General Chart Work SessionI am recording these sessions to show the work I do on charts in general. I am gracious to my mentor @timwest for showing me this style of stock analysis! I am not perfect at it, but I review charts quite often to look at different potential developments and create/test ideas using this method. Of course, you will see other tools I enjoy using on my charts as well.
In this video I am reviewing the following: NYSE:HD , NASDAQ:PTON , NYSE:NCLH , and, briefly, $BBW. All of these I consider to be in general uptrends and personally have a bias to the long side. Of course, anything can happen in the markets, so only time will tell how these ideas continue to play out.
Hope you enjoy, and best of luck out there!
Fitness
Step App (FITFI)Step App is a project based on the Step protocol for FitFi (Fitness Finance) where users and their metaverse avatars complete fitness quests and PvP (player versus player) challenges. By downloading the Step App, users can earn by walking, running, competing with friends/app users, chatting, and exploring the metaverse or the real world.
Anyway, FITFI has been in a downtrend since the beginning. Recently FITFI broke the major downtrend line and has been rising slowly in an ascending channel. To confirm the reversal, we have to wait and see if FITFI can break this channel upward. Let's see what happens.
Gym Well - Trade Well!When you gym well, it’s like trading well.
You gym to tone, to lose weight to build muscle and to build discipline.
With trading you trade to build your portfolio, build confidence, create a secured financial future and work on your mindset for life.
Both pursuits require consistent effort, perseverance, and a strategic approach.
Gym is an important element in my life and so I want to explore the similarities between trading and gymming, and how each can lead to success in their respective domains.
You Put in the Work Every Day: Gymming and Trading
Like a regular gym routine, successful trading requires dedication and consistency.
You can’t expect to see results overnight – you need to put in the work every day.
As a trader you must constantly educate yourself on market trends, stay informed about global events, and analyze past performance to make informed decisions.
Just as gym-goers must adhere to their workout schedules, traders should establish a daily routine that involves researching and analyzing the market.
You Pick Up the Portfolio (Weights) as You Make More Money
When you gym, you gradually increase the weights you’re lifting to build strength and endurance.
Similarly, as you become more experienced and successful in trading, you can gradually increase your investment portfolio.
As your confidence and financial gains grow, you may choose to diversify your portfolio and take on a variety of different assets to spread risk, lower risk, optimise and maximize your returns.
Don’t Overtrain – Don’t Overtrade
Overtraining at the gym can lead to injury and burnout.
And if you over trade in the market, it can result in financial losses and emotional exhaustion.
It’s essential to strike a balance between staying active and giving yourself time to rest and recover.
In trading, this might mean you:
Set your limits on the number of trades you make each day or week
Identify the goldilocks zone risk per trade
Know when to hault trading or lower risks during a drawdown period.
And most importantly.
Remember, trading is a marathon, not a sprint.
So pace yourself accordingly which is crucial to long-term success.
It’s a Forever Process (Takes Time)
Both gymming and trading are long-term commitments.
You won’t see immediate results in either pursuit.
It takes time and dedication to achieve your goals and to identify your trading risk and personality.
In the gym, you can expect to see gradual improvements in your strength, endurance, and overall fitness.
In trading, you’ll gain experience, knowledge, and a more refined strategy as time goes on.
So stay dedicated, and you’ll be well on your way to achieving your goals.
Let me know if you gym and if it helps your trading :)
GMT Stepn Metaverse earn to playUpdated GMT Stepn Token Metaverse Earn to play fitness STEPN is a Web3 lifestyle app with fun social elements and gamification design. Users equipped with NFT Sneakers – walk, jog or run outdoors to earn GST , which can be used to level up and mint new Sneakers.
Player can choose to lease or sell their NFT Sneakers on the in-app Marketplace; users’ GST earnings are stored in the in-app Wallet, which has a built-in Swap function.
GMT Stepn Token Metaverse Earn to play fitnessGMT Stepn Token Metaverse Earn to play fitness STEPN is a Web3 lifestyle app with fun social elements and gamification design. Users equipped with NFT Sneakers – walk, jog or run outdoors to earn GST, which can be used to level up and mint new Sneakers.
Player can choose to lease or sell their NFT Sneakers on the in-app Marketplace; users’ GST earnings are stored in the in-app Wallet, which has a built-in Swap function.
The triangle of LuluLululemon Ahtletica inc. is an American company that is expanding all over the world and that produces and sells sportswear specialized in athletic activities and yoga.
Given the type of sport on which it specializes its business has not suffered in a marked way even the period of covid because millions of people forced into the house have bought their products online for the activities of Yoga conducted individually in their own dwellings.
Its constant growth in turnover during the years really frightens and, despite its price is well beyond the fair value, according to some sites that I use for fundamental analysis, its price seems to still aim high, also helped by large-scale investors who seem to be increasingly interested in the company.
Here is the movement for which Market Miracle, the algorithmic advisor that identifies and categorizes the incoming and outgoing capital from an asset yesterday generated an input signal of 362.5 USD with a target of 407 USD or with a potential profit of 12.3
Graphically the price seems to be trapped in a triangle pattern due to its situation of over-bought over the long term but it does not really seem to scare the price action towards a further climb.
This idea is based on the signal generated by the Marketmiracle advisor whose link you can find by scrolling down this page.
Buy the dip on $LULU after earnings?If past movement are not a guaranteed for future result, i did not get that memo... Because as it happened in the past, again $LULU had amazing earnings, beating both revenues and earnings and yet share are down more than 5% as this morning.
Here some number:
Revenue increased 22% to $1.1 billion
Comparable sales increased 19%, or 18% on a constant dollar basis
Diluted EPS of $1.10, Adjusted EPS of $1.16
IMO demand for athletics clothing will continue to rise. The mirror acquisition will guaranteed $LULU to take a piece of the pay from other player like $PTON and $APPL during lockdown orders.
Why am I bullish? On a technical prospective it seems to be holding well around 345-348 price. There are multiple factors for that:
1. Support at around 361$, 344$ and 325$. It seems to be holding at 348$ for the moment. If it does not, will be looking to buy at 325$.
2. Trend line still in up trend. It intersect quite well with support at 348$. That is why I bought some shares
3. Fibonacci retracement: also at around 348$ price.
Usually where there are multiple convergence of factors at once, stocks tend to do well.
In addition many analysts raise PT and reiterate their buying ideas.
AGAIN, past movement are not indication for FUTURE price actions. But $LULU seems to different :) Time will see.
This is not an investment advice. Do your own due diligence before investing.
PTON over 116.92This one has been in an uptrend but faked us out for the past few days with a number of false breakouts. Shown here on the hourly, a break outside this box at the trigger should yield a larger move, especially if it can fill the gap above from 117.75 to 122.49. This gap can be used as a more conservative entry. Bollinger band shows room up to 119 on the daily and 141.11 on the weekly. These are not necessarily targets, but show one standard deviation of movement from the 20EMA S/L 115.08.
CITRON is giving a GREAT LONG opportunity with $NLSCitron following intraday trading strategy idea
Nautilus is a fitness solutions company, designs, develops, sources, and markets cardio and strength fitness products, and related accessories for consumer and commercial use.
The share price is rising and gonna continue this trend today after the new Citron report publishing.
The demand for shares of the company still looks higher than the supply.
These and other conditions can cause a rise in the share price today.
So I opened a long position from $15,10;
take-profit — $17,53;
stop-loss — $14,22.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
Shorting Planet Fitness to hedge my long positions from hereSince I'm unsure what the market will do tomorrow, I have a mix of long and short positions as we head into the close of trading today. One of my short positions is Planet Fitness. It's absurd for this stock to be trading at 50+ P/E and 100+ forward P/E with new coronavirus cases starting to go exponential again. This is well above the multiple that PLNT usually trades at. PLNT has a high put/call ratio today, suggesting that sentiment on the stock is very negative. It also has a -60% ESP from Zacks, which means it's likely to miss on its next earnings report.
It's sitting at support right now, but that may break if the market stays weak. PLNT is frankly due a correction down to at least 60 or so.
Nautilus went deep but Nemo wants air and will emerge
Nautilus Inc might give us a nice opportunity here. The 5.50$ held pretty strong and the long term trend line got almost touched.
We could see a 100% run up and close the gap at around 11.75$. The markets are really over reacting either up or down and nautilus got beaten up quite a lot.
I gave you two charts. A one day and a one week to see it clearer.
R/R looks really nice here. Entry 5.70$ SL at 5.20% TP at 11.50$. If it knocks us out we might reenter at around 4.50$
Just my opinion so make your own research and like always
May the markets be with you