Safe_Trades

Safe_Trades Updated 

This is Another request from a follower. ABNB wide swings after IPO created a clear ascending channel . I used the 4hr timeframe for this one because there is very little historical data to plot on the a daily chart . As you can see, the price fell about 10% in the last trading session. It found support on the 9-ema (where it is sitting now) and the 14-ema (check...

Safe_Trades

Hello fellow traders and padawans. I did a previous analysis on ZM where I suggested it formed a rounded top (links below). Zoom reacted from the rounded top neckline and rallied a few percentage points. It is struggling with the first fib retracement level for the third consecutive day, which I have anticipated on the previous analyses (seriously, check them...

Safe_Trades Updated 

Hello my fellow traders and devoted padawans. One of my followers asked me to analyze NFLX, so here it is. Although NFLX is a great stock it is going to have fierce competition from Disney+ so if you are a long term investor, keep that in sight. But we are here to talk about what's happening right now on the chart. As you can see, NFLX has been rangebound for...

Safe_Trades Updated 

Hello traders, investors, masters, and apprentices. Let's take a look at BNGO, one of the hottest genomic stocks at the moment. They have been rallying on the good news of their Saphyr system for optical genome mapping (bit.ly). Today the price headed against the IPO opening price but could not break it. In the after hour trading, this piece of news was released:...

Safe_Trades Updated 

Hello my fellow trades and padawans of the markets. Pandemic, covid vaccines efficiently created in less than one year(!), riots in the capitol, Inauguration around the corner, stock market at ATH over and over again, BTC doubling its previous ATH... what a time to be alive! There is a lot going on in the world right now so let's take a deep breath and try to...

Safe_Trades Updated 

This is another request from a follower. I am not in PLUG and am not getting in unless it sees a nice fat retracement. PLUG rallied a whopping 1900% since June (vertical line). For those who got in early, congratulations! I contemplated jumping in about two months ago but thought it was too expensive (and still think it was) but there you have it. I missed out on...

Safe_Trades Updated 

Good afternoon young padawans of the markets. I hope everybody is doing well despite the world around us these days. It is time to discuss NIO. The stock soared to ATH after NIO day last Saturday ((I fell like every stock I write about is at ATH. Well, we can worry about that later). NIO has been a beast since late 2019. I am glad I got in early, with an average...

Safe_Trades Updated 

GNOG is an online gambling platform that may benefit from Biden's administration (more here: on.mktw.net). It is trading close to the long term trendline at a 25% "discount" from ATH. You can start a position at this level with minimal risk since you can exit if the price closes below the trendline or price support (white line) with strong volume + other...

Safe_Trades Updated 

Good morning dear padawans. After XPEV's 22% move to the upside in one day it is taking a breather and forming what looks like a bull flag. If it retraces too much the pattern is invalidated so like captains of these (at times) unpredictable tides we must watch and act accordingly. For now I am not worried. The technicals are the same as my previous chart (see...

Safe_Trades Updated 

Good evening my devoted padawans. If you don't know about ISR, I will spare you my summary and give you Wikipedia's: "Isoray Inc. is a national isotope-based medical company and the sole producer of Cesium brachytherapy sources, which are expanding brachytherapy treatments for difficult to treat cancers. Isoray is a registered manufacturer with the FDA and holds...

Safe_Trades Updated 

When NVIDIA touched the support of the lower channel I bought for a swing trade to the top of the channel. That was an easy 10% profit in about 4 days with very minimal risk since I bought at support. That resistance is proving to be strong at the moment. It is sending NVIDIA down again. Also, MACD is below 0 and pretty flat and ADX is also flat, which corroborate...

Safe_Trades Updated 

LMND is showing bearish divergence between RSI and price on the daily chart. MACD is starting to curl down, ADX is flat although still trending, and +DI is curling down as -DI is curling up. In the past, after rallies LMND retraced to find support on the 14-ema and 21-ema. I am a buyer on that zone. Share the love: If you get anything out of this TA, please like...

Safe_Trades Updated 

Hello my young padawans. Behind the scenes of the EV frenzy, biotechs, and SPACS the good old DIS has discretely (maybe no so discretely if you look at the past month but sort of behind the scenes) made its move up and reached new ATH on the hopes of vaccine and prophylactics, and other branches of the conglomerate such as Disney+. If you have been buying...

Safe_Trades Updated 

Hello my dear padawans. Let's talk about our beloved PLTR. The price headed against the $26.6 resistance today for the 4th consecutive time. It broke above in what seemed to be a breakout but volume was not on its side and the price was pushed down again. The current candle is not what you want to see if you own the stock. It shows a lot of sell pressure...

Safe_Trades Updated 

APPN is forming a pennant, which is considered a continuation pattern. Volume has weakened throughout the pennant, which is in line with the formation. If there is a breakout to the upside, the move should be at least 1/2 the length of the flagpole, which means we would probably revisit ATH. This doesn't need to happen overnight (and doesn't need to happen at all...

Safe_Trades Updated 

XPEV has been in an accumulation for the past month or so after falling about 44%. I have been accumulating and trading it for the past few weeks (check my other chart analysis). Very lucrative so far. Today it finally broke out of the $47.9 resistance and is rallying like there is no tomorrow. I am up a ridiculous amount. I could close right now and be fine for...

Safe_Trades Updated 

What have I been telling you kids for the past couple of weeks or so? :) As you can see from my previous charts I have been buying heavily when XPEV moved toward the trendline. I accumulated a lot of shares for a very goo average price anticipating this move up. XPEV finally broke above strong resistance. MACD is curling up, +DI is above -DI and ADX is starting to...

Safe_Trades Updated 

As I have been saying the past couple of weeks, after the hammer candle on the weekly chart and the close with a bullish candle last week, LI was poised to go higher. I have made good money trading the support and resistance all along as you can see from my previous charts and updates. I have accumulated a very good amount at an average price of $33.33, which...