MBLY manufactures autonomous driving components LONGMobileye Global Inc. (MBLY) operates in the Automotive - Original Equipment sector1. The company specializes in developing and deploying advanced driver assistance systems (ADAS) and autonomous driving technologies and solutions worldwide They offer a range of products, including safety features for real-time detection of road users, cloud-enhanced driver assist solutions, and self-driving systems for various road types
MBLY on a 180 minute chart shows up and down trending in the past 3-4 months. A support level
is identified in the $24-25 range. Price is currently rising above support with an increase in
relative volume similar to that of late February and Early March.
The Awesome oscillator is green and positive at this time.
The volume profile shows a low volume overhead demonstrating little volume resistance to an
overhead move higher.
I will take a long trade here seeking those targets in the upcoming 1-2 months.
I have identified targets of 41 and 45 based on pivots in 2023.
I will take a long trade here
Volumevoid
Can SNAP slo-mo bounce from an earnings fall? LONGSNAP had a mild top and bottom line beat with last week's earnings and
the price fall. Given SNAP's mediocre social media interface, I think the
earnings were decent but I suppose most traders felt otherwise looking
for more. Technically on the 1H chart, price is sitting at support at the
bottom of the fair value zone. PVT and the Gaussian Awesome Oscillator
are flat line trendlines. Reversion to the mean says SNAP will rise from
current market price. I will go long. If price can rise and get to 11.5,
the volume profile's volume void suggests it could easily cross over the
mean VWAP into the 12.5 range for another leg higher. If you want my
ideas of targets and a stop loss, please comment.
TSLA Short / Put Options Recap Volume Profile Strategy SHORTTSLA is shown here on a 30-minute chart. Utilizing only a volume profile indicator and stray
fundamental related news, TSLA was watched for a short entry in consideration of the antics of
its CEO and the price cuts in Europe coupled with the challenges of NIO, XPEV and BYD in China
and China's recession I opted to look for a short entry. Analysis, trade entry and trade
management and trade close are on the chart in a text box. This idea and recap of TSLA
short shows the utility of volume profile analysis in making a very profitable short trade on
TSLA which uses a precise entry after confirmation and the same for the exit. As such, this also
makes possible very profitable options trades with near-term expirations to optimize the
value of thorough analysis before the trade combined with a tight entry and good follow
through to make for high profit with less risk. Using TVs alerts and notifications this trade
was managed with little screen time making for a high profit yield per hour of effort.
Rinse and repeat as they say.....