👁️ Eyes on $BABA ( ▼ 0.45% ). Delta tilt is quite bullish with downside momentum dissipating.

🧱 Support area: $118.96 ($120 key support)

👊 Resistance area: $126.24 ($130 key resistance)

Scroll down to learn more about today’s top idea.

 $AMZN ( ▼ 0.45% ) 

Momentum Shift Up

Amazon ($AMZN) continues to exhibit a highly bullish delta tilt, suggesting strong positive directional exposure from options market positioning. Analysis of the daily chart indicates a clear shift in momentum back to the upside over the past three trading sessions, beginning on June 6th.

This sustained upward momentum positions $AMZN as a compelling candidate for intraday trading opportunities. Our nearest bullish price target for the name is $220.

Raw Consensus Score: 4 out of 7 (Notable bullish momentum) (Momentum Stars)

Delta Tilt: $220 bullish target, $210 key support

Gamma Exposure: Positive notable gamma regime $205 to $230

Quant Volume Levels Today: $212.05, $216.07, $209.84

Quant volume levels are area where stocks would most likely bounce or reject from.

 $HD ( ▼ 1.37% ) 

Momentum Shift Rising

Home Depot ($HD) is emerging as a rising momentum candidate based on our recent analysis. The stock has been consolidating within a range for some time, with signs of a price squeeze building on the daily chart.

Recently, $HD briefly slipped from a key support zone around the $370 area. This region is particularly significant as it approximates a potential gamma flip level, where options market dynamics could shift from positive to negative gamma.

We are observing for a potential move lower towards $360, though it remains to be seen if this level will be tested. While daily chart momentum is currently showing an uptick, its strength is nascent and requires continued monitoring.

Raw Consensus Score: 0 out of 7 (Neutral momentum) (Momentum Stars)

Delta Tilt: $380 bullish target, $370 key support

Gamma Exposure: Flip gamma area at $ 370 (From positive to negative)

Quant Volume Levels Today: $369.26, $365.7, $372.98, $359.68

Quant volume levels are area where stocks would most likely bounce or reject from.

 $TGT ( ▼ 2.22% ) 

Momentum Shift Up

Target ($TGT) has captured our attention and recently appeared on today's momentum stars list. While short-term momentum exhibits signs of being somewhat extended, we observe a constructive development on the daily chart, where momentum indicators are beginning to show an upward shift.

Furthermore, the recent positive news regarding the China-US trade deal could serve as a beneficial catalyst for the retail sector, including Target. Despite ongoing company-specific management and perception challenges, our focus on pure price action suggests a potential for continued upside momentum.

Currently, $TGT is operating within a positive gamma environment, with a key gamma flip level identified around $95. This level is crucial to monitor as a potential inflection point for options-related hedging activity.

Raw Consensus Score: 4 out of 7 (Bullish momentum) (Momentum Stars)

Delta Tilt: $105 and $110 bullish target, $95 support area

Gamma Exposure: Positive gamma regime (Flip at $95)

Quant Volume Levels Today: $99.03, $97.63, $102.6

Quant volume levels are area where stocks would most likely bounce or reject from.

 $BABA ( ▼ 0.45% ) 

Today’s Top Idea

Alibaba ($BABA) stands out as our top day trade idea for today. The daily chart indicates a clear upward shift in momentum, with previous downside pressure appearing to have largely dissipated.

While it may still be early for a sustained swing trade – pending additional confirmation – we believe $BABA presents a compelling day trade candidate. This is particularly true if the stock experiences a pullback into key quant volume levels, offering potentially attractive entry points.

Raw Consensus Score: 1 out of 7 (Neutral bullish momentum) (Momentum Stars)

Delta Tilt: $125 and $130 bullish target, $120 key support

Gamma Exposure: Positive gamma regime (Concentration at $120, $125 and $130)

Quant Volume Levels Today: $118.62, $120.10., $122.51, $124.63

Quant volume levels are area where stocks would most likely bounce or reject from.

⭐ TODAY’S TOP MOMENTUM STARS