Support Holding on Many Names
SPY Weekly-held 387.50 support/last weeks low. Tightening under this 50 week/200SMA area
IWM Daily-holding the moving averages as it builds under the 190 area.
AEHR-holding the 10 day on the pullback and shooting higher with volume. Looks good for follow through. Huge volume, great relative strength.
FLNC Weekly-testing the 23.30 level last week. Tightening in nicely going into next week. Really like the bigger pattern here.
BE Monthly-seems to be the same sector as FLNC. The way this monthly is setting up I think it deserves close attention. I do see a scenario where it also goes down a lot if we lost that support line but watching it for it to break higher.
LTH Weekly-tight inside week under the 18 level. More rest preferred but 5 day caught up and building a little pattern on the daily.
TMDX Daily-Broke out lower, held the moving averages, and now setting up to follow through on new all-time highs. Mini unfilled gap a sign of strength.
CRDO Weekly-really good looking weekly. Nice daily bull flag going into next week.
PI-Broke out lower and now building a bull flag into the moving averages.
FSLR-back-testing the breakout level and the 20EMA. See if it can push back up next week and take out this bull flag.
ARRY-sloppy trader but bigger picture like the weekly. Holding 20EMA support so far. Can see the selling it has had around the 24 level. Taking that out will be the real key.
SHLS-Filled the gap and broke out of a wedge last week. Pulling back to the moving averages and that breakout. If it can push back up next week first resistance level in the 29 area.
STLD-first real pullback since the wedge breakout. Holding the 20 day. If it can follow through next week the first level is the highs 113-113.71. SCCO FCX in copper space both acting well too.
AEM-pushing out of this little consolidation. A little extended but the miners in general continue to act well.
NFLX-breaking out of a bull flag on massive volume. Looking for follow through on today’s high. Cupped up nicely into the bell Friday.
MELI Weekly-one of the strong big caps. Holding the 5 day and looking like wants to follow through on this big 1090-1100 area.
NVDA Weekly-inverted head and shoulders continuing to look good. Held the weekly higher low and working up to the neckline now.
TSLA-next key level is the 137 area. Earnings next week. Feels like it is at least going to bounce back to the 10 week. Would be a good sign for stocks.
Z Weekly-most of explosive of the off the bottom plays. Little flag on the daily after a tight inside week. Worth reviewing.
ETSY-held the 20EMA and the gap area. Looking for follow through on this flagg-ish/handle pattern.
SQ Weekly-if it can follow through on 76.75 area the next level would be 92
IRDM-first pullback since this strong breakout. Bull flag into next week.
UBER Weekly-interesting weekly (I have said that a few times already). 35 level in particular will be important to take out. If started to build the right side of a bigger base UBER is one of the more sustainable unicorn companies I see.
