UnknownUnicorn7308096
$ATOM forming a rounding bottom with a handle/pennant at the top as it retests 52 week highs. Very bullish this stock long term as it has speculative technology in semiconductors that could really boost top line of this small company. You can see after recent ER real volume came into the stock. I love that action and am looking for continuation. Stay long stock...
$Z is breaking out to new highs again before $RDFN earnings in an hour. Housing market has been on fire and $RDFN $Z should benefit. I hate earnings plays so I have a half position currently as I want the ability to double up after earning's prints. Also possible $Z gap up on $RDFN blowout so I want to take the risk exposure. I am long Jan $100c and short Sept $65p
I can't believe I'm saying this, Long ROKU through ER. ROKU Bull Flags/Pennant on multiple timescales: 5min 30min 1hr ROKU has bottomed after completing A-B-C corrective wave within a long term bullish trend. ROKU is growing sales >40% y/y in a pandemic -ad sales >50%- while trading at a relatively subdued multiple to peer-metric stocks (sentiment...
$ENPH Long into Earnings What a nice setup for ENPH. Long solars into earnings as this stock forms a pennant and makes a go for new highs. Downside risk $50 support, new highs upside risk.
Another Nice Bull Flag - looking for breakout here to retest all time highs at $130 as possible earnings run-up.
After pulling back into its channel, SQ is coiling in a pennant before earnings next week. A blowout could see breakout from pennant with continuation likely above $150. I am long SQ stock and calls, short SQ puts.
I can't believe I'm saying this but TSLA is setting up to be a nice short. Many have died by these words so I'll take a neutral perspective (I'm a TSLA bull fundamentally) — technically TSLA has 2 gaps lower to fill and seems to be rolling over In a triangle. There are so many interesting things to see in this chart in terms of change of momentum at the top but to...
$XP Bullish Consolidation - Long Exactly as it seems. $XP is a Brazilian fintech ala Buffett's STNE. Stay long $XP through earnings.
$MRVL Bullish Channel - Stay Long $MRVL back in channel on morning pop. I have $40 2022 calls on this name as well as stock. One of my favorite 5G names and a nice opportunity to get in below all time highs.
STM Retest of Breakout After ER Pullback - Long Simple as it gets. SMH moving with QQQ, STM posted a good quarter and was faded. Long this retest of previous breakout.
DT Ascending Triangle - Long right here, right now. Looking for breakout along with entire software sector. DT is lagging the sector breakouts (FSLY LVGO DOCU today for example) and is a strong buy.
$GPRO seems to have formed a bullish pennant after clawing back from lows out of a 'cavern'. Some nice options paper hit today as well. I am long $GPRO today in shares.
$SHLL is one of a few spacs - $FVAC the other - that I am fundamentally bullish on and want to own. I like the go-to-market strategy, I like the comparison to $CMI, I like the potential speculation on ticker change come September to boost its visibility. Part speculation, part fundamental; long $SHLL below $20. $SHLL bull flag finding some buying after gap fill....
$XYL displaying what seems to be a textbook inverted H&S pattern with a nice flag pushing the neckline. Playing ER is always a risky move but the chart here is beautiful.
$SMH broke out today and looking for components to push for breakout as well. Thinking of names like $ON $STM $AVGO $LRCX $AMD $MU but it cannot be denied that $ADI chart may be the strongest of them all. $ADI in a nice consolidation-continuation pattern as it tests all time highs. Go long as $SMH breaks out for a nice potential breakout in $ADI.
Another great video from Pete Najarian in "The Take": www.youtube.com Calls out $HOG call buys. So I go and pop open a chart and what do you know, a nice setup... $HOG is coiling and getting ready to pop it seems. When something coils it can go in either direction, and recent action could suggest a continuation down however, call buying may indicate upside (also...
Very Simple trade. Huge oi in July and August options. Previous share buyback guidance now slated for 30% of float if confirmed. Dividend paid and HPQ has cash to pay. Ignoring fundamentals as we're traders, HPQ is about to b/o from channel it's traded in since March. $18.15 is the highs from that level & HPQ broke out of recent rally run today. Go long HPQ...
BABA is forming what seems to be a long term symmetrical triangle/coiling pattern which is a very powerful bullish continuation pattern. JD broke out and KWEB has rallied due to what seems to be China-US relations calming. Stay long BABA here and follow the breakout patterns.