all day. Closed above the 21EMA, $0.10 away from the 9EMA, and looking to tag the 50EMA next week. Anchored VWAP shows we bounced nicely off the 1 standard deviation. Sell target would be when we hit the 2 standard deviation which this...
NYSE:DVN looks like a good long position into earnings. Has taken a significant beating over the past few months. Bounced off a strong level of support in low $40s. Rotation into energy, geo political risks, etc. Looks like a cup and handle could form. MACD is tilting up, and could cross. RSI has already crossed.
NASDAQ:RIVN - this looks like the perfect long going into earnings. Looking at the chart, Rivian tends to rip with very volatile moves up (and down). Looks to have bottomed based on the chart. Significant volume on 2/8 with a bullish engulfing candle. MACD cross confirmed as well. The last two times the chart appeared to bottom with MACD crosses we have seen...
Looking at the chart dating back 5 years for NYSE:JNJ , there is a decent entry point around $150. Looking for a slight drop in current price to enter. Entry point will follow along the 5 year trend line with a support level as well.
Bullish hammer on the monthly close. Selling has dried up and risk-reward at these levels is looking good. Look for the grind upwards as the mouse bounces back. Projection based on prior patterns where selling has dried up.
NASDAQ:ABCL could blow through the light volume gap and return back to the high 6s, low 7s. With AI hype coming back, this might a good time to add to or start a position.
Will history repeat itself from the May 9th massacre? NASDAQ:PYPL proceeded to bottom out 13 days later and rip higher in the next 70 days. A bullish engulfing candle was seen on August 18th, which will hopefully be the beginning of a similar gain in the coming months.
NASDAQ:ASTS after bottoming out post earnings call, a triple bottom has formed as seen within the chart. Currently hovering around support levels. A similar chart pattern has formed twice in the past, will the third time be a charm? With potential funding on the horizon, there could be a catalyst to push NASDAQ:ASTS over the hill.
NYSE:HIMS - the recent double beat and guidance raise has not helped out this stock. There is a gap fill dating back to November of 2022 with hardly any strong support zones in sight. The death cross which just occurred should add further downward pressure to this already beaten up stock. I will turn long on NYSE:HIMS once the first level of support is reached...
NASDAQ:PENN - looks like a triple bottom formation. Have we finally bottomed out? RSI appears to have diverged from price. Will price follow in the coming weeks? NYSE:DIS deal with ESPN and the upcoming football/basketball seasons should give a boost to this stock.
In the coming weeks it looks like a Head and Shoulders will form. Looking to exit around $1.98 if this holds true and then re-enter along the $1.30s where strong support appears.
