$KSS Swing trading Idea. Support and Resistance zones. As you see that $KSS is on its support zone. I Got rejected few times and I think it is the right time to Buy it to swing trade. Because $KSS had bad earnings but it topped the revenue estimates. Also, in short term support It couldn't break the support.
Swingtradingsetup
DKNG - 17.55% Potential Profit - Bullish PennantBullish Pennant formed out of a correction following a strong uptrend.
Target price set at new potential Resistance bounce.
- Historical Uptrend
- RSI and STOCH above 50
- MACD above Signal
Suggested Entry $37.37
Suggested Stop Loss $36.16
Target price $43.61
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
LULU - 8.49% Potential Profit - Ascending TriangleClear uptrend Support with an Ascending Triangle formed within.
Target price set at a new potential resistance line.
I suggest entering with a Buy Limit order. If limit is not triggered, I wouldn't chase the run.
- Historical uptrend
- RSI + Stoch well above 50
- MACD above Signal.
Suggested Entry $332.94
Suggested Stop Loss $326.66
Target price $361.20
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
ATRS - 10.09% Potential Profit - Bullish PennantApproach this with extra-care, allocate less than usual, and take profit fast.
This is a penny stock and a high-risk / high-reward scenario.
Clear 6-month uptrend Support with a Bullish Pennant formed within.
Target price set at a new potential resistance line.
I suggest entering a Buy Stop order. If the stop price is not triggered, I wouldn't try to chase a dead-cat bounce. Keep Stop Loss tight and adjust accordingly to protect profits.
- 6-month uptrend
- RSI + Stoch above 50
- MACD above Signal.
Suggested Entry $3.10
Suggested Stop Loss $2.96
Target price $3.42
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
BIDU - 14.71% Potential Profit - Bullish PennantUptrend Support with a Bullish Pennant forming and price breakout.
Target price set at a new potential resistance line.
- 5-month uptrend
- RSI and STOCH above 50
- MACD above Signal
Suggested Entry $127.52
Suggested Stop Loss $124.15
Target price $146.29
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
MPC - 6.02% Potential Profit - Bullish PennantClear uptrend Support with a Bullish Pennant forming and price about to break-out.
Target price set at a new potential resistance line. Once broken, it might have the potential for a greater run.
- 5-month uptrend
- RSI above 50
- STOCH approaching 50
- MACD above Signal
Suggested Entry $39.35
Suggested Stop Loss $38.61
Target price $41.72
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
SQ - 5.13% Potential Profit - Bullish RectangleClear uptrend Support and Resistance with a Bullish Rectangle formed within.
Short term swing trade that I would close before earnings on 5th August.
- Historical uptrend
- RSI + Stoch well above 50
- MACD above Signal.
Suggested Entry $133.45
Suggested Stop Loss $130.94
Target price $140.45
ROKU - 8.72% Potential Profit - Ascending TriangleBe careful - earnings tomorrow. I suggest you wait for earnings to be out to then confirm or dismiss the below theory. Once out, I would place an entry with a Limit order to confirm the breakout.
5-month uptrend with Support confirmed multiple times over the past 5 months. Ascending Triangle formed within, breaking through consolidation with an opportunity to touch a new resistance at Sep19 all-time high.
- 5-month uptrend
- RSI + Stoch well above 50
- MACD above Signal.
Suggested Entry $158.92
Suggested Stop Loss $154.41
Target price $175.43
ETSY - 9.95% Potential Profit - Ascending TriangleClear uptrend corridor with Support and Resistance confirmed multiple times over the past 4 months.
Ascending Triangle formed.
Short term swing trade that I would close before earnings on 5th August.
- Historical uptrend
- RSI + Stoch well above 50
- MACD above Signal.
Suggested Entry $117.68
Suggested Stop Loss $114.47
Target price $130
TDOC - 11.24% Potential Profit - Ascending TriangleClear Uptrend Corridor with Support and Resistance confirmed multiple times over the past 2 months. Ascending Triangle formed within, breaking through consolidation.
I would place a limit entry order to confirm the new support.
- Historical uptrend
- RSI + Stoch well above 50
- MACD above Signal.
Suggested Entry $238.65
Suggested Stop Loss $232.37
Target price $265
Waiting On Bullish Confirmation Or Continued Short SignalThis pair has an interesting setup I want to play out no matter where it goes. If it continues to go down, it can possibly form a harmonic for the bull, or just keep dominating for the bears.
If it decides to shoot up sooner than later, that means a pullback is complete.
So I am waiting it out until it hits a zone to determine the next trade.
Here are your TPs:
BULL
• 1.24148
• 1.25035
• 1.26229
BEAR
• 1.23033
• 1.22306
• 1.21150
Looking Bullish To Start Off The Week After PullbackBack from a brief hiatus due to illness.
So let's continue.
Gold is looking bullish for the start of the week. But I'm not sure if it will hold. When the move is confirmed, I'll be taking it to the weekly 1757.72 area and awaiting which direction it'll continue for the remainder of the week.
So this is why you're seeing two directions indicating where the short may happen. If the Coronavirus readings get worse here in the U.S. (and it's looking like it will be), we'll be bullish all week.
So here are your TPs for now:
BULL
• 1754.14
• 1779.64
BEAR
(from the weekly area)
• 1739.48
• 1733.84
• 1722.97
• 1701.69
EURJPY AWAITING OPPORTUNITIESEURJPY is about presenting a New Buy opportunity if we are able to have our desired price action formed to take it to the upside. A lot of patience is required in this market . Join me for more analysis . Comments are welcome. Get in touch if you're interested in learning .
GBPUSD LONGPrice has reached an area at which I expect growth from.
I anticipate price to bounce off the daily upward trendline for a buying opportunity, albeit there's still heavy bearish momentum.
Price has reached also an important area of support from which a buying opportunity is highly probable. Confirmation of candlestick patterns should give signal to enter.
Risk- reward ratio of 1: 6.78
SL: 1.23779 (-39 pip risk)
TP1: 1. 25027
TP2: 1.25992
TP3: 1.26812
Let me know what your thoughts or analysis are on this pair as this should be an interesting setup with lots of pips for the taking :)
Bitcoin 5x Bottom's in Trade I'm taking a 5x long on Bitcoin here. Market sentiment is pretty bearish at the moment. Many traders on twitter and telegram are thinking 6k. Of course anything can happen, but I'm thinking we will hold the weekly 100ma @7765. We can see a sequence of HL and HH has been established.
Also Bitcoin has never closed below the 2day 241ma @6613.
A close below this level would mean doom in my opinion. But being 6 months away from the halving, the hashrate at an all-time high, and sitting on top of the weekly 100ma which is confluent with the previous resistance of early May of this year, I feel we are going up from here.
NVDA bounce test setup NASDAQ:NVDA
The price is at an important level here. If it can bounce of the resistance level, would look for $190+ target. If it can't bounce of this level would cut it. Bull flag on daily and it's gapped above it pre market so this level is very important to hold for the idea to be valid.
This is a nice 3R+ trade if you put your stops in correctly.