Smack It, SMCI! Storyboard, Part II
Super Micro Computer’s stock again slashed in half after breaking support. A third support band identified
[UPDATED: November 10, 2024]
When Amazon’s Resistance Became Support
AMZN doubled after it broke above its ex-resistance-now-support band. Will earnings trigger a reverse break?
What’s That Move by the 10-Year Treasury Note Yield?
TNX is back above 4%, however, it is still below its MA ex-support-now-resistance band
Super Micro Computer, a Storyboard
When SMCI broke its support, it fell more than 50% until it got caught by its next weekly MA support band. What’s next?
Checking on the 10-Year Treasury Note Yield
Spoiler: Once TNX broke support – it has not recovered
Finally, United States Oil Fund Made Its Mind: Go Under
The break has come. After bouncing between support and resistance for a long time, USO smashed through support
Shopify Shifts Support
That was quick. SHOP departed its old long-term support towards new one
[UPDATED: August 18, 2024]
The 10-Year Treasury Note Yield Breaks Long-Term Support With Conviction
It is the first time since the beginning of 2019 that TNX is below support
In the Zigzag, United States Oil Fund Is Back at Support
Because the bands converge, it took USO only a month to go from the ceiling to the floor
[UPDATED: August 10, 2024]
Why Are You Back, Shopify?
Frequent visits to the support area should place SHOP watchers on alert mode. Next down: $50-$51
United States Oil Fund Still in Play
This time, USO hit the moving average resistance band. Again.
This Is Not How You Do It, Nike.
NKE crossed its legendary MA support lines from the ’90s like they were the finish line ribbon