$MU | WEEKLY WATCHLIST 11/29No changes from last week. Still waiting for larger degree wave 2 before buying in.
TECH
$MSTR | WEEKLY WATCHLIST 11/29Do you regret not buying Tesla under $700? Well... you're in luck. MicroStrategy under $700 is a GIFT. Look for $635 to hold as support and a sharp move higher towards $1000. Don't sleep on this one.
11/29 | QQQ | Watchlist #1 QQQ -387
(Below 387 for puts)
Price targets: $383, $375
Technical Analysis: QQQs has been in a linear regression channel for the past year so under 387 will begin retesting the bottom of the channel
Rationale: With increased news of a new covid variant, if QQQs continue to sell off, the plan is to buy and hold a $380 put for a month's expiration 12/24
$AMZN | WEEKLY WATCHLIST 11/29Like Apple, we expected Amazon to pullback while most were super bullish. A bit more uncertainty with this one, as we can call this pullback either a wave 4 (if we hold 50%) or another nested 1-2 (if we hold $3350-3440)
No longs for now.
$AAPL | WEEKLY WATCHLIST 11/29Short-term, Apple doesn't look too hot. False breakout last week while everyone was super bullish, however we saw this one coming and didn't rush in. I'm looking for a retest of the diagonal breakout which also lines up with the golden pocket. Daily Oscillators need to cool off as well.
If markets prove to be strong through the end of the year, we may get a shallower retrace for wave 2. Target above remains at $180+. Be patient friends.
Stocks to Watch Relative Strength Edition The Market's longer term uptrend still intact but short term looks precarious. 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 24 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!
Trading Idea - #NVIDIA - needs correction#NVIDIA SHORT in the mid-term!
ENTRY: 295.60 USD
TARGET: 236.77 USD (+ 20% profit)
STOP: 317.40 USD
NVIDIA Corporation operates as a visual computing company worldwide. It operates in two segments, Graphics and Compute + Networking.
1. Chip maker Nvidia (NVDA) caused euphoria with its announcement that it is developing technology for Metaverse applications. Nvidia shares soared on Thursday after a positive report from a Wall Street analyst. It hit a record high on Friday before falling back.
2. The big problem that I have with NVIDIA is that CEO and president Mr. HUANG JEN HSUN is constantly selling huge amounts of NVIDIA shares this year! Some of the 2021 major share sales:
September sale value: 47 millions
August sale value: 84 millions
March sale value: 35 millions
January sale value: 110 millions
3. In the long-term this looks definitely as a good investment because the upward trend is fully intact.
RBLXRoblox is going to 160 ultimately at some point. This is the one to keep your eye on and keep buying dips on 114 lvl.
Could ultimately catching a pump like Upstart once had IMO.. huge hype on this name. Been long since 102$.
FBFacebook seems to be targeting 355-366 on a bullish move. I really want to see this hold 336 for a move to the upside, if it can't hold that lvl it will unfortunately see downside momentum ! Good luck on the trades but I'm very confident on Facebook leading QQQ ! !! ! !! Happy Thanksgiving one last time !
$AMZN | 11/26 | Watchlist #2 $AMZN +$3588 or $AMZN +3620
(Over $3588 for calls)
(Over $3620 for calls)
Price targets:
$3588 -> $3600
$3620 -> $3650
Technical analysis: Double bottom off pivot point
Rationale: Black Friday shopping
$AAPL | 11/26 | Watchlist #1 $AAPL +$162.2
(Over $162.2 for calls)
Price targets: $163, $164
Technical analysis: Bull flag on the hourly chart
#PLTR reacts well on 20$ support and closed above yesterday highAs I shared this morning, I hoped for a daily close abve the high of the yesterday doji candle. The price managed to close higher than that and this is to me a great sign of possible reversal and confirmation of the rebounce from the 20$ level.
I just would like to mention that the last two times the RSI touched the oversold territory (May and July 2021) the price reacted reaching an average of 45% increase and I want to think that this might be happening again this time.
Not a financial advice, just personal opinion. Do your own due diligence and good luck!
$ROKU | WEEKLY WATCHLIST 11/22Like PayPal, Roku still has some more downside to go before a potential reversal. Not interested in long setups until we tap $220 region. Don't get burned trying to catch this in the meantime.
$PYPL | WEEKLY WATCHLIST 11/22Very ugly move for PayPal last week. I have since taken profits on the initial bounce we got from $201 to $215. I hold no options for the time being. Weakness from last week opens up the possibility to see $169-170 get tested before a major low is potentially put in. Be patient with this one and careful catching a falling knife with weakness present.
$OSTK | WEEKLY WATCHLIST 11/22Pretty uneventful week for this one last week. Plan stays the same, and looking for wave 2 buys below in the $98-103 region targeting $132 ultimately. Staying patient here.
$NIO | WEEKLY WATCHLIST 11/22After patiently waiting months for the chart to develop, I finally pulled the trigger to enter last week. It is CRITICAL that we hold this $37 region, otherwise I will have to re-adjust my count. Looking for major targets at $48.56 and $57+ above.
$MU | WEEKLY WATCHLIST 11/22Swing execution plan still remains the same. Micron just decided it wanted $80+ first. Still seeing this initial impulse as a wave 1 and looking for a wave 2 below. Since wave 1 was larger than I expected, I have adjusted my count for waves 2,3,4 and 5 to accommodate this change. (much larger 5 waves up)
$FB | WEEKLY WATCHLIST 11/22This setup looks primed to continue running up! Beautiful inverse head & shoulders pattern as well as a bull flag breakout on Friday. Looking for a pullback into the $339.6-344.17 range to buy the dip on Monday/Tuesday. Targeting $370 to the upside.
$AMZN | WEEKLY WATCHLIST 11/22Crazy move last week above the previous $3605 pivot. R/R and upside here is limited in my opinion before a wave 4 pullback happens. Looking at the $3500-3650 range to potentially enter a long swing. Be patient with this one.
$AAPL | WEEKLY WATCHLIST 11/22Great move above the diagonal trendline last week! We have since taken profits since R/R is lower than I would ideally like up here. Looking for a wave 2 pullback in the $152-155 region which should be buyable. Targeting $170 to the upside if my thesis holds true.
NFLXLooks ready to go crazy to the upside if it can hold the 650-670 area. Targets 740 to the upside.
More money out of roku into netflix?
FBLooks like a potential winner to me in tech for the next couple days/weeks while a name like AAPL just got near its s/t top iMO.
355 367 384 400 R lvls to the upside
337 330 support on downside.
Too Many Windows Makes Me Micro Soft this stock has had one too many pies don't mind me it could be the whisky
one too many pies
PIES
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