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Stocks To Watch This WeekThe Market's longer term uptrend still intact and things look cautiously optimistic. 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 18 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!
NASDAQ:DLTRLong
by Jtacher51
1
AUDNZDTechnical: Potential Double Top on Daily Timeframe. Possible rejection at the 200 ema. Price recently broke out of downtrend dated back to May and could be in position to retest the previous low from November. Fundamental: New Zealand has a higher interest rate having hiked twice currently at 0.75 from 0.25 and expects to get to 1.0 sometime next year. They plan on 4 hikes since they started ending towards the end of next year while Australia although considering to still make that decision, have sentiment that it may not need to hike until 2023. New Zealand has more reason to start taking action to strengthening their economy. I usually wouldn't trade a lower GDP country on the bull side however, I'm going off the interest rate hike news for an economy that's trying to recover. Higher interest rates, stronger dollar, given historical chart data even if priced in, I want to see if we can get a boost somewhere in the future for the NZD. Not Advice! Trade could go wrong but that's why we keep practicing!
Short
by Redimere_91
RobinhoodLooks like we are getting some consolidation around this area with a strong bullish candle kicking in. I know a lot of people may not like this stock. However, investing and trading is all about finding stocks that are under or at its fair value while giving it time to move. Benjamin Graham liked beat up stocks that have some juice left in it. Well this is Robinhood. Robinhood introduced me and a lot of my peers to investing/trading and have either changed our lives or given us sentiment that we can change things down the line for ourselves and family. This is that type of trade for me. There isn't a good amount of MOAT. However, I like that this company has the attractiveness to the youth with how easy it is to navigate the app and getting in and out of trades and even learning about different things. They make their money like any other broker through spreads etc. I've been using Robinhood for a year since I've began trading and have seen the development of the app continue to grow. Honestly, when most people beat up a stock that tells me that they may be doing something good to be honest. Reminds me of when Facebook went through their recent situation and look at their stock now. From an annual perspective, they have increased their free cashflow. Operating Activities increased. They are investing more into their business. Assets overpowered liabilities. Total Equity has increased. Debt has increased but not as much as the income they have brought in. Net income is out of the negative and their EPS is out of the negative. This isn't the end all be all. However, this is what I would consider to be a damaged stock that has juice left. I want to see a retracement of 38% or more of the previous high. Let's see what happens by 2024! Not advice! This trade could go wrong. That's what trading and investing is about. Let's keep working on getting better!
NASDAQ:HOODLong
by Redimere_91
GBPUSDAfter reading an article via Reuters, gross domestic product in the world's fifth-biggest economy increased by 1.1% in the third quarter, weaker than a preliminary estimate of growth of 1.3% as global supply chain problems weighed on manufacturers and building firms. Investors are braced for a further slowdown in the fourth quarter of 2021 and a weak start to 2022 due to a rise in COVI9-cases caused by Omicron which has hurt Britain's hospitality and leisure sector and hit retailers. Although on the daily timeframe, we are on a strong bullish candle, we've located a double top on the 4 hour timeframe. This pair has been on a downtrend since June of this year due to economic growth being slower than expected. I don't see why the US economy would grow slower than the UK is trying to recover. I don't want a homerun, just a retracement of at least 38% of the previous low on this time frame. Let's see what happens. Not advice* This trade could go wrong. However, it's about getting better!
Short
by Redimere_91
JPMorgan ChasePotential double bottom setup here. I like this companies financials. It's a credit card company so I'm thinking about the attractiveness of reward points and holiday spending. Even though it's not estimated to be a great holiday season for some, I'm more so thinking about the surcharges and end of month billing here. Chase is also a bank on top of that and just in case they raise interest rates, this may not be a bad move. I want us to reach anywhere between 50-68% of the previous high which was set inn October. I love financials around this time of the year. Let's see what happens! Not Advice! Only an Idea! This trade may end up going wrong. That's the nature of trading! Let's keep getting better!
NYSE:JPMLong
by Redimere_91
USDSGDOn the monthly we are coming out of a weekly buyzone. Looking for price to retrace the previous high. We are on the low side of the macd with it losing some momentum. It may take a while to reach its target. However, I need to focus on one chart that looked promising on the forex side of things. I don't need to trade everyday. I'm working on my discipline as a trader and am learning how important it is to just calm down. I like the DXY gaining strength towards the end of next year with interest rate hikes. I like the positioning of this chart. I will be patient and will update this chart as I see fit. Not Advice. Good luck!
Long
by Redimere_91
1
USDJPYLooking at the DXY, it looks ready for a retracement. I wanted to find a pair that looked good and that was near a high. USDJPY looks like a double top on the 1 hour time frame. For those following we previously entered the USDZAR last night and although it didn't reach the 38% target, it got close and we closed out in profit. With the BBB bill not being passed, there is sentiment that the economic growth will slow a bit. Although I'm still bullish on the dollar, the interest rate hikes haven't came in yet so I'm following the flow of technicals as I'm looking for support on USD pairs to get back for the next retracements. I'm only looking for a 38% to 50% retracement to the down side. I do feel like we are neck and neck as far as economic power with Japan. I don't know everything that's going on there, however I know that charts are all about retracements. I would say that this pair is overvalued and needs to retrace a bit! Not advice! "It's not about being right more than it is about being smarter than your last trade!"
Short
by Redimere_91
USDZARA little late posting this to be honest. However, I think this is still a good move. Double bottom on this timeframe, Mac D losing momentum on the recent pullback. Looking for 50% of the previous high for a retracement target. I'm seeing that ZAR has a stronger interest rates but I want to see if or why the USD will be or is stronger than the ZAR regardless of interest rates. Even though the interest rate are stronger on the ZAR and both countries expect hikes next year, I noticed that the unemployment rate was drastically higher in South Africa. the ZAR is facing a more stringent debt issue than we are (allegedly). If we handle our situation quicker than theirs, I could see our dollar being stronger over time. (Opinionated) check via tradingeconomics for source. Business confidence has remained stagnant with confidence in the US increasing a small amount since last report. With this info here and information sought out earlier, I would think that the overall sentiment in South Africa is low from an economic perspective. Not Advice! "It's not about being right more than it is about being smarter than your last trade."
Long
by Redimere_91
USDMXNI will bet on the USD vs the PESO any day of the week. Especially when those interest rates hike! This is honestly more of an economical trade for the long term. Ill exit at the targets. Previous high was broken and we are transitioning to the top side of the MACD on the 1 hour timeframe. When interest rates hike, the dollar gets stronger. Not advice. But I like this trade a lot. I honestly left my crypto trades for this to study this more. What do you think?
Long
by Redimere_91
2
General MotorsLooks like a double top was confirmed here. I would love to see a W pattern form now for a better price. With the fear of the new COVID variant, potential rate hikes next year, and high CPI reports, some investors may be dropping this stock at the moment which is understandable to some degree. I can see how investors may fear that there may be less car sales next year due to mainly not as much driving if the variant gets worse as well as the interest hike having an affect on vehicle financing. However, this company has proven its ability to weather the storm when COVID introduced itself to our soil. This is still America's car as well as Ford respectfully. Since 2018, assets has outshined liabilities, total equity has been increasing steadily, cash from operating activities have been stable, they have been taking on some new debt but not as much as they have between 2017 -2018, and although they are cashflow negative, it has been increasing since 2015 (-11.27B down to -3.86B). They have also been doing a decent amount of work in the investment area. They've recently announced plans for VAC (Germany materials company) to build a plant in the U.S. that will manufacture permanent magnets for the electric motors used in the GMC HUMMER EV, Cadillac LYRIQ, Chevrolet Silverado EV and more than a dozen other models using GM’s Ultium Platform. They've partnered with MP Materials the formation of a strategic collaboration to develop a fully integrated U.S. supply chain for rare earth magnets. They've announced plans to invest more than $51 million to install state-of-the-art equipment at its Bedford, Indiana aluminum die casting foundry to support the manufacture of drive unit castings for the upcoming Chevrolet Silverado EV and other current casting applications. They've also announced plans to form with a joint venture with POSCO chemicals through which the parties will construct a factory in North America to process critical battery materials for GM's Ultium electric vehicle platform. They've done all of this in December. Let's see what happens! Nothing like a Chevy and an slice of Apple Pie! Not Advice! "It's not about being right more than it is about being smarter than your last trade!"
NYSE:GMLong
by Redimere_91
Solana Retracement Trade Update (1 Hour TF)In our previous publish, we are still long on Solana. However, charts are all about retracements. Looks like a potential Double Top has formed. Looking for a retracement toward the previous low up to 50% which would be around $177. Having been in this are 4 times throughout the month. I want to see if we can reach this price during this current retracement phase. We are losing momentum on the current uptrend (green shifting to purple) on the mac d focusing on the 1 hour and the 4 hour. My stop loss is $189.22. I know it's not the best risk management. However, I like to set my stop losses at previous high's or low's to stay true to the chart. Not advice! "It's not about being right more than it is about being smarter than your last trade!"
BITFINEX:SOLUSDShort
by Redimere_91
AVAX! Swing Set up AVAX! Is getting a great support. WE SAW NICE DUMP ON ALL CRYPTOS. That is why is so important to place a stop loss and actually know what is your risk and your Reward not just money but % wise. Risk management and RATIO 2:1 is Essential. That is what we do we all do Risk and reward. If YOU NOT a hater and support others like this post! It does MAKES A DIFFERENCE This one Falls In our research on swing set ups with a good ratio of Risk and Reward. As always er put quality over quantity, don’t forget to follow us for SWING trades research on risk and Reward Ratio. Subscribe and don’t miss OUT the next research. Swing trading is great because you can create a lot wealth in % by risking less $$. Compound Gains. Thank you for the Love, I really appreciate those likes, makes a difference and pushes me to keep on posting more of these!
BITFINEX:AVAXUSDLong
by JhonMontana