$PTON inside week!Just going to start doing one inside week that we can track. $PTON this week!
Very tight range at a support zone on the weekly!
Stayathome
11/29 - 12/03 | $MRNA | Watchlist #3$MRNA $308 or $300 bounce
(If we get below then reclaim these levels, take a position for calls)
Price targets:
308->310
300->305
Technical analysis: Bounce off pivot point around 308 area or bounce off psychological level at 300
Rationale: With increasing news of a new virus variant, vaccine stocks are rallying so there is built up potential for more momentum
11/29 - 12/3 | PTON | Watchlist #2 $PTON +47
(Over $47 for calls)
Price targets: $48, $50
Technical analysis: Bounce off pivot point on the daily chart
Rationale: With increased news of a new virus variant, stay-at-home stocks could continue momentum upwards
Bullish move up or Head & Shoulder?Tdoc playing out beautifully to my previous analysis (linked below - includes my fundamental analysis)
Where are we now? Great opportunity to be accumulating here. This train is loading up for a move upstate.
Head and shoulder? once we hit 235, I will watch carefully. My personal strategy is sell half the position and add a stop on the remaining just around $208. If TDOC fails that bounce I'd be worrying about another deeper dip coming. Fundamentally, May is around the time many expect economy to reopen. Once that happens, Tdoc may take an initial hit as a "stay-at-home" stock perception.
In the short term though, bullish move up incoming.
Good luck!
LULU in weekly oversold conditionsOther than the March 2020 crash, LULU only reached oversold weekly conditions in September of last year after which it rallied 25%. Will we see a similar bounce here? Will depend on strength in NASDAQ/QQQ.
OSTK - Sexy Chart OSTK
Kind of has it all - internet retail, crypto, low float, and decent short interest (17%).
Technically:
-made double bottom
-retraced to the .68fib
-bounced off the 200ma
-growing buy volume
-AO divergence
PTON over 146.58Falling wedge here and a volume profile that sets it up for an easy bounce. Conservative initial target above at 152.95 as there is a volume node above.
HD over 272.05Swing pick. Bullish falling wedge and consolidation ready for breakout. Basing above the VPOC dating back to the last impulse move in late June. Fib levels shown have good confluence with fib extensions. One target provided above ATH as well. S/L 268.53.
PTON over 116.92This one has been in an uptrend but faked us out for the past few days with a number of false breakouts. Shown here on the hourly, a break outside this box at the trigger should yield a larger move, especially if it can fill the gap above from 117.75 to 122.49. This gap can be used as a more conservative entry. Bollinger band shows room up to 119 on the daily and 141.11 on the weekly. These are not necessarily targets, but show one standard deviation of movement from the 20EMA S/L 115.08.
NETFLIX price action for Short term !5 month of uncertainty and Neutral trend for NFLX , But a good positions for short term trading , Buy from the Bottom of the channel and sell from the Top .
Fundamentals : The corona virus has increased again and possibility of cities Lockdown can be positive for Stay-at-home Stocks .
Price Action : Price placed at Bottom of the Channel also the 200 Day moving average is close to the price , So this Level can Be the Good support
P.s : Due to divergence, buying Netflix is Not a Good idea for the long term .
ZM to 340s for a move up after earnings?Would been keen to hear any thoughts from other traders. I believe ZM has potential at least until end of the year at current prices.
Exiting Monday. Looking for entry after earnings.Updated using cycle analysis (weekly and day chart). If this plays out, I will look for the entry after earnings.
Entry = 380-390 After Earnings
Exit = 450-460
Stop = 340
Please comment -- always looking for suggestions and new perspectives.
Zoom - Time To Go Boom?Lockdowns restarting, stay at home stocks getting crushed recently from vaccine news...are we setting up a gap fill to leave an island down below? Would be very bullish if this is the case. Keeping an eye on them for any trend break! NASDAQ:ZM
NFLX $600 before XMASBought some 12/24 550 $NFLX calls for $7.26 today after the sell off in stay at home stocks due to Covid-19 Vaccine news.
Technically this should hold the continuation pattern to the upside and we are likely to see $600 soon.
I will manage the options as we go..
Overextended, due for a pullbackOverbought, at the top of the Bollinger bands, supported by the EMA cloud but likely to pull back to the 20MA, 50MA below that. Long on this stock but it is due for a pullback.
Docusign could be ready to pop again It's stayed above the VWAP from the recent peak, is coming off a near-term volume shelf, and has a volume gap above which can let it potentially rip. Also staying on near-term trendline, not to mention overall covid-tech/stay-at-home stocks are rallying rn
Johnson & Johnson Quietly Basing for ATH MoveTarget annotated in the chart. May take a few weeks, but looks strong.
Slack Ready to Bust a Move$WORK
A name I owned in the 20's but bailed on has quietly based into the 34 handle, is bull flagging with confirmed higher lows, and seems ready to bust out.
Target another 15-20 from here.
MGM - Divergence was corerct. How low will it go now?Hello Investors,
Last time I made a bold statement that probably was distasteful to read. However the divergence we looked at did work and MGM did drop, I'm happy about that turnout. I didn't make any money on the drop, but it tells me I'm in harmony with the market sentiment at the moment.
Looking at the current 200 MA (close), I think the price will gravitate towards the 200MA. I'm pondering the questions, "How low will it go before it goes back towards the 200MA?".
MGM is a CASINO, it will bounce back it just depends on locals and tourists going to the casinos. People love to gamble, if the casinos are still closed that means people can't go inside to spend money. MGM acting CEO stated that all USA MGM's were closed, Macau MGM(been there) is still open. MGM USA will stay closed until the state stay-at-home order is lifted.
"Nevada: Gov. Steve Sisolak said in a press conference on April 21 that there is no firm date when businesses will be allowed to reopen." (source: abcnews.go. com/US/list-states-stay-home-order-lifts/story?id=70317035)
I hope this was valuable. Please comment, like and follow, I would appreciate it.))
