Friday 4 February 2022
$BILL following through in the early trade with strong RS from its earnings gap back up towards the 200 day MA and 50 day MA. The size of the swing from the low marks this as a potential change of behaviour imo, and so could be the start of a new basing process (Phase A) for BILL
$CORZ from the watchlist showing some strong RS today along with other blockchain related stocks MARA, COIN, RIOT, SI etc.
$CORZ daily chart approaching the 200 day MA resistance range and key $10 which is the VPOC level
$DDOG with a one month inverse head and shoulders pattern with a shakeout / spring and test at the 200 day MA. Range of around 28%, so swing target would project back towards near the highs if it clears the near term pivot on strong relative volume.
$U another beaten down growth stock that reported earnings yesterday and had a significant bar in the opening 30 mins on heavy volume. Currently on the intraday 2 hour timeframe it's moving into Phase B of a developing Stage 1 range. Pivot at the top of the range is at 110.41
$AIRS one of the recent IPOs that I'm watching coming in towards the middle of the range within Phase B of the developing Stage 1 base structure on light volume. So watching to see if this can shakeout into a spring or tighten up in the upper range of the base structure.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.