MicDrop5

MicDrop5

Currently retesting local support for a possible bounce, as evidenced on the daily chart. My stop loss is very tight on this one, as I think there is a fair chance that it will get hit. But, this is showing early signs of bottoming, so we'll see. It would not be wise to take this trade without a stop loss IMO, and will be treating it as a scalp until it gains...

MicDrop5 Updated 

VIAC is holding support here with multiple daily buy-back wicks and is showing early signs of a bounce from this level. Risk/Reward to first PT is 4.62. I drew this level months ago, and to be fair, it would also make sense to have additional buy orders slightly below the green buy zone.

MicDrop5 Updated 

WULF is approaching a level of support for a reversal. Looking to do a daily gap fill. Risk/reward is favorable at 4.39.

MicDrop5 Updated 

Risk/reward to first profit target is 5.29. Currently holding support.

MicDrop5

ASPU testing strong support here for a possible bounce.

MicDrop5

This level should provide substantial support for a possible bounce. The risk/reward here is favorable for a long. Stop loss is essential, as always.

MicDrop5

The risk/reward on a long here is pretty enticing. Otherwise it's a long drop to the next support zone.

MicDrop5

BLIN looks to be holding key support for a bounce here.

MicDrop5

I'm taking this trade as a quick swing trade, since I still think a re-test of $90 is quite likely at some point. But that daily candle close looks strong.

MicDrop5

The S&P lost a key level on the weekly. A retest of that level and a selloff is quite likely, although we all know how shorts have fared over the past year. A short of the index via SPXU or other ETF would be wise to include a stop loss at ATH in case the bull train pushes ahead.

MicDrop5

Nice retesting of key level with large buy-back wick. Volume is increasing on the daily. A stop loss is probably a wise idea.

MicDrop5

This will be a rare, long term hold for me, and I Iike this buy zone. A stop loss just below ATL makes sense. Also, according to 13F filings, a buy here is WELL below that of Bill Gates, Jeremy Grantham, and George Soros, who bought in at the $40 range.

MicDrop5

I'm taking this short setup with a tight stop loss. Weekly price action suggests a short here, but as we all know this bull run is ludicrous, so anything can happen.

MicDrop5

I took a long here today. Tight stop loss. The risk/reward is favorable here buying at support.

MicDrop5

SGBX is currently at an interesting entry. This level should act as support. Risk/reward is attractive here.

MicDrop5

Good risk/reward for an entry here measured to first PT. This is the most reasonable place for a bounce and a decent long entry IMO. I'm scaling in here with a stop loss in red as pictured. Trade at your own risk with your own due diligence.

MicDrop5

I'm scaling in here on TRHC per the chart. My stop loss and profit targets are shown, with a risk/reward of over 5 to first PT. Excellent risk/reward here IMO.

MicDrop5

Tenneco is approaching a nice long setup zone. There's an obvious stop loss that is reasonably close, providing a decent risk/reward to profit targets.