We are still going LONG after a nice breakout, keep your targets in place and try to take some profits as we keep moving higher.
We could see how CRSR regain momentum about $46 to $49-50. There has been a nice consolidation over the past months above the $35/40 levels, we should expect the $42 to hold and if not we should get out of the trade.
Nice potential breakout expected. A tight stop should be put in place at about $28 - Always buy 50% first, then add to a full position.
Paypal will be reporting earnings the first week of February, and with the current market conditions it might recover the lost ground soon. My plan is to start building a position around the $220/230 level with a potential target of $240/250
Time to revisit $AMAT, after this nice pullback we might encounter a nice entry around the lower $90s with a potential move back into the $102s-104s. Weight your own risk when taking this trades.
After such a good run and with all the partnerships they've been able to put together my opinion is we can reclaim the highs on the next leg up. For sure the market will provide some great growth opportunities in case we continue to pull back. I am looking forward to add to my Long trade.
Is this a Home Depot ( HD ) opportunity or trap for further pain to the downside? We clearly see a past resistance around the current levels of $150 that could turn into future support and help us find buyers there, but breaking $150 would open the door to the $144 and even lower. But with a dividend yield of 2.36%, hey we might attract some buyers down at this...
It is the moment of truth everyone has been waiting for in the ETHUSD, are they gonna hold the $200 level? As you can see in the far left, the last time we were around these levels was just the beginning of the move to the $400s. Are we about to repeat or just go sideways for a couple of months? Ohh well, at least for the short term traders we do have some...
In the 4 hour chart, we see a nice downtrend still being developed without any strong buyers showing up to work. We saw how they ripped through the .618 Fib and took us down to the $230 level. As we go into the weekend we need to see if they can get us back above the previous support of $250s (now a Future Resistance level in our way back) in order to see a...
With the recent selloff going on in the Nasdaq we have seen the beloved FAANGs stocks tumble from their highs, providing us great daily opportunities in the options markets as well as day trading their ranges. For AAPL, we see how the previous resistance from March 29 - April 5th is failing to attract new buyers, and how we are stuck inside this 5 points range...
With bank earnings coming up this week, the line in the sand to keep an eye on will be the 2400 level. Breaking it will accelerate the selling into the 2385 level and eventually take us to the 2360 if buyers don't show up to enforce a bounce. Many analysts have been announcing a correction since last summer, and the uptrend has just expanded even more. My only...
Couple of expected targets to the downside are in place for Crude Oil if we break the $42 level. First, we will have the $39 and then the $37 @ the .618 Fib. With all the inventory of oil, and no one stepping in to catch a falling knife the bears will probably have the control of the market until we reach those levels.