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April 3 S&P 500 Update – SPY Had a Bullish Rebound off the $517 Support Line
Yesterday I discussed how $SPY is approaching a $517 support line. There was a successful rebound off that light blue line, and SPY has climbed up towards the white resistance line again. I would monitor for a break or rejection at this white resistance line around $520.30. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreIs PDD About to go Parabolic?
$PDD had two strong rejections off the $150 resistance line. I think the price action has been parabolic so far, and PDD would need to form a bullish rebound soon to maintain this parabolic momentum. With a bullish rebound I think PDD can break through $150 and trend up towards previous all time highs at […]Read More
RKLB Approaching Historical Lows
$RKLB has been trading within a range between the green support zone and yellow resistance zone. I think RKLB is approaching a historically great buy opportunity near all time lows. I would look for an entry within the green support zone. Keep in mind that space stocks can be very volatile, and a lot of […]Read More
SNAP’s Failed Bullish Breakout, 700%+ ROI Potential
I took a $SNAP trade after a strong selloff from worse than expected earnings. I think SNAP had a failed bullish breakout from the green buy zone, the price has reentered the buy zone, and a bullish breakout will occur at some point. I’m patiently waiting and I think SNAP could have a lot of […]Read More
BABA Red Resistance Line to Monitor for a Breakout
$BABA has been neutral in the buy zone, and there is a red resistance line that has been suppressing the price. I would monitor this resistance line here to see if BABA is able to start forming a bullish breakout. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreTSLA Back at the $164.76 Support Line
$TSLA is having a steep decline after failing to meet expectations for Q1 deliveries. The price is back at the $164.76 price level at the white support line. I think there could be a rebound here, and I would monitor the white trendline to see if the price level holds and rebounds in the short […]Read More
SQ Trying to Break the Yellow Resistance Zone
$SQ has a lot of upside potential with previous all time highs around $288. I think SQ has been forming a range near the bottom between the light blue and yellow zones. The price is currently trading near the highs of this range near the yellow resistance zone. I prefer to buy near the lows […]Read More
April 2 NASDAQ Update – QQQ Likely to Rebound Here
$QQQ has been trading around the yellow trendline since Dec. 2023. I think the price is near the lows and is likely to rebound soon to continue trading around the yellow trendline. There have been 5 consecutive red candles, and QQQ had a rejection at the yellow trendline before dropping. So I want to carefully […]Read More
April 2 S&P 500 Update – SPY Bearish Gap at the Light Blue Trendline
$SPY opened with a bearish gap lower at $517. This gap is at the light blue trendline in an attempt to flip this trendline into support. I would monitor for a rebound here, and I think SPY could trend up towards the white resistance line again, which gives a price target around $522. For now […]Read More
BABA Showing Some Bullish Momentum
BABA has experienced upside for 3 months in a row, and is eyeing a move up to the $104.82 target. China’s Hang Seng Index is forming a bullish breakout so there is some room for BABA to rally here. Follow me on social media: https://linktr.ee/realchartchamp
Read MoreHang Seng Index Forming a Bullish Breakout
Investors have shown little interest in Chinese stocks so I’m trying not to get my hopes up too much here. However, the Hang Seng Index is attempting another bullish breakout above the yellow trendline and is flipping this trendline into support. I think there is a lot of upside over the next few months if […]Read More
SPY Retests $564.96 as Support
SPY has experienced a lot of volatility with a very thin candle close yesterday and a thin candle so far today. These thin candle patterns suggest a lot of back and forth between bears and bulls at these price levels. For now SPY has retested $564.96 as support, which is a bullish sign so far. […]Read More