Traders Lens

$MA has been finding strong resistance at $390 on its weekly chart. Breaking above $390 but not being able to close above it a few times in the last couple of years. A close above could lead to a nice bullish continuation.

$PANW making new all time highs this week.

$MU broke above resistance at $65. If it can hold that level there doesn’t look to be any heavy resistance in the near term.

$CHPT which has been trading in a steady downtrend since the beginning of 2021 might have some support in the short term at around $8

$NFLX trading in a channel on its weekly chart.

$XOM has been having a divergence between price and its RSI. Price has been on an upward trend while the RSI has been on downward trend. Also something to keep an eye on is that since the first week in 2021 $XOM has been able to hold its 50WMA

$WWE trading towards it’s upper weekly channel of the last couple years

$SPY has been trading between 380-415, a difference of 35 points. From the chart on the bullish side it looks like a possible ‘V’ pattern which would indicate a possible price target of $450, which was a resistance point in early 2022. If $SPY fades and breaks $380 from the bearish side it would look like a possible double top with a price target of $345. Exactly the low of 2022 where it bounced off of in mid October of last year.

$MU has been facing resistance at $65 for nearly a year now. The rising rsi could be a positive if $MU manages to break above.

$WIX may be trading in a bearish flag pattern on it’s weekly chart.

$SPWR broke below long term support at $15 a few weeks ago. It could be poised for another leg down soon.

$RCL weekly channel. But more importantly might be that besides for 1 brief week in Nov 21, $RCL is finding strong resistance at its 200WMA. It has bounced off it numerous times in the last few years.