Shortidea
$TMUS now shortClosed TMUS calls up about 40% and flipped to the short side.
I heard Cramer was pumping this week, that alone should have been my signal,
but technically on the weekly it seems to have been rejected at 135 resistance and a volume uptick this week
Momo is also turning and seeing Bearish confluence in the MACD
First PT $123 with a possible move down to the 30MA (orange line) similar to FEB's price action
US DOLLAR SHORTFrom my technical analysis, MONTHLY & WEEKLY timeframes are well positioned at the resistance level. Daily timeframe has shifted structure. I will advise you to wait for 4H to change market structure to short.
This is for SWING traders but for shorter term traders, you can adapt this to your strategy.
For next week, I will be looking for long opportunities in Both EURUSD AND GBPUSD. Also a short opportunity in USDJPY.
Cheers fam!
Amphastar Pharma | AMPH | Risky Short?Amphastar Pharmaceuticals ( NASDAQ:AMPH ) is currently at historical resistance after reaching a new high today at $34.42. It's now above the average analyst target ($28.50 as of 3/7/2022) and insiders have sold $2.2 million in the past 2 months. Earnings on March 10th. The float is near 37 million with a 5.5% short interest. It is at "risk" for a squeeze/breakout, but given how extended the play is, there could be a selloff post-earnings. Gap to fill below between $26.20-$26.49. Target 1 is the gap fill / 50 EMA (yellow line).
$CCJ closed calls for small gain and went shortCCJ daily candle closed pretty bearish today, and looking at the two upper resistance lines, I'm favoring the downside trade after taking small gains on my longs.
An idea would be to go short with MARC 23 puts.
First target is the 20day MA (blue line) , a break lower there and I'd be targeting the trendline support (black line)
DE Deere weekly short ideaDeere recently reported earnings causing sellers to step in last week for a -6% rejection on an attempted box breakout.
In my opinion, Deere looks like distribution and at the very least, should continue to see more downside in the coming weeks - Typically after a failed breakout price should retest lower box support or $327 zone.
With Russia / Ukraine, CPI and Fed rate hike head winds, I like the R/R on a short trade here.
I'm in APR $350 Puts with -25% premium stop, target is $327 zone.
TMUS T Mobile Short IdeaTMUS - the street liked recent ER with a nice pop up to 122 zone resistance. So far unable to break higher however still holding.
With the gap below, I'm speculating on a move to the down side, retest trendline / close gap before seeing more upside.
Will be watching this week if price holds or continues up I will close my short at a loss.
At the very least I'm expecting some retracement after such a move up on relatively weak name.
A break above 122 will flip and go long, as trend will now be up on the shorter term daily look.
Tutorial | How To Create An Order Panel Trading TemplateThe TradingView Order Panel doesn't currently have a template setting to save the order parameters. Here's a work around thanks to a comment from @thatjeph Appreciate it!
Instructions:
1) Using the Long/Short Drawing Function and drop it on a chart.
2) Adjust the levels to reflect the trade entry, take profit, and stop level. (Note: The default quantity is a bit weird)
3) Save the object as a Template named to reflect the settings.
4) Right click on the trade object and Select > Create Limit Order.
5) Boom - you Order Panel is opened with the trade setting from the order object.