The_Trading_Mechanic

The_Trading_Mechanic

Spirit AeroSystems (SPR) is gaining bullish momentum, with a gap forming around the $31.00 level. A breakout above the $33.00 resistance would signal further upside, positioning the stock to target the $41.16 weekly resistance. This setup offers an attractive risk-to-reward ratio, with a stop-loss at $29.23 to manage downside risk. As a key supplier to the...

The_Trading_Mechanic

Boeing is gaining bullish momentum, with a key gap forming around the $160.00 level. A breakout above this resistance would confirm further strength, positioning the stock to target the $196.83 weekly resistance. This trade setup offers a compelling risk-to-reward ratio, with a stop-loss at $124.11 to manage downside risk. As a global leader in aerospace and...

The_Trading_Mechanic

Dollar Tree is showing strong bullish momentum, with a gap forming around the $63.00 level. A breakout above the $84.26 resistance would signal continued strength, positioning the stock to target the $102.77 weekly resistance. This setup offers a compelling risk-to-reward ratio, with a stop-loss at $59.59 to manage downside risk. From a long-term perspective,...

The_Trading_Mechanic Updated 

Lululemon (LULU) is building strong bullish momentum after successfully filling the $245 bullish gap. The stock is now primed to break through the $275 resistance level, heading toward the next significant weekly resistance level at $354.66. With a favorable 3.39 risk-to-reward ratio, this presents an excellent opportunity for investors to enter, managing risk...

The_Trading_Mechanic

AdaptHealth (AHCO) is gaining bullish momentum, with a gap forming around the $8.97 level. A breakout above the $11.70 resistance would signal further strength, positioning the stock to reach the $15.37 weekly resistance. This setup offers an attractive risk-to-reward ratio, with downside risk managed by a stop-loss at $8.97. As a leader in home healthcare...

The_Trading_Mechanic

Hertz (HTZ) is showing strong bullish momentum, with a gap forming around the $3.50 level. Historically, Hertz has bottomed at these low levels multiple times, including during the 2009 financial crisis and the COVID-19 era, reinforcing the significance of this support. A break above the $6.95 resistance would signal further strength, positioning the stock to aim...

The_Trading_Mechanic

After being stopped out previously, Microsoft (MSFT) is once again positioned for a potential breakout. With renewed bullish momentum building around the $423 entry level, MSFT aims to push through key resistance at $441.85, targeting a move to $456. The updated setup offers an appealing risk-to-reward ratio, with a stop-loss set at $407 to manage downside...

The_Trading_Mechanic Updated 

NASDAQ:UPST UPST building bullish momentum with a nice bullish FVG tag. I am looking for UPST to tag the $72 level

The_Trading_Mechanic Updated 

Recursion Pharmaceuticals is building strong bullish momentum, with a gap forming around the $6.00 level. A breakout above the $8.16 resistance would confirm further upside, targeting the $9.99 weekly resistance. This setup provides an attractive risk-to-reward ratio, with downside managed through a stop-loss at $5.49. In the longer term, RXRX could extend its...

The_Trading_Mechanic

Wayfair is building strong bullish momentum, with a gap forming around the $35.00 level. A breakout above the $49.00 resistance would confirm further upside, positioning the stock to reach the $76.18 weekly resistance. This trade offers a favorable risk-to-reward ratio, with risk managed via a stop-loss at $27.50. In the longer term, Wayfair has the potential to...

The_Trading_Mechanic

Rivian is gaining bullish momentum, with a gap forming around the $9.00 level. A breakout above the $12.33 resistance would signal continued strength, positioning the stock to reach the $18.91 weekly resistance. This trade offers a strong risk-to-reward ratio, with a stop-loss set at $8.28 to manage downside. In the longer term, RIVN has the potential to reach...

The_Trading_Mechanic Updated 

Lyft is gaining bullish momentum, with the potential to fill the bearish gap at the $30.00 level. The stock has shown resilience at the $12.75 support level, and a decisive break could trigger a sustained upward movement. The technical setup suggests a strong buying opportunity as it approaches key support levels, creating a favorable 5.4 risk-reward ratio for...

The_Trading_Mechanic Updated 

Under Armour has recently completed filling the bullish gap, and now the stock is positioned to close the bearish gap at the $13.00 level. From a technical standpoint, the stock has shown resilience and is poised to find strong support at $7.07, which coincides with previous levels of interest, including the COVID-era lows. This region has historically acted as a...

The_Trading_Mechanic Updated 

Guardant Health is building strong bullish momentum, with a gap forming around the $21.50 level. A breakout above the $26.37 resistance would signal further upward movement, targeting the $37.05 weekly resistance. With an appealing 3.6 risk-to-reward ratio, this trade offers an attractive short-term opportunity, while a stop-loss at $19.19 ensures effective risk...

The_Trading_Mechanic

Teladoc Health is building bullish momentum, with a gap forming around the $7.50 level. A breakout above the $10.66 resistance would signal further strength, positioning the stock to reach the $15.02 weekly resistance. This setup offers an appealing risk-to-reward ratio, with downside managed by a $7.13 stop-loss. In the longer term, TDOC has the potential to...

The_Trading_Mechanic

Etsy is gaining bullish momentum, with a gap forming around the $50.00 level. A break above the $58.00 resistance would signal further strength, positioning the stock to reach the $67.50 weekly resistance. With an attractive risk-to-reward setup, this trade offers a favorable opportunity, while a $45.00 stop-loss effectively manages downside risk. In the longer...

The_Trading_Mechanic

JinkoSolar is displaying strong bullish momentum, with a gap forming around the $22 level. A breakout above the $30.77 resistance would confirm further upward movement, positioning the stock to reach the $38.39 weekly resistance. With a favorable 3.16 risk-to-reward ratio, this trade offers a solid opportunity for short-term gains, while risk is managed with a...

The_Trading_Mechanic Updated 

Super Micro Computer is building strong bullish momentum, with a gap forming at the $45.00 level. A break through the $67.10 resistance level would confirm further upward movement, pushing the stock toward the daily resistance at $101.40, and eventually the weekly resistance at $122.45. With a favorable 6.21 risk-to-reward ratio, this trade offers a compelling...