MicDrop5

MicDrop5

Paypal has arrived at a zone of heavy support. With the markets dumping, long positions should be taken with care at levels of support. Since it's counter trend, taking a decent chunk of profit at the first PT is wise... like 50% IMO.

MicDrop5

This inverse ETF is looking bullish, and trend has shifted to the upside. In other words, the S&P itself is bearish.

MicDrop5

CEI is looking like it will hold this range for a bounce based on price action on the weekly. Really good risk/reward for a long entry.

MicDrop5

Cenntro is looking to do a gap fill on the daily soon. An excellent place to reverse trend if it's meant to do so.

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Price action would suggest this is a rather good short opportunity on MKC. Risk/reward here is excellent.

MicDrop5

From a price action perspective, CVS has entered a good risk/reward zone for a short entry. I'm scaling into a short here.

MicDrop5

The risk/reward looks good on a short here for Apple based on weekly price action.

MicDrop5

Amazon is looking interesting here for a short based on weekly price action and trend analysis.

MicDrop5

Risk/Reward here is excellent based on the stop loss and first PT.

MicDrop5

American Express has hit an interesting level for a short based on price action. Risk/Reward to first PT is excellent at 5.95.

MicDrop5

Here is my personal trading plan for my trading account based on the weekly close of the market after analyzing the price action. I first opened a hedge short (and posted the chart here) weeks ago at around 47000 when the weekly candle close indicated a trend shift. But, then the S&P popped to a new all time high, which invalidated that idea momentarily. We were...

MicDrop5

CLRO is nearing a zone of major support. Looking interesting for a long.

MicDrop5

XELA is testing key support for a possible bounce. Volume looks decent. This is the level to bounce from if it's going to do it.

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Last time price hit this level, it formed a new ATH. Risk/reward to first PT is 3.64. Volume increasing. I'm scaling in with the bulk of my orders at the bottom of the green box. This may take weeks to play out.

MicDrop5

Beyond Meat BYND is holding nicely on the daily and weekly at key support. Risk/Reward to first profit target is good. I'm scaling in here with a relatively tight stop loss. This is the level to hold, and if it gets much lower, there isn't much price support south of this level.

MicDrop5

Rite Aid has found solid support in this range. I'm looking for a re-test entry. Risk/reward to first PT is 5.03, which is good.

MicDrop5

Looking good with a nice bounce from support. I'm looking to enter on a re-test at the green buy zone indicated here. I'm expecting a re-test and continuation up.

MicDrop5

Risk/reward as shown is 4.63 to first PT, which is good despite the overall dumpiness of this stock. It would be extremely risky to attempt this trade without a stop loss.