NUAN - 5.69% Potential Profit - Corridor BreakoutThis is an unusual play for me since I don't usually trade uptrend corridors breakout, especially when they hit ATH. However, there is an unusual volume on this specific stock, and their tech partnership with Microsoft might act as a short term catalyst.
Uptrend Corridor broken out after a 6-month bull run.
Decent amount of new support confirmation on the 15-min chart. Momentum is present, and the RSI / STOCH / MACD are on our side. My priority is to enter with a Buy Limit in order to decrease risk. However, a higher-risk appetite might justify chasing the run with a Buy Stop.
- Target Entry $33.03 (Buy Limit) or $33.25
- Target Stop Loss $32.63
- Target Exit $35.00
About me
- P/L September +33.74% | August: +203.83% | Historical Win Ratio 75.00% | No Trades without Analysis
- 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
Tradesetups
STOR - 13.01% Potential Profit - Bullish PennantBullish Pennant broken out after a 6-month bull run.
Momentum is set to continue with the company increasing dividends and announcing an increase of Real Estate acquisitions next year, strong of a good relationship with their tenants.
Decent amount of new support confirmation on the 15-min chart. Momentum is present, and the RSI / STOCH / MACD are on our side.
The only line of concern is that it is set to open below support according to Pre-Market data. I would wait a few minutes into the trading session before entering an order and potentially slightly change my entry/stop based on it.
- Target Entry $29.43
- Target Stop Loss $29.11
- Target Exit $33.56
About me
- P/L September +33.74% | August: +203.83% | Historical Win Ratio 75.00% | No Trades without Analysis
- 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
SYF - 5.75% Potential Profit - Ascending TriangleAscending Triangle broken out after a 6-month bull run.
We are trying to capture the run right out of the gate, hence there is limited support confirmation. However, momentum is there and the RSI / STOCH / MACD are on our side.
- Target Entry $27.51
- Target Stop Loss $27.26
- Target Exit $29.04
About me
- P/L September +33.74% | August: +203.83% | Historical Win Ratio 75.00% | No Trades without Analysis
- 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
PBCT - 5.24% Potential Profit - Descending TriangleThis trade will serve me as a hedge against the other long positions that I'm planning to open today. This week we need to play conservative and take home whatever we can. Targets are moderate and realistic, and I aim to close positions fast, often before the end of the day.
Allocate less than usual capital if you would like an extra layer of safety. The market is uncertain and we want to keep our risk to the minimum.
Descending Triangle broken out to the downside after a 6-month downtrend. There is a lack of confirmation of the new resistance, which is a concern. Not ideal, however, I will venture regardless, as I'm chasing price action and keeping the Stop Loss really tight.
- 6-month Downtrend
- RSI + Stoch below 50
- MACD below Signal
Target Entry $10.13
Target Stop Loss $10.25
Target Exit $9.61
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- 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.
GS - 4.30% Profit Potential - Bearish PennantThis trade will serve me as a hedge against the other long positions that I'm planning to open today. This week we need to play conservative and take home whatever we can. Targets are moderate and realistic, and I aim to close positions fast, often before the end of the day.
Allocate less than usual capital if you would like an extra layer of safety. The market is uncertain and we want to keep our risk to the minimum.
Bearish Pennant broken out to the downside after a 6-month bull run. There is a lack of confirmation of the new support, which is a concern. Not ideal, however, I will venture regardless, as I'm chasing price and, again, it serves me as a hedge.
- Uptrend Support Broken to the Downside
- RSI + Stoch below 50
- MACD below Signal
Target Entry $203.14 (Limit)
Target Stop Loss $205.44 (Conservative) or $208.16 (Technical)
Target Exit $194.51
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- 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.
AMD short-term correction setup, long-term BULL caseAMD (Advanced Microdevices) has been on a tear, and for many good reasons. Still, note the short-term correction and whether all its current growth potential has already been priced in.
AMD gained strong profitability in 2016 and beyond posting strong and accelerating results with the success of its Ryzen processors.
AMD's ability to both produce and deliver more quickly than the industry Goliath Intel has had many rushing into this stock. Most interesting was the recent rotation of traders from Intel into AMD (though one would think not to bet against Intel, based on all history).
In this chart, we started with the Weekly pulling back the curtain on historical support and resistance trends. We then analyzed the impulse started end of 2015 / beginning of 2016 which coincides with the company's strong product releases and profitability.
In recent times, the company has been accelerating its success, now proving a strong contender against the traditional leader Intel, and further the acceleration of digital transformation due to the 2020 pandemic.
Note the end of this major first wave of the impulse. The stock may retest its high around $93, but we'd expect that it's more likely to see a correction towards $60 in the short term, though given the strength of this asset it would be unlikely to get all the way there. Still, one could set some buy ladders and try and get lucky with buy orders just above $60 and $50.
In the mid- to longer-term we expect this stock to break it's ATH and search for what could be a larger 3rd wave to the upside as tech innovation further accelerates worldwide.
Disclaimer: I am not a professional. Analysis is my thoughts and for my own education and revelations on trade setups. I am more than open to feedback or being pointed to resources that can improve my analysis. Thank you!
V - 7.17% Profit Potential - Corridor BreakoutBe careful with this one. It is a highly risky trade from a technical perspective, however, I'm keeping the Stop Loss at circa -1% in order to preserve capital.
We traded V a couple of weeks ago, and we made a quick 4% . Visa is one of my favorite stocks to trade and it hardly disappoints me.
Corridor broken out after a 3-month correction following an incredible bull run. Multiple support confirmation on the 5-min chart. Support manage to hold up quite well even during the recent meltdown. Indicators are obviously not on our side, since we are playing the bounce.
- Historical Uptrend
- RSI + Stoch below 50 (!)
- MACD below Signal (!)
Target Entry $201.79
Target Stop Loss $199.17
Target Exit $216.01
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- 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.
ADP - 4.64% Profit Potential - Bearish PennantThis trade will serve me as a hedge against the other long positions that I'm planning to open today. This week we need to play conservative and take home whatever we can. Targets are moderate and realistic, and I aim to close positions fast, often before the end of the day.
Allocate less than usual capital if you would like an extra layer of safety. The market is uncertain and we want to keep our risk to the minimum.
Bearish Pennant broken out to the downside after a 6-month attempt to run. Medium level of confirmation of the new resistance on the 5-min chart.
- 3-month Downtrend
- RSI + Stoch below 50
- MACD below Signal
Target Entry $137.25
Target Stop Loss $138.99
Target Exit $130.54
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- 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.
QSR - 7.63% Profit Potential - Bullish PennantThis week we need to play conservative and take home whatever we can. Targets are moderate and realistic, and I aim to close positions fast, often before the end of the day and I keep my stop losses really tight.
Allocate less than usual capital if you would like an extra layer of safety. The market is uncertain and we want to keep our risk to the minimum.
Bullish Pennant broken out after a 3-month correction. Multiple support confirmation on the 5-min chart, except the 9/11 violation due to the overall market meltdown.
- Historical Uptrend
- RSI + Stoch above 50
- MACD below Signal (!)
Target Entry $55.85
Target Stop Loss $54.98
Target Exit $60.04
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- 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.
FL - 8.46% Potential Profit - Bullish PennantThis week we need to play conservative and take home whatever we can. Targets are moderate and realistic, and I aim to close positions fast, often before the end of the day.
Allocate less than usual capital if you would like an extra layer of safety. The market is uncertain and we want to keep our risk to the minimum.
About Entry / Exit, I have two options, based on how the market opens. A Limit or a Stop buy - Stop Losses change accordingly.
- 6-month Uptrend
- RSI + Stoch above 50
- MACD above Signal
Suggested Entry $32.19 (Limit) or $32.87 (Stop)
Suggested Stop Loss $31.46 (if you enter Limit) or $32.26 (if you enter Stop)
Target price $34.97
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- 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.
KO - 3.29% Profit Potential - Corridor BreakoutThis week we need to play conservative and take home whatever we can. Targets are moderate and realistic, and I aim to close positions fast, often before the end of the day.
Allocate less than usual capital if you would like an extra layer of safety. The market is uncertain and we want to keep our risk to the minimum.
- Breakout past a long correction
- RSI below + Stoch above 50
- MACD above Signal
Suggested Entry $49.85
Suggested Stop Loss $49.34
Target price $51.50
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- 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.
EXPE - 7.75% Potential Profit - Ascending TriangleWe traded EXPE a couple of weeks ago , and we made a decent 4% return.
Ascending Triangle broken out after a 3-month correction following a great bull run. Multiple support confirmation on the 5-min chart. Support manage to hold up quite well even during the recent meltdown. Indicators are obviously not on our side, since we are playing the bounce.
- 6-month Uptrend
- RSI + Stoch below 50 (!)
- MACD below Signal (!)
Target Entry $97.50
Target Stop Loss $96.95
Target Exit $104.98
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- 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.
DKNG - 10.40% Potential Profit - Bullish PennantThis week we need to play conservative and take home whatever we can. Targets are moderate and realistic, and I aim to close positions fast, often before the end of the day.
Allocate less than usual capital if you would like an extra layer of safety. The market is uncertain and we want to keep our risk to the minimum.
Bullish Pennant broken out after a 3-month correction. There is a lack of confirmation of the new support, which is a concern. Not ideal, however, I will venture regardless, as I'm chasing price right out of the gate and I'm keeping Stop Loss tight as a reflection of the risk
- 6-month Uptrend
- RSI + Stoch above 50
- MACD above Signal
Target Entry $39.97 (Limit)
Target Stop Loss $39.56
Target Exit $44.20
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- 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.
J - 7.44% Potential Profit - Ascending TriangleThis week we need to play conservative and take home whatever we can. Targets are moderate and realistic, and I aim to close positions fast, often before the end of the day.
Allocate less than usual capital if you would like an extra layer of safety. The market is uncertain and we want to keep our risk to the minimum.
Ascending Triangle broken out after a 3-month correction and ATH since COVID's crash. There is a lack of confirmation of the new support, which is a concern. Not ideal, however, I will venture regardless, as I'm chasing price right out of the gate and I'm keeping Stop Loss tight as a reflection of the risk
- Historical Uptrend
- RSI + Stoch above 50
- MACD above Signal
Suggested Entry $92.85
Suggested Stop Loss $91.83
Target price $99.21
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- 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.
SPOT - 4.05% Profit Potential - Support Corridor BreakoutThis week we need to play conservative and take home whatever we can. Targets are moderate and realistic, and I aim to close positions fast, often before the end of the day.
Allocate less than usual capital if you would like an extra layer of safety. The market is uncertain and we want to keep our risk to the minimum.
- Breakout past a 3-month correction
- RSI + Stoch below 50
- MACD below Signal
Suggested Entry $237.80
Suggested Stop Loss $240.64
Target price $228.19
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- 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.
INTRADAY ANALYSIS - TATA MOTORSHi Traders,
Tata motors is in an uptrend as per 50 SMA in multiple time frames. The price made a higher high confirming a short term uptrend. We have support at 151.20 and 148.70 respectively. We have the golden zone between 146.70 and 144.70.
The golden zone is a strong zone as there is price action on the left and is a major key level according to higher time frames. We dont recommend a blind entry at these levels.
A chart pattern like double bottom or inverted heads and shoulders forming at these levels in lower time frames like 1m can be considered as a confirmation for entry.
The target and stop loss can be placed according to the pattern that gave us the confirmation.
For any doubts regarding this trade setup pls comment below.
Hitting the like button will be appreciated and follow for more analysis on indian stocks.
Happy trading.....
USDCAD H4 - Short SetupUSDCAD H4 - Would be nice to see a rejection from the current zone we are sitting on, we have ADP employment data figures coming up which is going to have an impact on the USD shortly, this will be catalyst for a breakout most likely. Eyes peeled.
AMZN - 11.34% Profit Potential - Ascending TriangleAscending Triangle formed into an Uptrend Corridor and new support confirmed multiple times in the past 3 days.
Target price set at resistance line bounce.
- Historical Uptrend
- RSI and STOCH well above 50
- MACD well above Signal
Suggested Entry $3275.86
Suggested Stop Loss $3202.77
Target price $3647.41
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.
WYNN - 25.41% Potential Profit - Corridor BreakoutCorridor Breakout graduating from a 2-month correction period. Note that vaccine-related news might make or break this trade, this is why I keep the stop loss fairly tight. However, I feel positive given today's news and the upside could be massive.
Target price set at a new potential resistance line.
- 3-month uptrend followed by a 2 month correction period that might be over amid positive vaccine news
- RSI + Stoch well above 50
- MACD above Signal.
Suggested Entry $86.84
Suggested Stop Loss $84.59
Target price $110.86
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.
HPQ - 15.14% Potential Profit - Ascending TriangleIn order to decrease the risk associated with this trade, I strongly recommend waiting for tomorrow's earnings call: I like to play it safe and decrease unnecessary exposure when possible. A negative price reaction to earnings might invalidate this whole trade.
Ascending Triangle with clear uptrend Support.
Target price set at a new potential resistance line.
- 5-month Uptrend
- RSI + Stoch above 50
- MACD above Signal
Suggested Entry $18.51
Suggested Stop Loss $17.75
Target price $21.31
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.
EXPE - 14.97% Potential Profit - Ascending TriangleAscending Triangle formed into an Uptrend Corridor and new support confirmed multiple times on the 5-min chart on 25th Aug.
About the entry, you have two options. Chasing the price entering with a Buy Stop order or waiting for a better entry with a Buy Limit. It comes down to your appetite for risk and current trade situation - I will most likely go ahead with a safer Limit order.
Note that the success of this trade highly depends on COVID19-related news, and to AZN's vaccine development.
Target price set at resistance line bounce.
- Historical Uptrend
- RSI and STOCH above 50
- MACD above Signal
Suggested Entry $96.86 (Stop) or $95.72 (Limit)
Suggested Stop Loss $92.42
Target price $111.36
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.
SHAK - 28.45% Profit Potential - Bullish PennantBullish Pennant formed out of a price correction that interrupted a 5-month uptrend. Positive COVID vaccine news will act in our favor.
Target price set at corridor resistance line bounce (May and Jun points).
Note that I have set a very tight stop loss (right below today's VWAP) because I have a few trades going on. However, given the upside, you might want to consider giving the Stop Loss a bit more breathing.
- Strong Uptrend
- RSI and STOCH well above 50
- MACD well above Signal
Suggested Entry $59.16
Suggested Stop Loss $57.65
Target price $76.36
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.
SNAP - 18.81% Potential Profit - Descending TriangleThis will most likely be a short-term play.
Descending Triangle formed after a 4-month rally. Resistance confirmed multiple times yesterday on the 5-min chart.
We have two targets, set at a new potential support line.
- 1-Month Downtrend
- RSI and STOCH below 50
- MACD below Signal
Suggested Entry $20.69
Suggested Stop Loss $21.25
Target price $19.61 + $16.55
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.
