Jumia Technologies $JMIA, are you kidding us?
What do you plan to do next week??
Here are both the weekly and the daily views.
Rivian Automotive $RIVN. Bruh.
Price just loves its weekly MA support triad, the 47/56/80-week SMAs (now @ $13.93-$15.04).
Pay attention to the daily: price squeezes between the daily MA support and resistance bands.
A big move may be brewing.
Kratos Defense & Security Solutions $KTOS keeps respecting its MA support cluster and stays trapped inside it.
True for both the daily and the weekly time frames.
Shopify $SHOP again got rejected by its weekly MA resistance band and dropped 6.3% to $110.79.
The stock’s ascending MA support triad is waiting below, currently @ $76.90-$103.60.
Oracle $ORCL rejected by its weekly MA resistance triad again, but still hovers above support.
Getting there.
While UnitedHealth Group $UNH (@ $304.33) is building a green monthly candle for April (for now, still open), note where the weekly MA resistance triad is (40/41/44-week EMAs @ $325.92-$331.14).
Will UNH break above it?
The last 4 daily sessions were somewhat semi-volatile for Colgate-Palmolive Company $CL, however, the weekly session ended with price back in between the stocks’ consolidating MA support and resistance.
Very tight.
If Interactive Brokers Group $IBKR (@ $71.21) consolidates and pulls back a little, it may meet its good ol’ ascending daily MA support band, the 380/386-day SMAs, currently @ $56.73-$57.08.
When support becomes resistance:
Palantir Technologies $PLTR gets rejected by its 154/169/171-day EMAs.
These MA lines acted as the stock’s daily MA support triad since May ’23.
POET Technologies’ $POET 84/85/97-week SMAs act as a weekly MA support triad since Sep. 2024.
Looking back, when price is above the triad, it tends to go higher and vice versa.
Moderna $MRNA printed a green candle right off its weekly MA support triad. Beautifully respected!
Support: 6/8/14-week EMAs @ $46.35-$50.03.
