Everybody welcome back to the channel. I hope all of you are having a wonderful weekend in today's video we're going to talk about a stock that is ready to go crazy on monday and why y'all should keep it in your watch list. I'm also going to be answering some of you guys questions for those of y'all who drop those stocks of interest in the comment section of last night's video now before i begin do not forget to demolish that like button on your way in here right. So, let's, let's begin right off the bat um today's saturday, therefore we're not going to go too deep on the spy.

I explained that in the last video i gave some tips on there for the beginners, so definitely check that out. If you haven't watched it already we're gon na dive straight into the points, the stock that is looking pretty good for monday. That stock is snap all right now, snap i like it because of first of all, we got ta look at the daily chart. All right.

We got ta, look at it number one. It crushed earnings crushed earnings on the fourth of february. It didn't quite do a follow through like some more continuation over here. There was massive volume in the beginning and then the volume just died all the way down right and right now i want to share snapchat with y'all because of this.

If you go on the four hour and you zoom in right here, you can see that there is a bearish left, shoulder a head and a right shoulder right over here and the neckline, for this was right there, which started breaking down on thursday and then on Friday, it really broke right through it all right, so so two things can happen on monday, slash tuesday right two things can happen. The first thing that can happen is keep in mind. There is that daily gap right there, it's huge and it drops all the way down towards like 25, exactly right now, how are we going to get there well? This is what i think is going to happen. First and foremost, we may see a massive drop.

All the way down to 30 dollars first on monday, and then what happens after that is that we may see a dead cat bounce like this all the way up to retest the neckline at exactly 35. This is from monday to tuesday and then for the rest of the week. We may see something like this, where we go all the way down to reclaim 25. All right so definitely keep snapchat on your watch list for that potential move all right now.

This play right here is very, very similar. It looks exactly the same as another play that we were looking at last week and that one was we were looking at netflix. I saw netflix first and netflix did this thing um? If you look on the five right and then we just if you just look at what happened throughout the last week, so what really happened with netflix is this. This is the short watch list and i saw netflix break right through that neckline again.

This is exactly what snapchat is showing. We got the left shoulder over here. We got the head over here, which kind of peeked. Then this is tuesday, and then we got the right shoulder which forms when this stock gapped wait.

No, this is this is monday. This right here that day is monday, and this is thursday all right, and this is what happened on thursday. I want everybody for that specific move right here. It kind of took a sweet time when it did that um it.

It did something a little bit weird. It didn't quite go all the way up to 375 to retest it on thursday, but i dragged his feet and then did it on friday before falling back down all the way down. Now i don't think this drop is done. Yes, i am leaning a little bearish on the markets for next week and that would kind of like that, would kind of uh be aligned with snapchat, because snapchat tends to follow the market as well, and i think that we go down so definitely watch this stock.

For monday, for that move all right now, let's talk about you guys stocks adventures the first one that we have to talk about. That one is that one is clf all right now, clf broke out of this falling wedge right here and it looks like it got. Some steam, the last video that i've made was on nue, going parabolic, um, nue and clf are both steel companies and this look like it got room to run. It's not looking quite tired, yet, as you can see, that volume is just going up and up and up and it's not showing any time any sign that it's slowing down anytime soon.

And if you look at the much bigger. Let's look at the weekly. Let's see how that looks, yeah the look, the weekly is looking ridiculously strong, like it could, pop again to 30 before it starts like falling back down um, it's very, very dangerous to try to short like right there, especially when it's right next to these previous, like Where these short sellers are there's some short sellers over here in this inverted hammer, all right, there's probably some more over here, just showing that resistance, and i think, they're about to get taken out so steel companies are gon na make a massive move. My thoughts and opinions on on them, i'm not changing all right watch this thing for a long and if you look at the 15, it's kind of setting up for a massive gap up over the weekend.

It's right there all right it's setting up for it, so it could open up at twenty seven dollars. It didn't run. So that's my honest thoughts on clf, the next one that we're going to address is ups and ups. This one it's been a long time since i've talked about it and it's been a long time.

I've been answering questions about ups for a while all of my drawings on here it kind of did exactly that, um. What i told y'all in those videos like two weeks ago, came to pass. It dropped. They just kept dropping in the middle of that channel and then once they filled the gap at 202, which is right over here.

Right see that gap right there, a bounce and it's just consolidated, sideways right here all right and i don't have an opinion on where it's gon na go unless it gets out of that zone. So until it gets out of that zone, the only people who are making money on this are those who open up um iron condors. So if it just keeps chilling over here and doesn't follow the market at all, like it's just going to consolidate in this region, eventually it's going to make up its mind. I'm not touching it like.

I think the opportunity is is gone like the major opportunity for it was when i was talking about it up here for the shorts right now, it's just chilling. So so just let it show and just look at other opportunities in the market right now, um. The next stock that we're going to talk about in today's video we're going to look at mu and mu, looks quite disgusting. Um it looks it doesn't look good at all um this.

It looked good previously and then there was a bearish harami and then we had friday in the friday sell-off and right now, it's just not looking the greatest there's some gaps at the, but this gap got filled already. Let's look at the weekly and let's see how the weekly is looking. The weekly is looking like a double top. That's very dangerous um like really really dangerous.

We could see these levels hit right there, especially like that's, that's, usually what happens after a double top. We have one top over here and then we have another top over here and then we can just keep on dropping and maybe earnings might just do it for like mu. It might just cause the stock to tank further towards 50 bucks. So the weekly is not looking good, be careful if you're trying to buy this thing.

That's that's really. All i got ta say about mu, i'm the last one that we're gon na talk about y'all. A lot of y'all have been asking me about sophie, or so far and uh sofi is bearish. In my opinion, like immediately, i see it, it's bearish she's been bearish since earnings like it had earnings before it popped a little bit and then all of these gains got taken out and it looks like it wants to go down towards eight bucks, maybe even six Dollars before we see another bounce, i think i think it's gon na drop to six dollars, we'll see we'll see again, i could be wrong, but the way that i'm seeing the charts right now.

It's telling me that we might go, though, like at least eight dollars and then maybe six dollars right. That's my honest thoughts on the stock, and that is the end of the video again do not forget to annihilate the like button for the youtube algorithm as always helps channel a lot and allows more people to get this knowledge as well. Also, if you are new to the channel - and you haven't done so already - definitely - click on subscribe and click on the notification bell, along with all notifications. That way, you don't miss out on future uploads.

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