1. $United Continental(UAL)$ - Top Performer in the Leading Industry Group $JETS
The ideal entry point is 20/12 (Fri). However, if UAL pullback alongside weakness in the US futures market at the open, it’s worth monitoring for a potential reset. Other notable names in the group include $American Airlines(AAL)$ $Delta Air Lines(DAL)$ $Alaska Air(ALK)$
2. $AppLovin Corporation(APP)$ - Into 2nd Week of Sideways Consolidation Within a Box Range
114B market cap at 7.3% ADR. Now at 3.9 x ATR% from 50-MA sitting on 10 and 20-MA pinch. The recent pullback from high occurred at 16 x ATR% from 50-MA. Incredible outlier, not even $Palantir Technologies Inc.(PLTR)$ attained that level of strength at 100B> cap.
3. $Zoom(ZM)$ - 2nd Flag Formation Underway
In a 30-day RS lookback (thanks to amphtrading for his Industry Group Strength Indicator), ZM ranks 5th in the package software group behind $Palantir Technologies Inc.(PLTR)$ $Roblox Corporation(RBLX)$ $ServiceNow(NOW)$ $Microsoft(MSFT)$. However, its price action consolidation stands out as the longest in duration.
4. $Docusign(DOCU)$ - Price compression following a 10x ATR% pullback from the 50-MA
The price action is now coiling at the 10-MA after an earnings gap pullback. Strong YoY quarterly EPS growth and consistent sales performance. 4.1% ADR, $333mil avg $ vol.
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