$NEE Double Top
By Licia Leslie August 7, 2024 Hi Shoppers, NextEra Energy (Ticker: NEE) has made a double top and has a doji on Friday: I think this one can trade down to $74.17 where the 21 and the 50 day moving averages converge providing support. It is after hours and the put markets are looking […]
Where Are We on the Charts?
By Licia Leslie August 4, 2024 Hi Shoppers, A lot of action on Friday. S&P 500 (Ticker: SPX) closed down $100: We traded down to the nice rounded number just shy of $5300. Remember those rounded numbers $5300, $5350, $5400 are natural support and resistance levels. Everyone is watching them. […]
IWM Looking Lower
By Licia Leslie August 2, 2024 Hi Shoppers, Just like the rest of the market, the iShares Russell 2000 ETF (TIcker: IWM) has had some major moves. Check out my chart: Yesterday, IWM closed below my support level at $216.05. This morning I will be watching for the stock to revisit that […]
Appetite Back for CMG?
By Licia Leslie July 31, 2024 Hi Shoppers, After topping out just before the split, Chipotle Mexican Grill (TIcker: CMG) has collapsed: Before the split buyers could not get enough of this stock taking up to $69.26. It looks like they may have returned and they could be hungry. The stock has caught […]
$AA Bottoming Out
By Licia Leslie July 28, 2024 Hi Shoppers, Alcoa Aluminum(Ticker: AA) has an inverted hammer with confirmation at the support level: The 200 day moving average is just below also providing support. AA looks primed to bounce back up to $36.77 – $37.53. I like the Aug16 34 calls: Use a close below […]
High Wave Candle in $MRVL
By Licia Leslie July 26, 2024 Hi Shoppers, Marvell Technology (Ticker: MRVL) has a high wave doji candle at the support level, created yesterday: A high wave doji has the classic small or nonexistent real body but the upper and lower shadows are very long. This indicates large moves up and down where […]
A Cheap Shot in $ET
By Licia Leslie July 24, 2024 Hi Shoppers, Energy Transfer (Ticker: ET) has been consolidating or trading in a box range and looks ready to breakout to the upside: I have pitchfork support holding at $16.24 and the 21 day moving average is sitting at $16.23. Once the stock clears $16.50, I think it […]
Double Top in WFC
By Licia Leslie July 21, 2024 Hi Shoppers, Wells Fargo (Ticker: WFC) looks like it has made a double top: Looks to me like it wants to trade down to $56.60 once it trades below the 21 day moving average at $56.12. I like the 59 puts for this week: Use a close […]
Can NVDA Hold Support Here?
By Licia Leslie July 19, 2024 Hi Shoppers, Nvidia (Ticker: NVDA) has support at this level coming from a couple different places. Here on the pitchfork, it has held support for the last two days: It also has a possible change in trend hammer created yesterday. NVDA also has support from the 50 […]
$MU Closes Below Support
By Licia Leslie July 17, 2024 Hi Shoppers, The Micron Technology (Ticker: MU) chart is looking a bit ugly: MU has been consolidating or trading in a box range since June 27th. Yesterday, it has broken out of that range to the downside, through my pitchfork support and closed below the 50 day moving […]