A trader maps dark pool prints and technical levels for DRAM stock, identifying a $303M print and key resistance at $67. Bullish targets sit at $77-$80 if price clears $66.06; bearish targets drop to the low $50s if it breaks below $64.
Chapters
So let's see what's going on here. Largest trades in the last 30 days, June 18th. Here we've got massive prints, and then we've got this little doji at the top, and then we've pulled back through these additional prints here, and we got a nice $345K print on the 2nd, and it seems that that's holding. We're going to push up against the 4 and 8 exponential moving average in through that. So if we start closing strong above this, then potentially there's a move up to these higher prints around $77, $80. So let's map this out on the intraday without a bias. We'll go long long and short at specific levels. So we're going to be bullish above 6606. Let's get above this 500K print. 6683 is another print, and then 6746 and 50, that's almost 5 million there. And then we've got 6769, which is this CAM. 6829 is 500K, and 6861 is R2. Then we've got, then we've got 7078, 8250, 7575, 47 is R3, so we get above this, we've got some nice pockets to the upside. On the downside, we're going to be bearish below 64. Let's get below this. You can see we have this consolidation, we've got a double pivot and CAM, so let's make sure this is resistance here coming up and then turning over 64, target 62.52, 61.89, and 76. This might be a little bit tough here. This is the post-market and then we had gapped up, so we would come back and test my 200 exponential, 200 simple, double pivot, and CAM, the simple. So this is really tight here, so So you can grab that to there. Just be careful. Below this, we've got 61.26. 60.26 is that 345K we mentioned. 60, 59.37, 58.74. You can see how the downside's a little bit tougher. 57.77, 56.86, 54.90, 53.57. And well, actually I stopped at 54.90 here. The ATR on this one is about $6.45. So, oh, moving on to Marvell. Okay. So Marvell's got a lot of prints here.
