By Licia Leslie
July 15, 2024
Hi Shoppers,
I hope you are having a good day.
We had a nice trade in GLD last week and our calls in WMT, which has pulled back a bit but is still holding support.
Last week I said Advanced Micro Devices (Ticker: AMD) need to clear $172 and it would trade up to $184.14 and that is exactly where it went:
Now it is struggling to close above that resistance. We need to watch the stock rollover from here and trade lower to $174.87 or close over the resistance and take the next leg higher to $189.83.
Enphase Energy (Ticker: ENPH) has closed the gap and looks ready to take off higher:
Resistance comes in at $123.22 and then $132.25.
Unity Software (Ticker: U) has been selling off since the beginning of the year and is beginning to show signs of life here clearing the consolidation:
Next stop is at the 50 day moving average at $18.94.
Bitcoin is bouncing here taking Marathon Digital Holdings (Ticker: MARA) with it:
It has cleared and closed above the red median line. Resistance comes in at that previous highs at $22.57.
Celsius (Ticker: CELH) has made a double bottom, with a nice hammer, and closed over the 21 day moving average:
Resistance sits at $62 and then $65.26.
Enjoy the rest of your day!
Thanks for Reading … See You Next Tuesday,
Licia Leslie
Licia Leslie
Head of Technical Analysis
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