Reverse H&S for nice 20% scalp opportunityNiiice reverse H&S just printed. Looking to for a quick scalp around the highlighted area where it broke the up trend around 1.28
PRTS trade ideas
PRTS Short Trade Setup (30-Min Chart)!### 🔻 📉
🔍 **Stock:** PRTS (NASDAQ)
⏳ **Timeframe:** 30-Min Chart
📉 **Setup Type:** Bearish Breakdown
### 📍 **Trade Plan:**
✅ **Entry Zone:** $1.18 (Breakdown confirmation from the descending triangle)
🚀 **Take Profit 1 (TP1):** $1.11 (First Key Support)
🚀 **Take Profit 2 (TP2):** $1.04 (Extended Target if selling pressure continues)
🔻 **Stop-Loss (SL):** $1.24 (Above resistance to limit risk)
📊 **Risk-Reward Ratio:** Favorable for a bearish continuation 📉📈
### 🔹 **Technical Analysis & Setup:**
✅ **Pattern:** Bearish Breakdown from a Descending Triangle 📈 → 📉
✅ **Resistance Zone:** Strong seller presence around $1.18 - $1.24
✅ **Breakdown Confirmation Needed:** Price should drop below $1.18 with strong volume
✅ **Momentum Shift Expected:** Breakdown signals a potential downtrend
### 🔥 **Trade Strategy & Refinements:**
📊 **Volume Confirmation:** Look for increased selling volume below $1.18 📉
📉 **Trailing Stop Strategy:** Once price reaches TP1 ($1.11), adjust SL lower to secure profits
💰 **Partial Profit Booking:** Take partial profits at $1.11 and let the rest ride toward $1.04+
⚠️ **Watch for Fake Breakdowns:** If price rises back above $1.20, reconsider the setup
### 🚀 **Final Thoughts:**
✅ **Bearish Breakdown Expected** – High probability of continuation lower 📉
✅ **Strong Resistance at $1.18 - $1.24** – Ideal short entry for risk-reward optimization 💰
✅ **Momentum Shift Possible** – A drop below $1.11 could accelerate downside move 🚀
📊 **Trade Smart & Stick to Your Plan!** 🏆🔥
Would you like any refinements or additional insights? 🚀📉
🔗 **#ShortTrade #StockTrading #PRTS #TechnicalAnalysis #DayTrading #MomentumTrading #BearishBreakdown #RiskReward #TradingPlan #ProfitToPath** @vibes12 @dvibes1234
PRTS Short Trade Setup | Entry, SL, T1, T2!Type: Short Trade 📉
Entry Point: $1.32 (breakdown level)
Stop Loss (SL): $1.40 (marked in red) 🚫
Target 1 (T1): $1.23 (marked in yellow) 🟡
Target 2 (T2): $1.15 (marked in green) ✅
Reason for Short: Rising wedge breakdown with bearish momentum forming near $1.32. The price failed to break resistance near $1.40 and now shows potential for further downside.
Confirmation: Break of the trendline support and rejection at a key resistance zone near $1.32.
Timeframe: 30-minute chart.
@vibes12
PRTS Breakout Strategy: Key Targets & Setup!Entry: 💹 $1.26 (confirmed breakout above the trend line).
Stop Loss (SL): ❌ $1.20 (below the support level).
Target 1 (T1): 🎯 $1.33 (first resistance level).
Target 2 (T2): 🚀 $1.42 (next resistance level for extended gains).
2000% Parabolic extension for CarParts.com??On the above 6 week chart price action has corrected 98% since February 2021. A few reasons now exist for a long interest, they include:
1) Price action and RSI resistance breakouts
2) Price action confirms support on past resistance.See 15 year chart below.
3) Regular bullish divergence. This divergence prints on legacy support / resistance.
4) No share splits!
Is it possible price action corrects further? Sure.
Is it probable? No.
Ww
Type: Trade
Risk: Small market cap, keep positions sizes small
Timeframe for long entry: Weeks
Return: 500-2000%
Stop loss: will say elsewhere
15 year chart
Car PartsPretty simple idea on this one, stock hits this bottom trend line and recovers 200-300%. Could take a little longer for the return, but seems easy on r:r
PRTS - Penny stock about to launchPRTS is a car parts online seller. During covid boon, the company grew agressively, so is their share price and market cap.
Since then, not much dilution, 600m NR, P/S is below 0.1!!
Issue is profitability, the company does not have a debt issue, current cash and current profitibability and FCF can last years so no dilution to be expected.
In July, they started a TV commercial campaign, insider buy at 1.09 level for 100k usd. I mean for me this is an obvious play, but at 1.10 below, ride to 2 usd easily. Even then P/S will be still 0.2 and with their transformation of product portfolio, if they post a profitable quarter end of the year, easily we will x3 here.
I put enough money that I will not be sad if I lose. I think we are at the floor prices but anything can happen, this is not classic mag7, yet I see a very nice risk reward with stop loss at 0.95
$PRTS Looking at NASDAQ:PRTS it appears to have formed an inverted cup and handle formation on the 1d. It has also formed a Supply Zone close to the demand zone. bringing the FVG to a low. Once this breaks 7.43 i expect it to rocket upward out of a short squeeze.
PRTS - short breakout from horizontal supportbroke horizontal support
Setup:
NASDAQ:PRTS 1D chart
SL placed above last pullback
enter with limit order @ low of range level
TP @ level of previous resistance turned support from 2019/20
carparts.comThe company is experiencing improved margins as well as record sales growth. This is a good way to keep investors interested in the stock during this difficult time. A standard car will now last approximately 12 years or 200,000 miles. We'll need spare parts.
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CarParts - PRTS - Growth Opportunity?CarParts - PRTS - I know CarParts aren't as exciting but PRTS is looking good for growth based on technicals!
PRTS seems at a bottom- Strongly retook 20 EMA weekly. Next week will likely be soft. But long run it probably goes back to ATH.
- watch for 16.41 level to overtake next.
Pretty structure forming in PRTSPRTS is forming a nice pullback (on decreasing volume) after a big jump due to their announcement on increasing EV parts. IV has jumped substantially so people are anticipating a big move from here. A jump to the mid to lower twenties is my pt.
Launches First Electric Vehicle & Hybrid Focused Shopping HubCarParts.com Launches First Electric Vehicle & Hybrid Focused Shopping Hub
This week launched a new dedicated shopping hub for the hybrid, plug-in hybrid, and electric vehicle (EV) community. The ecommerce retailer is transforming the way drivers shop for auto parts, so naturally, building an online store for EVs and hybrids is the next big investment in the company’s growth and commitment to getting drivers back on the road.
In recent months, CarParts.com’s product offering for EVs and hybrids has grown to include over 700,000 applications for the repair, maintenance, and enhancement of hybrids, plug-in hybrids, and EVs. Aftermarket parts are available for over 25 popular vehicle makes, including Tesla, Toyota, Honda, GMC, BMW, Ford, Lexus, Chevrolet, and more.
As EVs and hybrid vehicles age, consumers are more likely to buy aftermarket parts.
finance.yahoo.com
Long | PRTSNASDAQ:PRTS
Possible Scenario: LONG
Evidence: Price Action, Option Activity
TP1 ~15.45$
TP2 ~17.30$
This is my idea and could be wrong 100%
PRTS LONG BREAKOUTClear evidence of a symmetrical triangle on the verge of breaking out. I believe the bullish trend leading into this triangle should be a indication of breakout to the upside, however we should also be aware of the potential downside. Breaking below the bottom support of this triangle could lead to a correction testing support at around $ 9.00 - Breaking out above resistance could allow us to test highs of about $ 16.00. -
