Had breakout on Friday. Noticeable volume on the shortened trading day. Don't mind buying around the Friday highs, prefer a small pullback maybe into the $11 area. Stops 2-3% below Friday's low. Market environment is still making me want to realize quick gains, raise stops quickly. Small cap ($500m), growth may be decelerating but still low valuation (6.8 f.p/e)
$NINE have such as impeccable and clean rally above its 10MA (+320% rally in a mere 7 weeks), turning up ahead of $SPX 13/10 YTD bottom since 29/9 intraday +10% closed. clean and healthy numbers on ESV Dashboard. U/D Vol Ratio at 2.4 is nearly unheard of in this environment
$CPNG have been stalking this for several weeks. bottomed and RS since May. remains in consolidated range for over past 3 months yet recapturing all over its key moving averages. leadership price action over its industry peers $BABA, $AMZN, $SE a decent setup on the weekly
Fundamental (reason why I am putting this stock in my watchlist): Their EPS growth and Revenue Grotwh (between Q3 2021 to Q3 is 109% and 84% respectively. ROE is 33%. This is what I define as a potential growth stocks. Technical : It is correcting after its 6 day rally. It will be interesting if it reverts back to the mean (50,100 and 200 EMA). it is testing the...
General Market Update Tech Stocks Continue To Slide After Meta Meltdown The stock market ended sharply mixed Thursday, as the Dow Jones Industrial Average finished with moderate gains. The tech-heavy Nasdaq composite sold off, as tech giant Meta Platforms (META) crumbled on weaker-than-expected earnings results. Amazon (AMZN) and Apple (AAPL) reported earnings...
General Market Update The stock market uptrend continued to gain traction Tuesday as major stock indexes notched their third-straight bullish session. The Nasdaq composite rose above the 11,000 level with ease, ending with a gain of 2.2%. Nasdaq volume rose, completing a second follow-through day for the index. Advancing stocks outnumbered decliners on the Nasdaq...
Always wait for a correction after price broke the 100 and 200ema but also make sure theres a base to work from AND pocket pivot occur (5 candle or 10 candle pocket pivot). I always prefer to enter a trade before the breakout happen but sometimes pocket pivot won't occur until a breakout happen.
ABC is a company with good accelarated Earnings and good margins. The company is identified as tradeable via fundamental analysis/funadmental screening. Now whats left is when to get it. I wait for the price to break the 100-200 ema ribbon and make some kind of base/price structure around the area and see if there is a pocket pivot around/inside the base....
General Market Update After the Nasdaq composite and S&P 500 made follow-through rally confirmations Friday, the stock market extended gains Monday. In the initial hours, performance was uneven. The Nasdaq composite and small caps lagged the S&P 500 and Dow Jones Industrial Average. But the Nasdaq composed itself in afternoon trading and closed almost 0.9%...
$RUN - Technology | Solar broke out of a descending wedge during its most recent earnings report (QoQ growth in EPS and Sales) on high volume. the past days of resilience in its price action tells alot of its strength in this market. already at RS high before price
Dicks Sporting Goods (DKS) is breaking out from a textbook cup with handle pattern. After nearly doubling in price between May and August, the stock stalled and formed a small pivot at the $115 resistance level. Relative strength has been climbing for several months - a sign that Dicks has been leading the surge higher and outperforming the rest of the...
EHPH building nice congestion on WK. Can be considered a flag on D. IBD highly rated stock. Part of TAN etf (Solar group) congesting after diagonal breakout.
$LULU - Consumer Cyclical | Apparel Retail breakout of year long bullish wedge pattern, retaking its 200MA, AVWAP from ATH and YTDH with higher lows since late may'22. latest ER on 1/9 reports continual YoY growth for both EPs (+33%) and Sales (+29%)
Canslim IBD A+ stock broke handle. If market good tomorrow. Classic cup and handle
$ACVA - Consumer Cyclical | Auto & Truck Dealerships pretty sure none of us gonna miss this trade if it breaks
$HUBB - Industrials | Electrical Equipment & Parts currently RS new high before price high. swinging back above its 10/20 MAs after price lvl at $205 range proved to be a major support.
CSIQ is a market leader in today’s #1 sector - solar energy. Shares soared over 60% between July and August as solar stocks came front and center as a leading theme in the market recovery. The 200-day moving average has begun sloping upward, putting CSIQ at the beginning of a new Stage 2 uptrend (see my previous post on the 4 Stages of the Stock Cycle). The pink...
Catalyst Pharma (CPRX) is an absolute monster. Not only is the company posting huge sales and earnings growth in a sector that rarely has either, the stock has more than doubled over the last few months. There are 801 stocks in the biotech group tracked by Investors Business Daily, and CPRX ranks at the very top (see image in chart). After such a large advance...