Take note: Spotify Technology $SPOT breaches below its weekly MA support triad, the 36/37/38-week SMAs, that registered in January 2023.
Etsy $ETSY continues up following its weekly MA resistance break. Beautiful!
Cal-Maine Foods $CALM spends the week on the first floor (375-day EMA) of its daily MA support triad. Support is still in play.
Another red week for Strategy $MSTR below its broken weekly MA support. Price didn’t go too far down, though.
Opendoor Technologies $OPEN:
Ding Ding! Zoom Communications $ZM is back at its weekly MA resistance.
Pay close attention for price action next week.
…And a bounce off the respected daily MA support.
Western Digital’s $WDC price action since April may be “boring” but serves R/R very well.
Beyond Meat $BYND likes to interact with its 7-hour EMA.
Previously the MA line acted as support, now it is resistance.
Started watching eToro Group $ETOR as the lock-up period expires in 2 weeks. Price respects its daily & weekly MA resistance bands for quite some time now.
A reversal will require a break through these bands.
Gorilla Technology Group $GRRR finishes another weekly session below its weekly MA ex-support triad (50/52/53w SMAs).
On the daily, price respects the 263/264/269d SMAs support triad.
On next week’s watch.
Webull $BULL prints the entire daily candle above its previous daily MA resistance band (6/8d SMAs) and closes @ $11.51.
A fresh calc shows 6/7d SMAs as support and 118/120/121 as resistance, @ $13.25-13.30.
Now with the complete weekly candle in place, DraftKings $DKNG officially maintained another week above its weekly MA support triad, but the situation is fragile; Previously, price hasn’t stayed at the triad for more than 2 weeks.
DraftKings $DKNG dances on its weekly MA support triad for the third week in a row now. With 2.5 hours to go for this weekly candle, market participants so far honor the support.
Western Digital $WDC is back at support again.
