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Alex Wolsky

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U Bull Flag Under Big Volume Shelf

Unity (U) setting up well after breaking a downtrend recently and now back-testing the move with a narrow channel back to VWAP from the prior lows. A move higher targets $111.25 and a big volume shelf that stretches back to late February and gap up to $125. RSI is...

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PTON Bull Flag Setting Up Under a Volume Gap

Peloton (PTON) shares pulling back to the 55-EMA recently and finding support on 8/2, closing near the highs despite a broader market selloff. A move above $124/$125 and a high-volume node sets up for a multi-week breakout and run to $140. PTON can also make a more...

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FN Bull Flag

Fabrinet (FN) shares forming a nice bull flag under $97 and setting up to break out of a multi-month consolidation to new highs. A run higher has near-term targets up at $105 while the longer-term upside target is near $120. FN shares are hitting the ‘ready to run’...

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Weekly Market View 8-1-21

It was a quiet week for the S&P 500 (SPX) with its narrowest closing range since late May as we consolidated above the 8-EMA and under new highs. The overall stance remains neutral given how we remain extended near resistance of a rising wedge from the May highs...

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COF Bull Flag Setting Up

Capital One (COF) consolidating in a narrow flag under $165 and recent highs with shares back above the 8- and 21-EMA this week. A move higher has room to run with a measured target up around $185 and both MACD and RSI with plenty of room for expansion. COF has been a...

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SNOW Bull Flag Setup

Snowflake (SNOW) shares consolidating in a bull flag above its rising 8-EMA and the top of June value with a breakout above $271.50 putting it into some space. SNOW shares have a short-term measured move to $285 and then the February VPOC at $302.50. SNOW laid out...

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RVLV Bullish Wedge Setup

Revolve (RVLV) shares consolidating in a multi-week bullish wedge and hammering yesterday back above its 8-EMA in a nice sign of strength. RVLV has a small volume node at $71 an above can make a nice run with a longer-term measured move to $85, plenty of room to run...

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ESI Bull Channel Breakout

Element Solutions (ESI) setting up well in a multi-week channel under recent highs and closing just below a high-volume node at $23.75. MACD is curling higher and near a bull cross while RSI is back above 50, ready to run and resume the longer-term uptrend. A breakout...

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