Fall Rally Patterns Setting Up: GMNYSE:GM was driven down way below its fundamentals by panicky retail. It is now back up into its fundamental level, well ahead of the Fall Rally. The fast recovery indicates that the selling was not aligned with fundamentals. Auto sales have an annual cycle with the highest number of sales in the final quarter of each year.
Holidayseason
Merry Christmas and Happy Holidays! 🎁
I hope that this holiday season will be a time of reflection for all of us, where we can appreciate the successes and learn from the challenges of the past year.
Let's take this opportunity to set our intentions for the coming year, to focus on growth, resilience, and continued dedication to mastering the art of trading.
Let's foster a sense of community and collaboration that will uplift us all and contribute to our collective success.
Wishing you and your loved ones a very Merry Christmas and a Happy New Year!
Warm regards,
VasilyTrader
Swing Trading Signals, Momentum Patterns: TPRLuxury fashion brands are popular for speculation heading into the holidays.
With a few points to the bottom completion resistance, NYSE:TPR has a swing trading entry signal, 2 in a row now. Resting days that create a narrow consolidation can be powerful momentum-building patterns for short-term trading.
Swing trading, rather than day trading, these setups can net better profits. Position trading needs to wait for a stronger support level to build for an entry, which usually occurs when the bottom formation completes.
ROKU Bottom Formation: Dark Pool Buy ZoneROKU is a good example of a high-risk sell short. The HFT gap was reversed the same day. You are looking at a Dark Pool BUY ZONE. Accumulation/Distribution confirms a shift of sentiment even as this stock turns down at a bottoming resistance level which is NORMAL and expected.
The company reports earnings for the holiday season in mid February. This makes for a common timeframe for a bottom formation's base to develop.
BABA - BULLISH SCENARIO China stocks are entering an exciting earning season combined with the upcoming major holidays. NYSE:BABA testing the 70s range and bouncing of March 22 lows. The political pressure, production shortages, and raise of materials have been dragging NYSE:BABA lower and lower. Optimistically recovering to the 110-130 range in the next 6 months is a very likely scenario, considering that range is still much undervalued.