Charts| Stocks performance - UAL, APP, ZM & DOCU

jfsrevg
2024-12-27

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 $American Airlines(AAL)$ $Delta Air Lines(DAL)$ $Alaska Air(ALK)$

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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.

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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.

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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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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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  • KSR
    2024-12-27
    KSR
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