These Stocks Just Doubled — Here's Where Smart Money Is Getting Out

Added: 2026-05-31

[00:00:08][music] Welcome everybody. My name is Benjamin Pool, head trader here at Verified Investing. We had a wild day in the markets. Uh in this video, I'm going to cover a bunch of different stocks. There are going to be some that are making all-time highs and just continuing to push and some of them are getting beaten up. I have support uh excuse me some support and or resistance levels on each one of these charts and let's just dive into it. The first one I'm going to go over PW. So Palo Alto Networks just continues to surge. Look at this chart.

[00:00:43]So from the lows right here from the 24th of February it was trading at $139.

[00:00:50]And I wish I could say this was an outlier making 100% moves from the lows, but look at this breakout. Had this pivot top here, secondary hit, third hit, broke out, came back, retraced perfectly. I love to see this kind of a retrace, and then it took off. So now what we're having to do is try to identify where the next level of resistance is. I was previously talking about this back in the 26th of February that this is the next support level. it just decided that it was not going to come back to this level. And so now again, let's see if we can identify where additional resistance. So I'm going to take this pivot low here just because this looks like a pretty good pivot. Oh my gosh. So pivot low here, secondary hit. Well, this kind of a kiss. Secondary hit here. Look at how price action respected this upselling trend line. Created this price consolidated and then all of a sudden we're breaking out above that. So now let's identify this up sloping trend line to see if this is a resistance zone. Okay. So here's the next level of resistance on PW. So Palo Alto pivot low here, secondary hit, third hit, fourth hit, price consolidated right alongside of this upsolving trend line. And then look at this. This is why I like uh technical analysis a lot. After it retraced, pulled back, tagged this level, and then had a nice solid pullback. never bottomed out at this $130 level where I anticipated it.

[00:02:17]However, then off to the races. It did have that upswing trend line that connected this pivot low here before this move to the upside. So, on a technical basis, Palo Alto Network's next level of resistance is going to be right here, right about the $300 mark. And again, from that 130 level all the way up to 300 bucks, that is a master move on Palo Alto. Now, let's turn on the relative strength index. What I like to notice is this is actually creating negative RSI divergence. One thing that people get wrong is they see this negative RSI divergence and they say, "Oh my gosh, this is overextended. Now is an opportunity to go short." Well, it can be, but that doesn't necessarily mean that the relative or that the move is necessarily over. What we need to see is volatility.

[00:03:08]Palo Alto Networks had a small draw down. It was about a 7% pullback before it consolidated or before it got a bounce off of this support. So that means that the next level of resistance is going to be 300 bucks. Not necessarily that the move is done, but that's just where the next level of resistance is. Now, this would be a great entry point as a retrace to the scene of the crime um after it broke down, hit this resistance level once.

[00:03:35]This would be the second hit. So, it does favor a pullback. And so now that we're starting to create negative RSI divergence at resistance, this is where I'd look to short uh P&W for a short on a swing trade. Or if I was long P&W, I would look to exit my trade at 300 bucks. Now, there probably going to be a lot of people who were also looking at that $300 mark on Palo Alto Networks. So it may not get all the way up there. So anywhere between like 298 all the way up to like 302 just in case it does pierce that is the entry point on Palo Alto or that's your exit strategy. If it does do what it did before where it breaks out confirms above or makes a continuation move above it and then comes back in. If you're aggressive that would be where then you would reenter that trade. But for me I'm looking to go short on this rather than go long or take profits around 300 bucks. Okay, Meta. Meta is facing a lot of negative resistance. So, it did have news um just recently, but here's a pivot top secondary hit. And I know that it did break above that, but because we have additional information, I actually like this downing trend line a little bit better. anytime we get close to an upselling trend line or excuse me a downbing trend line but then pull back and get a nice fall I have to redraw this trend line. So my next level of resistance or on um meta would be about $371 all the way down to about excuse me 670 bucks is where the next level resistance first hit secondary hit third hit this would be the fourth hit. So, this actually starts favoring more of a push to the upside or a breakout. If you're looking for a more of a bullish move, you need price to consolidate or continue the move up, retest this gap in the charts about 690 bucks. Then you need it to retrace and stay above and then all of a sudden you can make another push to the upside about three uh 737 bucks. That's going to be your never next major resistance on the downside. you have a ton of support in this area. For me, the only place that I would look to go long on this would be $57,562.

[00:05:55]But that's me personally because I'm a little bit more conservative. This move for me would have already been played out and so I would wait for another re-entry price right there knowing I've got additional support at $52124.

[00:06:08]KB is just continuing to get hammered to the downside. Couple different downs trend lines on the charts as you can see. You got a pivot top here, secondary hit, third hit, draw this or extend this down sloping trend line out. Look at that. Hit it for the fourth time and then collapse below $27.83.

[00:06:29]This was a major pivot in the charts. As you can see, we already got a nice bounce off that level, not only once, but twice. So, for me, this support level would have already been taken out.

[00:06:40]I would actually be looking for my next major pivot, and that's sitting at $24.75.

[00:06:45]Look at all of this price consolidation in this area. And then you've got this major pivot in the charts. Not only that, it's a major pivot, but it also connects this up subbing trend line right here. That was the second hit of this upselling trend line before this pullback on KWEB. So again, $24.75 is where I would look to enter it.

[00:07:06]Now, if we can get a break above this downing trend line, this would be the fifth hit of this downing trend line. So it more would favor a breakout, but we have to get above this low pivot at 27.83 for price to push above, consolidate, reattack this downing trend line, get above it. Once it confirms above, kind of like what the upselling trend line on P&W did, wait for the retrace, and then you can enter it there. Even though it would be at a higher price than it is now, it's either $24.75 or wait for a breakout with a retrace.

[00:07:40]Baba is kind of in a neutral zone right now. It's still kind of fairly negative because it broke below this low at $129.30.

[00:07:51]So now we're in a downtrend. The first level of support is going to be $11970.

[00:07:55]And then if you zoom out in the charts, look at this pivot top, major pivot.

[00:08:01]Price consolidated right on this area before it got above, got saved, and then crashed. Look at ton of price information in this area. Looks like buyers and sellers are at least respecting this. That tells me that there's a lot of interest at $11642.

[00:08:18]So for me, Alibaba, it is the Amazon of China. So 11642 is that level. If it did start closing below that on a daily closing basis, then I would look to stop out because you have the secondary pivot at around $100. I mean, it's $103, but the $100 whole round number is going to get a lot of support, and it's a prior gap in the charts as well. So, this is where the secondary entry would be. If we break below $11642, I would not look to dollar cost average into this. If it does close below that on a daily closing basis, $11642, I would re-enter it at $100.40 or maybe a pierce of a hundred bucks. Uber up soing trend line.

[00:09:04]Zoom out in the charts. You got to go way way back on Uber. Pivot low here from the lows of December 2022.

[00:09:11]Secondary hit from the April lows 2023.

[00:09:16]Third hit. Look at this. It hit this level absolutely perfectly. Then made this huge move to the upside. Made a new all-time high. 102 bucks. I believe it was an alltime high. Yeah, alltime high came back in.

[00:09:33]What I would be waiting for with all of this price consolidation right here at about 70 bucks, this actually favors more of a continued move to the downside and we're below this upswing trend line. I would be patient and wait for this swing trade long level at $60.66.

[00:09:52]This is going to be a major pivot in the charts. So, you should get a lot of support. Not only that, but it also was the third hit of this upselling trend line. So, it's a dual confluence zone where price had shown up at least twice before. So, this should be another uh support level for Uber for a swing trade. If you're a bull, what you need to happen is you need to maintain support above $68.54 and then recapture the unders or the upper end of this down this upselling trend line. Once you can do that, then Uber has an opportunity to continue the move to the upside. But right now, for me, Uber is looking more bearish. I'm not shorting this though. I'm just waiting for a long entry price at $60.66.

[00:10:40]PayPal.

[00:10:42]This had some positive news. So, PayPal had good news and then it had some bad news. I think somebody was coming in and they were going to buy PayPal. I don't know what happened, but it looks like the deal may have fallen through or there's just a lot of negative sentiment around PayPal. And so, it's getting into a lot of support at $42727.

[00:11:03]So, this is the first level that I'd be interested 4227.

[00:11:08]Those of you who are a little bit more conservative, we have a breakout of this downswing trend line. Pivot top here, secondary hit, third hit. You can kind of consider this a kiss. finally broke out and never came back and retraced. So again, conservative traders, you would wait for price action to get below 4227 and then retraces seen the crime and depending on when it hits could be all the way from 3735 all the way down to about $36.17 knowing that look at this. You zoom out in the charts, major pivot in the charts right here and it's been respected as support before. So, $33.98 would be your really ultra-conservative level on PayPal.

[00:11:52]On the upside, now that price action has broken below this um basically this previous red bar candle high $46, excuse me, $47.65, it's going to have to recapture that.

[00:12:06]Once it does that, then this resistance level would become support. and then all of a sudden it has an opportunity to move back up to this low pivot at $52.25 and then could eventually get up to $5824.

[00:12:20]So it really depends on your overall outlook on PayPal. I would be a little bit more conservative. My first long level would be 4227 or uh or if it does close below that on a daily closing basis then I would wait for a retrace to the scene of the crime.

[00:12:35]You are going to have some support at 3853. You got this low pivot where buyers did step up, but again, I'm more conservative. I would love it to see I would love to see it retrace the scene of crime and hit that major pivot at a pierce of $34.

[00:12:50]And that's what I have on PayPal. SN, what a crazy move. They had some really positive earnings and yesterday they were up massively and they continued the move up today. Now, Snowflake is getting overly extended. So, here is your major resistance level on the chart of Snowflake, and that's sitting at $265.

[00:13:14]That's the even number. Down sloping trend line, pivot top here, secondary hit, price consolidated right in this area, got rejected, and then this created this downping trend line here.

[00:13:24]We finally broke out, never retraced.

[00:13:27]Sometimes charts don't retrace, and that's what happened. This one ended up breaking out, made a continuation move, got a minor pullback, and then look at what happened on the back of earnings.

[00:13:39]Now that we're overly extended, you're going to have a tough time getting through $265.

[00:13:45]You've got this nice gap in the charts, as well as a ton of people who are potentially still stuck in this trade after this huge sell-off to the downside. So from 265, this gap in the charts all the way down, you sold off 54%. So if you were stuck in this trade, you would have to have 120% move to the upside just to get back to your break even. If you were in the trade right in this area and were trying to dollar cost average down or if you were overly leveraged, you would have seen a big portion of your portfolio drawn down. So once you get back to your break even, there were going to be a lot of people who end up taking their profits or exiting the trade. [snorts] So that's why $265 is going to be a major resistance level. Now, if you're a little bit more aggressive and you want to wait for this double top area, $27,964 is going to be that additional resistance level on Snowflake. For me, now that we've already broken this downing trend line and made this huge surge to the upside, the first level that I'd be really interested in playing this, you got to look back at the charts. And because we've already broken above this gap in the charts, sitting at about $199, this would be the only level that I would be interested in playing this on an up move. So, we get this pullback to sub 200 bucks. Then I would go long on a date I mean a swing trade basis and then I would just stop out of this trade on a daily closing basis if it does get back below 200 bucks and starts closing there because then it could retrace this downing trend line kind of similar to what happened to PayPal. Now this is a more extended move to the upside than PayPal had but it would still be a significant retrace. I don't see that happening in Snowflake. However, I I'm a little bit more conservative. So, 200 bucks is the level that I'd be interested in playing this for a long play. ESTs had a major resistance level at $12989.

[00:15:45]So, if you were playing this, let's say that you were saying similar price action as Snowflake, it made it had some pretty substantial resistance at this $120 level. That's like the 265 level on Snowflake.

[00:16:01]Got below it and then all of a sudden it searched to the upside, hit this major pivot, closed above it, but then look at what happened. You got this pretty substantial draw down. You had over a 20% move from the highs, filled this gap, and now we continued up a little bit. This to me is now more bearish than it is bullish. So, it did hit um if it does hit this pivot top, if you're aggressive, this is your first level of entry at basically $103 all the way down to about $99. It's kind of your first support zone. For me, what I would be doing is waiting for an upsell wing trend line. So, what we're going to do is draw this pivot low here, secondary hit, third hit, because it did consolidate right alongside of this and got below it at one point, but then we had a couple different retests of this. This would be the upsing trend line of support that I'd be interested in playing as for a long play. Now, they do have um satellites that are delayed because of a misfire or um blown engine or something.

[00:17:04]I think they recaptured uh one of their engines. Um but they were not successful in launching their satellite into orbit and so now they're having a 45 satellite delay. So, that's a little bit more bearish for me. Even though we did have this nice pop today, I would be waiting for a retrace scene of the crime of this breakout or this wouldn't be the scene of the crime really. This would just be a retrace to this upswing trend line sitting right here about 85 bucks. So that would be the first place I entered.

[00:17:32]For the bulls out there, we need to recapture this 129.89 level. Once that happens, then all of a sudden is going to see a nice surge to the upside. So we have to identify where our next level of resistance is. So, what I'm going to do is I'm going to take this pivot top here, secondary hit, and draw this out to see where the next potential move that could make once we break above 129.89. And depending on what hits this upswing trend line, you're looking at about a move to about 153 bucks. And then we have to wait and see what happens. If the same thing happened with like P&W where you had this nice breakout, you'd wait for a retrace and then you could actually go long on a retrace. So that's how you could play as well. If it breaks above and you exited the trade, you don't buy on the breakout. What you do is you wait for a continuation move and then a pullback to the scene of the crime and then you could go long. But this would be the third hit. And so it does more favor a pullback than it um than a continuation move to the upside. So if you do exit at 153, you could actually look to play it on a retrace all the way back down to 129.89 89 and then re-enter it. And it's not a significant move to the downside, but that could be your reload area at a 15% discount. All right, MP MP isn't really doing a whole lot. Look at all this price consolidation. Had this major pivot or I mean had this gap in the charts as you can see a ton of resistance in this area. So now what would need to happen is a uh MP needs to retest this previous gap in the charts at $70.81.

[00:19:13]If it can do that and then break out again, all of a sudden MP is going to start surging to the upside. So the next level resistance is going to be this gap in the charts sitting right here at $82.65.

[00:19:25]Not only is it a previous gap, but look at this wide range. I mean this red bar candle right here. It's basically the pivot top. So 8250 is going to be your next uh minor resistance on the chart of MP and then eventually if we can get that breakout you're likely to head back up to close to $100 on the chart of MP.

[00:19:45]So lot of information for you guys and I know there are a lot of comments and a lot of chart requests for me to go over for you guys. Saturday and Sunday I'll have as many videos put out as I can because you know you guys are the reason I do this. This is a lot of fun for me.

[00:20:02]I appreciate all your comments. You guys are wonderful. And uh we'll see you guys next time in the charts. You guys have a great rest of your day. Oh, um before I fully sign off, if you guys are getting something out of this, please make sure you're liking, you're following, subscribing, and sharing with those friends. Um not only helps me, but your comments help the algorithms put this out to more people. And the more people who can get this information, hopefully they can start identifying major and minor pivots in the charts and then they can start trading successfully themselves. You guys have a great rest of your day and take care.