Easylootstocks
$FLWS 1-800-Flowers Bound to Pump | Valentines Trade1-800-FLWS is picking up steam and looks like a buy as we move into the new year and toward Valentine's day. We hit this last year, let's see if we can again!
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Easy Loot Price Target Update:
Easy Loot is raising our price target for FLWS from $27.5 to $32 which would indicate a 16% increase. Easy Loot believes FLWS will continue to strive using the playing-field Covid-19 has formed, with a big focus toward delivery-based and online sales.
Easy Loot will look to enter FLWS later this month, probably during the last week of January with hard shares and naked calls expiring early summer.
Trade ideas will be posted inside Easy Loot, be sure to join our community as we tackle 2021!
DCJ | Easy Loot Price Targets
Random Pick of The Week | $AKBA BioTechWelcome to the first "Random Pick of The Week", where I will randomly select a ticker to chart based on comments posted below or sent via direct message.
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Todays's Pick: AKBA / Akebia Therapeutics Inc.
Looking at the great scheme of things, we can see that AKBA has been in a steady downtrend for the last 5 years with only a few points of high demand. We've seen some massive leaps throughout the last 5 years, which is as expected knowing that we are trading biotech.
We look like we will sit in a wedge up toward the start of 2021, leaving us with sideways movement (-+8%) until. We look for a breakout and retest of this wedge if bulls have any hope of any run into the New Years'. If we break out, we have $3.95 set as a short-term target and $7 as our long-term. We must watch $2.75/$2.70 as our weekly support, if lost look to short toward $2.10/.20.
FYI: Ignore the green box, it decided to change angles last second.
DCJ | Happy Holidays
My Christmas Present to You! $ABNB AIRBNBAs Airbnb comes to $151.1 and teases us with a breakout, I think it's important to watch these next days of price action.
We've broken out from $151.1, looking for a small bounce than a nice correction back to $151.1 to hold as support...
Merry Christmas & Happy New Year!
BUY & HOLD LONG
DCJ
Chainlink Will it PUMP OR DUMP?+Chainlink Today had a great run
+When I woke up this morning I saw Link was up16% but slowly started pulling back as we faced/created another downtrend (Purple Level)
+ In the last bleed Link had it came down to $9.89 and then we started seeing some level adaption around $10.6
+The Green Level is a resistance now turned support $12.3
+ Creating level adaption at $12.3 would allow Link to break the purple downtrend and start to ladder up.
+Don't try to be a hero and catch a falling knife especially if your new to trading sometimes its best to just gives the charts time.
+If Link can break we will later up to my TP's
1st TP $13.86📊
2nd TP $16.09📊
NIO = Santas Gift to AllMany get worried when seeing a hype stock like this correct and move sideways as it is now... I on the other hand love times like this. Nio is preparing for a decision, and its direction will quickly be determined with the upcoming price movement as we move toward New Years'.
As we come to a decision point for Nio, we look at a few levels. I'll be watching the $38 level as support and a neckline for a possible head and shoulders pattern. Moving forward, I do believe NIO will hold strong and make its continuation, along with many others in the EV bubble (TSLA, PLUG, FCELL, etc). I think now is a great time to load up on long-term shares and potentially a small position on calls expiring in February or later.
Happy Trading!
DCJ | Happy Holidays
BUY THE DIP | $SNOW LONGBUY THE DIP! Good morning traders, as we look at SNOW on larger timeframes we see a well-needed correction after this IPO made a push toward even more all-time highs. This week could be the last of being able to grab it around this price.
Looking at price action, there are a few things to consider starting with the retest of $301. $301 shows as a strong level first as resistance, now as support (if it holds). SNOW is a buy
DCJ | Happy Holidays
SPY Holding Up During Holidays? Happy Holidays! After seeing the AMEX:SPY hit ATH last week, some wonder if the flame has just been lit or if it's being put out. Will the market hold strong into the New Years' or will it start a correction as Biden makes his way into office.
Right off the bat, I see a few key levels to watch starting with $363.22 as Monthly support and $365.73 as weekly. We should also watch $369.84 and $371.05 as weekly resistance.
As the vaccine is distributed nationally and globally, we could aim to expect a continuation up that is unless we see negative news about this pandemic or vaccine. We also need to remember that Biden will be making his transition into the White House on January 20th, 2021.
God Bless America