JAN on watch for bullish continuation LONGJAN had earnings but I cannot find the report. It is trading with heavy volume and it shows in
the price action. Price has pulled back in the after-market in a standard Fibonacci retracement.
A pullback is appropriate here as price has gained 250% in a month. I see the pullback
as healthy and JAN is now well positioned for another bullish continuation. Volatility
and volume supports the conclusion. I will set a stop loss at 10% and targets at 50%, 75% and
100% to take partial profits on an anticipated trend up. Alerts will be set onto a set of
moving averages on the 30 minute time frame to detect death cross unders. Once profit is
hits 10% I will change the stop loss to a trailing 10% stop loss and once above 75% make the
trailing loss 5% and once over 100% change it to 3% so I can let the trade run itself from
those orders.
Volatility
NQ Power Range Report with FIB Ext - 3/8/2024 SessionCME_MINI:NQH2024
- PR High: 18288.75
- PR Low: 18256.25
- NZ Spread: 72.5
Key economic calendar events
08:30 | Average Hourly Earnings
- Nonfarm Payrolls
- Unemployment Rate
Back near ATHs
- Holding under prev session close
- Daily print, pivot long towards another ATH breakout
Evening Stats (As of 1:35 AM)
- Weekend Gap: +0.08 (filled)
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 252.93
- Volume: 29K
- Open Int: 290K
- Trend Grade: Bull
- From BA ATH: -0.4% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
Is MRVL overextended ? SHORTMRVL on the 60 minute chart certainly had an impressive run for two days gaining 16%.
The chart however shows the bullish candles are decreasing in range and price is more than
two standard deviations above the mean VWAP and far outside the high volume area of
the volume profile. Bullish volatility fell to close the trading week on Friday afternoon.
My trade plan is to watch MRVL for consolidation and then a retracement of its bullish
move. A cross of the faster green RSI down under the slower red RSI will be the bearish
divergence to be seen to consider MRVL for a short trade.
NQ Power Range Report with FIB Ext - 3/7/2024 SessionCME_MINI:NQH2024
- PR High: 18048.00
- PR Low: 18018.50
- NZ Spread: 66.0
Key economic calendar events
08:30 | Initial Jobless Claims
10:00 | Fed Chair Powell Testifies
Prev session printed as inside bar
- Fading to prev session open from close
- Inventory response off prev session lows
- Consistently responding around daily 20 Keltner avg
Evening Stats (As of 12:15 AM)
- Weekend Gap: +0.08 (filled)
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 244.10
- Volume: 39K
- Open Int: 290K
- Trend Grade: Bull
- From BA ATH: -2.2% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
MVIS Microvision breaks higher from earnings LONGMVIS is a volatile penny stock with daily volumes in the 20JK range and a low float. Yesterday
was a decent earnings beat. MVIX was already trending up into the earnings and now may
sustain that trend up. Volatility and volume indicator support my supposition that the trend
is real. The target of the consolidation period of February 8-13's price level of 2.58 is
13 % upside. I espect this to be a long swing trade lasting a few days. Upon reaching the
target I will take half the position to realize that part of the profit and run the rest.
UVXY the VIXX following ETF ShortUVXY the fear and volatility ETF ran up nearly 10% on the past trading day before
retracing a bit all due to the quick about-face in the market at about 1PM New York time.
It moved from the lows at the opening bell and let up with after hours profit taking.
The relative volatility indicator shows the volatility pump and then dump.
The dual signal RSI indicator shows the low time frame in blue dropping faster
than the higher time frame in black. I see this as a good setup for a short trade
that could yield half of the run-up over the next two trading days or 5% by
next Tuesday, August 1. The stop loss set at the top wicking at 17.25 while the target
the pivot low from which price began at 15.55. I have contemplated a put option
on this but have not yet reviewed the options chain. Price action down may begin
slow until price crosses under the POC line of the volume profile and then accelerate
as price drops below the high volume area into relative volume voids.
NYCB Community Bank falls to support and rises LONGOn the 15 minute chart the price action reflects the rough time that NYCB has had. Apparently it had a good rally to finish the week due to reports of floods of new deposits . Down the road
it may be a problem if premium interest is being paid on the deposits. In the meanwhile, I
see NYCB as taking back half of the trend down and floating up gradually into the range of 7
or about 60% upside. This will be a volatile and risky trade but with good upside. I will set a
8% or ATR x 2 stop loss yielding a Reward to risk of about 7.
NQ Power Range Report with FIB Ext - 3/6/2024 SessionCME_MINI:NQH2024
- PR High: 17985.00
- PR Low: 17952.25
- NZ Spread: 73.0
08:15 | ADP Nonfarm Employment Change
10:00 | Fed Chair Powell Testifies
- JOLTs Job Openings
10:30 | Crude Oil Inventories
Huge inventory decline prev session
- Faded into daily 20 Keltner avg
- Inventory response off 2/28-29 lows
- above prev session close
Evening Stats (As of 12:15 AM)
- Weekend Gap: +0.08 (filled)
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 240.75
- Volume: 24K
- Open Int: 285K
- Trend Grade: Bull
- From BA ATH: -2.1% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
MYO can Myomo continue the push to the earnings report?MYO had impressive week gaining over 35%. It is a volatile penny biotechnology stock
with good earnings back in November new due for another report. On a 120 minute chart
with relative volatility and volume indicators and a volume profile added. The volume and
volativlty of this past week's move is obvious. Price gain has slowed on the approach to the
POC line of the volume profile which appears to be resistance. Price may break that resistance
but could get rejected there. I plan to buy MYO long on a break of resistance with
a buy stop set at 4.04 and a stop loss at 3.96. If MYO rises and gets over 4.04 the order should
fill and if it retests the POC line as support and the support fails, the stop will close the trade.
My expectation however is for the earnings run to take it to the level of the pivot high
in early January for a 25% gain.
IS UBER ready for continuation LONGUBER fell a little after good earnings. Apparently traders where disappointed. It then rallied
for three days to close out the week. The following week it retraced the rally for 2-3 days
and then consolidated for a week with a re-awakening of bullish momentum in the past prior
trading day. From here, I believe that UBER is ready for potential push to an ATH and gain
buying pressure along that way perhaps accelerated by short sellers liquidating their positions.
I will take a long trade here of both shares and call options.
EXFY a fintech penny stock at 5% of the ATH LONGEXFY recently had an earnings beat and has bullish momentum. While on a sixty minute chart it
may appear to be overextended, in the context of an all-time-high of about $50 perhaps it
has as much as 20X upside. EXFY rose from the earnings beat and then retraced and reversed the
retracement. I see it as a long wing trade perhaps until the approach to the next earnings.
The volume and volatility indicators suggest bullish momentum is strong and may continue.
XRP Long Idea Market Pump and CrashEven if a crush in BTC is expected, XRP is a coin that pumps a lot before the decline. Also, if BTC will continue to rise, it will not be crushed as much as other alts. That's why you first go long up to 0.75 and then up to 0.91. And I think
NQ Power Range Report with FIB Ext - 3/5/2024 SessionCME_MINI:NQH2024
- PR High: 18254.00
- PR Low: 18217.50
- NZ Spread: 81.5
No significant calendar events
Continuing inventory hunt below prev session close
- Mechanical response to PR-1, dip below
- Relatively avg vols to start session
- 50% area of Friday's range
Evening Stats (As of 12:15 AM)
- Weekend Gap: +0.08 (filled)
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 230.55
- Volume: 29K
- Open Int: 295K
- Trend Grade: Bull
- From BA ATH: -0.8% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
NQ Power Range Report with FIB Ext - 3/4/2024 SessionCME_MINI:NQH2024
- PR High: 18365.75
- PR Low: 18327.75
- NZ Spread: 85.0
Key economic calendar events
09:45 | S&P Global Services PMI
10:00 | ISM Non-Manufacturing PMI
- ISN Non-Manufacturing Prices
Small weekend, inside bar gap up, partially filled
- Low energy creep back to ATH
- Relatively strong daily momentum bar, long
- ATH 18372.75
Evening Stats (As of 12:15 AM)
- Weekend Gap: +0.08 (open > 18322)
- Gap 10/30 +0.47% (open < 14272)
- Session Open ATR: 236.10
- Volume: 25K
- Open Int: 304K
- Trend Grade: Bull
- From BA ATH: -0.1% (Rounded)
Key Levels (Rounded - Think of these as ranges)
- Long: 18675
- Mid: 18106
- Short: 16963
Keep in mind this is not speculation or a prediction. Only a report of the Power Range with Fib extensions for target hunting. Do your DD! You determine your risk tolerance. You are fully capable of making your own decisions.
BA: Back Adjusted
BuZ/BeZ: Bull Zone / Bear Zone
NZ: Neutral Zone
BTC suffers from institutional selling after a breakoutBTC recently enjoyed a breakout above its resistance level with strong momentum before quickly getting hit with a institutional sell trade. This caused BTC to temporarily sell all off nearly 2k in a few minutes. This is not the only sign of weakness in BTC lately.
Whale selling has picked up quite a bit lately.
Many new wallets been created with small amounts of BTC in them (retail trading)
As institutions and larger players exit a bull rally, retail traders enter out of excitement. This spurs the price to rally a little bit further before finally a reversal takes place and bears take over.
Holding onto BTC and other cryptos is becoming riskier the longer this rally continues. Watch your holdings closely and don't get greedy
Analyzing BTC Price Movements Amidst Varying Trading VolumeIn recent days, we've observed an interesting thing with BTC: upward price movements on diminishing volumes. On the 29th, a significant spike in volume corresponded with a big price increase, a obvious indicator of strong market interest. However, following this event, Bitcoin has continued to find similar size moves up, but on substantially lower volumes.
It indicates we are in a market where even limited buy-side pressure pushes price increases, which indicates a scarcity of sell-side liquidity. Bullish. If we were to see a resurgence of volume similar to that of the Feb 29th, the stage could be set for an god candle upward move.
Analyzing key technical indicators presents a more nuanced picture. The RSI, while not in the overbought territory, edges closer, suggesting a growing momentum. The CCI and MFI offer additional perspectives on market cycles and the strength of money flows into BTC, respectively, both reinforcing the observation of a market poised for some mean volatility. The RVI's current stance indicates that the recent price action has been met with a relative degree of confidence, which could mean continued upward movement.
While the market's sentiment seems to lean bullish based on what im seeing, approach this analysis with caution. Markets are volatile, and while technical indicators can provide guidance, they are by no means infallible predictors. Stay frosty.
LEXX a penny medical stock LONGLEXX on the daily chart is on a big bullrun breaking out of an ascending broadening triangle
or megaphone pattern demostrative of increasing volatility. Retlative volumes are 2X the
historical comparison. Price is now on the approach to the highs of 2023 but is only 15% of
the all high highs of 19 at the neckline of a head and shoulders back in 2018-2019, In short
it has a lot of upside if it can show earnings growth on higher revenues. For now targets are
4.15 the high of 2022 and 6.45 the high of 2021 marked on the chart in black horizontal
lines. LEXX is a money burning medical penny it is high risk like its peers. The reward
potential is as much as 7X and more realistically 2X in the intermediate term.
I will so long here with the risk in mind in the context of the reward potential.
CRWD VWAP bounce earnings coming LONGCRWD reports on March 4th in the meanwhile in it is shown here on a 15 minute chart with
a Bollinger Band overlay. Price has trended from the upper bands down through the middle line
into the lower inner and outer bands where a reversal took place at the level of the mean
anchored VWAP band where the price fall was rejected with good support and wick touches
on the lower time frames. I see this as a set up for a new trend up in the run to earnings.
I will take a long trade of shares and call options. My easy target is the upper BB
bands but expect more than that in the upcoming week.
Shiba Inu: Bull Run Price Target (0.000145)Overview
In the last couple months my attitude towards crypto has gone from swing trading it to just holding it, especially with the much anticipated Bitcoin halving event approaching next month. In the past, strong crypto bull rallies occurred within the months following the halving events which leads me to believe that our favorite cryptocurrencies could be hitting record highs by the end of 2024.
Shiba Inu Price Target
If the bull market continues then a price target near 0.00014559 appears to be a healthy time to take profits. I found this price level through the use of Fibonacci retracement levels. However, Shiba Inu has been around longer than the attached TradingView chart suggests so the correct Fibonacci levels may vary. To make up for the lack of historical price data, I put the bottom Fibonacci level as close to zero as possible.
There are several key areas of resistance that Shiba will need to push through before a price target near 0.00015 can be considered practical. I believe that if the token's value can exceed its 61.8% Fib Level at 0.00005570 with growing volume then the target may only be a few months away. At the 0.00015 price level the market cap for Shiba Inu will be around $82.5 billion so as this price level is approached it would be wise to reassess market sentiments so as to avoid pulling out too soon.
It is my opinion that a $250 billion dollar market cap is not unreasonable for a successful token, but it is a bit of a stretch and holding too long could result in losing unrealized profits if the market cools. At the $250 billion market cap, Shiba Inu's price would be around $0.00045.
Technical Indicators
Volume on the 1D chart supports bullish momentum as the breakout is occurring alongside significant, increasing volume and the On-Balance Volume indicator reveals that buying pressure has surpassed prior highs.
DUOL- AI Translation Services for global apps LONGDUOL popped from a 5X earnings beat. I got into this trade last week with a little bump in
relative volume and volatility off-screeners on tech upcoming earnings. The high-tight flag
pattern typically forecasts a leg of a bullish continuation higher after some consolidation.
Options for March 15 went 2.5X overnight. Half the position off the table taking profits.
the other half awaiting the continuation. The risk here is those taking profit or short selling
outnumbering new buyers chasing and causing a fade. Nonetheless, I see the potential for
further profit and will assume the risk.
profit
SNOW - buy the disappointment discount sale LONGSNOW beat the earnings estimates by 150% and slightly exceeded revenue estimates. Price
dropped in printing a bear flag in a 22% move yesterday at the close. Buying from the bottom
has begun and I have the idea that I should join. My pre-earnings play was closed going into the
earnings in the high liquidity that proceeds it. I got my ask price on that position. The chart
shows today's buyng volume and volatility. On the slow resumption of bullish price action, I have
taken a long trade from the near bottom after this morning's reversal and call options
ITM for the July monthy.
LVTX a possible continuation medical technology penny stock LONGLVTX is a pharmaceutical company focused on biologicals for advanced prostate carcinoma.
It recently secured a collaboration agreement with Merck to assist in the clinical trials and
the financial burdens it imposes in a quid pro quo related to a share of product margins in the
future. On the 15-minute chart, LVTX burst out of a long-standing consolidation cycle. The
majority of shareholders per Yahoo Finance are insiders and institutions primarily hedge funds.
These people are not clueless. This is a huge money inflow into the market cap. I intend
to follow the money as I see that price has retraced to a good Fibonacci level and with the
last candle may be on a reversal. I know that institutions tend to buy at the VWAP heavily
and as price is below VWAP the impetus is to buy discounted from VWAP. I will follow
the wisdom, experience and expertise of institutional traders. I will go long and assume the
risk of more of a drop with an ATR stop loss. My goal in the trade is to get a 20% gain by the
close on Monday. Getting into an insider trading move is tricky but it is interesting and
can be profitable.
BOIL- Premarket Long Trade Scalp RecapsBOIL is here on the 15- minute chart with a set of Bollinger Bands, a Bollinger Band Oscillator by
LuxAlgo as well as a dual-time frame RSI indicator by Chris Moody. The settings for the Bollinger
Band set up are period 49 EMA 14 standard deviations 2 /2.618 ( These are multiples of 7 and
Fib #s for mathematical reasons.
Entries are signal is price crossing the base line of the Bollinger Bands ( the EMA 14) or else
the RSI lines crossing over the 50 level and green above red.
Exits are the price action going outside the outer upper BB band and then fading back inside
of both inner and outer bands or RSI green and red crossing such that green fades quicker than
red. Entries and exits are managed with alerts/notifications to minimize screen time.
The first trade began on 2/27 at 8:10 AM ended 2hours later. 50 shares taken gained $ 1.50 each
for a total of $75.00 realized profit in the long scalp. The second trade on 2/28 was
taken in the premarket at 6:45 AM EST with again 50 shares taken then closed at 9:15 AM
for a 150 minute trade. Realized profit was $1.20 per share and $60 overall.
Overall, there were 4.5 hours in the trades yielding $135.00 or $30 hr for the time in the trade.
Risk was minimal as trades were taken at the lows with a stop loss outside the BB and below
them. Time spent on the screen amounted to less than 30 minutes overall making the
realized profit excellent for the time and effort expended. This idea illustrates good use
of a Bollinger Band strategy coupled with alerts and notifications. Notably, I did not spend
any effor adjusting the stop losses during the trade as I am very confident of the setup and
the strategy. Today is another day for the same trade.
