EWA is showing strong upside momentum with targets between 3051-3203, and pullbacks are expected to find buying interest.
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askSlim Live Member Q&A | Chart Analysis in Silver, SQ (BLOCK), AMZN and More
The creator analyzes several stocks including Selines, Abbott (ABT), HSIC, Amazon (AMZN), Block (SQ), Silver (SLV), and IBM. They discuss cycle timing, momentum, and key price levels to identify potential trading opportunities and risks. For Selines, they note a potential decline. Abbott shows negative long-term momentum with expected rallies to fail. HSIC is in a rising phase but faces resistance. Amazon is looking bearish with targets around $182 and $160. Block (SQ) is trading sideways with cautious optimism on the weekly chart. Silver (SLV) is showing strength with expectations of higher prices. IBM is at a support zone, but the pattern structure suggests downside risk below $280.
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Tickers discussed in this post
Amazon is looking bearish, with a sell zone between $220-$235 and downside targets at $182 and $160.
HSIC is in a rising phase with positive momentum but facing rejection at prior cycle peaks, making it a wait-and-see situation.
Abbott has negative long-term momentum and is expected to fail on rallies, with support around $90.