Cup and handle forming on SHOP, cooling off after overheated RSI. Looking for an entry around blue horizontal.
My colleague pointed this one out fundamentally right after the irrational sell-off. I entered an October call setup at a favorable level and have watched the slow uptrend. Exit prices marked in green for first sell and the horizontal blue above.
This trade was pointed out by a few alpha channels I follow, it makes sense and the support/resistance have touch points from months ago. This is an easy 10% swing and if options are utilized can equate to a hefty sum just by filling the large candle of the gap.
I rarely show my entire predrawn chart setups but am very proud of how I played riot since q1.
Riot had a nice pullback today and will likely continue momentum. I hold Mara long-term spot and tend to trade riot on these resistance bounces multiple times per year. Look at the chart, it has played out beautifully.
If you have followed my account you know we got into ACHR near the regional bottom. This is a long-term investment that has been added to ARK invest portfolios and achieved investment from Boeing, United Airlines and others. Short-term if it can take this resistance level we could see 10$ in the near future. Call setups on 7.5$ strikes have been my play.
GH and a few others looking to continue ascending channels/triangles into possible upward breakouts, 40+ impending
NVO has had a rather slow break of a bull flag and resumes on an upward channel/ascending triangle, above the top green line and we should see 200$+ in the coming days
NVO bull flag playing out, weight loss drug hype carrying the stock along with denmark GDP assistance. NVO is larger than the entire GDP of denmark and is assisting in keeping the country from default.
SPY came very close to our price target of 430 but is looking to bounce back to 450s to coil up into this make or break pattern. Macro factors will decide the fate of this but we are feeling new all-time-highs around 500 before a major correction.
TSLA and NIO both broke resistance on the downtrend and have a strong reversal of RSI on powerful volume, hard to short story stocks for long, and the EV hype is strong.
BTC finally breaking trend to downside, this could be a long squeeze, but be careful of a fakeout. RIOT and MARA will plummet as well.
Where I was previously bullish, U is set to be hit very hard due to terrible EPS and financials among the tech sector which was clearly overheated. I believe we have been in a recession for months, and Apple having slowed growth is a key sign that SPY is headed to 430 or lower.
I have entered a put position on ROKU among others as this macro reversal hits poorly performing (financially) tech stocks the hardest
I have flipped bearish if you couldnt tell and am looking at key players that will crush the sPY down to at least 430, apple is one.
SPY looking for 430ish obvious sell offs for many rallied tech stocks. After apple earnings well short, which is rare, it looks like we have been in a recession for a few weeks. With the yield curve at historic levels will this be just the beginning?
Looing to re-enter call setups on nio around the support line weve played multiple times this year. Have to make sure tesla is shaping up and china hype remains.
NVO has been killing it lately despite a miss on earnings. Guidance is key here for a positive breakout. If this flag breaks upward we will see 210-220$.