Upticks – Newton’s Law

HEADS UP: The Technical Strategy Video will be sent out in a separate email (post) later today.

(New Additions in Bold )

Upticks - June 2024

Upticks Additions

Upticks Deletions

UPTICKS Total Return vs. SPY, since inception

Upticks - June 2024
Upticks - June 2024

Upticks Year-to-Date Contribution to Performance

Upticks - June 2024

Upticks Additions Commentary

FormFactor – FORM 1.51%  ($59.63)

Support- $52.39, $48.50, Resistance- $65.60, $73

Upticks - June 2024
  • Ability to have exceeded 2021 peaks of $52.39 from early 2021 is quite bullish
  • 1 month Triangle pattern should be resolved higher in the weeks ahead and also positive
  • Expecting a July breakout above $61 which should lift FORM to 65.60.

Deckers Outdoor Corp. – DECK -3.20%  ($999.91)

Support – $946, $955 Resistance – $1,102, $1,153

Upticks - June 2024

DECK has provided a very attractive risk/reward given its short-term pullback as part of an ongoing uptrend

Volume proved to be far higher on the April breakout than on the subsequent consolidation

Pullback to test pivot area near former March highs has helped to alleviate overbought conditions, creating an appealing risk-reward

Upticks Deletions Commentary

Netflix – NFLX -1.38%  ($684.34)

Upticks - June 2024

NFLX’s rally approaching all-time highs which is likely to prove to be a difficult area of resistance

Counter-trend exhaustion could possibly align on a weekly and monthly basis which would likely result in this stalling out in July

Risk/reward is no longer as favorable approaching its all-time high peak.

Western Digital Corp. – WDC -1.11%  ($76.62)

Upticks - June 2024

WDC is now beginning to stall out following a nearly 100% rally since last Fall’s lows

While momentum remains positive, it’s begun to show some negative divergence and appears better to reconsider on weakness heading into the US Election

Movement above $82 should allow for upside to $96. However, the recent stalling out near former June 2021 highs makes the short-term risk/reward not as appealing.

*Prices are as of 6/27 close.

Disclosures (show)

Get invaluable analysis of the market and stocks. Cancel at any time. Start Free Trial

Articles Read 2/2

🎁 Unlock 1 extra article by joining our Community!

You are reading the last free article for this month.

Already have an account? Sign In

Don't Miss Out
First Month Free

Trending tickers in our research
Ticker Price Chg%
$123.78
-0.17%
$480.01
-0.33%
$203.21
+0.57%
$222.23
-0.79%
$19.89
+1.17%
$34.40
-1.01%
$121.93
+0.09%
$41.09
+0.29%
$162.05
+1.62%
$307.75
-0.06%