NASDAQ:DKNG looks attractive. It broke out of the wedge and is now checking back to the trendline. The ideal buy area would be around POC support. On the longer-term time frame, it is forming a cup and handle ☕️ with a measured move of $70 to $83. I hope to start a position soon. As always, I share my opinions and trades. I'm not suggesting anyone follow my...
NASDAQ:TSLA Tesla's stock is down after the "We, Robot" event. Many people will happily buy, but there is earnings report risk. We know their margin is compressed right now due to rate buy-downs and discounts. I will start accumulating if it drops to the buy area. 👀 As always, I share my opinions and trades. I'm not suggesting anyone follow my trades. You do you.
NYSE:MCD is at a critical moment. The earnings report (ER) will determine whether there will be a breakout or breakdown. The MACD is starting to show bearish divergence. 👀
NASDAQ:AEHR has the potential for a descending wedge breakout. The company will be reporting earnings on October 10th. 👀 It is a small-cap stock with a 27.67 million share float, of which institutions hold 67%, and it has a 17% short interest. This means that if the company reports a strong quarter, a short squeeze could be a possibility. The stock has formed a...
NASDAQ:AAPL There is potential for a triangle breakdown. At a minimum, it could come down to the $199 area. In the worst-case scenario, it could fill the gap around $173. As always, I share my opinions and trades. I'm not suggesting anyone follow my trades. You do you.
NYSE:UWMC is currently sitting on the 200 DMA. It looks like it might check back to the trendline. The $7 area should provide decent support as it is the intersection of the Fibonacci, Point of Control (POC), and the trendline. If that support fails, we could see it pull back to the $6.29 to $5.48 area. The RSI has just entered oversold territory, so I would...
NASDAQ:RKLB Since all three targets that I published have been hit, you might be wondering what my next targets are. Well, if it can close above $10.50, we have a shot at $11.65 to $12.69 next. 🚀 Keep in mind, though, a rejection can trigger a pullback to the $8 and $7 area. So, I would plan for what I would do in that case. There are certainly risks now that...
NASDAQ:CELH Watch the $28 area for a reversal; it is where prior support meets the trendline, creating a potential bounce area. Of course, there is a risk that breaking that support would be a major disaster for the stock. But that's a risk I am willing to take. As always, I share my opinions and trades. I'm not suggesting anyone follow my trades. You do you.
NYSE:SQ Broke out from the channel and looks like a successful checkback to the trendline and POC. If it can close above the upper VWAP, it can get to the $80 area. Between Block and SoFi, I like SoFi's set up better. As always, I share my opinions and trades. I'm not suggesting anyone follow my trades. You do you.
NYSE:NET Cloudflare looks good. It is squeezed between the two VWAPs. The lower VWAP acts as a support and upper VWAP acts as a resistance. I added more on this pullback. Once it closes above the upper VWAP, I believe it can launch to the $96 to $100 area. 🚀 When Cloudflare moves, it moves fast. Targets are in the chart. As always, I share my opinions and...
NYSE:NU There is potential for a double top. Watch the critical support area around $13. 👀 As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
NASDAQ:SOFI I have tripled my option positions on SoFi. I have rebuilt my positions after taking profits on the run-up. I may accumulate more if it goes down, what used to be a major resistance area has now turned into a major support. It is forming a higher base for the next leg up. I remain optimistic about the targets that I laid out in the previous...
NASDAQ:INTC Looks like a potential bullish reversal. Oscillators are turning up, meaning buyers are coming in. However, there is headline risk that could slam the stock. Potential targets, resistance, and support areas are shown on the chart. What do you think? Would you take a position here? As always, I share my opinions and trades. I’m not suggesting...
NASDAQ:AMD hits its first target at $163 🎯. The stock now up against a resistance where the wedge trendline meets VWAP. Watch for a potential breakout. See targets from August 14's post. As always, I share my opinions and trades. I’m not suggesting anyone follow my trades. You do you.
NASDAQ:TEAM looks attractive. It is trading against the upper trendline of a descending broadening wedge. A breakout could send the stock to the $200 area. Watch the $170 area for confirmation. See the targets, support, and resistance areas in the chart. As always, I share my opinions and trades. I'm not suggesting that anyone follow my trades. You do you.
NYSE:NKE Nike looks interesting. It is on the verge of breaking out. However, it still needs follow-through for a couple of trading sessions to confirm. One thing to note is that the RSI is close to an overbought condition, so there is a chance that it might close that gap. The fact that they replaced the CEO close to earnings indicates that the earnings report...
NASDAQ:MARA Well, I took the opportunity to add last week. If the yellow descending wedge plays out, there is a chance it could run to the $34 area. Will I stick with this stock until then? No. I will just trade the ups and downs. The targets in Aug 18 post still valid. As always, I share my opinions and trades. I'm not suggesting anyone follow my trades....
NASDAQ:CELH Celsius Holdings came into my buy area. I bought a starter position. My next loading area will be $30 and below. There is a bullish divergence in both the RSI and MACD. The ideal entry would be around the $28 area. Initially, I was waiting for the price to be closer to the $28 area. I started a position just in case. As always, I share my opinions...