Stock price action analysis for FTCH, MWK, OPEN, SKLZ, UPST – Accumulation or distribution? [Video]
![Stock price action analysis for FTCH, MWK, OPEN, SKLZ, UPST – Accumulation or distribution? [Video]](https://editorial.fxstreet.com/images/Macroeconomics/EconomicIndicator/Prices/high-prices-gm471079779-6178309_XtraLarge.jpg)
There is one key aspect in common among FTCH (Farfetch Ltd), MWK (Mohawk Group Holdings INC), OPEN (OpenDoor Technologies INC), SKLZ (Skillz INC) and UPST (Upstart HLDGS INC), which is they all focus on growth. Generally, these type of growth companies will suffer in the bottom line despite growing revenues. However, their share prices tend to show strong momentum.
In the video, I've analyzed these 5 stocks via price action trading strategy with volume spread analysis and the Wyckoff analysis concept to derive if the demand or supply is currently dominating hence form a directional bias for the stocks. On top of that you will find out my trading plan containing key levels to watch for potential entry and stop loss.
Timestamps
-
9:28 FTCH (Farfetch Ltd)
-
13:40 MWK (Mohawk Group Holdings INC)
-
16:33 OPEN (OpenDoor Technologies INC)
-
17:46 SKLZ (Skillz INC)
-
19:00 UPST (Upstart HLDGS INC)
Author
Ming Jong Tey
Independent Analyst
Ming Jong Tey has been trading since 2008. He started his learning journey from technical analysis (indicators, Fibonacci, etc...) to value investing. Throughout his journey, he develops an interest in price action with chart pattern trading.
