NYSE:DHI possible head and shoulder pattern forming. Watch $140 area for confirmation. Invalidates if the price travel above $157.
NYSE:CCL is trading above 50DMA and 200DMA. A breakout from the wedge inside the ascending triangle could see the stock revisiting $19 area. Targets: $17 $19 Overhead resistance: $17 to $17.50 Risk: $14.50
NASDAQ:RKLB Rocket Lab hits a major resistance area which is a combination of the descending wedge trendline, 200DMA and VWAP. RSI has cooled so hopefully we can pick up some momentum again. It needs a catalyst to breakout of that descending wedge. With close to 20% short interest, we should get a good squeeze.
NYSE:SNOW Looking good! There is overhead resistance which is convergence of vwap and 200 DMA around $169 to $171 area. 👀 If it can overcome that area, it can run to $180 to $183 area.
NASDAQ:SOFI The combination of trendline and POC volume resistance was too strong to overcome. We can't afford another rejection from this trendline. Need a breakout. If it happens, the measured move is $9. 🙏🚀 We know CPI tomorrow will be bad. Normally the stock reacts badly to bad CPI.
I still think Boeing needs to check back on that trendline around $148. I am not a buyer here. There are so many more shoes to drop with Boeing.
NYSE:CCL Bounced from the trendline. Still hanging onto that triangle. Need to get above $15.50 which is 200DMA + 50DMA to start an uptrend. 👀
NYSE:BABA Alibaba is trading above 200DMA and broke out of the year long descending wedge with the measured move of $104. It is about to hit the next volume resistance area around $83 area. With RSI entering overbought territory does it still have a momentum to keep going? That depends on May 14 ER.
NYSE:NET Cloudflare is retesting the base breakout trendline. It could provide good support and a bounce. 👀 If this support fails, $66-$67 area is next.
NASDAQ:RKLB Looks promising for a breakout. Needs follow through. But it is a good start. Expecting $4.93 to $5.00. FOMC meeting this week. This stock has adverse reaction to rate shocks and fed policy. So keep that in mind.
NYSE:PINS hit $31 area that I was expecting and the stock did a huge red to green move. April 25 ER will decide a breakout or a breakdown. I am leaning bullish. Targets: $36 $40 Risk: $25
AMEX:KWEB A convincing descending wedge breakout on KWEB. This will lift NYSE:BABA NASDAQ:JD NASDAQ:PDD $BIDU. Targets: $32 $36 Risk: $24
NYSE:SNOW Snowflake is back above the trendline and trading around the Point of Control resistance area. Oscillators are showing bullish divergence. See Mar 27 post for price targets.
TVC:HSI $17,000 has been a big resistance. It is on the verge of breaking out. Once it move above 200 DMA, it could head to 18,500. NYSE:BABA AMEX:KWEB 👀
NASDAQ:ADBE Adobe is getting close to $456 stated in March 15 post. Why do I think $456 could provide strong support? It's because it is the convergence area of two VWAPs and the 50% golden fib retracement zone. Can it overshoot and fill the gap around $440? Possible.
NASDAQ:RKLB Rocket Lab is showing signs of a turn. MACD is about to do a bullish cross. RSI is turning up. If it can break out of the descending wedge, it could run to the $4.93 to $5.00 area. With high short interest, a positive catalyst could cause a big rally. Share shorted -55 millions Short Interest - 19.06% Days to cover - 7 days Keep in mind though...
NASDAQ:META is losing momentum. Oscillators are currently trending down. The company better bring a blowout quarter on April 24th ER or it risks filling the gap and checking back to that multi-year trendline. 👀
NASDAQ:TSLA Tesla is about to check back on the trendline that started since 2020. If that trendline breaks, $105 is possible. $138 could provide a good support. 👀