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Momentumbreakout

ABNB (Long) - end of the choppiness? Looking at my past track record, I am becoming somewhat of a fanless guru hahah - I better knock on some wood; otherwise the market goods give me a losing streak like I have never seen. However, it is nice to see how these age-old rules coupled with some patience work. Anyways, enough of bragging and lets get to the trade Fundamentals The market is disgustingly overbought , so this trade is on only if the NASDAQ:ABNB earnings deliver Overall, right now, I would only purchase stocks that have already posted blockbuster earnings, otherwise I am in expectations of a pullback that should last at least a couple of weeks (c. 2-4) Considering how ridiculous are some valuations getting in the market, ABNB is actually priced quiet reasonably, almost conservatively The company is pretty much printing money with a net profit margin of 58% (up from 20% a year ago) ,which is, honestly, incredible, hence the P/E of 'only' 18 The earnings have grown by 253% yoy, and the revenue is steadily marching higher The firm is not bending under a pile of debt with a Debt/Equity ratio of 0.2 - so, no interest burdens Technicals Given that Airbnb is a famous and popular brand, it is almost shocking how badly the stock has been performing since the IPO, having moved basically nowhere However, the chart has been putting in the work to build us a nicer a picture (an accumulating base) and we are nearing something that could potentially be a marvellous breakout, which is not incidentally coinciding with upcoming earnings Throughout this whole period, the stock has been gradually being accumulated with almost no major distribution periods (check the indicator) Indicators like MACD and Stochastics showing strong momentum Trade This part is a bit tricky - if the earnings disappoint, then the trade is probably off because the setup goes to sh**; if the stock shows strong earnings than we can probably expect a major pop, which means we will have to be chasing But if you backtest strong earnings , you can see that it is worth chasing even a major earnings pop - the price tends to carry on performing strongly (e.g. NASDAQ:ARM , NYSE:PLTR etc. - from some of the recent examples) 'Meeting estimates' results that would barely move the stock is probably good, but I would wait a bit for more stock price action If the stock pops, but there is no follow through - is usually a bad signal and should be watched out for Follow me for more analysis & Feel free to ask any questions you have, I am happy to help If you like my content, Please leave a like, comment or a donation , it motivates me to keep producing ideas, thank you :)
NASDAQ:ABNBLong
by jurajholik
First Wave BioPharma $40 PT Upside potentialBefore the close of the year the Bio Pharma Sector started running wild. It doesn't surprise me why i'm drawn to this company with all the catalysts coming out. Recently with a PT 40 From Roth MKM. The more you read about the news that comes from this company between CEO investor relations, Merger Deal with Immunogen and entering their phase 3 trial there is so much Upside potential. Although short term there's a lot of turbulence in the 5.00-5.38 range if it can break and hold strong this stock can get there pretty quick. Currently holding a Long position. Trade Responsible, #TradeTheWave 🏄🏽‍♂️🌊
FLong
by FinesseTheWave
AUDUSD Yearly Trendline BrokenHi Traders! AUDUSD has broken its yearly trendline resistance as the bulls have taken over. Here are the details: The yearly trendline is now broken. Since the break and close above the 20 EMA, the price action has looked very bullish. Our plan is to buy the market dips by looking for an entry near the trendline resistance and an exit near the mid-year range resistance zone. Preferred Direction: Buy Entry Level: 0.66532 Stop Level: 0.65089 Target Level: 0.69418 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Long
by BluetonaFX
6
Marathon Digital Symmetrical Breakout?Mara reached a new high and fell as expected. It started trading into a wide falling wedge out of a bullish uptrend. I would think other than Bullish if it was knifing down. Found consolidation level at 17-17.60 area after double bottom bounce at 16.50ish and looking for a possible break to the upside out of a bullish symmetrical triangle. With bit coin holding 30,000 level. We could see it retest and/or reclaim $20 soon. Trade Responsible, #TradeTheWave 🏄🏽‍♂️🌊
NASDAQ:MARALong
by FinesseTheWave
ENVX - Army Swiss Knife X FactorA Couple things to note is Enovix has been on a steady rise and has had bullish catalyst released. It's on the hook to hit the next leg. Lame pun for the Hook showing on the chart pattern "The advanced silicon battery company said the deal is for it to produce commercial cells for use within U.S. Army soldier's central power source, called the Conformal Wearable Battery. Enovix said the agreement moves the program toward full volume production. The cells will be used to build pre-production CWB packs." - MarketBeat This launched the stock price to $19 ON JULY 6TH. It helps that spy has been pumping making new highs. I feel it will rise in the next few weeks with spy being on an extreme bull run and ENVX following a similar pattern. ENVX, RSI on close to oversold, Williams showing the stock is curling. ENVX is currently aligned with SPY and have the same exact pattern It may run up with SPY so long as it remains bullish. Expect it to touch at least $25 but theres a lot of turbulance up there as thats where it's been consolidating in the past. General consensus PT is $38. Others have placed as high as $100. has an average rating of buy and price targets ranging from $15 to $100, according to analysts polled by Capital IQ. Trade Responsible, #TradeTheWave
AMEX:SPYLong
by FinesseTheWave
Virgin Galactic - SPCE outlook showing signs of strengthLooking a the SPCE chart from a birds eye view it shows the company is overdue for a run. For months it's been trading sideways. It almost looks like it's break out of an inverse head and shoulders pattern. Until recently a spike caused by bullish news sending the stock from around 4.04 to 6.50. On the run up it rejected the 6.50 price and came back mid day to the 4.50 level. The Fixed range volume profile showed from 4.04 to 6.50 on the initial the point of control was shifted to 6.50 where most volume was traded at the top. It showed a new level of support based on the visible range volume profile after it was rejected in the 4.81 - 4.63 range which to me was a buy zone. Even if it drops a little bit im okay with the risk to reward ratio with calls out to July 7th. I wanted to get in it but I wasn't going to buy in at the top. The visible range volume profile showed me that most the volume came from these price levels. The fixed So I took the trade and look for a momentum run up in anticipation of the commercial flight between june 27th and june 30th. The blue horizontal lines represent my take profit levels with the first retesting the 6.50 level. If price moves agressive I'm looking for it to close gaps from the prior months. The closer to launch date I can see it running up because people don't want to miss the run and a lot of buying pressure should be coming in up to these dates. Not to mention there's another flight shortly after in July I believe if there are no delays. We will see how this plays out. My calls don't expire until July 7th after the first flight if there are no delays. Thanks for taking the time out to read this. Trade responsible, Jay #TradeTheWave
NYSE:SPCELong
by FinesseTheWave
USDCAD IS BOOMING POINTSignal Title: Breakout Signal Currency Pair: USD/CAD Signal Type: Buy Entry Point: Break above resistance at 1.3535 AND RETEST Take Profit: Targeting-1, 1.3555, TARGET-2 1.3645 Stop Loss: Set stop loss at below swing low Timeframe: 4-hour chart Rationale: The USD/CAD pair has been consolidating within a bullish pattern, suggesting a potential breakout. A break above the resistance level at 1.3535 would confirm the bullish momentum and present a buying opportunity. Risk/Reward Ratio: 1:5 (Stop Loss: 50 pips, Take Profit: 250 pips) Additional Notes: Monitor economic news releases and adjust stop loss levels accordingly to manage risk.
Long
by jayeshchauhan4545
USDCNH [60] Momentum HeadfakeJan 10th, 12:00PM PST We've had a momentum move into a consolidation with diminishing volatility (aka triangle). This is setup is early in development but worth watching. First we want one more bounce off the horizontal trend line of the consolidation. Then we're looking for this to pullback to the 240 21EMA (to prevent Over Extension) and then a quick reverse back over the horizontal trend line of the triangle. This is the entry signal. From there the target is equal to the momentum move which led into the consolidation
Short
by ParametricTrading