New year started with bang! Profit taking hit hard on tech and crypto names. QQQ managed to hold 20 MA. 400 short term line in the sand. Many names are at or close to short term support. Let's see if bulls show up for a bounce.
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COIN Heavy selling pressure all day, closed right on 20 MA. If we get small gap down open then watch for 20 MA remount for quick bounce play. Ideally a pull to 150.[/caption][caption id="attachment_70144" align="alignnone" width="800"]
MARA Break of 22.77 might test 20.[/caption][caption id="attachment_70143" align="alignnone" width="800"]
CVNA Right on 20 MA. 48 hold bounce watch.[/caption][caption id="attachment_70142" align="alignnone" width="800"]
AFRM Ideally a pull to 20 MA and bounce.[/caption][caption id="attachment_70141" align="alignnone" width="800"]
UPST Needs to hold here and get over 40.[/caption][caption id="attachment_70140" align="alignnone" width="800"]
ARM Needs hold this 20 MA else failed breakout scenario.[/caption][caption id="attachment_70139" align="alignnone" width="800"]
AMD Ideally a pull to 20 MA and bounce.[/caption][caption id="attachment_70138" align="alignnone" width="800"]
META 20 MA bounce. Keeping an eye as a tell.[/caption]Finding the right stocks to trade is only half the battle.
