BNS LongLong Pros:
-GAP Fill
-Bullish Impulse
-Congestion around previous support (now resistance?)
Cons:
-Lots of real commercial / office real estate that COVID could impact.
Iow
GME $175 GAP FILL!I got in for the meme. Wanted to be part of history and willing to lose the amount I put in.
Generally speaking the market doesn't like gaps. They need to get filled and so price has a chance going back to $175 or even beyond if people are crazy enough.
No technical analysis or fundamentals can really help in a trade like this......
BUT FUCK IT! LETS GOOOOOOOO!
FOUR - LONGTechnical look good. Only downside is there isn't much space to the upside. There is a lot of resistance around the $75 area. However, due to recent news and trend they're more likely going to the upside than down.
-Bot shown on chart but it's actually a 50% retracement on larger swing low and 61.8% on shorter swing.
-Bounce back of previous resistance and trend line touching is a good sign. However, each bounce is a higher potential for a break. But in this case the trend hasn't broken so the trend is your friend.
Previous support looks like resistance so would like a bullish bar breaking that to show upwards potential. And would Ideally enter on the PB. Small position in now and larger on the PB of the break.
I'd take profits at $75 and let the other half run further with a tighter stop.
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SHOULD the low break. Upwards trend is done it'll maybe range for a cycle or two then continue down.
Twilio (TWLO) Trend line and support bull daily candle bounce. Pulling back for good entry. Ideally go in to hourly chart for bull signal for entry otherwise trade is isn't yet valid) But I don't know how to post MTF charts.
Breaks support / TL = Up Direction Bias ends and it'll consolidate before choosing a direction
At swing high take off some of the position and let the rest fly with a stop in place at lower swing level.
GRPN LongTrend Break Out Pull Back on weekly.
Buy Signal on Green Bullish Candle of the EMA's and Previous Highs.
FLT - LongLong Pros:
-Higher Highs,
-Strong Weekly
-Strong Market Bias Towards Future Tech
-Broke 3 level highs
Most likely pull back to the level and then go up again.
BB - LongLong Pros:
-Weekly trend breakout
-Impulse up
-2x Higher Lows
-Pull back to previous lows high.
-61.8% Fib retest
-MA Retest
-Bull Daily Bars
-Security sector is going to be huge
Cons:
-The company has to succeed.
