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>> Hello everybody, Drew Nosaki here with
Verified Investing. And today we've got
some market movers to break down on the
charts. There's a common theme going on
here. Each one of these stocks has moved
up tremendously this week. Some of them
are into resistance. Some of them are in
a period where they likely need to
consolidate and break out. We're going
to break down these charts to show you
which ones have got the momentum and
which ones look like they need to fade,
all right? First up on Meta. Guys, this
chart has literally ripped through the
roof this week. We can see here on the
daily time frame I've got a declining
trend line. And if you guys watch me on
Trading the Close, guys, you need if you
And if you don't, you need to because I
go through this sort of breakout nearly
every other day in Trading the Close.
This sort of pattern happens so
frequently in the stock market. It's one
of the easiest ones to recognize and
also one of the easiest ones to then
profit from. We've got a declining trend
line from Meta's high back here in
September 25th. All I did is connect it
over to the next major pivot. And that
illustrates where price broke out of
this declining trend line on September
15th. And then it put in a fantastic
retrace right back down here to that
trend line. And then literally hit the
pedal to the metal accelerating all the
way up here on the chart. Got as high
roughly around $780.
Now, if I zoom back out and I flip to
the weekly time frame just very quickly,
you can see that Meta was mainly
contained within this inclining parallel
channel since December of 2023. We've
had a period of time this year where
Meta was on the verge of a breakdown.
You can see this inclining trend line
from the pivot in April of 25 literally
held every single decline and attempt to
go lower. And thank goodness for Meta,
that ended on August 17th of this year
and have since now put in one, two,
three, four, five green candles moving
up on the chart. Now, if you notice here
on the weekly time frame, we are awfully
close to all-time highs here at 796.25,
as well as this other pivot high at 790
and 80 cents. Notice too, that level and
these levels also correspond with the
50% area of the parallel channel that is
directly above this week's current
pricing, as well as next week, as we see
that value at 798.46.
I anticipate, considering that Meta has
moved so much, look at this RSI it's
overbought in the near term, sitting at
over 70. And anything over the value of
70 on the RSI is considered overbought
in the near term. Beautiful push up, and
likely in need of consolidation to
balance out that RSI in order to then
break into the top 50% area of the
parallel. Now, sometimes when stocks get
overbought, they like to retrace, and
then go higher. So, where could a
potential retrace take us on the chart
of Meta. And here we go, I've pulled up
my fib retracement tools. I'm going to
add in these key components and key
levels for us to view, and you can
cleanly see when I add those in, the
most aggressive level would be here at
722.58.
That only comes with a little bit of
support, mainly this consolidation shelf
back in October of 2025. We pierced that
range, and then got rejected. So, that's
the first, and that's the most
aggressive. The more conservative route
would be down here to the 382 at
$687.17.
Notice that how that level aligns with
previous high pivots. Now, that one
would make me a buyer. If Meta comes
back down into that level, I'm a buyer
at 687. The more aggressive level at
722.58, that's up to you. I'm more than
happy to let a trade continue to go past
me and miss me, cuz there's always going
to be another opportunity, and I'm not
going to chase it when we're sitting
here at the overbought status on the
chart. I'll let that work itself out,
come down, get into more of a reasonable
level down here, and then buy for
returning momentum push up higher on the
charts. Next up into Microsoft. Now,
Microsoft, very similar to Meta,
approaching the 50% area of the
parallel, but guys, we've already been
here. You know what? And this is a great
example. Notice how fast Microsoft
accelerated up, much like the chart of
Meta. What happened when it got through
the 50? It declined. And then it tried
again, got rejected, tried again, got
rejected, tried again, got rejected,
tried again, got rejected, and then now
finally today, making another attempt to
push through, potentially looking like a
close above the 50% area of the parallel
channel. The key thing here for
Microsoft, if it can get above this high
pivot, which is at $5.17,
put in a daily close above that value,
then that increases probabilities for
the next leg higher. We've already been
consolidating here, working out the
overbought status of the RSI. You know,
remember on Meta. Looking here at this
overbought status of the RSI, look how
Microsoft worked that out, and the RSI
came back down through this period of
consolidation, and there was a decent
pullback amongst that consolidation,
too. So, that's what you're looking for
in Meta before it can continue to push
up higher, and Microsoft is already
there, on the verge of making another
move up. Now, Microsoft is not at its
all-time highs, but it will be should
price get up here to the 550 range,
which is the next
level of resistance on this inclining
trendline on the chart. So, this has a
better shot of continuing to break out
compared to Meta, which is just getting
to that 50% area of the parallel now, in
its overbought status. All right, next
up into A-Lab. A-Lab also great push up
this week, now testing this pivot high
back from August 4th. You can see the
last three candles, we didn't get above
nor close above that level. Current
price action does have us above it. So,
putting in a daily close above this
pivot as well as these three previous
days would help momentum and investors
continue to push this up on A-lab
potentially to this 50% area of the
parallel before stalling out,
consolidating, and having a pullback.
Now, we flipped the RSI up on A-lab. We
see we're encroaching upon overbought,
but we're not there yet, guys. We're at
66.01 telling me A-lab's got a little
bit more gas left in the tank. It can
accomplish pushing up, tagging this 50%
area of the parallel at 426 before uh
having a period of consolidation to work
out this near-term overbought situation.
Now, A-lab is um doing a fantastic job
this week. Looks like it's going to
continue that momentum into next week.
Uh next up, ARM. Very similar situation.
Look at us battling the 50% area of the
parallel, but notice these three green
candles on the daily chart, guys. I'm
going to zoom in a little bit more. This
candle here on Monday, September 21st,
closed cleanly in the 50% area in the
top 50 of this parallel. The following
day, we got that extension. All right?
That made this move a confirming move in
the top 50% making this 50% area of the
parallel support. Now, the following
day, we actually closed underneath,
guys. You can see that, but we bounced
right back up. That's what happens when
we get that extension. We may put in one
candle day close to the bottom, a second
one confirms it and makes this
resistance. We didn't get that today.
Matter of fact, we bounced up looking
like we're going to close in the top
50%, and if we do, that resets the clock
as far as the number of candles closed
underneath that 50% area of the
parallel, and then allows ARM to
maintain in this consolidation range to
build momentum for a break through this
Fibonacci 618 fib retrace at 336 and 4
cents, and then can push to the next leg
higher, which is up here at 363.58.
So, if you're bull on ARM, watch this
level closely, the 50% area, the
parallel, today 311.50, over next week
on Monday 312.50, and that value will
increase roughly about a dollar every
single day. Um so, you want to see more
or less a wedge pattern develop here, so
you can have price push up to the next
level. Lastly, guys, we've got CRDO.
Now, CRDO, great push today of 9.33%
pushing through this key gap fill and
looking like it's targeting this key
area at $219.79,
the 50% area of the parallel, as well as
secondary resistance $222.44.
Now, this move is a breakdown move and a
retrace to the place that has broken
down from. This area generally results
in a rejection. So, be mindful of CRDO
pushing up here. We are due for a period
of consolidation if not rejection. This
area has been fighting to get above, did
a great job in doing it, and then
quickly slipped and is now retracing
this generally, as I said, high
probability chance of a fade here on
CRDO starting next week. Now, the RSI is
not extremely overbought, and so you may
say, "Well, wait, Drew, you may you you
may have more room to run." You're
exactly right. However, this quick move
recovering into a key technical level of
resistance should stall out price, and
then that, too, could help that RSI
balance out when it builds momentum for
another move and attempt to attack that
inclining trend line. But right now,
that tells me the brakes are going to be
put on sooner rather than later on the
chart of CRDO. All right, guys, that
wraps up today's video of Pro Charts
with Market Movers. Thanks so much for
tuning in and watching today. My name is
Drew Dosik. We've got tons of free video
and content, articles, you name it, with
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Look forward to seeing you guys next
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great one, folks.