This name isn’t there yet, but if it were to continue extending there may eventually be a setup here. Remember, for these setups I need to see things get extreme. This very well may give a reversal from here back towards the 20d, but there's just no way to put a trade on with the kind of conviction that I could if I saw things get silly extreme. So for now just...
This name is really struggling to reclaim the 200d and now has the 20d about to cross underneath the 200d. Not to mention that this etf is compiled of a TON of names that individually would fit perfectly on this section of the Sunday Prep. Will be watching this week to see if it stuffs the 200d and then will be looking for lower highs to join trend. If it just...
Thinking if this can speed up down towards 37 level I would be a buyer for a bounce. Keep in mind, this is weak due to looming lockdown possibilities from Covid resurgence.
Thinking any further panic flush down into the 223 area is a great spot to take a shot at this long. Monthly chart agrees with me. s3.tradingview.com
Umm, hello you fine fine lady. So far pulled right back into levels mentioned last week in the Prep. Hoping we can actually get down a little bit closer to 266ish, but if this is all she wants to pullback then I have no problem watching for higher lows intraday and try to join trend.
Can’t argue with those big green candles and the volume to boot! Thinking if we get any retest of the breakout area/psychological 100 level, it’s going to provide a great area for a high probability long.
Love how this name has created a big curling look off the lows and is starting to show signs of strength. Would look for any pullback to that 40 level to show support and get long. If that area doesn’t hold and we somehow make our way down towards the 20d, I would be VERY interested in the name and may even throw some in my longer term account. But remember, for...
Well, she’s trying to break north of her base. Nothing has happened convincingly yet, but that can change at any moment. First level of resistance will be the shove into the underside of that weekly 20sma. That very well could smack it right back down into the sideways channel. If instead holds the old resistance as support, it may be gearing up for a bigger move...
Everything still looking healthy heading into August. Support for me will be the 20d/monthly pivot 4350ish area, followed by the 50d/annual pivot 4275ish area. 4500 is the first area I see as possible resistance. Let the monthly chart keep you objective about where we are in the bigger picture. Things can’t go straight up forever. Don’t think for a second that...
Still would like to see a retest of that 14000 level. Weekly chart shows just how beautiful that level would actually be. If we get that pullback, I would be very interested in looking for strong tech stocks holding nice levels of support for possible longs. Till then I won’t be thinking too much about starting any new long swings. But I will still take day...
Here’s one of the behemoths. And trading at ATHs. Can they surprise the street enough to continue higher? Hard to say. But I can definitely say that if they disappoint and get smoked, we may get that pullback in the market that we were discussing earlier. This doesn’t make me bearish, not at all. In fact, I actually would love a pullback to some key levels on this...
Nice looking weekly chart here. Feel like over 215 and she goes straight up to ATHs and possibly next leg up. Only concern I have is that it really didn’t spend a lot of time building this new base. If they miss on numbers, I think it can flush down to the 200 level which should probably be a good level for scoops. I don’t think a pullback to that area hurts this...
Remember, the swing idea from a few months ago is still valid, so if you’re idea is to play the longer term long on the name, you can still view any pullbacks towards that 580-600 level as good entries with risk under those March lows. Over 700 and this thing looks like it can get frisky. I really don’t like the short idea on the name unless we were to...
This thing has REALLY ran since we first pointed it out for the possible long setup. But it’s now getting to the point where the move seems overdone. As always, my opinion doesn’t mean SHIT! But I WILL be prepared to fade this if it starts to have some lower highs set in and gives me somewhere to have defined risk. Best case scenario is another day up extension to...
2 ways I see to play this ticker (yes, that’s slightly punny). 1. Short a pop back into the underside of the quarterly pivot/50d/monthly pivot area if it can shove up there quickly. 2. Wait for a break below 166.61 and then look to join trend. If we lose that 161.33 low, I really feel like this has the ability to come all the way down to retest that 140...
Any push back up into the underside of the 20d/50d/monthly pivot/annual pivot area of confluence should offer some extremely strong resistance. Of course the more emotional the push into those levels is, the more I like it. TV chart link:
Hmmm, now where have I seen this name before? Oh, that’s right! It was from our sector analysis earlier where we identified the relative weakness. With an ATR of 2.6, any hard pop back into the 200d should offer a nice opp for a fade. Would even consider leaving room to add at the quarterly pivot at 75.32. TV chart link:
Big volume day with a nice big green candle. Technically it broke out over that 82 level, so now I would like to see pullbacks hold some support. You can see the dips on Friday held around 79.40s, which also is right at the 61.8% fib level. Thinking any early flush to that area on Monday can be watched to see if they support it. If they gap it up, you can always...