PaperBozz

TSLA is currently sitting on a support level. If it fails, it could revisit a recent low around the $210 area. The range from $260 to $210 is a demand zone. In a bullish case, it breaks out of that channel and travels to the $330 area. In a bearish case, it could retest the trendline around the $180 area.

BTC you know what is not down? Bitcoin. That means the market will most likely follow suit. If this descending broadening wedge plays out, we are looking at $104K to $108K area. Resistance areas to watch: $90 - $91K $96K IBIT

META is testing the upward trendline that began in November 2023. Can it hold? If it breaks the trendline, we’re looking at the $540 area for support. Something to keep in mind: It is way too early but there’s a chance it could form a head-and-shoulders pattern.

GOOGL and GOOG had a promising cup-and-handle setup, but the earnings report (ER) disrupted it. The stock is currently below the uptrend line. I would wait for the $143 to $140 area to position for a potential bounce. For the first time in its history, Google’s search business faces serious threats, putting its technological leadership in question.

AMZN consistently revisits the uptrend line that began in January 2023. There’s a strong possibility it could do so again. The $180 area could be a good entry point.

HOOD did get a bounce from that support area. There is certainly a danger of a head and shoulder formation but I am not too worried about it. Watch for that channel breakout. Confirmation is closing above $43 for 2 trading session. See target and support areas in the chart.

BTC If Bitcoin closes below the 200-day moving average (200DMA) or 83K , we could see it retest the previous breakout area and uptrend line around $72K to $68K. 👀 On the upside, closing above $90K would be bullish. The current volume gap area on the volume profile creates less friction in either direction.

MSTR hasn’t broken down below the 200DMA since 2023. 👀

Since the beginning of 2023, QQQ has bounced every time it retests the uptrend line. Look at how the 200DMA tracks along that trendline. The RSI is at a level where it has bounced previously. We are close to a relief rally. 👀

AMZN if that flag plays out, we are looking at $255 area. As always, I share my opinions and trades. I’m not suggesting anyone follow my trades. You do you.