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Vwapbounce

What Wall of Worry? Path of Least Resistance for NowI reviewed an interesting study Tuesday about V bottoms. Over 20 years of data showing the average "V Bottom" takes nearly 1 year to come back and get into positive territory. The fact that all US Indexes and many stocks have done this in 10-15 trading trades is pretty remarkable. Will we more path of least resistance at all-time highs or will we see resistance actual hold for a beat. All US Markets closing green today, Russell 2000 led the indexes today with +1.30% DXY hitting fresh lows, but 101 and 100 are major technical support levels that I'm watching. Review at your convenience. Thanks for watching!!!
CME_MINI:ES1!
by ChrisPulver
2
GOEV reverses LongGOEV (Canoo) on a 240- minute chart shows an early reversal from a three wee trend down. The chop zone indicator shows the signa over the choppiness in the past few trading sessions. Prc rose from the support of the first lower anchored VWAP line I will take a long trade here targeting the recent pivots as shown on the chart with a stop loss set at the low pivot immediately to the left of current price. This is a potential 50% profit trade if profits are realized in equal thirds at the targets and the stop loss is advanced in regular increments to protect again a momentum fade.
NASDAQ:GOEVLong
by AwesomeAvani
Beautiful wedge on $BTC over several supportsClear wedge forming on CRYPTOCAP:BTC over several supports: - Parallel multiyear channel - Important VWAP quarter horizontal line (orange line that coincides with a Fib Level - blue line) - Fib Level (blue line) from last flag in February - Insinuating over wedge ceiling line (dark blue) So, we have a very good confluence there; maybe a scary quick drop possible to reach the bottom of the wedge, there on the confluence of already signaled fib level and VWAP quarter lines of support The target of this wedge is the all-times-high (red line, past 72k usd)
BITFINEX:BTCUSD
by CCCLopes
1
SOUN a small cap AI stock ready for a VWAP reversal LONGSOUN on the 15 minute chart as fallen again to the anchored mean VWAP. Each previous time this has occurred in the past month, price has bounced into the second or third upper VWAP band line for a bullish momentum move. The mean VWAP is where big players like to pick up and drop off shares. Liquidity is at the highest. Teh Relative Trend Indicator will show best entries where the trend is negative but the returns to the chop zone to climb out of it and go positive. This indicator can function with alerts and notifications. SOUN uses AI and voice control of it to make apps more user friendly and potent. A similiar stock is DuoLingo ( DUOL) which also adds language translation into the functionality. Those on a budget in their trading love the price. Those not on a budget make love the volatility and the quick profits it can bring if traded properly.
NASDAQ:SOUNLong
by AwesomeAvani
1
SOFI flat to slightly negative YTD LONGSOFIR showed here on the 30 -minue chart has had great volatility in going no where since the start of the year. Volatility can be harnessed for profit. This is the essence of swing trading. With an intermediate term anchored VWAP band and line setup, it can be readily seen that price first was resisted by the second lower band line in purple then broke out through the band lines to meet resistance at the second upper band line ( again in purple) and broke down through the band lines to get support at the first lower band and then reversed and returned to the second upper band where it was rejected and fell into the support of the second lower band from which it is now bouncing. This is a VWAP band oscillation pattern which can be traded. I will take a long trade of SOFI here, first targeting the mean VWAP at 8.05 and then 8.6 below the first band and finally 9.05 below the second upper band. Partial closures at 25%, 50% and 25% respectively. I see this as a way to exploit SOFI volatity in swing trade profits which can also setup as short trades.
NASDAQ:SOFILong
by AwesomeAvani
PHUN Long Trade Expecting Continuation PHUN is in the advertizing business specializing in targeting consumers with smart filterning of the ads tailored to their websurfing and data history. That said, it competes with Google, Facebook, Snapchat and all the rest. it is far more volatile than them as a small cap company. The trade is in capturing the volatility. On a 120-minute chart, PHU was in a state of dormancy and almost no range in late 2023 but awoke in the current year. The all-the-highs are in the 80 range back in 2022. From the highs of January to the recent low on March 1st, PHUN dropped more than 70% in 40 days or so. On the chart, it has broken out of deep undervalued territory and is not situated near the anchored mean VWAP and is at the POC line of the volume profile. It traded nearly 70 million shares about 20X the running average. I see this as an opportunity for a long trade at or near the VWAP where institutionally based traders are likely to trade. The volume and volatility make this obvious. A similar combination of volume and volatility last occurred about January 16 and propelled the price more than 250% in 4 days. While a similar move should not be expected, even 50% in 4 days is an excellent return for the risk taken. I will set a stop loss of 10% for this volatile stock while targeting 18 and 22 from the VWAP band lines on the chart.
NASDAQ:PHUNLong
by AwesomeAvani
1
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.
NASDAQ:CRWDLong
by AwesomeAvani
3
BTTR, a penny stock selling pet food LONGBTTR is up almost 30% since acquiring a Canadian company on Feb 9th. The news catalyst illustrates a momentum in growth. On the chart, since an excellent report in November, price ascended into a double top in late November and mid December then fell until the news catalyst on Friday the 9th. Another report is soon coming. I see BTTR as a volatile penny stock is now set up for a long trade. I have marked in horizontal black some targets from looking to the left. Equally weighing all three targets, the profit potential is 25% in the near term while the last target is about 35%. BTTR is poised below the mean VWAP line and appears ready to continue its VWAP breakout from 2/9 moving upward while crossing the first lower anchored VWAP line. I expect the price to ultimately aim for the second upper VWAP line and hit my last target just below that line representing the base of the double top last winter. my last target
AMEX:BTTRLong
by AwesomeAvani
TLT Long at VWAP Bounce T- Bills 20 yearsTLT on the 15 minute chart in the past two trading sessions consolidated and then fell into a pullback to the support of the anchored mean VWAP. Relative volatility spiked and has now contracted. I see this as a good entry to add to my TLT position having sold a good portion of it three trading days ago when price showed topping wicks outside the fibonacci highest band. This will be about $ 1.00 cheaper than before that sale and is part of a zig-zag strategy for TLT overall.
NASDAQ:TLTLong
by AwesomeAvani
UBER rising after VWAP bounce LONGUBER on a 30 minute time frame chart crossed over an anchored VWAP about January 25 and topped January 30th then retested the slowly rising mean anchored VWAP in a double bottom fashion on the following day. The relative strength indicator is in the 65-75 range and the zero lag MACD cycling mostly above the horizontal zero level. I see UBER as suitably setup for a swing trade long when it is near to the bottom of the support trendline in the ascending megaphone pattern.
NYSE:UBERLong
by AwesomeAvani
UNH, the dominate health insurance market leader LONGAs shown on the 4H chart, UNH based on a long-term VWAP band setup, it as fiar value for the first time since September. This dip is significant as price fell from a head and shoulders pattern of three months duration. The candles in the past couple of days show the reversal at the mean VWAP support. I have retrieved 60% out of a near term expiration call option. Some may say this is simply a death cross on a pair of moving averages with a bit of correction on the overall downtrend. I understand that point of view. Notwithstanding that perspective, healthcare is expected to be an outperforming sector in 2024. UNH is on sale. As a healthcare provider, it has paid me large sums in the historical past. I will take trades as described in the text box on the chart. I believe buying out of the money and at a discount will be a good strategy for this megacap moving forward.
CAPITALCOM:UNHLong
by AwesomeAvani
SPX & NQ - optimism is backWe had a rather treacherous 2.5 months of corrections since both SPX and NQ hit their peaks in July, resulting in a 50% and nearly 38% fib retracements respectively of both indices' major AB upswing in (Mar - Jul). SPX breached its H&S neckline briefly before finding support near major support zone (comprising 200day MA, Horizontal support, VWAP, 50% fib retracement) around 4200. Nasdaq fared slightly better and did not breach its H&S support, but teetered on the brink for days before the bulls finally won as it staged a sharp rebound last Friday. Market breath is still mixed with Nasdaq100 leading the pack with 61% of the stocks above their 200day MA (ticker: NDTH), followed by S&P500 with only 40% of the stocks above their 200day MA (ticker: S5TH) and finally, Russell200 is weak with only 31% of its stocks above their 200day MA (ticker: R2TH). With such mixed market breaths, stock picking skills is paramount. While there are still a lot of strong/resilient counters out there (GOOG, META, AFL, ANET, APP, BAH, CLS, CRWD, LLY, VRT, ZS etc), there are also a lot of very weak counters that are now sweeping their (major or range) bottoms (CL, DIS, DOCU, DG, EL, RH etc). Plus many in between trying to breakup from their bases but with mixed results. As of now, the last quarter could more bullish than not, and , and knowing when to exit or sit tight. Market participation is still rather weak at the moment and volatility appears to be the new game for this high inflation era. Hence it could still be challenging to find the right stocks at the right time (entry and exit). Momentum/swing traders would prefer the strong stocks that continue to break higher after each retracement. The longer term investors might be more interested to do some bottom fishing (however, may risk picking a stock could remain at the bottom for a long time due to serious near term fundamental damage). For myself (swing trader), I would prefer to at least choose a stock that has broken up from a base, or to swing in and out of a strong stock. The extreme volatility means I could be swing in and out more often than I would have prefered. And money management rules (stop loss etc) must be adhered to (easier said than done!) Disclaimer: This is just my own analysis and opinion for discussion and is NOT a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management (ie trailing stop loss and position sizing) is (probably the most) important! Take care and Good Luck!
SP:SPXLong
by Juliac
2
BA VWAP bounce LONGBA on the 1H chart put in a double top. Given the heavy volumes on the volume profile, BA was shorted heavily at the top. Those shorts have rode the profit train down to the mean VWAP. At this point they are buying to cover and taking profit and are joined by new buyers. BA has reversed and pivoted up. the MACD is confirmatory. Volume is adaquate and steady albeit without any spikes. BA is a low mover. Price has about 5% upside to the double top and POC line of the volume profile. This is most suitable for a call option trade to follow this megacap up. Please leave a comment if you would like to query my ideas as to a good option for this trade.
NYSE:BALong
by AwesomeAvani
TMV setting up a reversal LONGOn this 4H chart- TMV the leverage bear Treasuries ETF has been trending up in a parallel channel. AT present it bounced from the top of the channel and is heading down to the bottom of the channel. It is there that I will trade long where the bottom of the channel is confluent with the mean VWAP providing an overlap of dynamic support. Near that same level is the POC line of the volume profile. Price needs to stay above the POC line for the probabilities to tell me to trade long. Roughly I am looking for a trade from 145 to about 160 for a 10% move more or less. The stop loss under the channel trend line for about 1.5 and so the ratio is about 6. Once in the area of the bottom of the channel. I will look to the indicators and zoom into 15-30 minutes as a time frame to find the entry. I will entertain taking a trade in a fair number of shares and potentially buy a put option for insurance against the downside to hedge against losses. I expect the trade to last a week or less and so averaging about 2% gain daily.
AMEX:TMVLong
by AwesomeAvani
DE falling into undervalued territory / Favorable Earnings LONGDE on the 4H chart is now setup for a long trade. It is now positioned just above a long term anchored VWAP to which a stop loss can be set just below @ 390. DE was falling before favorable earnings and has not yet reversed. I see this as an opportunity to trade an industrial blue chip taking entry well below fair value and so a bargain. I will get a mixture of a handfulof stock shares and a single option 4 months to expiration. The target is selected to be 445 at the upper Bollinger bands confluent with the second deviation line of the anchored VWAP. This is about 13% upside- while the option's profit potential is substantially higher. If you would like to know the details of the call option leave a comment. ( if this idea is of interest considering liking and following :)
NYSE:DELong
by AwesomeAvani
TUP the newest meme fundamentally dead LONGTUP on the 30-minute chart has some decent technicals. Based on anchored VWAPs one set for 8/1 and another 8/3, TUP has pulled back into solid support at the two mean VWAP lines. Volume has been steady. It is in the middle of the fair value zone and under the POC line of the volume profile. Analysis of that profile is that price should seek the POC as if a magnet. there is could be pushed up or repelled down depending of the relativity of the dynamic of buying and selling pressures interplay in that zone. I see TUP as having 20% upside for sure on the retracement of the trend down. An additional leg up and over the POC line is possible or even probable but not a certainty.
TLong
by AwesomeAvani
4
FORD fell after good earnings - now reverses LONGFORD on the 2H chart double topped in mid July and then descended as it had reached the second deviation line above the mean anchored VWAP. It continued the fall had a bit of pre-earnings run up and then paradoxically fell with very decent top and bottom line earnings. If you know why please let me know. After earnings and the fall, FORD reached the long-term mean VWAP and reversed as can be seen on lower time frames. I see this as a VWAP bounce, the favorite place for institutional traders to make their trades. A volume profile and its POC line find the highest trading volumes of the time interval. the MACD and Price Momentum Oscillators are confirmatory with reversal signals. I will take a long trade here. The stop loss will be 13 below VWAP. Targets are 14 (25%) 14.5 (50%) and 14.85 (25%). This is a simple trade with $0.25 risk which will be eliminated once price gets to $13.5 making it risk and stress-free. I have an options trade in mind. Comment if you want my specifics.
NYSE:FLong
by AwesomeAvani
3
XAGUSD bounces up from VWAP LONGXAGUSD on the 15 minute chart- bounced off an intermediate term anchored VWAP during the middle of the NY session. The Relative Trend Index indicator and the Z-score are confirmatory. Price is now trending on the line of 2 standar deviations above the mean VWAP line . I will open a trade here targeting 25.25 expecting a rise to the third deviation line in green before price should hit some dynamic resistance. This would be about 1% ROI but leveraged on forex several multiples of that. At the same time, I will review the AGQ ETF. I expect the majority of the price rise to be at the overlap of the upcoming London and NY sessions when trading volumes and volatility will be at their highest.
OANDA:XAGUSDLong
by AwesomeAvani
FFIE an EV Sector Penny Stock LONGFFIE is part of the EV Sector but marches to its own drum and cadre of investors and traders ( speculators). On the 15-minute chart the MACD has signaled an entry with the green dot. Price is sitting on the support of the intermediate term anchored mean VWAP lines. The low and high time frame RS lines have bounced off the lows and are in good mid-range. I will take a long trade with a stop loss at the pivot low immediately left. I have targets of 10% and 20% as noted on the chart. I expect the first target this week for half of the position and to carry the rest into next.
NASDAQ:FFIE
by AwesomeAvani