RedKTrader

RedKTrader Updated 

Quick Intro =========== Regardless of what type of trader we are, most of us will look at the same chart in different timeframes to help make the "case for a trade". The risk of doing so is that we need to understand the fundamental concept of Multi-Timeframe Scaling (let's call it MTF scaling) as we inspect the various timeframe charts of the same underlying,...

RedKTrader Updated 

MSFT bulls seem to be building momentum to capture the next range. with good news acting as catalyst ($22Bn contract announced) the winds are in their favor Quick Chart Reading: ===================== the price continues to respect the established channel we're heading towards the same target zone from previous chart reading (linked below). the initial...

RedKTrader

new CEO delivered a very interesting, positive and optimistic update - featuring CEOs of MSFT and IBM - and announcing new intel foundry service and new fabs -- and re-assuring product roadmap for the next 2 years. the market reacted with almost a >7% move (as of this writing) even before the "Intel Unleashed" event is finished! do we expect a strong run from...

RedKTrader

i recently published the Strength of Movement indicator - Wanted to take a minute to share an example of the setups i'm trying to explore with that indicator. here's the direct link as i mentioned, for a position trader watching a specific set of stocks, the opportunity to catch and ride a "quality trend" occur few times a year, maybe as few as 2 or 3 times -...

RedKTrader

Great chart here for INTC - bouncing off nicely from the $60 level and breaking smoothly (and with strong momentum as shown by the UTO) thru the supply/demand "balance line" at $61.5 .. we hope to see a continuation of the move up - to be confirmed by a breakout of resistance at $63.5 - maybe today or tomorrow.. Price projection: this was a measured move of $16...

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in this post, i quickly share why i love selling covered call into the earnings for stocks that i held for sometimes and i'm ready to cash out of. I sold the Feb 12 Call option with strike $65 for TWTR yesterday for $2.20 Why ? how is this a good trade? i believe selling CC into earnings is one of the lowest risk trades - it's a great weapon to add to your...

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I don't know what's the deal with GILD and it's driving me crazy - the price keeps teasing my breakeven :) -- only to bounce back down - i was finally getting optimistic, thinking the curse have been lifted.. (see linked post) - not so sure now - the sentiment went back into negative territory, so did the short term momentum (check the UTO indicator) - Buy/Sell is...

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I like MSFT and it's been a while since i posted a chart reading / projection - there was no major price actions - and i agree MSFT is becoming "boring" - especially when compared to the TSLAs and NIOs of the market - and i mean that in the good way - it's boring = a good opportunity for the investor to buy and hold, and make slow (but sure) growth while having...

RedKTrader Updated 

AAPL is on an attempt for a breakout above $124 - $125 with renewed positive sentiment and relatively strong momentum that started on Nov 24 -- so accumulating for couple of weeks now i have marked the next 2 price projections - if AAPL can break the $124 and stay above that price level, our projected next stop would be $130-$131, then from there, a possible...

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GILD seems to be finally attempting to make a serious up move and breaking back into the $60's we've been holding this long position for a while, and was about to declare it a loser and close on a loss (which i totally hate!!), given the many signs of weakness GILD showed (yellow arrows), even when there was reasons to show strength (Remdesivir used on POTUS,...

RedKTrader

Uber stands to benefit from possible recovery with positive vaccine news after hitting our previous projection, yesterday Uber broke out into a new price range and on good volume - our next projection based on price structure and volatility is a measured move of ~$13 from a base of $46.5 -- takes us to $59.5 the confirmation we need is that with a pull back, Uber...

RedKTrader

UBER has been pushing for a breakout for sometime now. check out our previous posts linked below. this week had couple of great signs (of strength) - the reaction to the California law suit and the reaction to qtrly earnings - but even before that, price action indicated the persistence of UBER bulls and the "drive" to move upward. what the chart tells us? we...

RedKTrader

This is a quick analysis for INTC for the coming period (October) - and a possible scenario that may pan out in favorable conditions The reason i'm looking at INTC is because i entered long right before the last earnings. The market had a very negative reaction to INTC's earnings announcement regarding product delay - and the stock lost almost 17% next day -...

RedKTrader

The previous price projection was bulls-eye accurate. Uber hit the $38.5 level and switched downward. i didn't close the long there -- there's really little use of having a good projection if we don't act on it, right : ) ? V.Viewer tells us the next balance point if another move up is to happen, is somewhere between the 2 red lines $34.8 to $35.6'ish -- which...

RedKTrader

today TSLA recovered from the post-split drop - hit and slightly exceeded the split price ($442.7) and that's a good sign so far. Not clear where we go from here but if we can maintain that momentum (scenario 1), it's possible TSLA's price action continues to respect the channel that's been formed since last April (see chart) even with prices now on...

RedKTrader

today or tomorrow we possibly hit target with UBER reaching $38 - one of the good times when projection works well .. see post from 2-3 weeks ago. there's great learning here, that even with the negative pressure across the market last week, the momentum in UBER still managed to survive. we'll hold, since we see a strong momentum that shows possible upside to...

RedKTrader

Today's breakout was strong and "unchallenged" - comes with a backdrop of strong demand (v.viewer) and bullish sentiment (green area in UTO) it's a clear comparison versus the 2 prior breakout attempts (yellow circles) where both attempts received headwind from sellers (long wicks in both bars) which didn't happen this time. fingers crossed for the next 2...

RedKTrader

we're still holding GILD and now it's making another attempt at recovering from the recent drop we need to break the $67 and stay above it for couple of sessions - with strong volume - to flag a proper recovery - the prior attempt for a breakout failed - this time there's some momentum and demand - but still light. we'll see