Adobe $ADBE kissed its weekly moving average resistance band – and dropped.
The monthly candle is currently peeking below the MA monthly support cluster, but it is still a live candle. Let’s revisit at the month’s end and see where it closes.
Mid month, and Rivian Automotive $RIVN visited the inner line of its monthly MA resistance band (candle is live) and the outer line of its weekly MA support cluster.
Spotify Technology $SPOT can’t break above its weekly moving average resistance cluster and pulls back into the space between its converging MA support and resistance clusters.
Pfizer $PFE strolls along its weekly moving average support band.
It might be coiling to bounce and visit resistance.
Resistance: 132/144-week EMAs @ $28.05-$28.44
PFE @ $26.21
Support: 51/56-week SMAs @ $25.51-$25.69
DoorDash $DASH ended another week at support, let resistance close in.
The stock’s converging weekly moving average support and resistance clusters get very tight.
Gorilla Technology Group $GRRR hits its weekly MA resistance band (131/138w EMAs) and pulls back.
Buyers pressed the ‘buy’ button when the pullback neared the daily MA support band, the 38/40/46d SMAs.
Wonderful example of how to combine the 2 timeframes.
Jumia Technologies $JMIA continues trading into its tightening MA support and resistance clusters on both daily and weekly timeframes.
