LukeCharts07

LukeCharts07 Jul 28, 2023

Hi everyone, I entered F with a price average of 13.16$. I don't plan to add any more shares to my current position; however, I believe that F has presented us with a good scalp/swing trade with the current chart. First of all, I'm liking the bounce off of support at around 13.10$. The fact that it found support and immediately reversed to 13.3$ says there is...

LukeCharts07 Jan 24, 2023

It's been a long time since I last posted; however, I am back. Well as you guys can see on the 15-minute​ chart, NFLX is due for a pullback. It has pulled away since earnings ​and needs to retrace. 333$ is a bit greedy but I would set it as a PT and see how things go. Very close to that 70 on that RSI, and overall this chart is not a nice sight. Definitely needs...

LukeCharts07 Oct 9, 2022

Most of the times I do reviews on plays that went green; however, this one will be different. Us retail traders have no control over the market, and we are bound to have red trades/unsuccessful trades, but we have to implement good risk management measures to keep moving forward. My plan was to enter in a long position at around 14.35$ at the support level, with a...

LukeCharts07 Oct 9, 2022

How's it going everyone. Doing a short trade review here on this play I made this past Friday. I entered this position with the same attitude and strategy I always have in mind, which is essentially shorting stocks that are overextended on news or momentum caused by overall market performance. As many of you know, there were some news regarding marijuana charges....

LukeCharts07 Sep 30, 2022

Hi everyone. As we have seen the markets have been extremely red for the past few days. Even with that, this particular stock, PRTA, soared on Alzheimer related news. These news were not particular to the company; however, the stock did go up around 90%. We currently have a huge fap to fill. I don't mean to sound greedy, but my price target on this play is around...

LukeCharts07 Sep 11, 2022

Short idea on PYPL here, last trade I did take a loss on LYFT but we keep it moving forward. PYPL is entering the highlighted supply zone at that 97$ range and I think this play can be a good one. However, all my plays will be on standby until Septmeber 13th since I want to get a trend confirmation on the overall markets depending on the CPI report coming out....

LukeCharts07 Sep 8, 2022

Reviewing a short position I just opened. Entered at 16.51$ as LYFT was approaching the highlighted resistance level and above 70 on the RSI, indicating that it is overbought. I'll be adding shares once I get confirmation of the move to the downside I'm looking for. Simple trade, limited risk as it is not too volatile and I have no problem with holding this over...

LukeCharts07 Sep 7, 2022

How's it going everyone, reviewing here a short play I took overnight (already closed it during pre-market). I started accumulating shares here at that 15.6$ range that's highlighted as my entry. I honestly could've made better entries here as right before the market closed the L2 was showing a good sign of strength from buyers, so I should've waited instead of...

LukeCharts07 Sep 5, 2022

Hi everyone. Different from what I've posted on my profile, this​ setup was not the best; however, I've been trading PETZ for a while now and knew that once it got to that 4.6 range it was worth opening a short position. I went in light as I only opened a starter position and didn't add due to the risk of the play. I'm pretty satisfied since it was my third time...

LukeCharts07 Sep 2, 2022

Switching from what I usually do, I opened a long position on NVDA at around 134.21. NVDA was in an oversold condition (RSI below 30) due to headlines and the overall market sentiment. As it entered a demand zone, I decided to make a starter position on the stock. I closely watched SPY to look for a good entry and did just that. My TP for this play is around...

LukeCharts07 Sep 1, 2022

Update on the short position on PYPL, it has been great. I took profits at 92.99 and 89.93. I have now fully exited my position and will be waiting for other setups. I will be posting my other swing on CHPT and PETZ, which I took overnight ​yesterday. ​Regarding PYPL, the gap was fully filled and I feel like waiting for another leg down would be greedy on my part....

LukeCharts07 Aug 31, 2022

After failing to break above the supply zone around the 95.5 range, and also breaking below the pennant formed, I established a short position on PYPL. My target here is around 92.2 to fill the gap created today. I have established a well-sized position and will be looking from now on, won't be adding as I don't want my cost basis to be affected. This looks like a...

LukeCharts07 Aug 31, 2022

As I said in my previous post, I exited this position last week on Friday I believe; however, I'm content with the results. The setup was nice, and today has proven that it was a good plan all along. Exit at 3.65 would've been ideal, but sometimes you have to change your plans accordingly.

LukeCharts07 Aug 31, 2022

RVPH, another possible short idea similar to CGC. Essentially, both charts present a H&S pattern; however, RVPH is not in a supply zone. This affects the strength of my thesis​. In all honesty, I see this stock retracing to that 1.83 range I highlighted. No news as of today to justify the 68% rally. I'll be averaging around the current range, my average at the...

LukeCharts07 Aug 26, 2022

I decided to take profits today. We were really close to the price target. An unexpected move due to the overall market. Regardless of such move, CGC was at a supply zone; therefore, the main thesis stood, which is essentially why I entered the position. I'll be posting more ideas soon, and reviewing current trades I made today.

LukeCharts07 Aug 25, 2022

CGC possible short setup, both tops are highlighted​ in orange. ​CGC entering supply zone, possible retracement to 3.65​ which would give this trade a good r/r. Stop loss placed at 4.32 in case we see a trend reversal.