Technical Analysis: GME, UBER, SE, CELH, XLE, GLD, NFLX& COIN

Jake_Wujastyk
05-06

Hello everyone! Today i want to share some technical analysis with you!

1.

$Coinbase Global, Inc.(COIN)$ An S/R flip playing out over the last 3 weeks.

The weekly candle closed as a hammer at this zone this week as well.

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2.

$Netflix(NFLX)$ Volume shelf setup on the weekly candle chart.

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3.

$SPDR Gold Shares(GLD)$ Bull flag forming as price bounced off the March breakout VWAP this week.

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4.

$Energy Select Sector SPDR Fund(XLE)$ A continued pullback here would be met with potential support at the January pivot VWAP currently at $89.37.

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5.

$Celsius Holdings, Inc.(CELH)$ A nice bounce off the S/R flip zone over the last two weeks.

The March pivot VWAP is at $81.62 above.

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6.

$Sea Ltd(SE)$ A strong move up off the volume shelf over the last two weeks.

The November '21 pivot VWAP is the main level to watch above currently at $82.93.

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7.

$Uber(UBER)$ is setting up for a potentially quick/aggressive upside move through the volume gap as price held above the volume shelf at the end of last week.

After a two-month move down from the March 4th pivot high, the MACD is finally showing signs of a meaningful upside reversal.

The MACD line is nearing an upside cross through the signal line as both of these lines are below the zero line (generally a higher probability for a meaningful reversal).

Upside target: Breakeven supply zone ranging from $74 up to $75.60

Invalidation: A daily close below the bottom of the volume shelf at $68.20.

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8.

$GameStop(GME)$ The monthly candle setup continues to trade within this falling wedge as the MACD nears an upside cross.

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Comments

  • twizzy
    05-06
    twizzy
    Great analysis, thank you for sharing! 🙏🏻👍🏻
  • jinxie
    05-06
    jinxie
    Great analysis!
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