too good to ignore here. seems like it has finally found support just where it did a few weeks ago. Williams % range curling as well. Invalidation would be a close below the S/R flip zone below. First target would be to test the falling trend zone and hopefully find a breakthrough
After breaking through resistance, its taking a bit of a break. However, finally got the the 20DMA to break above the 50DMA and also starting to form a mini bull flag on the daily. For now, the WVAP will be watched for support at $124 as it bounced nicely off that today. Any break below the WVAP and/or falling wedge line would invalidate the setup. Would love to...
triple bottom with price finally breaking out of this walling wedge. Daily MACD is very close to crossing above zero and weekly MACD just crossed. As the market continues, I see rotation into sectors underperforming like homebuilders and BLDR is known for agressive moves. Further, increasing pressure to cut rates helps them as well. I want to see $150 before july...
So many things to like about this current setup. Aside from a strong advanced decline line allowing the baton to be passed to other names to further participate in the melt up rally...
Divergence with the RSI showing the true bottom and now there is a volume shelf setup which triggers just around $51. A break above that will also be met with a VWAP as resistance...
Approaching VWAP that has help since 23' and tested multiple times to the tic. Further, we have rsi and williams percent range showing divergence giving me reason to believe we have a bounce coming soon. Looking to play June 20th $55 calls
MACD curling with potential for a retest of VWAP which it has tested twice and failed. A move up to the VWAP zone implies approximately 30% move to the upside. With that being said, the closest support level is in the $57 range.
