UnknownUnicorn7308096
$BIGC is in an upward channel that I am looking to break out of at the $104 alert. First target $110, second target for gap fill at $130. BTO $BIGC 10/16 $110c avg $2.
$ZM Bullish Descending Triangle After blasting off after ER and subsequently filling the gap down, $ZM ran to make new all time highs at $530. Following this, $ZM has consolidated and formed a clear Pennant with support at the previous ATH level (resistance turned support) at $480 (and also at $463). What is interesting to note is that the light-blue line down...
Simple breakout trade. I like $PETS and pets :) BTO 11/20 $PETS $35c avg $1.70
$NIO has formed a bullish pennant which should breakout this week. Target on pennant breakout is $24-$26. BTO $NIO 10/9 $22c avg $.55
Falling Wedge Setup $BABA is forming a falling wedge which should see price retract to the top of wedge at $292 and then at $295. Simple Setup, Simple Trade. BTO $BABA 10/9 $290c avg $3
$TWLO has formed a clear falling wedge. Volume is declining as price pulls back. Set alerts on upper trend-line resistance for ideal entry point. First target $292 then new highs. BTO $TWLO 10/9 $290c avg $4.20
$PAYC is forming a nice cup & handle which should make a nice move to the upside & take us above to new highs. I am looking for breakout above trend line as a trigger for the trade below. Trade: BTO $PAYC 9/18 $320c avg $5.30
$MRVL Pennant Breakout Long $MRVL displayed a strong reversal on August 21st & 22nd which saw it retake its channel/large bull flag that began early June. After retaking its channel last week of August, $MRVL made new highs at $41.34 and since then has consolidated in a large pennant structure. I am looking for a complete retracement of the structure to retest...
$UBER Double Bottom - Downtrend Breakout After moving counter-SPY during the initial pullback beginning September 3rd, $UBER pulled back to ~$33 and formed a clear double bottom. After forming this bottom it broke out of a downtrend line at $34 which has also acted as long term flat-line resistance. BTO $UBER 10/2 $35c avg $.50 Bonus Trade: BTO $ETSY 10/2...
$AMD Falling Wedge + Bearish Pennant - Bullish? $AMD broke out of a falling wedge. It is holding lows of ~$74 and is forming a seemingly bearish pennant which should complete tomorrow, Friday. Selling velocity & volume has declined as it seems like buyers have stepped in. BTO $AMD 10/2 $80c avg $1
$SNAP Channel Support Long $SNAP has formed channel up & is testing lower band of channel. If support holds, go long for retest of highs at $26.50. One of my favorite basic strategies is relative performance. $SNAP has been a clear standout since September 3rd (first day of correction) - $QQQ is down over 12% while $SNAP is up over 3% (and at one point up 10%)....
$CRWD Ascending Triangle Another bullish pattern setting up in this correction. Classic ascending triangle. Long $CRWD to target $138/$140. If pattern breaks down target then becomes $115.
Having a go at posting $TWTR again as it looks like a solid long despite market weakness. Tried posting on $TWTR back at $38 but apparently that was deleted by TradingView. Sometimes patience pays off and it seems like we have another entry to a possible multi-year trend line breakout. $TWTR has strong trend line support since March & has acted rather well when...
$LEN Bullish Descending Megaphone $LEN has formed a beautiful descending broadening wedge or descending megaphone into its earnings report Monday after close. This pattern retested previous highs and bounced, showing support on a perfect retest of $71.30. First target is previous highs around $79.50 which I am looking for Monday into Earnings. I am looking to...
IWM or RUT (Russell 2000) broke out of a bull flat on Friday. This index is mostly small-caps of financials, healthcare, & industrials. The Russell has lagged all other indexes and would be the last index to fill its March gap if it indeed does. Hourly with view of Gap BTO $IWM 9/4 $160c avg $.60
EWZ just broke out of a downward channel at ~$30 on Friday. $EWZ is an ETF of the Brazilian market with stocks like VALE SID NTCO GOL AZUL ITUB BBD in the index. EWZ has previously moved with the domestic "value" trade. EWZ broke out of a downward channel after forming a double bottom. First Target $32, Second Target $33, then looking for relative highs above...
Falling Wedge $RVLV falling wedge broke out yesterday. Need to break & hold $21 for more upside, target as high as $24. One of about 100 falling wedges in market right now. A bonus to this trade: $ULTA looking for a sustained move above $226. Another bonus since $ULTA isn't a falling wedge $PLAY Falling wedge broke out. Looking for $16 and possibly $16.75
$SPX seems to be forming a large rising wedge here with structure beginning early August. I am looking for the gaps to be filled, and there are now many to fill within reasonable range - gaps are at $3275, $3310, $3340, and most recently a small gap at $3410. Volume has notably decreased as we move up which is a bearish divergence. A pullback to fill all gaps down...