Daily Technical Strategy Video (3/20/24)

The video in this report is only accessible to members
The video in this report is only accessible to members

Upticks - Newton's Law

(New Additions in Bold)

The video in this report is only accessible to members

4 New Additions

  • $MSTR - MicroStrategy Inc
  • $ORCL - Oracle Corp
  • $FCX - Freeport-McMoRan Inc
  • $TSLA - Tesla Inc

Upticks Commentary (Commentary on all 16 names)

Netflix (NFLX - $627.69)

Rally to test all-time highs is ongoing

Support- $530, Resistance- $661, 700

The video in this report is only accessible to members

Rally in $NFLX has grown more parabolic since early 2024, and rally up to $700 looks likely

No evidence of deterioration has occurred in recent weeks

Former all-time highs looks like first meaningful resistance target, though 661 might prove temporarily important

Amazon.com (AMZN - $178.15)

Rally to test all-time highs and exceed this level likely

Support- $146, Resistance- $190, 210

The video in this report is only accessible to members

Rally back to test all-time highs is ongoing, and push up to $190 likely without much resistance

Overbought conditions have not resulted in any deterioration

$AMZN has begun to show some relative strength vs. other Magnificent 7 names, as it shows mean reversion back higher. An eventual push above 190 is likely up to 210

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