Rapid fire thoughts on 30+ stocks

About this Video

• Video Title: Rapid fire thoughts on 30+ stocks
• Channel: Cantonese Cat - TA on Stocks & Crypto
• Speakers: Cantonese Cat
• Duration: 00:27:18

Introduction

This video presents a rapid-fire analysis of over 30 stocks by Cantonese Cat, a stock and crypto TA. The speaker explains their reasoning and thought processes behind creating a categorized list of stocks, ranging from "very good" to "bad." The analysis focuses primarily on chart patterns and technical indicators.

Key Takeaways

• Coinbase (COIN): The speaker identifies potential support zones around $290-$300 and $270, using Ichimoku cloud, order blocks, and Fibonacci retracement levels. A breakdown below $270 might indicate further decline to the $240s.
• Palantir (PLTR): The speaker believes Palantir has already seen most of its percentage gains and suggests considering an exit strategy.
• HOOD: The speaker believes HOOD still has significant upside potential, potentially reaching higher levels based on momentum and chart patterns.
• Tesla (TSLA): Considered to be near the bottom of a range, with potential for significant upside if it holds the 0.786 Fibonacci level.
• Shopify (SHOP): A "big giant cup" formation suggests potential breakout and all-time highs.
• Ballinger Japan: Shows a very impulsive uptrend.
• Firm: Shows positive momentum, despite recent rejection.
• Iron: Broken above 0.86 resistance on the monthly chart. Significant upside potential.
• Galaxy Digital (GLXY): Second month of retesting 0.86 resistance, with potential for significant gains if broken.
• Cloudflare (NET): Potential for all-time highs as it breaks above resistance levels.
• HIMS: A bullish trend indicated by expanding Bollinger bands and rising Ichimoku Tenkan Sen.
• Futu: Potential for all-time highs with expanding Bollinger bands and a breakout above 0.86 resistance.
• Sea Limited (SE): A bullish engulfing pattern is noted, although volume is declining.
• MicroStrategy (MSTR): Holding monthly support and forming higher highs and lows, suggesting further upside potential.
• Cipher: Good but not considered "very good" due to resistance levels and unexpanded Bollinger bands.
• WOV: Shows potential breakout above 0.5 level, but lacking parabolic movement due to unexpanded Bollinger bands.
• BTBT: Reclaiming the 20-month moving average, with increased volume suggesting a potential significant move.
• Alibaba (BABA): Potential upside, but limited by Ichimoku cloud resistance.
• Celsius: Forming higher highs and lows, with potential for a move above the 20-month moving average.
• Fubo (FUBO): Primed to challenge resistance, but limited by Ichimoku cloud resistance.
• XPEV: Forming a double bottom, but limited by resistance at 0.5 Fibonacci level.
• AMD: Straight-line upward movement, lacks confirmation of a healthy bull trend. Earnings are pending.
• Oscar Health (OSCR): Stuck in a range within Fibonacci levels, bullish momentum is questionable due to contracting Bollinger bands.
• Blackberry (BB): Reclaimed the 20-month moving average, suggesting potential for further gains.
• Grab (GRAB): Forming a base with potential for a move up to the Ichimoku cloud, coinciding with a Fibonacci level.
• U: Exiting a bear trend, having reclaimed the 20-month moving average. Requires a higher high for confirmation.
• GME: Stuck in a range, and lost the 20-month moving average temporarily. Needs to regain the average for confirmation. A bigger move is possibly coming.
• CleanSpark (CLSK): Breaking above 0.618 Fibonacci level, but needs to break through Ichimoku cloud resistance.
• Rivian (RIVN): Forming a base, with increasing RSI indicating building bullish momentum.
• RXRX: High-volume spring, reclaiming the 20-week moving average. A Wolf wave accumulation pattern is noted.
• PayPal (PYPL): Forming higher highs and lows, with a flattening 20-month moving average.
• BYDUREON: Underneath the 20-month moving average, forming an Adam and Eve bottom.
• Nike (NKE): Bearish trend, with negative slope of the 20-month moving average.
• Pfizer (PFE): Showing signs of bottoming, but still in a downtrend.
• PepsiCo (PEP): Strong bearish trend.
• UnitedHealth Group (UNH): Potential for a bounce, with a significant monthly buying block, but the downtrend is powerful.
• Nphase: Increasing volume selling. The bottom is uncertain.
• Neoleukin Therapeutics (NEO): Better compared to the last three years but still not a buy.
• SBE: Long-term bullish, holding 20-month moving average, but short-term unclear.
• BMR: Very hot, but not a buy currently; needs to tap the upper Bollinger band on the monthly chart.
• Meta Platforms (META): Downtrend, but selling volume is declining. The speaker has no interest.