From Falling Knives to Bounce Zones: $AMZN, $MSTR, $QQQ, $APP, $EOSE, $ORCL

PeterDiCarlo
02-06 14:43

Several notable setups are emerging across tech, energy, and growth names.

$AMZN sits at critical support ahead of earnings, while $QQQ tests its key fair value zone. $MSTR continues its downtrend, illustrating the risk of chasing falling knives.

$APP and $EOSE offer potential bounce opportunities from their respective discount zones, and $ORCL highlights the importance of following systematic exit criteria after bull theses fail.

Traders should focus on disciplined entries and exits as structural setups evolve.

1. $Amazon.com(AMZN)$

AMZN has earnings today and it’s sitting in my ideal long zone.

Monthly BX just put in a higher low, we’re above the value bands with green showing, and price is sitting right at Point of Control.

If AMZN is going to bounce, it should be from here.

If this support breaks, there’s a huge volume gap down toward ~$190 that could fill over the next couple of months.

2. $Strategy(MSTR)$

This is why I don’t try to catch falling knives 🔪 $MSTR

Nothing in my system has been bullish on $MSTR since November.

I expected a short-term bounce before a deeper selloff, but it just keeps bleeding.

If $100 Volume Block support breaks, that downside gap likely fills again. 👀

3. $Invesco QQQ(QQQ)$

If $QQQ is going to bounce… it should be from right about here.

We’re sitting in my key discount / fair value zone with structure still intact.

If this level fails, then we’re talking about a real correction, not just a dip.

4. $AppLovin Corporation(APP)$

APP is now down 20% since the Monthly BX confirmed a sell signal ❌

I can’t stress this enough: once our exit criteria is hit, you move on.

Taking a loss is fine.

Holding the bag is not.

5. $Eos Energy Enterprises Inc.(EOSE)$

EOSE is back in the same buy zone that launched every prior rip.

Every other time we pulled into this support with Monthly BX green, it bounced hard.

At some point the bull cycle ends… but this is the best discount range we’ve had since September.

6. $Oracle(ORCL)$

ORCL is down 26% since we killed our bull thesis in early January 🩸

This is why you need a system. Once Monthly BX turns red and the bull cycle is over, you rotate. Fast.

Losing sucks, but staying stuck in a dead name is worse.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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