HEAR trade ideas
Calling Long on Hear - Historical Breakout Seeing high demand in 19.95 - 20.60 range... something has to give. If on Monday (6/25) we can break resistance at 21.45 we could see a major breakout similar to long breakout on 6/13 (first green arrow). With that momentum we could pass up 50 MA! Fundamentally HEAR can see this momentum from "Fortnite Effect".
Let me know what you guys think. High school, amateur trader. Doing this for fun and looking to learn more!
Potential Breakout from Symmetrical Triangle?Symmetrical triangle with ascending and descending lines with similar slopes. At 75% of the triangle we should see a breakout. Could go either way. With bullish breakout from triangle it could take us to a 24.30 test. Bearish breakout could take us to support at 21.45. I am expecting a bullish breakout due to the momentum of the company due to the "fortnite effect".
For the record, I am in high school and I am an amateur trader. I am just trying this out for the first time since I just recently read up on some different chart patterns such as triangles. Let me know what you guys think of this!
Potential Breakout from Symmetrical Triangle?Symmetrical triangle with ascending and descending lines with similar slopes. At 75% of the triangle we should see a breakout. Could go either way. I believe in it going long just based on the momentum of sales and Fortnite popularity. If breakout sees a continuation, could take it up to a 24.30 test. Bearish breakout would see support at 21.45. Sell stop put at 21.80 for going long.
Short/ Long.... undecidedStock did a 20x in a couple months due to reports of their profit which stems from battle royale gaming that everyone plays now. If the gaming industry keeps heating up i assume this stock should perform well. Short term might need a little pull back before it moves farther up.
Turtle Beach: Irregular FlatThis is a volatile stock at the moment, so be careful, we can see there's an impulse then a pullback and another move extending over the HIGHS, so it's an irregular flat and we know how irregular flats behave, it's critical you wait for the break of the B wave because this can keep crawling up!. If it breaks and makes a correction on a lower time frame we will be shorting!
HEAR is a clear short to meI shorted at the blue circle. The bottom is about to fall out. All the longs are calling for $25....know when the ride is done my friends or you kicked out of the park. I will take some profit at 14..seems like a decent support level. I will probably cover 50% and then place my SL ATH and I will enjoy the ride.
$HEAR EASY MONEY$HEAR is in need of a correction.
The past two weeks have seen enormous gains. Big players to sell soon and change their longs to shorts.
Looking for exit in 2-7 days.
Short #2Not too often (looking back to 2014) this generates 2x short signal (scale in), but it just did.
HEAR another one of my favorite patternsWe have a pennant formation and chart history shows it has been a reliable spoiker in the past. Looking for an entry at .49 after nice consolidation yesterday in a bad market
HEAR: PAY ATTENTION TO THIS LEVEL FOR A POTENTIAL BREAKOUTHEAR is trading in a range. Pay attention to the 1,30$ level for a potential breakout. Don't trade in the middle please, wait for a solid breakout.
"Il viaggio" for higher ground Possible Harmonic patterns setting up
Notations on chart!
If you agree with my chart(s) or just want to show appreciation - please... click the thumbs up in top left corner of the chart.
I would really appreciate it! Thanks!
Trade What U C
@BLawrenceM
Follow me on Twitter for intraday updates and scalp plays. I do my updates there.
It's a lot quicker and easier for me and you get the benefit of having the update by phone or tablet
I hope to see you there too.
Yes music from Italy... on vacation there :)
Music at work: Eros Ramazzotti... Il Vaiggio
www.youtube.com
open.spotify.com
HEARing ImpairedProbably not going to take this trade, but wanted to post a chart for future reference. If I see accumulation between 5-6 I may take a stab at a long position.
