Welcome to The Market Flow Stock Picks — a recurring series that highlights technically mature setups where structure, momentum, and trend alignment converge across multiple timeframes.
Each Wave isolates markets entering potential expansion phases, where countertrend patterns are giving way to synchronized continuation across the monthly, weekly, daily, and H4 charts.
These setups are not predictions, but technical frameworks — maps showing where the market may expand once confirmation is achieved.
Wave #1
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Featured Stock: NetApp Inc. (NASDAQ: NTAP)
Technical Overview
NetApp’s structure aligns across all timeframes with the monthly base above 104.13 USD reinforcing an early expansion context, while the weekly compression phase presses against 124.47 USD resistance — the key countertrend ceiling.
The daily and H4 structures converge with 1-2-3 reversal setups emerging between 117.99–121.82 USD. A decisive close above this zone would trigger a cascading higher-timeframe breakout sequence.
Pivots between 104.13 and 106.55 USD define structural demand. Fibonacci projections at 126.36 → 133.12 → 134.04 outline the primary expansion path.
Bias: Long > 117.99
Trigger: H4 close > 121.50
Invalidation: H4 close < 113.77
Phase: Countertrend Break → Early Expansion
Path: 126 → 133 → 134 → 144 USD
Context
Earnings are due in late November, with volatility expected to increase as forward guidance becomes clearer. Historically, NTAP has responded strongly to data-center and enterprise storage cycle expectations.
Fundamentally, the company remains profitable, with analysts’ consensus targets clustered between 120 and 135 USD — aligning with the technical expansion map.
Read more in the pdf (Google Drive link)
📄 Download the full Wave #1 Report (PDF)