KWEB, NOW, ASTS, BABA& MSFT Face the Retreat?

Jake_Wujastyk
11:05

Hello everyone! Today i want to share some technical analysis with you!

1

$Microsoft(MSFT)$ Just a reference of what has happened in the past here.

Rubber bands that get too stretched, snap.

2

$Alibaba(BABA)$ Unbelievable move.

3

$AST SpaceMobile, Inc.(ASTS)$ Pretty wild price action lately, but the VWAP zone held on by a thread on Thursday at close.

4

$ServiceNow(NOW)$ The move down this month is almost identical (less than .1% difference) to the move seen in March.

In March, price snapped back 28.63% from the lows to the high in 7 days. If a similar move happened, that would put this around $115 by the second week of July.

5

$KraneShares CSI China Internet ETF(KWEB)$ People hate China stocks, I get it, but the technical setups on these into next week are not to be ignored for short-term technical bounces from short covering events.

Rubber bands snap when they are stretched too far, simple as that.

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