.@JessInskip_ sees fiscal tailwinds in the crypto space benefitting $BLK, cites $LHX as a strong defense leader, and expects $GS to be driven by deals in 2H25.
$META pullback expected!
Meta is in a bullish trading cycle and has reached the 161.8% Fib extension level based on the Oct 2022 lows and Feb 2024 consolidation pattern. This is in tandem with 2 standard deviations as depicted by Bollinger Bands. This continuous pattern suggests a pullback to the 13-weekly (currently $641, this is a moving target, additional closes above this level will raise support) over the next 4-6 weeks.
📈Resistance: $740 (161.8%) This is a natural stopping point. I expect consolidation prior to a move higher. This is confirmed with a trend follow through in RSI
📉Support: $641 (13-weekly moving average) if this breaks, the bullish trading cycle will be at risk
🎥 @JessInskip_ is picking $DUK to make a run, along with $KO & $NVDA.
𝐓𝐡𝐞 𝐁𝐢𝐠 𝟑 ➡️ Inskip makes the bull cases for these stocks with @NPetallides, and @RickDucat analyzes the technical trends in each: https://t.co/QBs1BXLF2K
"I still think we're early on the AI revolution, and the AI for everything," https://t.co/AyJ84IyckI director of investor research @JessInskip_ says. "There's so much that's happening, that applies to every single vertical."
Sharing charts on Trump Tariffs 1.0 and the current broader markets tonight at 6:00pm on CNBC Mad Money! I found it more interesting than usual which means it super nerdy!!!!!
Don’t miss it.
This is volatility, it’s uncertainty and markets that swing violently up and down. The roller coaster is a super high tech fun experience not for the faint of heart. Pun completely intended.