How To Play CATI am personally bearish on CAT but I believe this provides a great opportunity to see if a great dip is available when the opportunity strikes. I currently see the 170 VWAP support as a great target, but there also lies a Fibonacci support that rest at 185.87 so keep an eye out for that zone. I will now begin and demonstrate why I'm bearish on this stock.
ANALYSIS
I am taking a look at the weekly time frame as I believe that greater demonstrates the degree to bearishness this stock is in, although I will update this analysis with a chart of the daily which also indicates bearishness. The first sign of bearishness was the rejection of VWAP resistance at 213. After that we have seen the green EMA cross the red RSI towards the downside(sell signal). Not only have we gotten that conventional sell signal but the Blue LSMA has been crossed by the Green EMA indicating more downwards pressure. If you are long then you don't want that Blue LSMA to cross below that 20 level or else we are going to see even greater expansion to the downside.
Targets
- 1st 186
- 2nd 170
Stockstowatch
ROKU Reversal!!You don't need to be a candlestick expert to know how to trade them. It doesn't matter if you know the difference between a doji and a spinning or a star and abandoned baby.
They all have one thing in common, the next candle needs to open clear above/below the prior. Over precision is not a traders friend.
ROKU +50% in ~45 days from this exact price twice before. Will it be three times before the end of the year??
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📈Technical Picture📈
The stock has experienced a rather meaningful 25% retracement from the $125 per share highs and is currently sitting in an oversold territory at a multi-year support area, which is favoring LONG positions. All of the indicators that we monitor are also turning up higher, signaling the building up of bullish momentum in the stock. The first major resistance that the stock will face and in our opinion will definitely break through is around the $125 area. Once the previous highs are broken then the stock will be easily heading higher towards the next round level of $150 per share.
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Dow Experts
SBUX Update(bullish)I am pretty bullish on SBUX and its for notable reasons. A while back I was watching this stock and saw the first indication of bullishness via the Weis Wave, which indicated less interest on the short side of SBUX. We then started seeing reduced selling momentum which also indicates bullishness. Using VWAP, we can see that we are seeing bullish money pour in while having a VWAP resistance lay at 118.69. I believe we will overcome this resistance due to the bullish signals given by the squeeze indicator and the Willy oscillator. Due to the given signals, I think we will see a decent sized bull run.
Bullish Signals
-Weis Wave
-Squeeze indicator
-Willy Oscillator
-Short term VWAP
-Close above Fibonacci Support
What to look for (Visa)There are some notable bull signs that can be seen on Visa. One of them is a close above the swing low. Another bull signs is the reducing selling momentum + Willy Oscillator. Another bull sign I want to brief on is the Weis Wave. The weis wave is indicating that there is less interest on the short side of Visa. I'm personally awaiting a shift in the weis wave to confirm that we are consistently getting less interest towards the short side and will then execute long positions on this stock, but I believe the probabilities are stacked in the favor of longs.
Bullish Signals
-Squeeze indicator
-Willy Oscillator
-Weis Wave
-Fib Support
▼Side Note▼
-On the 15 min Chart we were given a sell signal. This may potentially allow for dips to catch if it is followed by reduced momentum.
BFLY Price Target $20BFLY Current Price $12.20 Price Target $20
I like BFLY here, as it has over $500 million in cash following its merger with Longview, and I like that it is fully expected to be cash-flow positive by 2024.Revenue increased 40.0% to $16.5 million in Q2 2021 from $11.8 million in Q2 2020. The revenue can be traced to both product and subscription revenues. Product revenue increased 30.3% to $13.0 million from $10.0 million last year. That is solid. The company is focused heavily on improving subscriptions, and it is translating to sales. Subscription revenue increased 94.3% to $3.5 million from $1.8 million last year. I see this line of revenue growing sizably in the coming quarters as it becomes a bigger focus of the company. With a half of billion in cash BFLY has significant funds to continue growing their customer base with their innovative cost cutting products. Their Butterfly IQ+ is a handheld ultrasound which is cutting the cost of ultrasounds by over 90%, this opens up the opportunity for the company to expand to developing countries with this amazing cost cutting innovation.
Buy The Dip(SBUX)I have done further analysis on SBUX and why I like this stock on another one of my ideas so I think this is a great buy the dip opportunity. We are seeing a decrease in selling momentum, Willy buy signal, and the daily weis wave dictates little bearish interest on this stock. I like this stock but one thing we do need is for the Williams %R oscillator to signal another crossover for greater confirmation. Watch out for an increase in selling momentum, but for the time being I am holding this stock. I am personally watching the 120 zone for price targets, but it is always best to exit trades when you are given the signal to do so.
▼My Other Analysis ▼
AIRBNB Can Go HigherTraders, AIRBNB stock broke out and can now form a complex FCP W pattern which can take the price higher. But after such a violent move, there can be some profit taking so it can first fall down a bit to test 200 sma and then if we get a confirmation to the upside, this will become a good BUY stock. Watch it closely.
Rules:
1. Never trade too much
2. Never trade without a confirmation
3. Never rely on signals, do your own analysis and research too
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✅ Follow me for future ideas, trade set ups and the updates of this analysis
✅ Don't hesitate to share your ideas, comments, opinions and questions.
Take care and trade well
-Vik
____________________________________________________
📌 DISCLAIMER
The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of education only.
Not a financial advice or signal. Please make your own independent investment decisions.
____________________________________________________
How to Play AAPLPersonally I believe AAPL is in a conflicting state to hold plays in. My main concern regarding aapl is the amount of volume it is getting. The weis wave indicates that volume towards the bull and bear side are both low, meaning that we can't properly dictate where the stock has a greater chance of going. Not only have we been getting low volume, but we have been consolidating off of the 145 support and the 151 resistance. Consolidations tend to mean that a large move is in the making so I would personally wait for confirmation on whether or not to go on the long or short side. I believe we will see a bounce back to the 145 support and potentially a bounce back to the 151 resistance as we've seen for the past few days. Watch for breakouts.
Molecular Data Inc. $MKD - Long idea 💡 ⚠️ This idea is based on my technical analysis only. Do your research and trade on your own risk!
FSD Pharma Inc. $HUGE - Long idea 💡 ⚠️ This idea is based on my technical analysis only. Do your research and trade on your own risk!
▼Notable Bull Signal▼In the short term SBUX looks like there is still room for a dip, but greater time frames provide that of bullishness. On the 4h and 15min it can be observed that we are getting bearish momentum, while the daily shows a reduction in selling momentum. One notable bull signal that is given by the daily and the weekly is the Weis Wave. The selling volume has been steadily decreasing, indicating we may see more up-side.
▼ Daily Bull Signals ▼
Squeeze Indicator
Cycle Willy
Weise Wave
▼ Weekly Bull Signal ▼
Weis Wave
▼TWTR Potential Buy▼TWTR has displayed notable bull signals such as reducing selling momentum, buy indication on the Cycle Willy, and a change in wave from the Weis wave. I believe this stock is setting up for a decent bull run, but I want greater confirmation on the daily time frame. All the bull signals I have just stated would increase the validity of the play if it was also on the daily. Watch this stock.
▼ Bullish Signals ▼
Squeeze Indicator
Cycle Willy
Weis Wave
MNKD Fibbin AgainMNKD is back at a frequent level of "traffic" this week. After doing a quick retracement we can see that the 618 area continues to act as a magnate a key pivot area. After bouncing off this last time, MNKD has continued higher on a decent multi-day move. Now, moving forward, a fundamental focus could be on what happens with its next potential commercial product, Tyvaso:
MannKind’s collaboration partner, United Therapeutics (NASDAQ: UTHR), previously submitted an NDA to the FDA for its Tyvaso DPI product. This is a potential treatment for pulmonary arterial hypertension and pulmonary hypertension associated with interstitial lung disease. In response to the strong Q2 performance, Michael Castagna, Chief Executive Officer of MannKind, said, “I am really proud of how our team has executed so far in 2021 supporting the growth of Afrezza and preparing for the potential commercial launch of Tyvaso DPI.” With this as the backdrop for a recent rally in MNKD stock, it could be a sign to have it as one of the penny stocks to watch heading into the second half of the month.
Quote Source & Read More: Best Penny Stocks To Buy Right Now? 5 To Watch Before September
Telstra Jumps On Declared Special DivAbove we see the TLS weekly time frame. Technically, the moving averages are in a bullish stack with the shorter-term green > intermediate orange> longer-term red. Moreover, there is good angle and separation which indicates a strong momentum for the telecom. On a classical charting basis, TLS may have charted a double bottom, which is an accumulation pattern. The company released its results today, saying that it expects to return to full-year growth in its fiscal 22. During the current period, the company paid down debt and monetised more than $2bn of assets. Of note, shareholders will receive a fully-franked dividend (i.e., paid from earnings after tax) of 8cps, which included a special dividend of 3cps.
DLO BUY/LONG INCOMING BUY ENTRY! 41.53 to 65.10 BY END AUG 2021 TICKER CODE: DLO
Company Name: DLOCAL LIMITED
Industry: Technology Services Packaged Software DLO
Position Proposed: BUY
FOMO BUY ENTRY: NOT READY (48.88)
NEXT BUY ENTRY: (41.53)
1st Partial Take Profit: 53.70 (August 2021)
2nd Partial Take Profit: 65.10 (August 2021)
Stop Loss: 33.25
Technical Analysis
1. Bullish Flag Pattern
2. 1st Partial Take Profit is at structure level
3 2nd Partial Take Profit is at Fibonacci Extension Level 1.0
4. 2nd Partial Take Profit is at full pole length of Bullish Flag
5. Stochastic Overbought soon
TSLA UPDATE!! POTENTIAL FALL TO 497.00 BEFORE A BUY/LONG TO >800BUY ENTRY FOR TSLA: 497.00 (EAR SEP 2021)
NOTE: MARKET MAY TEST UP TO 763.70 BEFORE RETESTING TO BUY ENTRY LEVELS. (THERE IS A FALLING WEDGE IN 30M)
THE EARLIEST POTENTIAL TAKE PROFIT AFTER BE: 801.05 (OCT-NOV 2021)
TECHNICAL ANALYSIS:
1) Flagpole + Rising wedge to push the market back down to Buy Entry levels.
2) Larger Flagpole + Falling Wedge now forming to Bottom Half of the channel.
3) Buy Entry-Level coincides with the Price Range of the Flagpole+RIsing Wedge and the key support structures.