Hi everyone, today I’ll look at one of the pandemic darlings: Zoom Video Communications, Inc. (NASDAQ: ZM) A look at the weekly chart shows that ZM is trading in a potential falling wedge reversal pattern, having declined from the pandemic highs of $500+. 2 weeks ago, the stock broke out of this pattern, and has spent the past week consolidating above this wedge, with substantial volume coming in above the breakout as it backtested the upper resistance trendline from above (resistance-to-support flip). More importantly, I note that bullish divergence that has been forming, which suggests that a reversal has been brewing for several months. I have nothing much to add for this setup. Even though the effects of the pandemic have largely subsided, there is still a place for ZM in the teleconfe

Hi everyone! I did some thorough charting for Apple (AAPL) the past few days, and I’m now ready to share my TA with you guys. Apple is a company that is virtually known by everybody, regardless of how old you are. Bears have been trying to short Apple as it is one of the last “giants” that is still holding strong. That being said, I think shorting it several months out is going to pay off in due course. Firstly, let’s take a look at AAPL’s daily chart: On the daily chart, you can see that the stock is trading in a wide descending channel (upper descending trendline, lower descending trendline). If you look closely, you can also see that the stock is trading in a secondary falling wedge pattern (the white diagonal line in the middle and the lower descending trendline). The slope of the R

Hi everyone! Today we’ll look at a stock that I’ve covered previously: Wayfair Inc. (NYSE: W) *This thesis differs from my previous newsletters on W. Consider this my most updated outlook on W for the coming months. The weekly chart of W shows a consolidation symmetrical triangle pattern with lower highs and higher lows. This is more pronounced and less speculative than the inverse head and shoulder pattern that I had looked at a few weeks ago. A small hidden bullish divergence is forming, which is indicative of an impulsive move higher. RSI is largely following the pattern as well with lower highs and higher lows. Note that volume is decreasing but buyers are steadily accumulating on the way down. On the daily chart, the hidden bullish divergence is a lot more pronounced. Notice the lopsi

Hi everyone! I’ll be looking at another semiconductor stock: Taiwan Semiconductor Manufacturing Company Ltd. (NYSE: TSM) TSM is forming higher highs and higher lows. It recently made new ATHs above 145 but has since come back below this level. I have identified 141.99 as a key pivot to reclaim for the next leg to occur. This was where prior ATHs rejected, and also a recent rejection zone (rejected even during Friday’s session). However, hidden bullish divergence has started to form on the weekly, which is a good sign for bulls. It is also trading in an ascending broadening wedge expansion pattern, similar to other semiconductor stocks such as AMD and MRVL. On the daily chart, the expansion pattern is more visible. I note that it is forming a hidden bullish divergence on the daily as well.