To The Moon

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Second for the week! Let’s review a few more names:

Alphabet Inc Class C (NASDAQ: GOOG)

GOOG is currently trading over its 1.618 Fib at 286.10 following a breakout above its multi-year ascending channel pattern. Some weekly bearish divergence is forming which could result in a retracement back into the 292-297 monthly imbalance.

Dips are likely to be accumulated unless GOOG breaks back below its 286.10 Fib level, which could see a deeper retracement into the 236.69 quarterly imbalance.

If GOOG holds 286.10, then it could see continuation into the 2.618 Fib at 411.35 next.

Amazon.com, Inc. (NASDAQ: AMZN)

AMZN formed new ATHs several months ago.

The weekly stochastic formed a bullish crossover last week, suggesting AMZN is preparing for the next leg higher. A break above the initial ATH at 242.52 for AMZN could result in continuation into the 1.618 Fib at 304.17.

If AMZN rejects below 242.52 once more, it could possibly retrace into the 215-218 monthly level.

Note that if AMZN breaks down below its support channel, expect a deeper pullback into long-term trend support.

Super Micro Computer, Inc. (NASDAQ: SMCI)

SMCI is consolidating in a descending triangle pattern. The key half-yearly support sits at 27.02-27.59 while the Fib level sits at 29.65.

Below these levels, SMCI could range back into the 22.83 quarterly level.

Note that SMCI needs to break out of the resistance trendline for a fill of the 47.36 monthly imbalance.

@TigerWire @TigerStars @TigerEvents @CaptainTiger @MillionaireTiger

$Alphabet(GOOG)$ $Amazon.com(AMZN)$ $SUPER MICRO COMPUTER INC(SMCI)$ $Apple(AAPL)$ $NVIDIA(NVDA)$