Top 10 Stocks for Thursday March 7th | Technical Analysis Breakdown

📈NYCB had a volatile day due to bad news, but it could continue to be talked about and may face resistance at the 200 period moving average.

🔍APM shows a potential self-fulfilling prophecy with resistance at a key level. It is forming a bull flag pattern.

💹PHGE also shows a potential self-fulfilling prophecy with resistance at a key level. It is forming a bull pennant pattern.

🚀SFI had a nice breakout and pullback. It has support at $715 and resistance at $760.

🐂PLTR is forming a bull flag pattern, and it is a popular stock with potential self-fulfilling prophecies.

What happened with NYCB today?

—NYCB had a volatile day due to bad news, which caused the stock to plummet. However, it also experienced a significant recovery and opened well above its previous low.

What is a self-fulfilling prophecy in stock trading?

—A self-fulfilling prophecy is a phenomenon where a stock's price reacts to a level or pattern because many traders are watching and expecting the same reaction. It doesn't guarantee anything, but it can create additional buying or selling pressure.

What is a bull flag pattern?

—A bull flag pattern is a bullish chart pattern that occurs after a strong upwards move. It is characterized by a consolidation phase, represented by a downward-sloping channel. It often precedes another upwards move.

What is a bull pennant pattern?

—A bull pennant pattern is a bullish chart pattern that resembles a small symmetrical triangle. It occurs after a strong upwards move and is followed by another upwards move.

What are the support and resistance levels for SFI?

—The main support level for SFI is around $715, and the main resistance level is around $760.

00:00Clay introduces the top 10 stocks for Thursday March 7th and mentions that the video will focus on technical analysis.

00:10Clay analyzes NYCB, which had a volatile day due to bad news. He provides key levels to watch and identifies the 200 period moving average as a potential resistance.

01:06Clay analyzes APM, which shows a potential self-fulfilling prophecy with resistance at a key level. He explains the bull flag pattern it is forming.

02:30Clay analyzes PHGE, which also shows a potential self-fulfilling prophecy with resistance at a key level. He explains the bull pennant pattern it is forming.

03:41Clay analyzes SFI, which had a nice breakout and pullback. He mentions the support and resistance levels to watch.

05:20Clay analyzes PLTR, which is forming a bull flag pattern. He mentions that it is a popular stock with potential self-fulfilling prophecies.

06:11Clay provides a brief summary of the remaining stocks - AMC, TSLA - and mentions that they are either in a sideways channel pattern or a downward trend.