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 to monitor the $200 resistance level for a break.
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QQQ has remained neutral since Nov. 7, trading sideways within a range below the yellow resistance zone. There’s still room for QQQ to trend up towards the resistance level around $518-519. This resistance increases over time so the price level will continue to change. I think QQQ is at risk of dropping, but likely the […]
Read MoreGME has flipped the yellow trendline from resistance into support, and after weeks of boring price action we are starting to see some upside. I have a resistance zone between $47.11 and $64.74 to monitor on the way up. As a reminder, GME tends to report very strong Q4 earnings. I think there could be […]
Read MoreRivian (RIVN) stock has rallied after announcing an expansion of its partnership with Volkswagen (VWAGY), with the German automaker pouring more money into a joint venture. RIVN has held above the $10 support level, and this news announcement has caused a spike up to the white resistance zone between $11.64 and $12.70. I think this […]
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QQQ has remained neutral since Nov. 7, trading sideways within a range below the yellow resistance zone. There’s still room for QQQ to trend up towards the resistance level around $518-519. This resistance increases over time so the price level will continue to change. I think QQQ is at risk of dropping, but likely the […]
Read MoreGME has flipped the yellow trendline from resistance into support, and after weeks of boring price action we are starting to see some upside. I have a resistance zone between $47.11 and $64.74 to monitor on the way up. As a reminder, GME tends to report very strong Q4 earnings. I think there could be […]
Read MoreRivian (RIVN) stock has rallied after announcing an expansion of its partnership with Volkswagen (VWAGY), with the German automaker pouring more money into a joint venture. RIVN has held above the $10 support level, and this news announcement has caused a spike up to the white resistance zone between $11.64 and $12.70. I think this […]
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