Cisco has finally broken out rising above resistance at $57.20. I think this will clear a path for the stock to move on to around $61. The RSI is trending and support the bullish technical break out.
Shopify is another stock to keep an eye. SHOP has had an incredible run, but the RSI is rolling over, and its uptrend has been replaced with a downtrend. I think the stock falls towards $285.
Trade Desk (TTM)
The Trade Desk is another stock that has been rising steadily in an uptrend. The RSI has been trending lower, despite the stock soaring, a bearish divergence. Additionally, volume levels have been falling as the stock is rising, a sign that buyers may be thinning out. A drop below $230 sends the stock back to $173.
PayPal appears to be forming a rising wedge pattern, which suggests the stock fall back to around $104.
Roku, I may have gotten wrong the last time, but the chart appears to be forming a topping pattern. Just look at the RSI which continues to trend lower, while the stock failed at the old uptrend, which is now resistance. Watch for a drop below $88.
AMD stock appears that it may be on its way towards $36, should it topple resistance at $34.50 which I think it will.
Finally, Amazon could be on its way to $2,060.
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