AAPL Ripe for a Pullback?
By Licia Leslie August 16, 2024 Hi Shoppers, Apple (Ticker: AAPL) has been up nine days straight after bottoming on August 5th at $196: It has reached the red median line of the pitchfork and yesterday’s action may have produced a doji. A doji is a change in trend candle found at the top […]
Time to Buy Nvidia?
By Licia Leslie August 12, 2024 Hi Shoppers, The market was finally a bit tuckered out on Friday trading only a 58 point range. I still think we may need to trade $5400 – $5440 before we take our next leg lower, if we do. I do think Nvidia (TIcker: NVDA) is […]
$BAX Is Ready to Pop
By Licia Leslie August 9, 2024 Hi Shoppers, Baxter International (Ticker: BAX) is ready to take its next leg higher: It is consolidating over the old resistance now new support of $36.67. I think it can trade up to $39.10 and possibly $39.96. The 200 day moving average is sitting at $37.49 […]
$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 […]