$CHPT July Update*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team has been swing trading EV sector tyrant $chpt for the past couple months. In this time-span it has continued to bounce from its $20 support zone . The potential is undeniable for an established EV company like $chpt. There is also an impressive amount of option calls which suggests bullish momentums. We recognized the bullish price action of $CHPT and averaged up from our original entry of $22 at $24.35 on 5/30/21.
$CHPT currently sits at $28.01 per share.
My team planned to average up one last time on $CHPT if the opportunity presented itself...that time has come
My team bought more $CHPT shares today at $27.80 per share. This is our 3rd and final entry.
We have also raised our initial take profit to $41 per share.
1ST ENTRY: $22
2ND ENTRY: $24.35
3RD ENTRY: $27.80
TAKE PROFIT: $41
STOP PROFIT LOSS: $26
If you want to see more, please like and follow us @SimplyShowMeTheMoney
TECH
Fib Levels On AEHR Going WAY BackHad to take the AEHR chart all the way back out to 2017 to find some levels to plot. Took the fib retracement and look what we found: high traffic area around the 236 level. Tested it for the first time since 2017 and failed to break & hold. After pulling back, AEHR came within testing distance of the 382 level. After such a huge extension it will be interesting to see if it ends up consolidating above this level or if it tests (or breaks below) it.
"If we consider that the market for computer chips is extremely in demand right now, we see just why AEHR is getting so much attention. While it is not a producer of these chips, it does work as an ancillary company in the industry. In the past six months, shares of AEHR stock have rocketed higher by around 31%. Over the past twelve months, that number shoots up to over 45%... Only recently, Aehr Test Systems won a $2.9 million follow-on order for its FOX-XP Wafer Level Test and Burn-in system as well as multiple WaferPak Contactors from its lead silicon carbide customers. While this alone is not a be-all-end-all deal, it is a big step for the commercialization of its products. Additionally, large orders tend to help with the notoriety of a product and can lead to more orders in the future... ...While many gains with penny stocks occur without news, AEHR made an exciting announcement in the early morning on Monday. The company stated that it received a $10.8 million order for its silicon carbide test and a burn-in customer regarding its FOX-XP systems its WaferPak product... "
Quote Sources:
7/12: 5 Top Penny Stocks on Robinhood That You Should Check Out in July
7/19: 3 Top Penny Stocks For Your Monday Morning Watchlist
NVDA Buy LevelsThe color coded support levels shown on the chart are the levels I am currently watching on Nvidia should an extended pullback occur.
The levels were found using a simple, multi-fibonacci retracement method based on previous swing highs and swing lows that allowed me to spot local fib levels. I will possibly make a post on this one day as an educational resource.
There is a lot that will go into this so there is no way I can cover everything in this one post. So check for updates in the future.
In the meantime, we will start with the most bearish scenario and that would be below the .236 fib level at around $715.
I personally do not trade below the .236 but there is no rule that exists that you shouldnt. Its simply my personal preference not to.
This is the basement floor where many traders would choose to place limit orders with hopes that they hit. This is the area where the largest potential gains are made.
PLEASE NOTE: Nvidia does not HAVE to reach these exact prices. This is just simply a point of reference for one to borrow. Please apply your own analysis to come to your own, best conclusions.
With that being said, my favorite fib levels to buy are primarily whatever level the current price is closest to. Which means the .786 level near $812 is the level that should get your attention as of right now.
As you can see, the price wasted no time dropping to this level and one should note that this was not random. The first level that price usually pauses at when pulling back is the .786 fib level. And if this level holds on larger time frames, that would be the first signal of a possible bullish reversal/continuation. If this level holds on the weekly, bears will be at risk of losing momentum, and bulls could retest the all time highs again.
On the flipside, if NVDA breaks the .786 fib level ($812) then that would be the first true bearish signal. And although this is a daily chart, we are truly looking for closes below/above the fib levels on the WEEKLY.
The lower range of each fib level are the buy areas. The tops of the fib levels are the expected rejection areas.
You can see the price at each corresponding level as follows:
$838
$812
$791
$777
$762
$744
$715
To the left of the candle sticks on the chart you will see an example of how to ladder buy simply using the fib levels. It is fairly common sense but one should feel free to tweak it and apply their own strategies as long as risk management is being practiced.
Check back in the coming days on this and if you have made it this far reading this please leave a like!!
Couple intraday setups for SE this stock has been hotThe context behind this trade is simple - it has upward momentum every time it reaches demand zones it shoots up.
I found out SE on an options order flow website and it led me to be super bullish on the stock .
Then I realized it’s similar to apple in a way considering it’s a consumer discretionary and tech bundled into one , also Singapore is supposedly the new Mecca of tech in Asia.
Do your own DD but this is why I am taking this trade.
I always read the tape before taking an entry , I exit when price action tells me to head out or after volatility ceases as I primarily scalp options intraday or on higher time frames if the opportunity presents itself , again this isn’t advice I’m just giving you an idea as to why I’m taking this trade .
There are more than one ways to skin a cat and I hope someone else finds something different in this or it sparks a new idea.
Let’s conquer these markets together.
Cheers.
FB short 7/16 Facebook has broken out of the triangle and pushing down under support lvls.
333 Should be a great place to find a bounce off FB and make some quick profit..
If Facebook breaks under 330's we'd see a trip back down to 318.
Let's hope we can find a bounce on the mrkt and keep the forward momentum in favor of the bulls.. if not we're prepared to play both sides!
TQQQ : AAPLA clear divergence is forming between AAPL, TQQQ, QQQ
July will be the High for NQ IMHO, it will see a large correction
beginning next week.
Semiconductor Sector has immense issues.
We could see a 20% decline in Tech as shortages will crimp
earnings as Input Prices are being rejected.
The NQ has the potential to make a new high, it must break
the Range posted earlier this morning or failure will occur.
A decline will be rapid, NQ always follows RTY.
NQ - Range for Friday 14976 will be important Level for OPEXWe are Neutral for Today, VX during Roll should continue to come under pressure.
Should the VX break 16.90 we could see a quick flush down to ~16.50s.
Ahead of Jackson Hole, there will be an effort to continue the Trend - which
remains Bullish for now. We anticipate a blow off ahead of VX roll.
The FED has a high probability of announcing tightening in varying forms - even
as the Commodities Complex is coming under duress - Lumber was off 7% yesterday.
Gamma for AAPL will play an important role for the large number of Calls purchased
when AAPL was trading 141s.
Bonds are pulling back ZN/ZB selloffs will provide a tailwind to Equities as will NQ Bank.
Opening Breadth on Friday's usually provides a solid trend, Friday's are generally NOT a
consolidation.
Bias is to Upside for Index Complex.16.68 and then 16.49. The VX is presently
trading -2.57% with the VX Curve in a well defined Contango.
15045.90 is the upper Limit should 14,976 be broken.
14.672.80 is the lower Limit for Today unless it breaks - 14,540.75 would be
lower Support.
NQ may well trade this entire range over the coming week into VX Settlement.
VXN will provide guidance as Support remains 19.15
Long TESLA before mini breakout at 700Telsa has been wanting to break 700 again for a while, and the TA is showing that the buyer volume just might have enough to make $TSLA pop.
Why bullish momentum?
RSI new high
MACD cross over + bullish bar (keep an eye on this spot especially particularly to indicate bullish momentum)
Hard VWAP bounce earlier July
700 has a pretty tough resistance, which is our first target R to break at the 128 day MA.
Retesting could indicate that we break through to upper Rs including: 714, 723, 753, 780 (targets). I will 1/2 TP at 715 and see whether we get a wick indicating profit taking or if bullish momentum holds and new buyers firmly enter tesla. S/L roundabout 665.
Note: I do short term holdings, no longer than 2 trading days max.
AMD Buy?Its been a rough go for even the most bullish setups on equities lately due to the rocky nature of the macro with recent news of further inflation fears. Nonetheless we continue to hunt for the setups if not for the gains, then most definitely for the learning lessons that the markets can teach us.
For this asset, we keep things simple by keying in on an uptrend that has been supporting AMD since May.
It is expected that eventually this trend will break, but for now as long the price remains in the trend, buy opportunities exist at the green upward sloping trendline.
Once the green sloping line is broken, this will be our time to begin preparing for an exit.
The yellow line will be the first level of support should the trend be broken, but ultimately the bears will want to break the red line at $87.86 to confirm.
For the bullish case, continue to expect bounces at the green trendline of support until a full body candle closes outside of it on the daily and weekly time frames. A wise profit taking area will be around $93.50. If that level is broken and held as support, a retest of all time highs could be instore for AMD.
DPLS Playing out vs FibsDPLS has played out almost perfectly against the Fibonacci retracement so far. Considering that it was denied around $0.20, retraced the move back to the 786 fib line, which is also around 10/11 cents or about 0.005 shy of where DPLS got denied during the June rally is interesting. If you look at levels, around 4/5 cents in February was a resistance that couldn't be broken through until June. Then after DPLS was denied at nearly 10 cents, where did it pull back to and hold above? The 5 cent area. The volume will be something to pay attention to if DPLS is still on your watch list following the denial at the 618 fib and retracement back to the 786 in my opinion. Now the focus is where does DPLS find its new range? Based on the historical chart, which so far has come through, 13-15 cents was a previous area of traffic the last time DPLS was trading consistently above 10 cents. Will that become the interim pivot point in this latest move?
"Systems can quantify strains and stresses, adding to the safety profile of common industrial components. This includes monitoring structures such as pipelines, perimeters, aircraft components, and mining safety among others. Recently, the company announced the planned acquisition of TerraData Unmanned, PLC. This is a drone company that offers underwater inspection, 3D modeled mapping, and a variety of other services. 'As DarkPulse continues to build best in class technology service offerings to the critical infrastructure/key resources market we look for teams such as TerraData to bring experienced personnel and leading-edge equipment allowing the Company to operate AI-assisted inspection services in all mediums including land, sea, and air. TerraData’s ability to work in difficult marine environments with accuracy, efficiency, and expert results while eliminating risk to humans is a game-changer.' - DarkPulse CEO, Dennis O’Leary"
We'll have to see what happens next based on company news and technicals
Quote Source: 7 Top Penny Stocks to Watch That You Probably Haven’t Heard Of
The Magic Number Is 618Up to the 1.618, maybe stroll around a bit, could even see what's above at 15200-15300, but not for long. We have to regroup at the bottom of the path if we want to safely journey higher. 13880 would be a great target, but trend support around 14300-14400 is important to watch.
Big Tech Earnings this week could have it run to that 15200s range, but could also be the catalyst that brings it to 14400 and possibly then 13880.
Macro Perspective - TechnologyAn increasing level of concern is rising within the Bond, Equity and Real Estate Complexes or Markets.
I prefer Complex as each "Market" has a number of entities using their control mechanisms.
The Equity Complex has a number of headwinds approaching for Technology (NQ). Yields, specifically the 10Yr Treasury Note
has been a reliable Instrument for an Inverse or Negative Correlation. 10Yr Yields rose Friday 4.6%
In addition, we want to observe the Long End of the Yield Curve flattening - this is a warning sign, one which proceeds corrections.
Technically, the most recent reversal has seen poor breadth within NQ. The majority of the rise have been driven by the usual
narrow Big Cap, heaviest weighted Equities. AAPL, GOOG, AMZN, FB, MSFT - NVDA provided most of the gains for Index.
Unusual option activity has been on the rise as well, favoring large and often extreme positions for downside. One Trade amounted to $40Million in QQQ 340 Puts.
The NQ has repeatedly created a large squeeze prior to a reversal, the last thrust higher pushed up 500 points late in the day only to collapse the following day, giving up all of its gains.
IMHO, something is brewing which will be extremely bad for the NQ. There are a number of vectors for it see a large correction. Earnings will be led by share buy backs, Co2 Credits and a host of other accounting manifestations, but Gross Revenues should be less than optimal for a sustained uptrend.
The "Delta" variant may encourage some traders to position for increasing "growth" initially - this is not March of 2020.
Taiwan is at risk on a number of fronts. This would clearly be a large negative for Semiconductors. I do believe this will play out as there is an increasing number of large entities seeking to follow Apple's lead with their RISC Architecture and begin using their own Chipset Designs and Architecture. MSFT announced this some time ago. Google continues to reduce MSFT Office's market share with Google Docs. Windows 11 is a clear signal MSFT is changing their strategy after having announcing Win 10 was it.
The concentration of Chip/Chipset fabrication in Taiwan presents an imbalance globally and with it the attendant risks.
China is one, Water is another and there are a more. Japan has recently sworn to defend Taiwan as they are wholly dependent on Semiconductors for almost everything they manufacture.
The US has conducted multiple Naval exercises in the South China Sea for years. IS something brewing there? I do not know, but do believe there is an inherent risk well advanced with respect to Taiwan. There is little the US can do to prevent China taking back Taiwan IMHO.
I favor a Geopolitical Event inducing this correction, one that occurs after hours during GLOBEX and not RTH.
Europe is well advanced in declining Economic activity. The pace of Economic growth in China has slowed. The US reopening trade has been one of confusion, mistrust and one foot our the door.
If traders review Samsung in 2019 and their decline in Gross Revenues, we are witnessing the same event spreading once again.
Inflation changes purchasing decisions, substitution effects begin to take place.
There is much more, but I will condense this in now: I expect Tech to see a large correction later this month. I expect a number of Monthly Red Bars for a number of Indices.
I will discuss the ES YM RTY and Bonds in upcoming posts. I do believe the Russell 2000 and tech will lead the Indices down soon.
Perhaps August - November contracts will serve us well. Given the large ranges, using Micro Contracts for Inverse Ladders would be a wise choice.
The VXN should be monitored closely, it has worked well.
We will see how hard this can be pushed prior to a large reversal.
The VIX has not been as correlated to the NQ as the VXN and 10Yr Yields.
Good Trading Everyone - more to follow as we are approaching highs in everything, although the YM won't likely peak until August.
DPLS Overextension or next leg?It's been a LONG time since DPLS traded at these levels. Had to take the chart back out to 2018 to draw out these fib lines and wouldn't you know it, the 618 is a major level to keep watch of. Both May '18 and Sept. '18 the DPLS rallies were denied at or near this level. It managed to hold as support during the summer months. But again unable to sustain those levels. Now that DPLS is approaching this level again, it could be important to keep the 618 fib in mind. There haven't been any significant pullbacks on the chart so this could be a major over extension and big risk factor to also throw in the mix. Like most charts like this, volume is going to be the guide for what could come. Though it was higher on Friday compared to Thursday, both day's levels were much lower than the recent average daily volumes.
“'As DarkPulse continues to build best in class technology service offerings to the critical infrastructure/key resources market we look for teams such as TerraData to bring experienced personnel and leading-edge equipment allowing the Company to operate AI-assisted inspection services in all mediums including land, sea, and air. TerraData’s ability to work in difficult marine environments with accuracy, efficiency, and expert results while eliminating risk to humans is a game-changer,' said DarkPulse CEO, Dennis O’Leary. This is big news for the company and is more than likely the cause of the almost 100% gain witnessed with DPLS stock in the past five days. With this in mind, is DPLS worth keeping an eye on in July 2021?"
Quote Source: 7 Top Penny Stocks to Watch That You Probably Haven’t Heard Of
$PINS overview*Before reading the information in this please understand the risks associated with both the stock market and investing as a whole. ALWAYS do your own research; invest with conviction, rather than emotion.*
*Please understand I am in no way a professional and offering investment advice, all ideas shared are simply opinion.*
*I work with a team of individuals that does research into potentially undervalued publicly traded companies. We use a mix of fundamental and trend analysis to formulate a trading plan for our securities.*
I've had a true love for Pinterest ($PINS) since the beginning of the year, they are one of my favorite public companies out. I myself am not an avid user of the platform, however I do know a great number of friends and family that are religious users of this social media platform. Pinterest is a community based message board that allows users to publicly share other ideas that they want to share to their followers; in pair, users can also post their own ideas for their follower base. Pinterest is great for people with in an interest in practically anything (within reason, of course). With a growing technology-driven world, an app like Pinterest will *likely* continue to see user growth, their average user growth was up 37% in 2020, which followed a 30% growth the following year.
I myself secured an entry at $66 per share, and as of this post $PINS is sitting at a share price of $76.99 at close Friday, July 10. I averaged up this past Thursday at the $75 price point, and am approaching my first take profit point. Short, mid, and long term simple moving averages have done a bowl pattern and have turned bullish, and momentum has followed. Although SMA has turned, momentum appears to be headed to be headed toward a resistance point. Though I love Pinterest and their operations, as well as their current price action, I am currently neutral on $PINS short term. Though both short and medium term bullish patterns have not been broken, but there are two potential bearish patterns forming, both formed at existing resistance at $90 per share. If $PINS can power through this momentum resistance, they have room to break through the current $90 price ceiling, and could touch a $100 share price by years end.
Price points are as follows:
ORIGINAL ENTRY: $66
AVERAGED UP/NEW ENTRY: $75
STOP LOSS: $66
TAKE PROFIT 1: $90
TAKE PROFIT 2: $110
There is 43% upside on this medium-term trade from its current entry point. Current stop loss is my original entry. I will be giving an update soon, Pinterest's activity on the charts in the next couple of weeks could tell the tale of what to expect for performance into 2022.
Be sure to follow me @bigshotrob for future updates and posts.
$BABA buying the dip*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Recap: My team has been following Alibaba for the past few months. We originally entered $BABA on 5/27/21 at $207 per share. There is no denying the massive oversell of BABA. After correcting from its 52-week high of $319.32 $BABA now sits at just $21.22 per share. $BABA is a GREAT stock going forward and we absolutely believe that it will be trading in the $300 range before October.
Today my team has placed our 3rd buy order on $BABA at $210 per share.
We're long.
FIRST ENTRY: $207
2ND ENTRY: $220
3RD ENTRY: $210
TAKE PROFIT: $265
STOP LOSS: $203
If you want to see more, please like and follow us @SimplyShowMeTheMoney
$TARA lets go whale hunting*This is not financial advice, so trade at your own risks*
*My team digs deep and finds stocks that are expected to perform well based off multiple confluences*
*Experienced traders understand the uphill battle in timing the market, so instead my team focuses mainly on risk management*
Early this morning 2 of my teams 20 holdings hit their set stop losses. The entire market practically wet the bed this morning but this small dip is nothing new to us, we have seen far worst before. $BABA and $GORO were the tickers that disappointed us this morning. We set stop losses for good reason and normally move on once they are reached. My team believes that $BABA and $GORO are still good holdings, but we're not looking at new entries for the near future.
Like many of you have probably already guessed, my team does not disclose all of our holdings on trading view. Some of these disclosed holdings are what we @SimplyShowMeTheMoney refer to as platinum grade picks. Regardless we're generous people, and want to share with you one of our big dogs...
Today my team is introducing biotech company $TARA (Artara Therapeutics). $TARA is committed to advancing transformative therapies for people with rare and specialty diseases (such as cancer).
Earnings are expected on 7/30/21. My team expects little good news for lift off thanks to the massive sell off that $TARA has experienced.
My team entered $TARA on 7/6/21 at $8.70 per share.
If you want to see more, please like and follow us @SimplyShowMeTheMoney
Time to Finally Sell NVDA?After a beautiful runup past all time highs weeks ago, NVDA has found itself in a similar position as the Nasdaq by hitting and getting rejected at the first fibonacci extension level.
I closed my long in this last week as I saw this level approaching and now it appears that a legit pullback may be coming into reality.
So I am bearish.. or am I?
Truth be told Nvidia is one of my favorite stocks, so I am aggressively watching for lower levels of re-entry and have been anticipating doing so for weeks now even as it ran up in price. I intend to load up and so I will be watching this closely over the coming days and weeks.
The best case scenario short term for Nvidia is that bulls can bullishly engulf and break above the key fib level and hold it as support on the weekly.
Until then, shorts or put options seem the most attractive bet in the immediate short term.
Is $AAPL headed to $150?*Before reading the information in this please understand the risks associated with both the stock market and investing as a whole. ALWAYS do your own research; invest with conviction, rather than emotion.*
*Please understand I am in no way a professional and offering investment advice, all ideas shared are simply opinion.*
*I work with a team of individuals that does research into potentially undervalued publicly traded companies. We use a mix of fundamental and trend analysis to formulate a trading plan for our securities.*
My team and I have always had a love affair with Apple ($AAPL) and their operations. It has recently been correcting on the charts from a $150 price point, and based on the the company's performance last week, we believe Apple has broken any bearish pattern that may have been apparent on the charts.
Apple is a notorious company with a brand equity that is currently unmatched in the electronics industry. Holding this company makes sense in any portfolio, this tech giant has showed time and time again it is the clear standard in consumer electronics sector. They have hold of a very large market by having a variety of products, these products all having some level of interconnectivity to one another. This interconnectivity has created a level of dependence for their consumers, meaning consumers do not want to buy non-Apple products simply because they already own many different Apple products. They are also able to sell older models of their devices at a discounted price, further increasing their market capitalization.
Regardless if you are chasing Apple to the $150 price point, securing yourself a good long entry for a long-term hold, or just riding Apple up on this bull run, buying at this price point certainly appears to be a good idea. Our price points are as follows:
ENTRY: $127
STOP LOSS: $120
TAKE PROFIT 1: $140
TAKE PROFIT 2: $145
TAKE PROFIT 3: $150
Check out my team over at @SimplyShowMeTheMoney
Members of our team are followed there.
$AAPL @ crucial price point*Before reading the information in this please understand the risks associated with both the stock market and investing as a whole. ALWAYS do your own research; invest with conviction, rather than emotion.*
*Please understand I am in no way a professional and offering investment advice, all ideas shared are simply opinion.*
*I work with a team of individuals that does research into potentially undervalued publicly traded companies. We use a mix of fundamental and trend analysis to formulate a trading plan for our securities.*
Apple ($AAPL) has caught fire in the past month, flying up a hot 18%. I've been following this tech giant since early June, and have been loving its activity in the last month. They are currently at a very crucial resistance point, a point set when a short term downtrend started in January of this year. Amazon ($AMZN) recently broke through a resistance; it appears that big tech might be seeing large growth across the board. Regardless if Amazon's breakout has any correlation to Apple's current price action, $AAPL appears to be reaching for the skies.
Updated price points for this trade is as follows:
ORIGINAL ENTRY: $127
STOP LOSS: $127
TAKE PROFIT 1: $160
Be sure to follow me @bigshotrob for future updates and posts.
Check out my team over at @SimplyShowMeTheMoney
Members of our team are followed there.