ClearValue Team Insights
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BTC – Yellow Support Line Has Held for 4 Weeks
$BTC has been trading around this yellow support line for the past 4 weeks. Bulls have done an excellent job defending this support level, and I think there is solid support building up here. Bears should be concerned about BTC trending up over the next few weeks. As I discussed in previous updates, when BTC […]Read More
UUUU – Trading Sideways Within a Range
$UUUU is trading within a range between the yellow and white lines. For now there is support building up at $5.74, and I would monitor to see if this support level holds. Otherwise there could be a drop towards $4.78, and this $4.78 would be my preferred price level for buying. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreNFLX – Overbought and Bullish Headed Into Apr. 15 Earnings
$NFLX has been overbought for quite some time now, but continues to show bullishness headed into earnings on Apr. 15. NFLX is holding strong above the light blue zone and has reclaimed support at the yellow trendline. I think NFLX could spike up if these support levels continue to hold. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreJNJ – Steep Decline Towards $145.65 Support Level Headed Into Apr. 16 Earnings
$JNJ has been in a steep decline headed into next week’s earnings announcement on Apr. 16. I have the white trendline as a key support level ahead, and I think JNJ could rebound around $145.65. I would be interested in buying some JNJ at that price level. ChartChamp socials: https://linktr.ee/realchartchamp
Read MorePG – Potential Rebound Headed Into Apr. 19 Earnings
$PG has been in a downtrend headed into next week’s earnings announcement on April 19. I think PG could rebound around the lows of the Bollinger Band near $153-154 price levels. ChartChamp socials: https://linktr.ee/realchartchamp
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UVIX – More Upside Before a Steeper Decline
The $UVIX has been trending up, I think it would be a late entry to go long here since the price has already spiked from $8.70 to $11.50. There could be more upside but the UVIX is unlikely to remain above the midrange of the Bollinger Band around $12.20. The price has historically struggled to […]Read More
NASDAQ – QQQ Climbing Up Towards the Yellow Trending
$QQQ has started to rebound from he local lows, and I think QQQ can continue to trade around the yellow trendline. I want to see whether QQQ is able to climb up towards the yellow trendline, and whether this yellow trendline acts as resistance on the way up. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreSPY – Support in the Light Blue Zone
$SPY dropped this week from the narratives surrounding inflation data and delayed rate cuts. However, I think SPY is building support in the light blue zone, and there could be a rebound back up towards the white resistance line over the next few trading days. For now I would monitor the light blue zone for […]Read More
PLTR Lost Support at the Yellow Trendline
$PLTR has been extremely bullish after the last earnings announcement. However, I think PLTR is losing some support at this yellow trendline, and the yellow trendline is now acting as resistance. I’ve been patiently waiting for a re-entry opportunity around $20, at the light blue trendline. I think there could be a dump headed into […]Read More
QQQ Attempting a Breakout Above $486.50
After several days of sideways price action, QQQ is starting to form a move to the upside with a break above $486.58. I think QQQ is approaching an area of strong resistance here, and I would monitor for some sell pressure pushing the price back down. However, QQQ still has room to climb up to […]Read More
A Lot of Red But Little Downside for IWM
IWM has experienced a lot of red since Thursday Sept. 19, but there has been little downside from $224.50 to $219 over the past few trading days. I think IWM is still holding strong here, but the price action doesn’t look as strong as the bullish narrative for small cap stocks. Maybe most of the […]Read More
SPY Making Progress to the Upside
SPY continues to trade sideways within a range between $565 and $572.50. Despite this neutral price action, SPY is making some slow progress to the upper end of the trading range. However, there is resistance approaching around $575.50, and I would monitor for a rejection to push the price back down. If SPY does continue […]Read More