RedKTrader

RedKTrader

we cashed out half our long position in SNAP and kept a half for a possible upside. i was going to close the remaining position but checking the chart - it seems i'll hold for now. here's why. - this week started bad for SNAP with a relatively big drop, the good news is, there was no follow thru from sellers and bulls took over the rest of the week with 4...

RedKTrader

Quick update on where we are with UBER - we still hold the long position through the drop that happened earlier in August on the tail of the negative news regarding legal issues - which interrupted a possible breakout - UBER is attempting another breakout with renewed demand and bullish sentiment according to the V.Viewer and the UTO -- the UTO is also showing...

RedKTrader Updated 

i hope this post can help answer some of the many questions around trading the AAPL split, and help validate the game plan for the next 2-4 weeks. we will use a quick analysis of the past 2 splits for AAPL, - on the left, the 2-for-1 split from Feb 2005 with black background - on the right, the 7-for-1 split from June 2014 with dark blue background (BTW, there's...

RedKTrader

Another big run today and a new ATH breaking the $2K barrier -- i'm sure many folks who bought when the split was announced are happy -- great job! but here's what made my head spin today as i was checking TSLA's option chain at the time of this writing, the at-the-money weekly call (082120C2000), that's the call option contract for the 2,000 strike price that...

RedKTrader

previous price projection on TSLA was spot on (check link below then use the "Load New Bars" tool). it was a bit "scary" that a projection can be *that accurate* :) what is your split price target? ----------------------------------------- i get a feel TSLA will split at the current price range (the green box) - maybe because after runs like this in the past,...

RedKTrader

what's your target price for the split? this is a very exciting time for position traders watching the upcoming split - especially those of us who participated in past tech-stock splits and how rewarding these were (late 90's anyone? ) -- we also know some fund managers are awaiting the split to happen to start loading up AAPL at the new price. here'e my...

RedKTrader

on the daily, PINS looks ready to trigger a new wave into the demand mode after consolidation - we look at a possible breakout to >$40 if PINS can breach thru the upper red resistance line -- the momentum (expressed by the UTO) and supply/demand volume (v.viewer) are lining up - with a backdrop of a slightly increasing positive sentiment. would be great if this...

RedKTrader Updated 

a bullish run to a safe zone above $1,760 doesn't seem too far-fetched - especially that the daily view supports it. TSLA pulled a 13% up day with the excitement around the 5-1 split - and that day pulled it out of the supply into the demand mode - a projection using a similar move to the prior run end of June/wk1 July shows a possibility of breaking into the...

RedKTrader

check out this view on the 30min chart AAPL is in the 3rd attempt to breach resistance at $443 (check the white markers) - looking at the momentum, we have 2 strong 30min bars (hi-score per the UTO) - but very light buying pressure.. it's as if the price is pegged to that range $437 to $443 .. although the bulls managed to push the low slightly up...

RedKTrader

there are a lot bigger bubbles around - food for thought ..

RedKTrader

Market reaction for the last earnings wasn't that positive, but today the move was strong and showed some bullish commitment and supported with large volume - don't believe that's only because of the new around TikTok but it may have helped. we're in all time high above $217 - and if the bulls can maintain that momentum (let's see reactions tomorrow and rest of...

RedKTrader

Sharing an updated chart and will start with the conclusion first - i'm long AAPL and will add to the position before the split - in an attempt to capitalize on what i consider to be a rare investment opportunity that happens maybe once every few years. - AAPL has delivered awesome earnings for the June quarter, in spite of the COVID situation and the store...

RedKTrader

there are tons of analysis on AAPL ahead of the earnings call - and both a bullish and a bearish cases are justifiable. While the daily view shows that AAPL dropped from the well-defined channel and even gave a bearish signal (see below), the hourly view reveals that it's in fact getting stuck in a channel with some positive sentiment in the background - which is...

RedKTrader Updated 

interesting pattern is shaping up on TWTR daily chart -- this is the 7th "saw tooth" since the lows in March - and keeping within an almost perfect channel. - TWTR already facing headwinds - for a bull scenario to unfold (hit $40 in wk1 July), TWTR has to breach 2 important resistance levels and make the same move as before - but there's also an important...

RedKTrader

this is a quick update from previous linked post. the drop in the past 2 days presented an opportunity to improve break-even price - although the price action today and the momentum profile supports a case for "long" - i'd consider UBER to be risky until it moves beyond the safe zone on the chart - so watching closely. the price targets are added to the chart -...

RedKTrader

This is a promising chart so i'll move UBER to the top of the watch list - we like stocks that are coming back from a sell into buy mode - we see this in UBER on both the daily and the weekly charts also UBER has not fully recovered to the pre-COVID levels like other stocks - leaving a good upside of ~18% (target #1) to ~28% (target #2) i like a quick dip back...

RedKTrader

i was going to close my long SNAP - but on a second look, we're at the critical level from all the way back to the 2017 IPO times .. marked with the red dotted line @ $23.3 ' ish the chart shows some anxious sellers (non-believers 😊 ?) who preferred to bail as soon as SNAP hit the > $24 levels - but then we saw no follow thru - so in my view, there's a good...

RedKTrader

the bulls have been very persistent with QCOM. it took more than 4 attempts to break the $81 and the $89. next we should expect to breach the $92, maybe today by market close (that would be great), maybe Monday? we have good tail wind and positive/green sentiment - but the current short term move is not yet a fully formed uptrend (on the 1hr and Renko...