ChaseMColvin

ChaseMColvin

QS broke out of a wedge on the weekly chart, watch to see if it breaks the $31 and $37 resistance levels, if it does then I can see it going upwards to the $44 range. A break of the $31 resistance level is important in order for QS to continue going in an uptrend; the daily chart formed a Shooting Star or "Doji" Candlestick (which is typically a bearish reversal...

ChaseMColvin

AHT looks to run back to levels seen last June, price broke through the 50 EMA today on the weekly chart and there has been A LOT OF VOLUME the last few trading periods. It is up to $7.11 and got as high as $7.36 as I type this in after hours - after closing at $6.27. I'm currently holding shares and in some 06/18 7.5 calls, my targets are between $8-$10, from...

ChaseMColvin Updated 

XPEV CALLS HAVE PRINTED OVER THE LAST TWO WEEKS!! I POSTED a chart over a week ago of XPEV breaking out of a bullish triangle, I said it could run to the area of resistance I marked at roughly $40. I initially bought 5 06/18 $36 calls (.56 ea) on 05/26 Today they are valued at (4.32 ea) and have reached my target for a gain of 672% or profit of $376 per contract.

ChaseMColvin Updated 

Would like to see TSLA stay over $600, if it can get over $605, it could start moving, VWAP is at $608 so once it breaks 608-610 it can really start moving. Swing calls could be a good option for TSLA if it is able to get over $605-$608. TSLA JUST BROKE THROUGH 200 EMA Resistance as well. Bought 3x 600 c 06/11 weekly - filled at (12.30)

ChaseMColvin

On 06/01 SQ rejected off of the 50 EMA and this resulted in the stock falling in a downtrend, buyers stepped back in around $210. Will be watching to see if it will retest the 50 EMA, if it breaks through then I am bullish on SQ to $240. If it rejects or doesn't retest the 50 EMA and continues to break down, then I won't touch it until it either falls back to...

ChaseMColvin

Watch out if you're trading CLOV, there is a gap to fill back down from $16-$12. All of the meme stocks or heavily shorted stocks such as amc, spce, gme, clov, are all running right now so I wouldn't be surprised if CLOV kept going up, just know there is a gap to fill at the $12-$16 price level.

ChaseMColvin

If SPCE breaks through this current resistance level at $38, then my next price target will be $45. Golden cross is about to form on the daily chart (50 EMA crossing 200 EMA) which usually is a sign of an uptrend.

ChaseMColvin

YESTERDAY I POSTED A CHART OF GAMESTONK AND LOOK AT HER TODAY!!! --- GME broke through resistance at $277 today and formed a bullish engulfing candlestick on the daily chart . There is bullish MACD momentum and GME is maintaining a positive trend direction (green trend line ). I think the apes are trying to ride this one to $317, if it breaks through the...

ChaseMColvin Updated 

GME broke through resistance at $277 today and formed a bullish engulfing candlestick on the daily chart. There is bullish MACD momentum and GME is maintaining a positive trend direction (green trend line). I think the apes are trying to ride this one to $317, if it breaks through the resistance level there, then off to the moon she goes ladies and gentlemen.

ChaseMColvin

On 06/01, I posted a chart of XPEV breaking out of a bullish descending triangle. I am still holding my XPEV June 18th swing positions until my target of $39.88 is reached.

ChaseMColvin

Bullish on CHWY, next resistance is around the $82-$84 range. The stock broke through the 20 and 50 EMA today and it looks to run with earnings report tomorrow.

ChaseMColvin

AI looks to have formed an ascending triangle, it has also crossed through the 50 EMA (which can act as an area of support later), and has bullish MACD momentum as well on the daily chart. Over the last month the stock has formed higher-lows, it looks to retest an area it failed to break, the $70 resistance level that has held for the past few months. In order...

ChaseMColvin

A descending triangle is a bilateral pattern, meaning the stock could move either way. XPEV broke out of this triangle on the weekly chart, and I am now bullish on the stock. If it is able to break the $35 resistance level , I think it could run a bit.

ChaseMColvin

Above $76 CHWY can take off; on the weekly chart it broke out of a falling wedge, they also announce earnings on June 10th which could serve as a fundamental catalyst to get it moving. Currently in 06/18 $75C (3.45)

ChaseMColvin

SQ was able to break its previous high and has remained above support at 221.85. STILL VERY BULLISH ON THIS STOCK, $240 is my target.

ChaseMColvin

WHAT A BEAUTY!!!! AMC BROKE past my first target and I hope everyone held calls today, don't catch a falling knife or have FOMO!!! STILL PLENTY OF OPPORTUNITIES IN THE MARKET EVERYDAY!!! closed my last position today over 1000%, originally bought 3 may 28 $12 calls (1.33) last week. Sold my last contract today for (16.42).

ChaseMColvin

Over the last month, SQ has dropped back down to a familiar support level and bounced back up, forming a fish hook (bullish) pattern. I am looking to see if it breaks or rejects its previous high of roughly 221-222, if it breaks then SQ could see $240 again soon. Blue MACD line looks like its about to cross as well which is another bullish trend indicator.

ChaseMColvin

Since May 12th: AMC has broke above the 50 EMA which is usually a bullish signal, it has also formed a beautiful ABCD Pattern , and broken out of a bullish wedge. I bought calls between point B and C after some sellers took profits and there was a correction, I knew people who got in early were wanting to take profits so I waited patiently until AMC found a...