$NEGG #negg #neggstock #neggsqueeze #negganalysis #newegg #neweggstock $SOFI #sofi #sofistock #sofistockanalysis #sofitechnicalanalysis $HUSA #husa #husastock #husastockupdate #husastockanalysis $INDO #indostock #indonesiaenergy #indo #indoupdates #imperialpetroleum #imperialpetrol #impp #imppstock #imppupdates #oilstock #oilandenergy #oil #chartreaders #technicalanalysis #RSI #MACD #Daytrader #DayTrading #SwingTrading #swingtrade #tradingstrategy #learntotrade #tradewithaplan #technicalanalysis #tradingplan
$NEGG (Newegg Commerce Inc.) has staged a remarkable rally, soaring over 44% in a single day and triggering strong technical interest. The setup is a textbook example of climbing through layered resistance: it broke the 20-day, then the 50-, 100-, and 200-day moving averages in succession. The move was backed by sustained volume and a sharp RSI reset — down from a dangerously overbought 91 to a manageable 68 — suggesting there’s still upside room. On a weekly chart, NEGG now sits near the $60 level, which marks an inflection point. If the stock can break through that resistance, there’s a potential clear runway toward $84–87, supported by historical chart gaps and the absence of prior congestion. The technicals remain solid with MACD green-over-red divergence and strong support from the 8-day EMA. That said, after-hours trading showed an unusually wide bid/ask spread — sometimes more than $1.50 — which could reflect low liquidity or volatility risk. The analyst cautioned that NEGG remains bullish above $48, but would prefer it hold over $49.25 to stay comfortably within trend. Despite past skepticism toward meme names like NEGG, the current setup is one of the strongest seen in the stock’s recent history.
$INDO (Indonesia Energy Corporation) flashed signs of awakening as it attempted to break through a dense cluster of converging moving averages — a known “pinch point” that often precedes sharp directional moves. The setup is mirrored by HUSA, both of which are micro-cap oil plays closely tied to volatility in crude oil prices. A key catalyst appears to be an emerging headline about wildfires in Alberta, Canada, a region responsible for roughly 80% of the country’s oil output. If this supply disruption escalates, crude oil could spike — which would directly benefit small-cap names like INDO. Technically, INDO needs to break above $3.25 to unlock upside toward $4.00 and beyond. The RSI and MACD are neutral but coiling, and volume has picked up modestly. If price action fails to hold, downside support comes in around $2.95. The chart suggests a make-or-break moment, where the breakout could be strong and swift — but failure to launch could lead to a slide back into consolidation.
$HUSA (Houston American Energy Corp.) is exhibiting a near-identical technical pattern to INDO, with all five major moving averages collapsed into an ultra-tight range. The chart reader referred to this as a “tornado setup,” where prolonged compression often results in an explosive move in either direction. The stock is currently testing overhead resistance around $11.88, and a confirmed break above this level would likely send it to $15.00, which aligns with historical resistance and offers roughly a 25–30% upside. Just like INDO, HUSA is sensitive to macro oil news, and the Alberta wildfire is a meaningful short-term fundamental catalyst. The setup benefits from the rare combination of technical compression and external news risk — a pairing that, if resolved to the upside, could lead to a sharp rally. However, failure to clear the congestion could result in a fade back to the $10.70 area.
$SOFI (SoFi Technologies Inc.) delivered a blockbuster earnings report that exceeded expectations across the board. EPS beat estimates by 33%, and every metric in the earnings table was green — revenue, EBITDA, and user growth all came in strong. The stock gapped up at the open and pushed above a critical “golden line” resistance drawn in previous analysis. Although it closed the day with a modest pullback from the highs, it still finished two cents above that key resistance — a subtle but technically important hold. The analyst emphasized that even with a Doji candle, the overall structure remains bullish as long as the stock stays above $21.00, with additional support around $21.40. The volume was the strongest since the January 2024 earnings, marking the highest single-day interest in over a year and a half. MACD and RSI are both constructive, and despite market-wide uncertainty ahead of the FOMC meeting, the strength of SOFI’s earnings positions it well for new highs once macro pressures ease.
00:00 Opening Thoughts on FOMC Tomorrow, Index Funkiness, and NEGG, INDO/HUSA, & SOFI Earnings Reaction
09:27 Introduction for new viewers
09:54 NEGG Technical Analysis
16:22 INDO & HUSA Technical Analysis (similar thoughts)
20:08 SOFI Technical Analysis and Earnings Love
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