Karam08

Karam08

Will we get a buying opportunity at $400 this year? I know, it some people think it's crazy talk. NFLX is forming a classic bullflag, winning Oscars, what could go wrong? Looking at the pitchfork, NFLX is at the top and even after a 17% drop from all time high, it hasn't had a deep correction. The classic argument is that NFLX was a stay at home play. But I...

Karam08 Updated 

Drama incoming. Nasdaq stonks not liking the US10Y. Green arrow path from previous two moves up suggests there could be an exit coming for stonks, as this cools off. I think we'll touch 1.9 - 2 which is the 200MA on the weekly. And then a pull back to 1.1 - 1.5 before things get ugly for stonks. Good luck traders.

Karam08

I have been in a NTDOY swing earlier this year catching the run from November to Jan. For some odd reason (and I know we shouldn't trade on emotion) I kind of miss holding NTDOY. So, I had told myself I would look into a long-term entry at some point in time in 2021. Fundamentals: > Pays a nice dividend (although fluctuating based on profit) > Not a Sony, not an...

Karam08 Updated 

I picked QCOM after it's earnings drop at the start of Feb. Overall guidance and earnings were positive, so it seemed like a no-brainer. And the stock was between the 50 and 100MA at the time.... but this was a play that just didn't recover and I've been sleeping on it because I had planned it for the very long term. Long term thesis: I think QCOM has a lot of...

Karam08 Updated 

Quick swing trade set up on COST. Entry: Under $325 Profit Target: $333 (target 1), $350 (target 2) Stop loss: $ 317 Risk: up to 2.5% loss Upside: 7.5%+ (you could choose to hold this long term -- pays a decent dividend). Good luck traders!

Karam08

**Disclaimer** I don't believe we'll have a bearish market, but am anticipating a broader market correction. This chart is only an idea, it is not a cheat code, so please don't panic and sell off everything 😉 What I'm looking at in the SPY chart as possible risk emerging: 1. Megaphone : From the 2018 correction we have formed a megaphone pattern. Generally,...

Karam08

Be careful with AAL. While everyone is hunting for "recovery stocks" this may only be temporary in the case of American Airlines. AAL has been in a down trending channel since 2018, when trade tensions were at peak and oil prices were rising. Things aren't very different today with a potential strong recovery of oil prices. AAL usually gets hit hardest because...

Karam08 Updated 

Stimulus incoming. Deutsche banks survey suggests millennials plan to invest about 50% of the next stimulus in stocks. The millennials may go for companies they are aware of and love (aapl, msft, dis). But I believe, they may get curious about stocks like PLTR, STPK and others that have a lot of positive news behind them and are priced a lot cheaper than the big...

Karam08

AAPL will touch the $160 mark.... but only by 2022 in my opinion. This is a great long term hold, and I have been swing trading AAPL often. I have been keen to build a long term position again, previously targeting $113 as entry (in the meantime I swing traded AAPL from 121 to 125). But, seeing the weekly chart, and continued weaker market sentiment, I feel this...

Karam08

MP is at a critical support which is not just a trend line support, but also the 50MA. If the broader market weakness ends, I can see MP re testing the $50 high this year. Earnings later this month can be another possible catalyst, although I don't think positive earnings will be enough if market is weak. RSI still has room to dip, so I wouldn't be loading up...

Karam08

Great entry price on PG in my opinion. It's not going to 5x your investment, but I do expect a 10-15% gain on PG over a 12 month time frame. **RISK** RSI showing a slight bearish divergence on the daily chart. But, let's consider the fundamentals for a second: Firstly, I want to clarify, this is not a swing trade, but I always tell fellow traders if you keep...

Karam08

Buy Walmart here or anywhere in the magic green window, and you'll need no other retail play for the rest of the year. WMT dropped 10% from the 200 MA in the March 2020 crash. The 10% drop from the 200MA sits around 122$. The green box in the chart is a critical support area. Walmart has only gotten bigger in 2020 and continues to get bigger in 2021. Walmart+,...

Karam08

Nobody is watching the Disney Channel anymore (the green trend channel on the chart). DIS is now playing in a new Disney+ channel. Stock is overbought on RSI indicator, but DIS just won't chill. People don't realise but DIS is in two boats (and a cruise line): Boat 1: "recovery stocks" given the parks and cinematic revenue Disney is known for. Boat 2: Tech /...

Karam08 Updated 

If you are looking for a good medium to long term hold that could 3x your investment in the next 5 years, consider RMO. Yes, it's in a down trending channel. Next support is close to $14 and note that by March they are redeeming all their warrants, so it is in the companies interest to not see the price skyrocket, in order to attract long term investors. For a...

Karam08 Updated 

I keep stepping in and out of AAPL. It's so easy for swings *BUT* I love it even more for the long term. If you're like me and want to add apple to an existing long term portfolio, or just start a new long term apple position, here are some trend lines I'm following closely. I am certain AAPL will test the green support line within the first half of 2021. Great...

Karam08 Updated 

NFLX is the Coca Cola to DIS being Pepsi in the streaming wars. Or at least that's how it feels like now. I had expected DIS to have a deeper correction as I followed the cycle analysis dapjgap. But DIS resisted well, which only suggests a move upward is expected soon. For now, I have a long term position in DIS, I only expect this stock to grow in 2021. My next...

Karam08

Short seller report pushed $UAVS out of the trend channel. As management responds the next day, stock shows great sign of recovery, but has the 21EMA as the new resistance now. If general market remains green next week, this stock will be back testing $15 in 1-2 weeks. Swing trade: Enter in the $10-11 range. Profit target $15 SL: $8.65 Long-term hold: Enter...

Karam08 Updated 

Might be an easy swing. Strategy: small entry today to get in the trade. If NFLX dips to the 470s support, i'll wait for it to validate support. Once validated, take a bigger position. Stop Loss @ 460 PT @520+ Good luck!