CardinalRuleTrader

CardinalRuleTrader

With so many traders being convinced that AMD will outperform NVDA in 2025, it should be fun to keep a running tally.

CardinalRuleTrader

Showing great strength while the market is pulling back. It's not a widely talked about name like NASDAQ:NVDA or NASDAQ:AAPL , so it feels a little under the radar. It's already trading in a decently tight range of about 5%, but I'd like to see it tighten a little more while the market continues to be weak. That would give me a great low risk pivot to get onboard with.

CardinalRuleTrader

I drew a couple lines to show what I'd like to see over the next couple trading sessions. Not only would that be a pullback to the top of a long base but it would be a pullback to the 20sma. As it turns up from there could be a good opportunity for a low risk pullback buy entry. The market might keep me from pulling the trigger, but if I decide to go in I won't...

CardinalRuleTrader

I scrolled back as far as IXIC would supply me the data and I was unable to find a day that had this much volume at all. I realize that this is just one single data point in a sea of data points, but this is a very strong one. This is not trading advice, but it is a word of caution for myself for the near term. The correction we are currently experiencing has...

CardinalRuleTrader

Of course I have no idea how the price of NASDAQ:QURE is going to open Monday morning, but if it opens within the body of Friday's candle or a little lower, I'll buy it two times as it breaks above 18.13 and then 18.50. I'll set my stop to the low of the day and see what develops. Having moved up 150% in just 14 days it's an awfully powerful stock and deserves...

CardinalRuleTrader

NASDAQ:CYBR caught me off guard with this move through the pivot on New Years Eve, but when the volume comes in heavy like this, the unexpected can happen. I'd still consider buying this if it gives me a mini pullback like I drew in white here.

CardinalRuleTrader

TSM with support off the 20 day but can it hold? You can start a position here if you like low risk/high reward trades. A stop at the low of the day is <1% risk. If I was taking this trade I'd wait for it to take out the high of the day and I'd open a 1/4 full size position. Or better yet I'd wait to see if it holds support today and then buy on a follow through...

CardinalRuleTrader

The price of bitcoin is dangerously close to the neckline of the head and shoulders pattern. Will it find support and work its' way higher? It's already trading below the 20 and 50 day moving averages, and the 200 day is a long way away, so it won't find support there. Or will it continue down through the neckline and set up an new base below this one? I have...

CardinalRuleTrader

With solid support on Friday off the 20 day moving average and a quick above average volume recovery form the sell-off on the 18th, TSM is my top candidate going into the new week. At about 10 weeks old with 4 tightening price contractions it looks ready to go here and offers a low risk entry. Looking forward to Monday to see what direction it and the general...

CardinalRuleTrader

A 250% earnings reaction in seven weeks shows incredible strength for REAL. I was looking for a buyable pivot to form in the shaded flag area but it took off without me. I may not get the pivot I want, and if that's the case I may resort to buying it on support off the 10 day moving average.

CardinalRuleTrader

I’m going through my watch list this morning and I’m removing a lot of stocks from it that have formed bear flags after the selloff on Dec 18th. If you’re a dip buyer maybe you like pullbacks. But if you’re a technical trader you can quickly spot the bear flag on this chart. See that high volume distribution day followed by lower volume as the price trickles...

CardinalRuleTrader

NYSE:ARIS had a nice set-up and moved through its' pivot today. Looks like it found resistance at the 50 but it's still above the pivot for the time being. Nice volume on today's move.

CardinalRuleTrader

NYSE:MCD has been trading tight, breaking through its' pivot on 7/20. I was able to get a tidy 3.42% risk entry so I opened a full position. She tried to follow through to all time highs early this morning but throughout the course of the day the price pulled back into the base. I didn't get a follow through but the market was knocking down most breakouts today,...

CardinalRuleTrader

There are a few things going on here that I think make RMD a breakout candidate. The stock is trading above its' 50 day moving average and around the 20 day moving average. A breakout should pull it well above the 20 day. The correction here was shallow, maybe even a bit too shallow at 8.7%. The base is also shallow and has just two tiers. The first tier narrows...

CardinalRuleTrader

Bought into NVTA today looking for a breakout soon. The share price was trading in a tight range and volume had dropped to a low level simultaneously. There is also evidence of institutional accumulation. Today was a down day for the market on the whole and NVTA was no different. Even though the price was down 4.28% it wasn't down on heavy volume, so that's...