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hey it's clay at claytrader.com this will be my top 10 stocks as we head into friday july 1st this will be a technical analysis breakdown so if you're somebody that uses charts within your trading or maybe you're just interested learning more about charts and how how they can use help make good decisions as a trader this will be a video for you real quick a couple of clarification points before i get started first off this number you see over here will still be changing around and then the candlestick as recalled will be moving around that's because the market's still open for a small amount of time but i like to do these videos when the market is still open because sometimes we can capture some really interesting late day type price movement so keep that in mind and then also i'll be using the 30 minute time frame so if you're a beginner what that means is that each one of these candlesticks here represents 30 minutes worth of time so stock number one here ticker symbol r-e-v-b and what i like about this one is the ability to draw a trendline here that i think a lot of people have drawn so this is a situation where i'm not trying to impress you i'm not trying to imply that me drawing this trendline here has taken years of experience or some sort of secret discovery in fact the exact opposite and i say all that because when a lot of people are watching the same trend line and wondering the same thing call it a self-filling prophecy call whatever you want it can definitely produce some you know worthwhile dynamics so there are no guarantees in trading however my point is this is if the price can recover back up to that trendline and get the breakup through it is it valid is it rational to think that if the price breaks up through that area that that could create some additional buying pressure absolutely so definitely keep a close eye on that trendline there if you like to play this price your engine if you like to play potential breakouts in terms of areas of support the interesting area of support if this thing does keep on pulling back keep a close eye on gonna be right down there at that dollar mark so keep an eye on that but in my opinion at least the most interesting dynamic is all about that trendline because you got to think that there's lots of people watching and wondering if the price can break above it so we'll see what happens on friday next one nrsn and a very unique situation here because last i looked at this i was thinking about you know i'd be talking about a whole lot of different things than what i am now that's because you can see that that 30 minute candle and then the final 30 minutes as we're witnessing right now i mean a complete complete turnaround so i'd still want to map out the one level that i i thought i'd be putting more focus on but is seemingly getting more and more irrelevant here as the price pulls back but is this area up here at this breakup point at four dollars and 40 cents so yes 440 is still that key level of resistance again i thought i'd be talking about it and putting a lot more emphasis on it uh but with the pullback here what's now more intriguing is this potential pullback area which is based around this former breakout area which sits down here right around three dollars and fifteen cents and this is just based on a foundation rule and charting which states when former areas of resistance so going back here you can see was resistance resistance resistance are broken they tend to act as support so as mentioned are there guarantees no but is it valid is it pause little thing that if the price does pull down to 315 it could find some support and then potentially get some sort of bounce back to the upside that is certainly a plausible game plan to have uh so keep an eye on that but if the price somehow reverses around yeah 440 is a key level an interesting level of resistance but after this late day pull back here it's looking like 315 is gonna be more so that you know that the most relevant dynamic next one amc and we're going back to the whole talking point of self-feeling prophecy so once again this is not me trying to imply that this is a great skill a great discovery a bunch of people have drawn that trendline right there because it's doing a great job of just illustrating how amc has pulled back but it's been a controlled pullback it's not like it's been a crash and i mean in all actuality i'll draw that here we essentially have a bigger overall pattern so we have the resistance there and i realize these lines are pretty rough we have an area of support there we have the big momentum move right there and this would be known as a bowl pennant pattern so that's one way you could certainly look at this is a big bowl pennant but if you just want to simplify it more in my mind all eyes are on that treadline all eyes are wondering can the price finally get a break up through it and as i've said and we'll continue to say because i really want to drive it home there are no guarantees but is it valid to think that if the price can break up through there that could create an upside movement yeah that is absolutely a more than rational thought process to have so if you like to play breakouts then definitely keep an eye on this amc dreadline next one m-u-l-n was it was just a brutal day and i don't mean it in this sense that it was red but just how things started off i mean start you know the day started off with a gap up price opened up right there which was higher than where it was and then i mean open opening 30 minutes look at that nasty brutal red candle down it went and then just been slowly bleeding ever since there um so you know just kind of crazy how the mark can be sometimes start off looking so strong and then completely just give everything back up which now brings about an interesting level sitting down here at so let me get this into play first the dollar mark and dollar is significant for a couple reasons first off it's just a big round number you know there's just something psychological about a dollar so you have the psychological attribute to it and then you go back in the history of things you can see that there's also the track record back here on the 13th where the price was down here found support and then made a huge bounce now don't get me wrong and i wish i could say training was this easy if the price comes down to a dollar is it for sure gonna skyrocket back to the upside no of course not no guarantees but is it plausible is it valid to think that okay it's bounced from there to poor maybe there's going to be some sort of double bottom pattern yeah that is a rational thought process to have but that is why risk management matters so much because just in case you are wrong you want to make sure that you cut that loss and not hold and hope or anything like that so if you're wrong okay small loss but if you're right and you do get some sort of bigger bounce then you could look be looking at a quite a bit of you know more upside potential compared to what was being rest next one tqqq and this is one of these leverage etfs here so if you like to just play the markets in kind of an indirect type of way t t q q q is one way to do it it's been getting absolutely massive volume so you know that there's lots of people watching it and a couple levels that stand out to me so let's first just get this initial area and the first one here is this tread line right there which has been doing a very accurate job of forecasting where some of these you know little bounce points have been so if you go through the history of the tread line here you can see these points did a fantastic job of forecasting that level so if this thing does break the downside then right down here you know give or take right around this level at you know let's call it 22 dollars and 50 cents uh you know could provide a nice little another bounce point back to the upside but on the flip side i mean if the price does come down to that area and breaks down through it that could also be you know kind of like a a little bit of a opening of the momentum to the downwards direction of the dam that just creates a whole surge you know in the bearer's favor so keep an eye on that 2250 area i think a lot of people will be watching that level because of the treadline right there and then as far as levels of resistance are concerned in the near term that key level of resistance if there is any sort of attempted bounce to the upside gonna be right up there around 25 and let me change that to red for resistance so keep an eye on that but in my opinion at least i i'm most intrigued by that trendline right there that doesn't mean that needs to be your most intriguing point but for me i i find that pretty interesting to see if it does come into play how will the price behave at that but yes if the price does try to turn around then 25 is certainly public enemy number one real quick wanted to pause and personally invite you to get signed up for this free live online training that i'm offering so if you've been enjoying what you've seen and you want to learn more about this tool how it can how it should be used to help build consistency as a trader then certainly get signed up for the free class if you're watching on youtube there's a link down below in the description box you can click on or if you're watching my at my site there's an area right there on the webpage you can click to get signed up with that being said one unique situation it is a live event and depending on when you watch this is gonna depend on or is gonna dictate a few things so if you're watching this let's say friday morning for example then you've already missed it but i will be recording the live event so after i get it uploaded and you know everything i'd be happy to send you a link to it or if you're maybe watching this right now thursday after the market closes but you already have something on your schedule this evening totally understand if you have kids or a family or whatever uh but so you won't be able to attend then again drop me an email clay claytrader.com and i'd be happy to send you a link but if you can make it live then yeah get signed up and i'll hopefully stay there in a few hours next one evfm and i like this one for one simple reason and it goes back to that talking point of self-fulfilling prophecies and how that can be a very nice thing when you know a bunch of people are watching the same level and in this situation in my opinion at least all sorts of people are going to be watching that dollar 20 mark i mean you go through the history of that dollar 20 area you can see presented whoops let's go back you can see presented a problem right there presented a problem right there presented a problem a whole bunch of times today including the last 30 minutes price got right around that area and couldn't quite push through it so guarantees no but valid rational to think that if the price can get up to a dollar 20 and break up through it that that could create some good solid upwards buying pressure absolutely and then in the realm of areas of support after today we have yet more data that whenever the price has gotten down here around this 82 cent mark it's done a great job including it like i said earlier today you can see the price was hanging around down around that area and bounced once again like it's done previously before so if you prefer to play pullbacks and keep an eye on that level but from a pattern standpoint really just a sideways channel has formed again top of the channel 120 bottom of the channel 82 cents so we'll see how it plays out on friday next one tsla tesla and this will mean a bit more those you that watch the video i did on this one yesterday but the lines that i talked about completely came into play again and you know were very relevant namely this level up here the red line at 685 and you know like i said i put that line into place yesterday and the power of charge so i'm not bragging about myself or anything like that i am bragging about charts though so another quick plug definitely get signed up for that free event but check it out i mean look at this put this line in here yesterday you can see the opening 30 minutes rejected came back up here again and once again rejected rejected rejected right up at 6.85 so i'm not saying that 685 can never be broken i'm just saying that it's become that much more apparent now that 685 is gonna be a key area of resistance and if the price can come up here and get a break up through there then yeah that could very well create a nice kind of you know kind of leading indicator that there more be maybe a whole lot of more upside momentum to come and then the other levels that turned out to be very relative with this area of support down here i call this the resistant zone and i'm gonna go ahead and get rid of that level there and now focus more so on the 667 mark uh which when was broken earlier on in the day you can see nice move to the downside now it turned out to ultimately be a fake breakdown but if you're a day trader there was still plenty of opportunity to make someone in that range but point here being is it bounced back up came back down and now you can see that once again the price is finding some support right around that area so with somebody that's always watching tesla uh and i i didn't trade it today but uh is always keeping a close eye on it uh you know the uh 667 is gonna be a level that i'll be watching very very closely amongst i'm sure many other people so we'll see what happens with it but 685 key level resistance 667 key level of support next rev and i like this one as maybe just maybe we got some sort of leading indicator of a bigger turnaround to come uh not to stay at the average but just to build context price has been drifting drifting drifting drifting and all of a sudden you gotta move to the upside here all this is occurring on very respectable volume so this now brings out the more than valid question of hey is this a leading indicator to something much bigger now think about that question it's impossible to ask that question is this the start of something bigger if nothing worthwhile happens in the first place i mean there are thousands of tickers out there where you can't ask that question because nothing worthwhile happened so it makes no sense to say hey is this a start or something bigger but we did get that in this situation which makes it unique and that's the whole idea of a watch list find unique situations and then watch them see if they begin to behave in a way that fits your strategy so yeah from just drifting drifting down to all of a sudden a nice move to the upside on bigger volume that is an interesting situation so yeah is this the start of something bigger it might not be that's that's possible but what happens if it is then you could be looking at another nice situation here so let's see if today's movement is an indicator that this thing wants to show some more signs of momentum back to the upside next one bbig and i mean i'll i'll just be perfectly honest i'm not quite sure what to think of this one but that's also why it's on the watch just because it's a unique it's an interesting situation that seems worth at least watching because i can't quite tell is this thing is it kind of game over because i mean it was terrible all of a sudden came back to life now seems to be just drifting back into oblivion but it hasn't drifted totally back into oblivion because if it were to bounce or bottom out right here then you'd have a set of those here you'd have that set of those down there and if you envisioned those as stair steps you'd still actually have stereo subs progressing the right in the upwards direction so like i said it maybe it just feels like this bounce here should have kept on going but again that has by no means been a collapse or anything like that so it's it'll be interesting to see how the price behaves moving forward in terms of whether or not it's going to want to maintain above this general area or not now if it does continue to move upwards then what catches my eye and i think a lot of people will be watching is the top part of that previous bounce which was right there at 1.48 so in my mind dollar 48 oops is gonna be a key level right there to keep a close eye on on any sort of bouncy upside if this thing does continue to just bleed to the downside uh the level that i'd watch i don't know you know like i said how convincing this level down there at a dollar 30 is but dollar 30 could be a potential bounce point but like i said kind of a confusing chart not sure what to think about it but i know enough to realize it it's interesting so let's see how it closes out on friday next is pltr and first update that needs to come into place which will be relevant and this just based on a foundation rule and charting which states when levels of support are broken and closed below they tend to act as resistance and that is exactly what happened today so the price yes gap down below that level so it expects to act as resistance you can see when the price bounce up around that area right there bryce ultimately found areas of resistance and just couldn't quite gain any sort of momentum or make any sort of bigger pushes to the upside so you're going to want to keep a close eye on that if the price can't push up through there then don't get me wrong that's certainly a step in the right direction but you don't want to get too too excited because not that far away you then have the 50 period moving average that purple line right there if the price does pull back to the downside well then you have this very famous very well known pink line which is the 200 period moving average and that's why it's famous right there check it out big move down and oh what a coincidence right where the price decided to start to bounce back to the upside um so like i said not saying the price will go down to that level but if it does roll back over then that 200 period moving average will be that key level of support so that wraps up the top 10 again like i said earlier if you enjoyed what you saw here and you want to learn more about the tool how it can how it should be used and certainly get signed up for the free training like it'll be this evening thursday june 30th at 7 00 pm eastern time but also if you're not able to make it live because like i said you're watching this on friday morning you've missed it or if you're watching it and you're already have something on your schedule then drop me an email click claytrader.com and i would be happy to send you a link to the recording just remember it is a live event so it first needs to happen and then after i get it uploaded i'll send you a link to it and then as far as these top 10 videos are concerned if you enjoy this format if you would like for me to continue to make these videos then please do two things for me hit that like button leave a simple comment below say hi tell me what you traded today give me a smiley face emoji but those two things communicate to me that you enjoyed and as long as i know people are enjoying these top 10 videos i will continue to make them so everybody take care get signed up for the class and hopefully i'll see you here in a few hours
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