This video demonstrates how to identify four stocks (SPY, NVDA, UNH, CRM) with specific technical setups for potential short-term price movements, including double top patterns, EMA support levels, inverted hammer candlestick patterns, and breakout scenarios, with key price levels and support/resistance zones highlighted for each stock.
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4 Stocks I’m Watching for the Short Week 🐶Ajouté :
It's a short week this week and I have four stocks on my watch list setting up for big moves. Checking out Spy, you have a double top situation right here.
If it gets invalidated, we could make new highs. If not, we start to break down to 742, we're coming down to find support at 732.
Checking out Nvidia, we've been dropping ever since we had that earnings and if we break down below 713, that area right there, we can drop down to the 50 EMA on the daily at 203 and find some support before deciding if we're going back to the upside or the downside. Looking at UNH, we had an inverted hammer on Thursday, which is a variable setup and we broke out on Friday. Now, UNH only has to do is get above 394 and 395 and start going back up to the highs around the 400 area. If that gets invalidated, we have a false breakout, we can start breaking down back to 375.
Looking at Salesforce, Salesforce has a nice setup with support here at the 9 EMA on the daily. If the 9 EMA crosses the 21 EMA, it should push Salesforce right back above 183. CRM is looking good as long as it gets above the 188-190 area, then it can start running back up getting all this liquidity right here and especially filling these gaps up to the upside. I make charts like these on a daily and we go over stocks like these every single day in the Discord whether we're making watch lists or giving you charts and analysis. So, if you want to learn how to become a market bully, click the link in the bio and like I always say, whether market is up or down, we see green.
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