TEM W pattern + base breakout setupMany of the beaten down tech stocks and ai stocks have this same look. Big basing patterns with a W bottom where clear ranges are being formed for a break of the lid.
Thinking entry here in the 56 range with a stop under todays low shoud get a good entry for the breakout here. NASDAQ:TEM
ASST: Trade write-up / 07 MayDaily Time-Frame Context
1h Chart
ASST gapped up over 300% pre-market on news of transitioning to a crypto holding company (a strong hype theme).
Despite being in a long-term downtrend, ASST had a history of prior gap-ups in 2023–2025.
Highest daily trading volume (HDW) ever recorded, with 80M shares traded pre-market.
Low short interest (0.5 days) and a relatively small float of 10.9M.
5-Min Time-Frame Analysis
Pre-Market Action:
Gap-up to Jan’25 highs, followed by shallow consolidation to the rising 8 EMA and VWAP (1h 8 EMA)
Opening Price Action:
Price posted a failed breakdown setup, finding support at VWAP, Jan’25 highs, and the pre-market base.
Selling volume remained low, while reversal volume showed substantial buying interest, with most bars closing at the highs.
MACD signaled bearish posture during this reversal, hinting at potential upcoming consolidation.
Mid-Day Movement
Price reached a mid-day top with increased selling volume, reduced buying, bearish MACD, and flattening short-term EMAs.
Pullback Phase
Price pulled back for 4 hours to early morning support (Jan’25 highs, pre-market top, morning reversal), with gradually decreasing volume, indicating drying-up selling interest.
Pullback had a textbook three-wave structure with ideal Fibonacci proportions.
Consolidation and Breakout
Established a solid consolidation at the key support zone, featuring:
Several shake-outs
Buying volume dominating selling
Sequance of higher lows formation
Inside bars prior to breakout
MACD turning bullish
Possible Entries
Aggressive Entry:
Failed breakdown and V-shaped reversal with an 11% stop at LOD.
Ideal Entry/Aggressive add-on:
After the shake-out/inside bars sequence on low volume, breakout confirmed by bullish convergence of EMAs and VWAP. Full stop could be placed bellow higher low.
Active Uptrend Phase
Price respected the 8 EMA during the active advance phase, pausing only during halts.
(!) Gradually increasing buying volume without a sudden spike - a sign of steady buying rather than stop-loss coverage.
Noticeably lower selling volume compared to buying volume.
Price approached the next significant daily resistance zone at Jan’24 highs - a potential profit-trimming target.
Swing-Trading Thesis
Strong crypto-related hype (becoming a crypto holding company).
Crypto sector showing relative strength since the market top and recovery phase.
Price maintained above key short-term moving averages into the close and post-market, supporting the bullish case.
Bitcoin pullback and altcoin breakout setups further enhance the thesis.
GOOGL SUPPORT AND RESISTANCEGOOGL is trading near the $154.50 level after rejecting the $170 resistance zone, where a sell block (2B) is marked.
There’s a visible gap acting as near-term support around $150.
Below, major buy zones (4B) are aligned at $150–$140, with deeper support at $130, which coincides with the weekly support level.
As long as price holds above the $150 gap, buyers may attempt to regain control.
A break below $150 could push the stock toward the $140 and $130 supports.
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KODK Eastman Kodak Company Options Ahead of EarningsIf you haven`t bought KODK before the previous earnings:
Now analyzing the options chain and the chart patterns of KODK Eastman Kodak prior to the earnings report this week,
I would consider purchasing the 7.5usd strike price Calls with
an expiration date of 2026-1-16,
for a premium of approximately $0.92.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Britannia Risk:Reward of 1:2 to 1:4.🟢 Entry Analysis
Current Price: ₹5,407.50
Support Zone: ₹5,356.55 – ₹5,218.20
Observation: Price has recently bounced off the support zone around ₹5,356, forming a short-term base. Today’s candle is bullish, indicating buying interest.
✅ Possible Entry:
Enter above ₹5,410–5,420, confirming bullish momentum continuation after the support bounce.
Confirm with volume: If volume increases on bullish candles, it supports the move.
🎯 Exit / Target Levels
Resistance 1: ₹5,621.25 — test from November; profit-booking likely here.
Resistance 2: ₹5,800 (next psychological level if ₹5,621 is breached).
🎯 Target 1: ₹5,620
🎯 Target 2: ₹5,750–5,800 (only if ₹5,620 breaks with strong volume)
🛑 Stop-Loss
Place stop-loss below ₹5,350, or safer at ₹5,310, which is just below recent lows and strong support.
This gives you a risk of ~₹100 vs a potential reward of ₹200–₹400, offering a Risk:Reward of 1:2 to 1:4.
⚠️ Caution
Stock previously had a large gap-down in November, suggesting overhead supply exists.
Momentum might pause near ₹5,620 due to past resistance — watch for a reversal signal or booking partial profits.
Safe enter with small stop loss and higher rewards.📊 Equity Analysis: Lupin Ltd.
Current Price: ₹2,036.25
Day's Range: ₹2,036.25 – ₹2,098.00
Previous Close: ₹2,071.40
🔍 Technical Overview
Trend: The stock showed a slight downward movement today, trading at 1.68% lower.
Resistance Levels: ₹2,100 – ₹2,120
Support Levels: ₹2,000 – ₹2,020
📈 Equity Trading Strategy
Entry Point: Consider entering a long position if the stock sustains above ₹2,000 with strong volume.
Targets:
Short-term: ₹2,150
Medium-term: ₹2,200
Stop-Loss: Place a stop-loss between ₹2,000 and 1970 to manage downside risk.
RUM Rumble Options Ahead of EarningsIf you haven`t bought RUM before the recent rally:
Now analyzing the options chain and the chart patterns of RUM Rumble prior to the earnings report this week,
I would consider purchasing the 10usd strike price Calls with
an expiration date of 2025-11-21,
for a premium of approximately $1.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
WULF TeraWulf Options Ahead of EarningsIf you haven`t bought WULF before the rally:
Now analyzing the options chain and the chart patterns of WULF TeraWulf prior to the earnings report this week,
I would consider purchasing the 2usd strike price Puts with
an expiration date of 2026-1-16,
for a premium of approximately $0.43.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Linc Ltd: Cash IdeaLinc Ltd – Positional Trade Setup
Technical Setup:
Strong support at the 61.8% Fibonacci retracement from the previous upmove.
Weekly RSI shows positive divergence, suggesting a potential reversal.
Daily RSI is sustaining above 60; Weekly RSI above 40; Monthly RSI holding 40 support.
W-type pattern visible and forming on the weekly timeframe.
Trading above the 5 EMA on the monthly chart.
Strategy:
Go long with a strict stop-loss at ₹95.
Targets: ₹148, ₹177, and ₹200.
Maintain an average entry near the ₹95 zone for favorable risk-reward.
Staggered buying is advised—initiate partial position now and add more if the price dips towards the SL zone.
Note: Despite strong signals, no setup is fail-proof. Stick to your SL and position sizing discipline.
Motheroson Buy in Cash"A weekly W-type pattern has already formed with a successful breakout above the neckline. Positive RSI divergence and support at the 61.8% Fibonacci retracement from the previous upmove further reinforce the bullish outlook. Any dips can be considered as buying opportunities."
Finer Market Points: ASX Top 10 Momentum Stocks: 8 May 2025ASX:DTR NYSE:WCN ASX:WA8 NYSE:NMR TSX:DXB LSE:KNB NYSE:SMP GETTEX:VTM ASX:AZL ASX:BOE Momentum leading shares are the market's best performers today. They are the fastest-growing shares on the ASX over the last 90 days. These companies can't get to be leaders without first appearing on our Launch Pad list. The Launch Pad List is shared on Thursdays and the video interview published after market close on Fridays. Today's ASX's Top 10 Quarterly Momentum Stocks are: Dateline Resources Limited (DTR) White Cliff Minerals Limited (WCN) Warriedar Resources Limited (WA8) Native Mineral Resources Holdings Limited (NMR) Dimerix Limited (DXB) Koonenberry Gold Limited (KNB) Smartpay Holdings Limited (SMP) Victory Metals Limited (VTM) Arizona Lithium Limited (AZL) Boss Energy Limited (BOE)
Meta - can buy or not ?Looking from weekly chart, we are up 2 weeks consecutively!
A nice ABCD pattern has been completed and price is now consolidating at the resistance level of 602.66. Note there is a small gap up on 30 Apr.
How will price moves from here ?
1. It moves down to close the gap and then continue the run up
2. It breaks above the resistance level and run up
You can park 5% at option 1 as it is difficult to know in short term how the price action will move.
Then, if the price goes to option 2, you can add more, ie 10-15% .
Both options are on the basis you bought into the fundamentals and growth story of this company. If you are trading for short term, then it is a different story. Price has already rebounded 50+% from the bottom, meaning you probably have missed the boat to go LONG around 480-520 price level.
It also depends how long you want to hold this stock for , is it a day , a week or months? The longer your time frame, the lesser precise you need to be in your entry. Don't lose sleep if you did not catch it at the ultra bottom, very few can (they are more lucky than skilful )
As usual, this is not financial advice and please DYODD