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.
2.
$Netflix(NFLX)$ Volume shelf setup on the weekly candle chart.
3.
$SPDR Gold Shares(GLD)$ Bull flag forming as price bounced off the March breakout VWAP this week.
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.
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.
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.
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.
8.
$GameStop(GME)$ The monthly candle setup continues to trade within this falling wedge as the MACD nears an upside cross.
Comments