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TLT Trading Below Support
TLT has lost support below the light blue support line around $92.50. I would be cautious here, TLT needs to reclaim support to avoid further decline. 10 year yields is approaching resistance around 4.44% so TLT could bottom out once 10 year yields have peaked. Follow me on social media: https://linktr.ee/realchartchamp
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GOOGL Trading Near the Midrange
GOOGL has formed an upward white channel, and is currently trading near the midrange of this channel. There is support around $155 and resistance around $193. Over time these levels will increase since the channel is sloped upwards. GOOGL attempted a bullish breakout, flipping the upper white line from resistance to support. However, GOOGL failed […]Read More
AMZN Attempting to Break Above $200 Resistance
AMZN is trading near all time highs around $200, and needs to break above the $200 barrier to reach new all time highs. Bezos has been selling a lot of AMZN shares around $200, which is making it difficult for AMZN to reach new highs. I think AMZN still looks strong here, I would continue […]Read More