Sorry everyone, been pretty busy. Hoping to free up a little bit here soon.

2-16 TA Thread:

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IWM - 12h - similar to SPY, but I'd avoid for now. May take a small position off of support but small caps are pretty overextended.

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smart

I took a small position off the bottom end of the channel. Lets see if it holds

Don't have a ton of charts, but a few setups I like / were interesting

SPY - 8h - was hitting resistance over the last few sessions near the upper bound of the channel. May find support on the smaller parallel mid trend line, but if not look for support around 382

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BA - 8h - back on the bull train for BA. Ideally above 220 and I'm more comfortably bullish, but I got a small position above 215.

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BABA - 8h - hitting resistance around 272.5. Above 280 and I think there are some daily gaps that need to be filled. I'll have to monitor.

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NIO - 8h - hasn't moved a ton since the new year. But it is coming back into the major trend line. If it breaks down I'd look for a bounce at 50. If it holds, it needs to break through the 65 resistance.

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NVDA - 8h - this one hurts. I had been tracking this sideways consolidation and was looking for a break and move above 546. Sure enough, it happened last week and NVDA took off on a rocket ride.

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Additional Posts in Technical Analysis & Charting

QS Filled the last daily gap - may be a good entry technically.

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Hey - any updated TA on CRM?

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2-1 TA Midday update (SPY, CRM, AAPL)

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Potential interesting small bet that this Russian payment company's regulatory problems are solved by May. 86% of the calls traded at the ask today - 2000 contracts traded in the May $15 (Fool article says they'll be updating no sooner than after Q1).

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Can you do the technicals for GME? Haha jk

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Sta - how is the DKNG chart? It’s been stuck in this level for a month(with many dips below $50) but can’t sustain a break and hold over $55 with heavy resistant in this area. Since it keeps rising to this level does that mean it’s going to breakout eventually or is it bearish now? Thank you!

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Thoughts on FUBO technicals? MACD may be signaling a bullish trend

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Here is a potential interesting set up: Adobe weekly chart, forming what could be a bullish reversal off of the support trendline going back to last February. I may get longer dated calls or go for a spread.

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