ClearValue Team Insights
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HOLO Breaking Down to New All Time Lows
HOLO has lost support at $0.28, and is currently breaking down to new all time lows. There is a Sept. 27 shareholder meeting that is likely to approve the 1:20 reverse stock split. I think this reverse stock split could take place in early October, and my approach is to patiently wait for a discounted […]Read More
NVDA Approaching Resistance at $122.20
NVDA has experienced a strong rebound yesterday, and continues to trend up higher today. However, there is a key resistance level approaching around $122.20. I would monitor for a break or rejection here, and I’m leaning towards a rejection and some downside headed into next week’s Sept. 18 FOMC meeting. I wouldn’t be surprised to […]Read More
GME Likely to Retest $17.50
GME is currently sitting on roughly $4.6 billion in cash after diluting investors again this week. I think there is likely to be short term pain, and I can see a retest of the $17.50 trendline. I think the $17.50 price level would be an excellent buying opportunity, but I would also still be cautious […]Read More
SQQQ Likely to Retest the Yellow Support Line
SQQQ has been trending down as the stock market rebounds. I have $8.10 to $8.20 as a key price level of interest, I think SQQQ could trend down over the next few days to retest this yellow support line. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreIWM Rebounds from the White Zone
IWM has successfully formed a bullish rebound from the white zone, flipping this level from resistance into support. I’d like to see some nice follow up volume to help IWM rally to the yellow trendline around $220. For now IWM needs to hold above $210.44 to remain bullish. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreMPW Spikes Up After Severing Ties to Steward Health
Medical Properties Trust (MPW) announced a global settlement with Steward Health Care System and its creditors, which allows MPT to regain control over 15 hospitals and transition their operations to four new quality operators. The agreement ends MPT’s relationship with Steward and ensures that the hospitals remain operational under new management in states such as […]Read More
MRNA Declines by 17% After Changes to Future Plans
Moderna announced plans to cut $1.1 billion in expenses by 2027 as it adapts to a post-COVID business environment. The company aims to win approval for 10 new products by 2027 but will also pause or scrap some projects to manage R&D spending. Moderna’s shares dropped by over 17% following the news, reflecting concerns about […]Read More
SIRI Losing Support Despite 1:10 Reverse Stock Split
SIRI has announced a 1:10 reverse stock split, which is usually bearish for most stocks. SIRI is also losing support at a key support zone between $29.90 and $36.48. I think SIRI desperately needs to rebound around $24.50 to have any hope of climbing back above $29.90 support. If SIRI fails to remain above $24.50 […]Read More
QQQ Hits $476.31 Resistance
The odds of a 50 bps cut has increased from 14% to 45%. This is not a good sign, a 50 bps cut is an emergency rate cut that implies the Fed is cutting rates because of an emergency economic situation. Next week should be interesting to see what the Fed decides to ultimately do. […]Read More
Support Now Acting As Resistance for USOIL
Today’s OPEC meeting is creating some uncertainty around oil prices, especially as tensions start to escalate in the Middle East. USOIL has lost support within this yellow channel, and now the yellow trendline is acting as resistance around $71. I think USOIL is still neutral below resistance, and would need to break above $71 to […]Read More
Lots of Red for Silver
SLV has formed a bullish breakout above the yellow resistance line around $28, but there is little buy volume to help the price rally. Instead, SLV is experiencing a lot of red above $28 and is at risk of dropping back down. As I’ve said in the previous updates, I’m not bullish on SLV after […]Read More
MELI Flipping All Time Highs Into Support
MELI is a very bullish emerging market stock that has a lot of growth potential. Currently MELI has rallied to new all time highs, and is retesting the white resistance line as support around $1,970.81. I would monitor to see if MELI flips resistance into support here to rally higher. I have the red resistance […]Read More