QCOM Ready to Rally
By Licia Leslie October 23, 2024 Hi Shoppers, Qualcomm (Ticker: QCOM) has had a bit of a pullback and looks ready to rally: It has formed a hammer right on the pitchfork support with confirmation yesterday. I have resistance just above here which lines up with the 200 day moving average at $174. […]
GLD Going to $255
By Licia Leslie October 19, 2024 Hi Shoppers, Gold futures have been on a tear! Check out how well it has followed my pitchfork: Tested support six times and honored it. Here is the chart for the SPDR Gold Trust (Ticker: GLD): Not only has GLD closed over the median line but the […]
SHOP Looking Lower
By Licia Leslie October 18, 2024 Hi Shoppers, Shopify (TIcker: SHOP) is up against resistance and has a change in trend candle doji on Monday: It hasn’t sold off yet and the 21 day moving average is sitting at $80.82. I will be watching for SHOP to trade below $80.82. I don’t mean […]
AFRM May Be Topping Out
By Licia Leslie October 16, 2024 Hi Shoppers, Affirm Holdings (Ticker: AFRM) has traded up to the top of my pitchfork and has a change in trend candle created yesterday: The candle is called dark cloud cover and is found at the top of an uptrend and may be signaling a change in this trend. […]
IWM to $225
By Licia Leslie October 13, 2024 Hi Shoppers, The iShares Russell 2000 ETF (Ticker: IWM) had a really nice bullish day on Friday: It is primed to retest those most recent highs just under $225. I like the Oct16 expiration calls: The 222s will trade $2.00-$2.25 before you know it. Use a close […]
TLT Ready to Bounce?
By Licia Leslie October 11, 2024 Hi Shoppers, The iShares 20+Year Treasury Bond ETF (Ticker: TLT) has been in a downward spiral ever since the Fed lowered interest rates. They have traded right down to my support level: Yesterday’s candle looks like it could turn out to be a hammer which signals a […]
ARM Set to Rally
By Licia Leslie October 9, 2024 Hi Shoppers, ARM Holdings (Ticker: ARM) has held the support level of my pitchfork and bounced: Once it clears $145, it is heading to its previous high at $152.39. MACD also looks just about ready to turn positive; Use a close below that $145 as your stop […]
Bull Flagging in RTX
By Licia Leslie October 6, 2024 Hi Shoppers, RTX Corporation (Ticker: RTX) has been following my pitchfork very nicely: The stock has been in a nice rally and is currently taking a breather or bull flagging before it takes its next leg higher. That will take the stock up to $130 and higher. […]
HAL Ready to Rally
By Licia Leslie October 4, 2024 Hi Shoppers, Halliburton (TIcker: HAL) is ready to rally along with the crude futures. It has made a double bottom and closed above the 50 day moving average yesterday: Once it clears $30.71 it looks like clear sailing to $32.90. Shopping for options, I like the […]
AI Looking Lower
By Licia Leslie October 2, 2024 Hi Shoppers, C3 AI (Ticker: AI) is looking to trade lower from here: It has failed up against the resistance of the pitchfork and closed below those most recent lows. Support comes in at $20.34. Shopping for puts, I like the Oct18 expiration: The 22.50 puts are […]