ADVANCE AUTO PARTS Inc. (#AAP)
- The stock stopped the bearish swings at $ 188, strong resistance area for March-April 2021
- MACD is crossing higher even if below 0
- Low RSI which could support bullish movements
- A close above the 50MA could lead the stock to resume the uptrend
Possible entry $ 195.00 - $ 196.00
Target $ 205.20
Stop loss $ 191.00
AIRBNB Inc. (#ABNB)
- On the 4-hour chart, we can better understand the strong role of support and resistance that the 100MA has played since February 2021
- After strong bearish moves, #ABNB is returning to near the 100MA
- A push and close above $ 150 could lead to a further extension of approx. 10%
- Relatively high MACD and RSI, the price may consolidate before breaking out of $ 150
Possible entry $ 155.00 - $ 156.00
Target $ 170.00
Stop loss $ 147.00
BLACK KNIGHT Inc. (#BKI)
- The stock, after a strong bearish phase, consoled itself between $ 70 $ 74 which now seems to want to break up
- A breach of the 50MA combined with a break of the bearish channel, could lead the stock to strong swings to the upside
- MACD is approaching 0, a breakout would confirm a bullish moment
- RSI is gradually increasing, which could support the leg higher
Possible entry $ 74.00 - $ 75.00
Target 1 $ 76.00
Target 2 $ 82.00
Stop loss $ 69.50
CITRIX SYSTEMS Inc. (#CTXS)
- The stock recently dropped to a strong support area
- With the break of the 9-day average it seems to want to exit the bearish trend
- The highest volumes are at $ 110 and $ 141: when #CTXS is at one of the two levels, it tends to move quickly towards the other
- Relatively far from average to 50 days
- MACD crossed higher although well below 0
- RSI has left the oversold zone
Possible entry $ 118 - $ 117
Target 1 $ 124
Target 2 $ 135
Target 3 $ 140
Stop loss $ 110
OTB Global Investments
7 June 2020
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