BA is now having 5 week tight price action. Heavy volume weighed area here. 196s gap is yet to be filled. Once the gap is filled and does a dead cat, if it turns down again? 182s coming in no time imo
$ROKU Started to look good. After $NFLX ER, ROKU started to have change in dynamics and price action. Holding crucial levels, tried to come out of failed breakdowns and nice RSI is showing nice signs of being high since Nov-Dec 2021. I am long $ROKU as far as 49-50 level holds. $ROKU is still below covid lows but i think this is worth a risk reward here unless...
SHOP showing strength on weekly with huge base forming with yet to breakout opportunity building. Volumes on weekly also shows some strong momentum continuing to the upside. Target 42-45 for now. Based on the broad market, this has opportunity to move even further
AMZN just hit covid lows last week and bounced. RSI and MACD are doing positive divergence while price went negative. Best stop loss would be any close below 81.3
LABU breaking base here. $8 (major level) was just broke last week and is holding as support. As far as $8 holds, this has long way to go
FB currently at pre covid level and slightly lost support. 210 range is 2018-2020 resistance. Strong support as of now. Wait for 210 for any attempt for longs
DOCU with straight 40% down in one day after ER, consolidating. RSI was oversold on that 40% down and RSI did dead cat bounce in this consolidation phase. multiple tries to break the consolidation but no luck. I assume, if it breaks the ascending triangle, another hit to 135 is possible or even lower.
NASDAQ:QQQ Break below is a short on QQQ
NASDAQ:FB QQQ Forming "Three black crows" on daily. With QQQ being bearish , FB topping look makes sense Break below triggers the short.
AAPL NASDAQ:AAPL 144s has support as pointed in the chart. Except small bounce. Apple event on 14th, so bounce is expected anyway. if I have to short it, I will wait till 144s ---> bounce ---> break. That break is what I would take as short opportunity.
NASDAQ:ROKU Daily -> I think is looking for downside. Broke ascending triangle, then consolidated for 5 days and market weakness helped break the 5 day tight support. Weekly -> Broke 50MA on weekly, not looking good.
Broke topping pattern and stayed below all day during trading hours. Expected it drop to ~440. August job report is concerning. Jobs available but jobless number stayed relatively high. September being concerning months for longs, may be a short opportunity here.
$SHOP 8-9 weeks base. Ready to breakout big. E-commerce demand was never this high before. Keep a close watch$SHOP 8-9 weeks base. Ready to breakout big. E-commerce demand was never this high before. Keep a close watch
LONG: TTD that bullish break of channel ER next week.