Wow, another week that Palantir Technologies $PLTR coils and squeezes into a corner, formed by the stock’s converging weekly moving average support (80w EMA & 84w SMA) and resistance (15/19/22w SMAs) clusters.
A big move is imminent.
Pfizer $PFE bounces off its best respected weekly moving average support band, the 51/56-week SMAs.
Just beautiful.
Look at that beauty… Spotify Technology $SPOT bounces off its ascending weekly moving average support band right into the descending resistance cluster with a single candle.
Will price stay next week within these boundaries?
Worth watching.
Alibaba Group Holding $BABA ($130) prints another red weekly candle after getting rejected by its weekly MA once-support-now-resistance cluster.
To reverse, price must close above this cluster (46/52-week SMAs & 49-week EMA @ $138.18-$145.60)
Automatic Data Processing $ADP breaks above its weekly moving average (now ex) resistance band.
Last week as well, IonQ $IONQ kept respecting its daily moving average support triad (12/14/21-day EMAs), having price close above or inside the triad every session.
Expedia Group $EXPE traded down almost to kiss the upper line of its weekly moving average support triad. Was that it, or will they touch?
EXPE @ $214.65
Support: 92/109/128-week SMAs @ $181.88-$201.21
DoorDash $DASH spent another week trading into the corner, formed by its converging weekly moving average support and resistance clusters.
Jumia Technologies $JMIA ($6.97) just LOVES its daily and weekly MA support triads.
+ Daily support: 368/381-day SMAs @ $6.81-$6.92
+ Weekly support: 113/116/133-week SMAs @ $6.28-$6.67
♥️ if you find this helpful!
Rivian Automotive $RIVN ends the week just a hair below its weekly MA ex-support-now-resistance triad.
eToro Group $ETOR ($40.85) squeezes into its converging weekly moving average support and resistance clusters.
A big move is imminent.
Market participants that trade Dell Technologies $DELL got their eyes on the stock’s daily moving average support triad, especially respecting the 13-day EMA.
Such a beauty!
