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Vwapbreakout

GE has a solid ongoing trend higher LONGGE on a 240 minute chart shows an anchored VWAP and volume profile both anchored back into October and a price action breakout beginning after the November earnings report and sustained through the early February earnings report. Both reports showed significant beats on earnings as well as good beats on revenue. I see GE as a solid long term long swing trade into at least the next earnings in about ten weeks. Another approach aside investing is a long term call option more than one year out to capture the tax advantage of the long- term capital gains tax rate. I will zoom into a 30 minute time frame and go long with the best entry of a pivot low.
NYSE:GELong
by AwesomeAvani
FSR is driving to its earnings LONGFSR is shown here on a 30 minute chart on the move up in the approach to earnings on February 29th. For comparison purposes only TSLA is shown sideways with the purple line. FSR has started a VWAP band breakout into the area of the mean anchored VWAP where it could pick up institutionally based trader interest. The growing volumes of trading are obvious and lend further support to taking a position. I will long long here with both shares and options as a pre-earnings play. The call options for mid-March are $ 6.00 per contract.
FLong
by AwesomeAvani
8
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
GRPN on a one month breakout LONGThis is to follow up my previous idea on Groupon. On the 2H chart, price is in a one month sustained breakout from the volume profile and into the upper VWAP band lines both anchored for end of 2023. The faster green RSI line crossed the 50 about the same time and basically has not looked down. The slower RSI line has slowly risen from 55 to 65. This is in the consumer discretionary sector and hot necessarily hinged to technology stocks. I see this as rock-solid as it gets. I will load more shares now and also load more ona dip There was a big earnings miss in November and then Goldman Sachs raised its target from 5 to 7.5 which seems like a big adjustment after an earnings miss. I suppose GS knows their stuff.
NASDAQ:GRPNLong
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
PLUG - flagging at rest for continuation LONGPLUG on the 120 minute chart is resting on its trend up. Earnings are about 4 weeks ahead. The uptrend has been solid. Two bull flag patterns are noted along the way. They follow pops on the Relative Trend Index indicator also showing bullish buying volatility on the Relative Volatility indicator. I see the rest ( consolidation) as a good point to add into my ongoing long position for PLUG which recently got an upgrade and higher target by more than one analyst. For a basic and simple trade, take the 3rd upper VWAP band at 6.35 as the target the mean VWAP at 4 as the stop loss for a basic3:! R:r trade. For something better zoom into a 15-30 minute time frame reset the anchored VWAP and fine tune.
NASDAQ:PLUGLong
by AwesomeAvani
1
NKLA gets some momentum LONGNKLA had a nice long test run of one of its trucks in California this month. It signed a deal for a 10-year hydrogen refueling. Not a big deal, but may be the first company to sell fuel along with its vehicles and get government subsidies along the way. The days of doing photo shoots of a prototype truck rolling downhill are clearly in the past. While alwys speculative, NKLA is getting more search hits on Bezinga and Zacks suggesting there is trader interest and maybe even some investors. On the 120 minute chart, NKLA has ascended about 25% in the past week. It is approaching the intermediate and longer-term anchored mean VWAP lines in black. It is there that volalility and volume are expected to be the highest. This is 0.84 to 0.89. In this zone, institutional traders may take or exit positions. The upper end of the high volume area is at 0.90. I will take a trade here expecting price to go about 13% higher to 0.88. There it will either continue the VWAP band breakout or be rejected from that resistance level. The RSI and MACD indicators show bullish momentum to validate the long trade idea. An additional factor is whether a short squeeze could ensue. In the near term from now until March, the put to call ratio is 0.05 to 0.25 making for very few near-term put options. However, in the April monthly the overall put-to-call ratio is 3.5. This suggests an expectation of a good rise rise in the next 1-2 months and then a correction or breakdown at 3 months. In July the ratio falls to 0.05 at least for the time being. If a short squeeze does get set up, put positions in April will be liquidated in short order and the buying of call options to cover those puts may accelerate the trend up. Overall, my target is 0.88 while the stop loss is 0.73 under the evolving POC line of the volume profile. Since my call options printed a 60% profit for the day, I will add to the position to capture more of the expected move. ( $1.00 Strike 2/9 expiration currently $2.00 per contract- no stop loss total loss vs expected gain 250%+)
NASDAQ:NKLALong
by AwesomeAvani
TQQQ - Leveraged QQQ rising after reversal LONGOn the highly reliable weekly chart, price was under the Ichimoku cloud since April 2022 putting in a couple of bear flags on the way down while first getting support two standard deviations below the mean anchored VWAP and then one standard deviation showing increasing strength finally crossing above the mean VWAP in May then with a retest and bounce in late October while forming a bull flag. The breakout in the past month suggests another leg up is underway with a potential of the same magnitude as the flagpole in the current pattern. If accurate this could lead to a price of $68 by next July or 70% higher than the present over 7 months. I will take a trade of 10 call options with a strike of $ 65.00 for a July expiration. Each time the stock price rises by $5.00 I will close one of the options yielding a tiered liquidation along the way to collect profit.
NASDAQ:TQQQLong
by AwesomeAvani
2
DLTR reverses up on pre-earnings move LONGDLTR has earnings in 3-4 trading days. On the 30 minute chart it has been sideways and maybe a little down for this past week which is par for the course given the general market. In the last trading day, price bounced up from the lower of the two Bollinger band set at 2.618 standard deviations below the mean basis band. The ZL MACD lines are upgoing and crossed over the zero-line. The ADX lines both negative direction and positive direction are flat and ad the zero level. The BB Oscillator demonstrates the bounce at the Friday morning open. I will take a long trade in DLTR in the next three days anticipating that trader interest and a little greed will push the price higher. I may take a call option as well. If you want to know which call I may have an interest in taking, please leave a comment.
NASDAQ:DLTRLong
by AwesomeAvani
TMV leverage inverse ETF for treasuries SHORTTMV on the one-hour chart tested two standard deviations above the mean VWAP in both late May and early July it fell to one standard deviation below VWAP but then rose sharply into beyond the two standard deviations line ( thick red ) ascending into a YTD high. I believe that this is due to the recent federal debt creditworthiness downgrade. The threatened rise of BRICS reserve currency and potentially adversely affects the value of the dollar ( DXY) while supporting gold prices. I see this as a good continuation play no matter the overextension of price. Both the dual MTF and the zero lag MACD however suggest a pullback. The mass flow indicator does as well. As a result I will look at TMF to go long trusting the indicators to give me a directional bias.
AMEX:TMVShort
by AwesomeAvani
SOFI vwap crossover earnings 2 days LONGOn Friday the 28th SOFI had a good day. I am looking for more of the same going into earnings. It dropped through the middle VWAP bands and remarkably rebounded. Great volatility to be exploited. Some consolidation at the +1 Standard Deviation band is normal and healthy. SOFI as a financial technology has been honing its margins in a challenging environment. I see a long trade here and will take it being careful to take profits quickly and pay attention to the earnings release. A stock trade on an the intraday basis is considered. A 1 % stop loss is good enough since price is sitting on dynamic support. The target is 10.0, the pivot high of mid-July, This is 2.5% for a modest quick trade with a risk of 1 for a reward of 2.5. Just a basic trade at a good entry.
NASDAQ:SOFILong
by AwesomeAvani
NVDA Breaking Out from Consolidatiom LONGNVDA has been in consolidation for two weeks. On the 1H chart, yesterday, the MTF RSI indicator shows that the lower TF RSIc rossed over the 50 level and then crossed over the higher TF RSI a clear and convincing sign of rapidly increasing relative strength. Price is in a VWAP breakout now having crossed from the mean VWAP anchored into mid- June and up crossing over the one and two standard deviation lines. The zero-lag MACD shows a line cross under the histogram occurred in the after-hours trading on Tuesday evening. Price has crossed over the POC line of the visible range volume profile yet another sign of bullish buying pressure and momentum. Overall, my analysis is that NVDA is set up for a long swing trade which I will take today.
NASDAQ:NVDALong
by AwesomeAvani
5
Can AMC continue the bullish momentum?AMC popped over 50% on the last trading day. So questions arise could include whether there is an juice left in the move? Are there short sellers now buying to cover to cut their losses? On the 15 minute chart, the parabolic move is obvious. The volume profile shows the highest volume of trading at 7.42. A typical end of the trading day and week fade is seen with volume falling as well. Price is now getting support at the first VWAP band above the mean line somewhat confluent with the POC. A reasonable target is the high of Friday's trading session at 8.75 but bullish momentum could push price above that resistance. The is a major VWAP band breakout. a parabolic move that potentially could continue. Accordingly, I will take a risky trade with a limit order at 7.45 where AMC will be above its POC line as an sign of a potential resurgence of bullish momentum. I will watch for a volume spike showing that new buyers like myself and short sellers liquidating are combining in selling pressure. I anticipate great price action and a quick profit. The trick is knows when to sell to realize profits I will sell one-tenth of the position for every 3% in profit unrealized and could find an overall profit of 15-25% which would be a great way to start the trading week. Some might call this chasing and I understand that. I see it has high risk with higher potential reward especially if a short squeeze kicks into the higher gears.
NYSE:AMCLong
by AwesomeAvani
19
Can BUD recover? LONGBUD trended down in the social media fiasco until June 1st and then reversed. Based on long term VWAP lines ( mean and standard deviations) anchored to April 1st on the one hour chart, BUD is crossing over VWAP lines from below and is now approaching the mean VWAP at 59.25. It could make a bullish move and cross the mean VWAP or it could bounce down if short sellers dominate buyers and longs closing their positions. The dual time frame RSI shows both low time frame and high time frame strength over 50. The three in one indicator shows money flow and momentum to also be bullish. My call options expiring 12/15/23 striking $55 are up 23% since July 1st. This is reasonable unrealized profit for the risk taken. I see BUD with more upside potential than downside risk. I will take more call option contracts for $65.00 at a premium of $195.00. they have appreciated 15% in the past 24 hours. This is a conservative low beta low risk options trade. Buy low, sell high !
NYSE:BUD
by AwesomeAvani
PLUG rises on EV Sector strengthPLUG on the daily chart demonstrates a VWAP breakout having first trended down into the lowermost VWAP bands from anchored VWAPs originating in November 2022 and January 2023. Fundamentally, PLUG is burning cash but less of it with each succeeding earnings report. In the past two months price has ascended through a couple of VWAP lines and has now crossed the mean VWAP in a sign of bullish momentum. Price bounced up from the POC line of the volume profile in a demonstration of bullish buying power and buyers defending that support level. The dual RSI indicator shows that the 3-hour time frame RSI line in blue crossed over the slower weekly time frame RSI line in black about June 28 and they are both above the 50 level is another bullish sign. On June 30, the zero-lag MACD had its lines descend to the horizontal zero line and bounce upward over a positive histogram. The relative volume indicator shows increasing overall volumes with the mean rising from 15M to 26M daily overall. The presumption is that increasing volume supports price action while decreasing volumes would cause price and volatility stagnation. From this analysis, I conclude the time is right for a long-swing trade of PLUG. i will zoom into a 15-30 minute time frame seeking a pivot low from which to enter using a stop loss of 12.15 and targeting those upper aVWAP bands/lines.
NASDAQ:PLUGLong
by AwesomeAvani
NFLX builds more momentum LONG for nowNFLX has been trending up for three weeks. If the trend is getting old it is now showing. Based on a set of two anchored VWAP bands originating June 1 and June 15, Netflix is breaking through VWAP bands from the lower -2 standard deviation lines to the +2 standard deviation lines and nearly the third upper deviation lines. This is a clear and convincing VWAP breakout with buyers in overwhelming control Trading volume today is about 4 or 5 times the running average and about 1M. Volume support for price action is obvious. The dual time frame RSI shows 1 hr TF RSI (blue line) shot up crossed over the daily TF RSI (black line) and is retreating a bit. The daily RS is below 80 and still trending up. The MACD shows a classical bullish momentum pattern with the lines well above the histograms. Overall NFLX has the risk of overextension and possible topping with a fade afterwards. The mass index indicator shows a value into the reversal zone but until the value rises and the drops to 26.5, the trend is still intact. I will take a long trade here, hoping for a quick 5% ROI between now and the end of the week and about 50% on an options trade with a strike of $500 expiring July 28th which I will close upon a confirmed reversal and use the profits realized therefrom to buy a put option to take a ride down.
NASDAQ:NFLXLong
by AwesomeAvani
1
GOEV pulled back and is re-entry ready LONGGOEV on the 30 min chart had a big trend up from June 30th through July 5th- then pulled back for two day before a huge momentous move up on Friday July 7th. where it moved from the support of the mean VWAPs anchored in mid June into overbought territory two standard deviations above that level. On Monday July 10, price dropped precipitiously back to those mean anchored VWAPs. The past day was marked by sideways consolidation. The volume profile shows the heaviest trading volume at just below the VWAPs which is cross-validating. The Chris Moody MTF RSI indicator shows the lower TF RSI in the past day has crossed above 50 and now at 60 meeting the higher TF RSI. The zero-lag MACD has the lines crossing over the zero horizontal line and parallel suggesting a bullish continuation. Overall, I see a long trade setup with possible significant price movement anticipated perhaps in the range of 20% targeting the pivot high last Friday.
NASDAQ:GOEVLong
by AwesomeAvani
DPST- Banks will thrive if rate hikes are over LONGDPST is shown here on the 15- minute chart- This triple leveraged bank stock hit a double bottom in late June and early July with a double bounce from the lines one standard deviation below the mean VWAP lines anchored at pivots in mid-May. These lines provide dynamic support and resistance unlike vertical lines from pivots. From the VWAP breakout, price has crossed over the mean VWAPs and is not at the level of the volume profile's POC line and the one standard deviations above the mean VWAP. The two time frame RSI indicator shows the lower time frame rising from below 20 to over 50 and crossing over the higher black line TF RSI is for me a clear and convincing sign of bullish momentum in its extreme form. Fundamentally, bank stocks are gaining in the federal news data regarding CPI and PPI. Based on this analysis, I will take a long trade here targeting the second deviation lines at about $70.5 representing about a11% upside in one week or less.
AMEX:DPSTLong
by AwesomeAvani
Is DKNG a bettable buy?As shown on the daily chart DKNG has been on a clean rise this entire year now up 100% over the first six months. An earnings report is due in about three weeks. Sports betting may have some seasonability and most of all collegiate and professional sports are in the off season at this time. No matter, the chart shows a steady rise since the last earnings ( small) beat in an ascending channel between two and three standard deviations above the mean VWAP anchored one year ago. The MTF RSI indicator of Chris Moody shows both RSIs at about 70 and so not overbought. Trading volumes are steady and consistent. The relative volatility indicator shows some increases in the past 9-10 trading days. Overall, I believe that DKNG is suitable for a long swing trade which I will close just before earnings.
NASDAQ:DKNGLong
by AwesomeAvani
1
PSNY a niche EV manufacturer penny stock LONGPSNY has seen a price rise of 30 % in the past month. This specialty EV manufacturer does not compete with TSLA but only perhaps ARVL also based in the UK. The 2H chart is quite healthy. Price broke out above the mean VWAP anchored to the beginning of the year on July 3rd and is now approaching one standard deviation above that. The MTF RSI shows both the one hour and daily RSIs crossed over 50 the same day. On the MACD indicator the K and D lines crossed confluent with the horizontal zero line. Signs of bullish momentum found, I will take a long trade targeting 25% of upside at $6.00 which is the double top on January 31/ Feb 1 as well as three standard deviations above the mean aVWAP.
NASDAQ:PSNYLong
by AwesomeAvani
7