 Hey guys, this is Hydra from Magistrates back within another weekly video and yeah to start off We're just gonna go through the Indexes so QQQ to look at this first So yeah overall this week was a pretty bullish week Let me draw a downtrend line here Currently we are testing this downtrend line, which is very important, right? We want to see a break And this can be the first time we actually break in almost an entire year, right? so this is a very key we're at a very key level right now and Ideally what we want to see is this level on What was it? Wednesday get taken out so this 283 level is where we rejected on Wednesday And if we can take that out, there's a good chance that we could have a major a major rally in the coming weeks And months right and this could be the start of a new uptrend So this is a very we're at a very important level and yeah And there's 283 level 284 level is very important and we want to see that we want to see that get taken out So on Wednesday initially it was looking It's looking a little bad because we pulled back in pretty hard We pulled back in harder than we were expecting right we wanted this consolidation level to hold on Thursday We actually gap down and yeah, we were testing back to like Monday or last Friday's last Friday's low and that wasn't a good sign and But on Friday, we were able to They were able to come back and bounce pretty hard here and now we're again above this trend line But again, we want to see this 283 level 284 level to get taken out for Confirmation and on to buy it's pretty much the same thing, right? You just want to see this 399 to 400 level get taken out and we are pretty much in a confirmed Uptrend at least for now in the short term. So again big big term picture We bottomed all the way in October. We tried to rally We got rejected, but we build higher lows, right? So this could be seen as a head and shoulders This is the head. This is a shoulder here and this is another shoulder here, right? And yeah, if we take this three hundred three ninety nine four hundred level out and there's a good chance that we can make a big move back up and the first target would be 410 and then another resistance 417 and then another level at the 430 level But yeah, right now everything's looking pretty good and I think next week can be a Pretty bullish week as long as we don't have any big distribution days days with A lot of selling volume as long as we're pulling back on light volume and going up on Increased volume. That's very important and you want to yeah, if we can see that there's a good chance that we can continue Trending up. So now we'll go into some individual names. So first up. We'll take a look at Netflix So Netflix reported earnings this week Had a yeah, they had a very nice report It gapped up a point or it gapped up and then we ended up the day with a point five percent gain So yeah, we finally are we we fill this gap And now we're actually above it for the first time since uh, yeah this this gap we got down last April and Yeah, now we're finally above this gap And this is very good price action for Netflix, right the stock is acting great and I would say next resistance level Would be around this 360 level, right? It's a good chance that we can go we can rally all the way up to a point and then we should see another pullback and then This is the other trend line here. This one's not as clean doesn't have that many touches. So Not that great of an indicator, but this one is pretty clear right every time it touches or rejects. So Good chance that we can rally all the way up to this trend line and then see a rejection But yeah, right now Netflix is looking pretty good a really nice volume Yeah, nice volume on Friday and Yeah, good chance that we could rally we want to see a consolidation day and then a break above that and yeah Netflix should be a good setup for next week Then we'll take a look at Google so Google had a really nice Friday close very strong close the yeah, basically near highs Really nice volume search. So everything's looking good here yeah, the Google is having Google had a great week overall and Next resistance level is like the 99 and around 99.7 or just say 100 for the psychological level and Yeah, ideally Let me draw this down. So yeah, Google actually did end up taking out the downtrend line here So next target should be a hundred and Then ideally after that we could see her move up to 105 and then if we can get past one of five then we really start We can actually start making a pretty big move right now resistance to 120 So ideally you want to see Google move up here and then consolidate build out a flag and then break out and then yeah So right now Google is one of the few big caps a big cap tech stocks that has broken It's a downtrend line at least for the short term But yeah, Google looking pretty good except for the kid coin So coin had a very nice week as well. Look at this volume, right? This is a definitely some institutions buying up the stock since we bought them Earlier this month and it's been moving really nicely, right? We almost Yeah, we almost doubled Since the bottom so far and there's a good chance that this could hit 60 next week so ideally we just want to see this This resistance level get ticked out and this can easily see move to 60 where it would be now with Much more resistant. So every yeah, this is a key level for corn base So ideally when we get to 60 you want to see a flag forming you want to see it getting pulled back on lower value and if that happens that could be good action and That would be a sock that I would be looking forward for the break of 60 and after we break 60 next target would be 75 and then yeah So yeah right now coin base is looking pretty good. There's definitely a lot of buying going on and this can squeeze a lot harder Next up So this is a not so popular name. This is a name that I cut Doing my scanning process and this is the name that's been acting very well Recently and this name is like yeah, pretty much at all-time highs It had a lot of resistance back in 2020 and 2021 But now we're basically back there and we're on there with the big volume, right? This is not normal buying. This is institutions buying So this is a name that I'm definitely paying attention to So capped up really hard on this day consolidated nicely pulled back in lower volume great action and On this day, it was actually a very nice buy setup It was a two-day flag many flag then on Friday. It was a buy, but Yeah, ideally you want to see a pullback to this prior level and This could be a good buy at that level so you want to see a flag for me and then a buy at $30 Or 30.5 this support level and if that happens that could be a good buy and then yeah, ideally this one can push out Take out this longer-term resistance Yeah, this one can It can easily move up to 33 and then it should be met with some longer-term resistance and then consolidate flag and then build out and then Yeah, break out once more. So this one is looking really good really nice volume right volume is key Right when you see volume like this This is a very clear sign that institutions are buying and you want to you want to be putting your money with theirs, right? So yeah, this is a stock that we should be paying attention to Next up RMBS, so this is another stock that isn't too popular, but this one's been acting very very well recently as well Let's take a look at the weekly chart Yeah, so this one's just been acting incredibly well Yeah, and there was no downtrend for this talk at all right ever since like Yeah, ever since even earlier like 2020 actually it only started 2021 So yeah, ever since the stock IPO it's been acting really well right no major downtrend at all If anything it's just been consolidating, but ever since 2021 It's just been in a very steady uptrend and it's been acting very well compared to the market and Yeah, this was a nice bull flag set up to take on the weekly chart, but right now this is a clear leader in the semiconductor space and It's forming a very nice flag set up right now So this could be a set up for next Monday You just want to see that resistance level get taken out it pretty much is it's pretty much close at that level, but Yeah, you want to see that resistance level get taken out and this one should be good to go and again Take a note of the volume right look at all those green bars and look how much and look how they are greater than the red bars in terms of volume that is a good sign and that's a sign that people are buying more than they are selling and Yeah, this talk overall looks very good Set up a HR. So this is a stock that I covered last week as well Again, I'm covering the stock for a reason this dog has been showing incredibly It has been showing incredible strength all throughout the year very nice volume bunch of accumulation showing in the chart itself and yeah, this one's been acting really well new all-time highs on yeah, last Friday and Yeah, this one's a very strong name and a name that you want to watch for a pullback So last week it offered a nice opportunity to buy the 27 level, but yeah You can wait for some sort of bull flag to farm consolidate on lower volume for one to two days and then Yeah, if it takes out that flag then it could be a good buy But right now. Yeah, this is a leader stock in the name that you want to be paying attention to for sure Next up Tesla, so Tesla I was also talking about last week. We finally got that 124 break and we got to see a Good squeeze right we went all the way up to 137 on Wednesday and Yeah, still it's acting pretty well right now We definitely broke the short-term downtrend, right? We broke it a while ago actually This was the short-term downtrend, but right now we're building us all at uptrend and so far it's holding up pretty well And yeah, there is no real resistance to this 157 level and yeah, this would be Ideally you want to see it Form some sort of consolidation There's a mini flag forming here Not a great flag, but mini flag forming and you can take it out that could be a buy but ideally I would wait for a better setup Better flag to form and then this could be Stock that I'll be paying attention to Okay, last doc PDD, so we'll take a look at some China names So China names they pulled back in last Friday last week and overall they've been consolidating pretty nicely Yeah, nothing going wrong with them. They're acting pretty well They're they consolidated nicely and they pulled back in nicely all healthy action so far and right now they're consolidating and yeah We can there's a flag forming right now on PDD and ideally we can tighten up Get one or two more days of consolidation and then break off for the next week Well, and yeah overall other China names are acting pretty well as well. We can take a look at it Yes, it's another China name that's been acting pretty well By do is also another name that's acting pretty well, and then there's also the small caps like TME That are also forming pretty well forming a Bull flag here So yeah, that's pretty much all I got for you guys for this week. Yeah, thank you guys for tuning in