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Aspen Aerogels, Inc.Aspen Aerogels, Inc.Aspen Aerogels, Inc.

Aspen Aerogels, Inc.

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ASPN trade ideas

Market Update - 6/15/2024This week I do a deeper dive into all the things I look at, outside of the regular trades. Summary: • overview of my strategy, experience, style • large cap tech is driving all the performance, seems quite overbought ( NASDAQ:QQQ , AMEX:SPY ) • market breadth keeps worsening ( INDEX:MMOH , AMEX:IWM ) • interest rates ( TVC:US10Y ) have dropped, which in my opinion reflects more of weak economic outlook and weak equity returns, rather than a strong fuel for a potential market rally • currently I'm only 35% invested, 5 positions • down 3.5% since last week • however, combined performance with my passive account is slightly up (long position in NASDAQ:TLT and a long put on NASDAQ:QQQ since Friday) • lots of failed breakouts, reversals in the last few weeks in my watchlist and portfolio • limited opportunities, only a few interesting setups: NASDAQ:AIRG NASDAQ:IPW NASDAQ:FOSLL NYSE:BRCC NYSE:ASPN • will remain cautious and only add 0.1-0.2% risk positions, and only up to 50% invested
NYSE:ASPN
by BenedekBokor
ASPEN AEROGELS Stock Chart Fibonacci Analysis 072623 Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 8.02/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : A A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
NYSE:ASPN
by fibonacci6180