TEAM - Atlassian CorporationStarted position in TEAM this morning after it undercut & reclaimed its PEG low yesterday. Very small, 30bps risk. Will increase position size if the stock reclaims its PEG day anchored VWAP and again if it clears its inside pivot around $462.50.
Stop loss is below yesterday's undercut low.
Growthstocks
WIRE - Encore Wire CorpHalf size position taken on the 11/10 breakout with a stop below the day's low.
Closed early as the breakout came back in on overall market weakness. Did not want it to gap against me the following day. Looking to potentially rebuy.
Company is showing absolutely elite levels of growth currently & should be boosted by the infrastructure bill.
Xpeng: Still On Track!😎😎😎It took some time for the Xpeng stock to pick upt some momentum, but it is looking better now! We expect the price to increase to an area around $75 in the first step, before another correction sets in. In the long-run, however, the stock should move towards $143.
Push it to the limit!
Stocks To Watch This WeekThe Market's longer term uptrend still intact. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 20 total stocks on this list Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
AMBA - Ambarella, Inc.Semiconductor solutions and design company with accelerating EPS and the sales to support growth.
Breakout of very long term base going back to 2015 after earnings report in August. Showing very good volume characteristics. Relative strength breaking out to new highs with stock taking out its pivot point.
100bps initial risk, willing to add if it begins to move higher.
Stocks To Watch (Relative Strength Edition)The Market's longer term uptrend still intact. Breadth is deteriorating again. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 22 total stocks on this list Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
DOCS IPO Pump CorrectionDOCS has been following a typical IPO pump the past few weeks. It's starting to finally show signs of weakness and the 100 area is a key zone.
Two shooting star candlestick patterns have been plotted, and today's candle confirms it. Expect DOCS to revisit the 9EMA at the 90s price level at the very minimum
Stocks To WatchThe Market's longer term uptrend still intact. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 20 total stocks on this list Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
Unity Ready for a Mini to Large Breakout50MA is about to catch the 200MA, and if Unity breaks 130, should be able to confirm uptrend to fill the gap above.
Unity made a higher low last Thursday before regaining momentum upwards.
RSI is holding above 50, still in an uptrend
MACD is positive still
4H chart shows hidden bullish divergence
DDOG Decision Time!DDOG is forming an ascending triangle on the 4H chart.
Price has been sideways ever since the bullish earnings that landed it above 130.
Price can be seen making attempts at higher highs and lower lowers during every impulsive move up and down.
OBV is rising
Price is tightening, volume dropping
I believe this can break out to 140+ by the end of the month as long as SPY and QQQ do not crash.
Kimberly Clark 1971-1991.Analyzing stock Kimberly Clark 1971-1991. According to the book Good to Great by Jim Collins, the stock achieved a fifteen-year result 3.42 times higher than the market. I want to compare the period from the book in which the stock achieved excellent results (which was in the 20th century) and update that comparison with data from the 21st century to see how the stock has progressed further. For more details see my blog, an article should come out soon on this topic.
Stocks To WatchThe Market's longer term uptrend still intact. Big earnings this week. Be careful. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 21 total stocks on this list and 3 short squeeze candidates. Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
Stocks To WatchThe Market may have some more room to the downside with the longer term uptrend still intact,The Mega Cap stocks have earnings this week. Be careful. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 22 total stocks on this list and 2 short squeeze candidates. Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
BUY PENN around the $70-75 range for a move up to $105!Penn National Gaming, Inc. is an American operator of casinos and racetracks, based in Wyomissing, Pennsylvania.
It operates 44 facilities in the United States and Canada, many of them under the Hollywood Casino brand. The company also controls a 36% stake in Barstool Sports.
With the US consumers sitting on over $5.4 trillion of additional savings as a result of the COVID-19 pandemic we believe that Penn National Gaming will benefit from the large consumer spending spree that we expect to sweep the US in the second half of 2021. In addition to that, people who like to bet on various sporting or racing events were severely limited in terms of betting options throughout the last 12-16 months. With things slowly but surely going back to normal despite the new highly contagious Delta variant, we believe that Penn National Gaming is uniquely positioned and will likely see strong revenue and earnings numbers in Q3 and Q4. Last but not least, let's not forget that Barstool Sports is basically a digital content producing company focused exclusively on sports. Thus, with the return of the NFL pre-season starting in August and the actual season in September, Barstool will be a strong driving force for Penn National Gaming's stock moving forward. Lastly, we should also point out that Barstool Sports launched the Barstool Sportsbook back in September, 2020 which is basically a betting app, and handled over $11 million in wagers during its first week of operations!
It definitely seems that the stars are aligning almost perfectly for PENN and as a result of that we believe that the stock will be trading above the $100 mark by mid-September latest.
From a technical standpoint the chart also shows the presence of a strong bullish interest around the $70 level. All major daily indicators including the Stochastics, RSI, MACD and Bollinger Bands are also pointing to a strong reversal in play.
Our targets for the 8-10 weeks will be $105 and $120 respectively.
Good luck guys and remember to always do your own research as well!
NAS100 Hourly Needs More Commitments From BullsFXCM's NAS100 is in the bullish area on the daily chart on the left. The hourly EMAs and stochastic are in bullish mode but each is showing a convergence/loss of momentum. If the EMAs are able to switch to diverging, developing angle, and separation, it may indicate that the short-term traders are starting to align with the daily. A movement of stochastic to 80 level and maintenance of that level (blue arrow) increases the chance of a successful trade. We note the sensitivity of NAS100 to yields, so these will also play a role in determining trade outcomes. Trend following indicators may be useful in this case as a potential exit tool. Stop under hourly support in conjunction with risk management techniques.
Textainer Group (TGH) is pending breakout of bullish flag pending breakout, wait for 4H close above this channel.
US Stock In Play: $SUP (Superior Industries International Inc)$SUP share price surged by +34.94% parabolically in a short span of 4 trading days, breaking out of its mid-term trend channel that was established since December 2020. The latest closing price of $9.25 is a new 52 weeks high closing for $SUP.
With implied volatility still remaining almost 25% away from its March peak of $0.60/day ATR-14 range, the highlighted Bearish Shooting Star reversal signal along with diminishing trading volume over its consecutive up-days may imply an imminent heavy profit session within the week. Further upside for $SUP requires immediate trading sessions to recapture this week’s high of $9.65 to negate the highlighted bearish signs.
$SUP designs, manufactures, and sells aluminum wheels to the original equipment manufacturers and aftermarket distributors in North America and Europe. The company supplies aluminum wheels to the automobile and light truck manufacturers. It offers its products under the ATS, RIAL, ALUTEC, and ANZIO brand names.
US Stock In Play: $TEN (Tenneco Inc)$TEN share price surged by a further +14.96% since our last update this week. This totals up a gain of +42.34% in a short 9 days trading session. With $TEN continuing to outperform its sectorial competitors with increasing buying demand, trading at a new 52 weeks high on both share price and implied volatility, further upside will be imminent to test its 2019 resistance at $25 range.
$TEN is currently trading at its 52 weeks high, at a market capitalization exceeding $1 Billion USD for the first time since 2019.
$TEN designs, manufactures, and sells clean air, powertrain, and ride performance products and systems for light vehicle, commercial truck, off-highway, industrial, and aftermarket customers worldwide.
FSLY growth name bottomed, breakout coming?Growth names are hard to predict right now but SNOW did start a nice reversal lately. Could others start to follow? Looking at June calls from 45-50 rang to try to catch this move. Some volume above this demand shelf could send it into this gap. Over 48 and it could explode. Being in now will allow some rolls to higher longer dated calls to catch that move with less risk.
Stock To WatchThe Market keeps grinding sideways with the longer term uptrend still intact, many growth names remain choppy. These names have shown good relative strength and accumulation volume and most are in the growth sector. This may give good risk/reward entries on some of the best names. Some of these charts still need to confirm their price action. This video is my watchlist. Most of these names are at or near all time highs or multi year highs. There are 28 total stocks on this list. I add an additional 5 stocks that are on my potential short squeeze watch list. Many of these have IPO'd in the last few years and still have a growth story ahead of them. Know your time frame and risk tolerance. Know your earnings dates! I go through these quickly so grab a pencil and paper and jot down the names that look interesting to you and then make the trade your own. Good Luck!
First ever 4g/5g network from sat to cellphone & Lassonde curve.First ever global 4g/5g cellular phone network beeing built by $ASTS seems to follow similar market mechanisms and psychologies as that of junior mining operations: The Lassonde curve, with it’s two waves of share price increase.
Only competitor so far (possible duopoly) is Lockheed Martin and Omnispace cooperstion.
Technology is proven with Bluewalker 1 satellite. Huge TAM, small market cap. Founder shares in lockup for 12 months.
There was an manipulation down starting April 6, which is in steep reversal presenting an excellent entry opportunity. Well timed public offering in first wave means first phase fully financed.