Get started

Trades

Micron TechnologyIt looks like there may be a new support being made at the 50% retracement level of the previous low on the weekly which could be a good going forward for long term holders. If this new support is confirmed and that the previous high was broken, we could be patient enough for a retracement up to the previous anywhere between 38% to 61% respectively. I know the semiconductor situation hasn't been solved yet but things happen and I believe in this company enough to burn time charting.
NASDAQ:MULong
by Redimere_91
WalgreensI see a possible M pattern forming here. I'm thinking about more people being sick and pharmacy visits over the cold winter season. Walgreens is a great convenience store with solid customer service from my experience. They've been around for a long time. I want to see price retrace the previous high up to 38 - 61%. We are currently in consolidation. However, I believe that since that previous was broken and the current low being higher than the previous, I can see WBA respecting that sentiment on a long term scale. The win goes to the longest holder. On the weekly , we are on the bottom of the Mac D as well and looks to be losing its bearish momentum. Not advice!
NASDAQ:WBALong
by Redimere_91
Colgate-Palmolive CompanyHousehold goods. Cold winter coming. Holiday travel. Those family members you don't want visiting will need toothpaste and you will need dishwashing liquid for those thanksgiving plates lol. Seriously, I like household goods for this time of year seeing how people will be in the warmth of their homes. How does a household name sound for household goods? People like great value and some use walmart to find that. I'm sure you can find some $CL products somewhere out here in your local stores for your convenience. Is that a w pattern setting up? I'd like to see price retrace the previous high over time. I do think this price is pretty high..I'm moreso using catalysts here versus valuation to be honest. I never said I was an advisor. I just like charts.
NYSE:CLLong
by Redimere_91
Platinum (XPTUSD)I believe that we are currently retracing the previous high. The current low area seems like a higher low on the weekly. That Mac D looks like its attempting to lose momentum and should eventually cross to the upside! I want either 38% or 61% of previous high. I won't hold forever. Just as long as I can to squeeze some juice from this nice valuable metal. Platinum is a well respected metal used throughout several industries. Platinum is used extensively for jewellery. Its main use, however, is in catalytic converters for cars, trucks and buses. This accounts for about 50% of demand each year. Platinum is very effective at converting emissions from the vehicle’s engine into less harmful waste products. Platinum is used in the chemicals industry as a catalyst for the production of nitric acid, silicone and benzene. It is also used as a catalyst to improve the efficiency of fuel cells. The electronics industry uses platinum for computer hard disks and thermocouples. Platinum is also used to make optical fibres and LCDs, turbine blades, spark plugs, pacemakers and dental fillings. Platinum compounds are important chemotherapy drugs used to treat cancers. source: rsc.org
FX_IDC:XPTUSDLong
by Redimere_91
1
Draft KingsI might've gotten in too early here to be honest. However, I feel that draft kings has a lot of momentum with the variety of reach and marketability they have. The name is familiar and they continue to have good incentives and easy to use platform. I know their financials aren't the best but I consider this an emerging market even though some may disagree. I think as technology grows, so will the thirst of competitive gambling. I see a W pattern forming. As much as I want it to shoot up right now, I feel like the double bottom needs to truly form before a true move is made. I don't want a homerun here, I just want a base or two lol.
NASDAQ:DKNGLong
by Redimere_91
3
Monster BeveragesMonster is a drink many people depend on. I've seen many coworkers throughout my time working using this product. I know there are other competition in the market and that energy drinks overall aren't the healthiest in my eyes. However, due to TA, I can't see why we couldn't squeeze out some of this potential retracement of the previous high. We are far away from the 200 day ema. I would like price retrace over time to meet it towards the upside. I will more than likely demo trade this stock.
NASDAQ:MNSTLong
by Redimere_91
EUR/USDAlthough we've been on a bearish trend since March, there has been a few moments where price has tested its previous "lower" high. As you can see by my triangles, price seems as if it is ready to retrace the previous high. On the 2 hour timeframe, I saw a strong bullish candle cross the 200 day ema with the current candle opening above the previous one. Last time there was a retracement was more than likely back in August on the 4 hour time frame where price retraced about 38% of its previous high (May 2021). Let's see if price can retrace our previous high up to at least 38% or more before the bearish trends continues. You would think the usd is stronger but it seems like since 2008's crash, the dollar has progressively been getting weaker. With our current economic situation having slow growth, I plan on riding this retracement up until the chart tells me different.
Long
by Redimere_91
United Airlines $UALLet's be honest, United Airlines is well known name throughout the Airline Industry. For decades, they have been well established domestically and foreign. Looking at their balance sheet, a few thing that stood out to me was how astonishing of a COVID hit they've taken. A negative eps of 25.30 is something I would normally run away from without looking back! Surprisingly, their assets have been increasing annually steadily since 2014. Also seems as if pre covid, they had a stable growing total equity which is impressive. Although their operating activities has been hit by the storm, they've seemed to hedge that by managing their investing activities and financing to some degree. Having a recent quarter where they reported a 1.81B FCF increase was a nice piece of new data to pick up on. If i'm being honest, this company looks damaged to me and possibly over valued for where it's in nature of everything that is going on in the world right now. However, there has been some recent news about the White House lifting the international travel ban for airline Nov. 8th. United has the most international traffic ranking 7th amongst airlines globally and 1st within the states. With recent news as of 10/14/21 with them expanded their flight capacity to 10 new flights and 5 new destinations internationally, this is some of the biggest news they've had in a long time! I'm looking forward to seeing how this plays out!
NASDAQ:UALLong
by Redimere_91