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Hey - any updated TA on CRM?
3/10 brief TA:
I'll post some quick TA from today (11/7)
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Bowl Leader
UWMC - 4h - even despite the spike due to the short squeeze on RKT, UWMC still traded very technically peaking right at the 12.5 resistance level I had on my chart. Then, it fell back below the downward trendline by the end of the day, and is sitting right below the $10 price level my guess is it fades away back to the $8 area.
Bowl Leader
FSLY - 4h - Another one I got in too early one. 72.5 was holding as support and forming a base. I entered a few spreads that were up nicely yesterday but got whacked today. 70 is some local support, but below that 64 would be the next support. If this bleeds below 70 I would consider exiting my spreads for a loss or rolling depending how the market is looking.
Bowl Leader
I'll see if I can post some more if I have time.
Bowl Leader - UWMC has been rocketing one news. Would love to get you perspective on areas of resistance + your personal opinion.
Thank you!
Bowl Leader
I've sprinkled a few of the charts throughout, just wanted to aggregate here
Bowl Leader
https://joinfishbowl.com/comment_zhn7pghfzh
SPY Chart. See OG Post in Link for commentary.
Bowl Leader
https://joinfishbowl.com/comment_4grkcvvbsr
QQQ Chart.
Bowl Leader
CRM - not looking too hot. I got into the 240/250 spread, as I said possibly a bit early. 215 was looking to be holding as support but the tech weakness dragged it lower into EOD. There is some local support around 213 but 210 is a larger support that runs back to August of last year. Below 210 and I'd have to cut my losses and wait for more bullish trending.
Bowl Leader
DKNG - 4h - posted in the daily thread, support at 67 and rode it up to 70 where I exited. Got pulled down at the EOD with the market, but overall still bullish here. A retest of any of these support levels has been a good entry, as you can see at the retest around 62.5 and before that at 60, and before that around 55.
Bowl Leader
Tesla - 4h - broke the 655 support and retested AH. May lead to a bearish resumption.
Bowl Leader
QQQ - completed the bearish trend to the bottom of the channel.