Rivian Automotive $RIVN is back up to face the upper weekly MA resistance line (128-week EMA) after it broke above the lower weekly MA resistance lines.
Last week, MongoDB $MDB bounced violently off its weekly MA support triad, the 15/17/20-week SMAs.
Palantir Technologies $PLTR completes a nice bounce off its MA support cluster on both daily and weekly time frames.
These are the same MA support lines we spotted in March 2024!
After flirting with its daily MA resistance triad since October, Oklo $OKLO broke above it on Wednesday, gave market participants an opportunity to enter and took off the next day.
In the last 2 weeks, QXO $QXO has been riding its daily MA support triad, the 5/6-day SMAs + 5-day EMA.
eToro Group $ETOR catches a ride on its daily MA support triad (5/6-day EMAs + 6-day SMA).
After breaking its long time weekly MA support triad that we spotted back in April, Spotify Technology $SPOT keeps its south-east journey.
Until when? For now, its 5/7-week EMAs act as MA resistance band.
Might not be a sexy ticker name, but The Bank of Nova Scotia $BNS is such a beautiful example of a stock respecting its own weekly MA support triad (6/8/9-week EMAs).
Note the triad was previously resisting.
Okta $OKTA bounced nicely up post earnings, however, just enough to get closer to its daily MA resistance triad and say hi. Will price go for another attempt at resistance soon? We shall see.
Earnings could not help The Kroger Co. $KR break its weekly MA resistance band. Price bounced down off that resistance.
Another week that Opendoor Technologies $OPEN respects its best respected weekly MA support triad. Price touched the upper band (14/15-week EMAs).
Post earnings, Snowflake $SNOW came back to its weekly MA support cluster, upper line (25-week EMA).
Impressive follow through by Rigetti Computing $RGTI after it touched-once-and-bounced off its daily MA support band. Nice!
