Semtech $SMTC closed below its weekly MA support band for the second week in a row.
Earnings tomorrow AMC.
Zoom Communications $ZM could not break above its upper weekly MA resistance line. Price is still locked inside the converging support and resistance clusters.
Earnings tomorrow AMC.
Palantir Technologies $PLTR pulled back to meet its daily and weekly MA support lines, which registered in May 2023.
Rivian Automotive $RIVN attempts to break and close above its weekly MA resistance band, the 93/96-week EMAs.
Western Digital $WDC pulled back last week to close inside its MA support triad for the first time since April. The last line holding is the 8-week SMA.
Opendoor Technologies $OPEN likes its 14-week EMA line as support.
Spotify Technology $SPOT continued down after it broke below its weekly MA (now ex) support triad.
Lyft $LYFT could not break above the upper line of its weekly MA resistance band. Price pulled back violently into the area between MA support and resistance.
Remember the MA support cluster, especially the favorite 69-day SMA, that Advanced Micro Devices $AMD respected so nicely before the huge gap up in October?
Well, price is right there again…
DraftKings $DKNG is still below its weekly MA resistance cluster, which starts to flatten and consolidate.
Oklo $OKLO flipped at its daily MA resistance; price got closer to its MA support triad.
Rigetti Computing $RGTI made it all the way down to its lower daily MA support lines and printed a low of $21, before closing the week @ $23.59.
Nice work for this over-a-year-old support.
