Gliding Phoenix

Last time I told you a stock bottomed, $ASTS literally bottomed and ran from $63 > $130+ I think $TE might be doing same now, off the mid-low $7s. I reserve the right to bat 1 for 2 tho 😂

The EMA50 Tests: A Major Structural Pivot Zone 📈📉 There is one key technical indicator you need to be tracking right now across the markets: the 50-day Exponential Moving Average (EMA50). The EMA50 represents the medium-term macro trendline for an asset. Institutional participants look at this specific line to gauge whether a pullback is just a healthy, routine digestion within an ongoing uptrend, or the start of a more severe structural breakdown. If we look at both the $SPY and $QQQ, they came down and tested their respective EMA50 levels today before printing a sharp, aggressive intraday bounce. This tells us that, for the broader market indexes, the primary medium-term uptrend currently remains firmly intact for now. However, under the surface, individual stock selection is getting highly fragmented. Over the past 3 trading sessions, multiple individual names have hit this exact line. Some have used it as a launching pad, while others have cascaded straight through it. Scenario A: The Textbook Bounce 📈 Several recent market leaders checked back to their macro trendline today, met immediate buying pressure, and defended the structure: - $QCOM: One of the biggest high-flyers over the last couple of months printed a perfect touch-and-bounce right at the EMA50. For now, its bullish structure is preserved. - Software Runners: Recent momentum names like $NOW, $WDAY, and $MNDY all successfully flushed down to their EMA50 lines today and found immediate bids. - Retail Favourites: Recent retail focus names like $HOOD, $DGXX, and $ENPH saw similar bounces at their averages. Scenario B: The Structural Lost Floor 📉 Alternatively, several previously strong names sliced right through the EMA50 and are now trapped beneath it in the short term, turning former support into active resistance: - $AVGO & $VRT: Both lost the level during Friday's flush and have spent the start of this week cleanly rejecting off the underside of the line. - The Aerospace Sector: High-beta space names have taken a severe beating, with $LUNR, $ASTS, $BKSY, and $ONDS all giving up the EMA50 floor recently. Note: $RDW is actively gliding down to test its line, and $RKLB managed to print a tentative bounce off it today. Remember, a single day's bounce or a brief slip below the EMA50 is rarely definitive. Think of these moving averages not as brick walls, but as fluid test zones where an asset is actively trying to discover its near-term equilibrium. A stock can overshoot or undercut the average dynamically before a true macro trend confirmation emerges. Educational Case Study Disclaimer: This post outlines historical price action and technical boundaries for educational tracking and documentation purposes only. Moving averages represent historical data boundaries, not future certainties. It is not financial advice, a company endorsement, or a trade signal. Always manage your own risk parameters and DYOR.

$CRWV is going to be one of those charts people look back on and ask why they weren't buying around $100 while it was retesting the breakout level near the bottom of the daily cloud. If this critical support zone continues to hold and the uptrend resumes, I believe $300+ is very achievable for $CRWV by the end of 2026. And if $CRWV ends up securing a U.S. government equity stake sometime soon, this might get there a lot sooner than people expect.

$QQQ - I think it would be great if we build a base here We've already down 7.5% from the ATH in a week. Feels like the short-term fear is getting a bit overblown. Ideal scenario: undercut support around $695, test the weekly 9 EMA for the first time, shake out the weak hands, and move higher. Worst-case scenario? A 50-day SMA test around $673. but I would lean toward ideal scenario!