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April 1 NASDAQ Update – QQQ Facing Resistance at the Yellow Trendline
The NASDAQ has been lagging behind the S&P 500, and QQQ has been trading below the yellow trendline. This yellow trendline is acting as short-term resistance. QQQ is trending up and I would monitor the yellow trendline at $448.50 to see if QQQ gets a rejection here. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreApril 1 S&P 500 Update – SPY Continues Trading Above Resistance
The S&P 500 has been outperforming the NASDAQ over the past few weeks. $SPY is currently trading above the white resistance line, which is a strong resistance target. Most of the daily candles have been red above this white trendline, but SPY is still holding strong here. April is a bullish month for equities so […]Read More
EH Enters the Red Resistance Zone
$EH has been showing some bullish momentum, but I think the price is entering a resistance zone here. I would prefer to look for puts rather than longs, I think there will be resistance and a selloff. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreTH 85% Trading Range to Monitor
$TH has already formed a bullish rebound from the green support zone. I would consider an entry with a pullback, and I’m interested in opening longs in the green support zone with the yellow zone as my key target. This would be a 85% ROI trade opportunity worth monitoring. ChartChamp socials: https://linktr.ee/realchartchamp
Read MoreSNDA 300% March Rally & Potential Buy Opportunity
$SNDA is receiving a lot of attention after rising by 300% in the month of March. I think the price is currently at two key resistance targets, the light blue resistance line and the white resistance zone. The price rose too quickly and there’s likely to be a pullback. I think this is a stock […]Read More
YELP Rejection at the Light Blue Trendline
$YELP had a rejection at the light blue trendline, and I think there is a bullish rebound forming. YELP is likely to make another attempt to break the light blue trendline, which is common price action observed in the past. I have the yellow zone as a preferred buy level, but for now I think […]Read More
SIRI Reenters the Buy Zone
$SIRI is another stock pick from Warren Buffett, and SIRI was initially performing well with a nice pump out of the buy zone. However, the past 3 months have been bearish and SIRI has dropped back into the buy zone. I think this is an opportunity to add onto the SIRI position with the best […]Read More
Doma’s Strategic Transition from Public to Private in a Buyout Deal
In a significant shift within the title insurance landscape, San Francisco-based Doma, a trailblazer since its public debut in 2021, is set to revert to private ownership. This move comes through a decisive agreement with Title Resources Group (TRG), a prominent title insurance underwriter. The transaction, valued at approximately $84 million excluding debt, represents a […]Read More
IWM Monthly and Quarterly Performance
The Russell 2000 has yet to form a new all time high. IWM is trending for a bullish Q1 candle close above the red resistance line, and there has already been a monthly candle close above this red trendline in February. I think IWM has more room for upside towards the white resistance zone, and […]Read More
NKE Approaching $88.62 Resistance
Yesterday after stock market close NKE announced a CEO transition. The stock price spiked up from the news, and NKE experienced a post-market rally. Today NKE sold off right below resistance around $88.62. For now I have $77.09 as a key support level and $88.62 as a key resistance level to monitor. NKE is a […]Read More
TMF Rallied 41% in 3 Months
TMF has rallied 41% over the past 3 months as investors are bracing for a potential recession. Warren Buffett has been loading up on US Treasuries, and selling off overvalued stocks like BAC. I think TMF still has a lot more upside, and I would prefer to buy on any short-term pullbacks since there has […]Read More
SQQQ Retests $7.75 Support Level
The post-FOMC rally caused SQQQ to lose support at the yellow trendline, and there has been a drop down to a $7.75 support level. So far SQQQ is forming a bullish rebound here, but still has a lot of catching up to do after the stock market rallied higher. Follow me on social media: https://linktr.ee/realchartchamp
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