$SHOP was one of yesterdays more prominent stocks that had spring type action yesterday, and potentially now in Phase C of its three month base.
$LCID highlighted in the weekend scans & yesterday as an RS standout, continuing to outperform in the near term in Phase D of its base with potential sign of strength rally underway. If it is then the expectation would be for it to overcome the top of the base and then hold above
$ABNB from the watchlist with a good rebound today above yesterday high and +1x ATR level
$COOP from the watchlist reacting well to yesterdays dip below its 21 day EMA, with RS making a new high ahead of the price action
$AMD attempting to spring
$SNAP reacting well to yesterdays dip below the 50 day MA and approaching trendline resistance once more
$HOOD intraday Stage 1 base forming on the 1 hour chart. So really early. But showing signs a higher low LPS and follow through. Potential for Stage 2A breakout attempt on this timeframe.
Reviewing yesterdays spring type action scan results.
Of the 105 results:
3 are below yesterdays low
103 are above yesterdays low
36 are below yesterdays close
69 are above yesterdays close
67 are below yesterdays high
38 are above yesterdays high
So the majority have held up so far and 36% are above yesterdays high while only 3% are below yesterdays low.
Will review again later after the close
$HOOD still interesting me as we approach the end of the day with the S&P 500 holding up on the test so far.
$APP with a good reaction bounce today around the IPO day high level the the 21 day EMA. Looks interesting
$APPS also showing some RS and consolidating on the downtrend line and just under the 200 day MA. Watching for a follow through attempt.
$TSLA rebounding around the 21 day EMA today in the backup range following the sign of strength in late August. Stage 2 potential
$CAL one of the stronger looking springs from yesterday as we approach the end of day. Volume very light though
