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Fourth for the week! Let’s review some more names:
Astera Labs, Inc. (NASDAQ: ALAB)
ALAB is currently consolidating in a descending channel pattern within a larger ascending channel pattern.
As ALAB is below the 2024 IPO candle high at 147.36 alongside the 123.58 Fib level following the rejection at channel resistance, it could now see further downside continuation into the 104.90 Fib level, with a possible undercut into the 101.82 quarterly imbalance.
In other words, the likelihood of a deeper retracement until ALAB retests ascending channel support is growing.
If ALAB reclaims 147.36 and breaks out of the descending channel, then it can retest the 1.618 Fib extension at 216.04 once more.
Snowflake Inc. (NYSE: SNOW)
SNOW is currently bound below 2 short-term brown resistance trendlines.
If SNOW reclaims the 172.43 Fib level, it could see a push back into the lower brown trendline alongside a retest of the 187-188 half-yearly support-turned resistance from below.
If 187-188 continues to act as resistance, SNOW is more likely to push into the long-term dark green support trendline and retest the 146-151 quarterly area.
Sphere Entertainment Co. (NYSE: SPHR)
SPHR formed a weekly imbalance at 99-113 2 weeks ago, and has been consolidating above the 113.14 weekly level for a while.
As long as this level continues to hold, SPHR could continue to churn to the upside while dancing at the ascending channel resistance, with the 3.618 Fib extension at 140.40 in play next.
However, if SPHR loses 113.14, then it could see a deeper retracement back into the 106.57 Fib level from above.
Keep eyes on this level if it's tested - a breakdown could finally cumulate in a retest of channel support.
@TigerWire @TigerStars @TigerEvents @CaptainTiger @MillionaireTiger
$Astera Labs, Inc.(ALAB)$ $Snowflake(SNOW)$ $SPHERE ENTERTAINMENT CO(SPHR)$ $Netflix(NFLX)$ $NVIDIA(NVDA)$
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