jaxdog

jaxdog Updated 

$ENVX Here’s a stock that has a good chance of being a 5 to 10 bagger down the road. New battery technology. Notice it held its earnings breakout. I took a chance on this today as it dropped to the 20 EMA. I’ll place my stop on CLOSE below the same EMA. Conversely, I’ll be looking to add on additional strength. All TBD. Good news is most everyone in this trade, by...

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$GTLB Needs to breakout over both Price Resistance area and YTD AVWAP to be a viable trade for me. Look how both of those confluences have acted to reject price recently. I will be looking to take this long after it breaks over and retests the breakout. No rush on this one but looks to be setting up nicely. Maybe one for your watchlist too. Ideas, not investing /...

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$CHPT Looks like ChargePoint is getting ready to breakout of a consolidation area. See notations on chart. It is currently right at resistance area. I added a ¼ position today in anticipation of a breakout. I like that it is above the 8 and 21 EMA as well as the 50 DMA and 2 AVWAPS. However, it is still below the 200 DMA and the IPO AVWAP. You can see we have a...

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$TIXT has been on my watchlist for a few days. Somehow, I missed the earnings breakout this morning. I do have a limit order in for a 1/3 sized position to buy on any pullback. It looks to me that we now have a legitimate IPO Base that is just starting to breakout. The rising RS is great, and the only real resistance may be the IPO AVWAP. Like most breakouts, it...

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$AHCO I like how this one is climbing up the right side of the chart. It looks to me that there is no resistance on this chart before the R1 area. Then maybe chop as it moves up to R2 area. I am long this name as it moved over the round number of $20. My stop will be a close under the 8EMA (green) and I will take ½ position off at R1 and let remainder of position...

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$SWBI Looking to break a support area. I will be looking to short this one on a break below the $13 area with a stop just above the blue support / resistance area. Next logical support area is down in the high $8.xx range which represents over a 30% decline. See notes on Chart. Lots of reasons this stock could tumble, fundamentals include slowing EPS and sales...

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Looks like we may have an Inverse Head and Shoulders pattern on $SMH Semiconductor ETF. Ideas, not investing / trading advice.

jaxdog

$LNTH Breaking above a resistance area today on higher-than-normal volume. We are only 45 minutes in and traded 633,000 shares. 10-day average is 1,066,000. Trying a starter position here. I’ll put my stop on a close under the 8 EMA which pretty much coincides with the low of day. Let’s see what happens. Ideas, not investing / trading advice.

jaxdog

Monster Beverage $MNST is one of the strongest stocks in the market right now. If the overall market gains strength this one could move up fast. I'll be looking to take this long if / when it moves over the $100 threshold (a Livermore level). So far, it has failed to do that but has tried a number of times. This may be one for your watch list. Ideas, not investing...

jaxdog

Looks like Privia Health Group $PRVA broke out of an IPO base back on June 21, 2022. That base break is still valid in my book. It attempted to break the more traditional breakout / pivot point today but pulled back. Today was a strong volume day with the most buying volume since it’s IPO date. I tried to get into this early today with a limit order that just...

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$ALB Looks to have started a new uptrend with a series of Higher Lows and Higher Highs. It looks to be right at a short-term resistance level. I have an alert just above today’s high which is also in the resistance area. If it can get over and close above 226 – 227 area, I will be looking to go long with a target area around 247. See markups on chart. This may be...

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$ENPH I am already Long this name and added this morning. Still only ½ size position in this wild market. This name has been showing Relative Strength for some time now as is the whole solar sector. I have my relevant notes on the chart. I expect the next level of resistance will be in the $216 area. If it can get above that I think a reasonable target area is...

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$UTHR In this bear market I am looking for a failure on the double top break-out. I know the RS line is strong and we have somewhat of a basing pattern, although wide and lose since April of 2021. Just thoughts. If history (of this stock) repeats you might want to consider a short if this fails near this double top. Low risk with stop just above ATH. I'll update...

jaxdog Updated 

$CAR Looks like it has broken it’s up sloping trend line and so far, today wicked through what may be a support area. It is also below 8 and 20 EMA (blue) / SMA (black). The 50 day (red) is just below and is close to the lower possible area of support around the $238- $239 area. I’ll be looking to take this one short next week if it continues to weaken. TBD....

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$OLLI looks like it has broken out with both higher low and a higher high. This may be entering an early stage 2 which is where you want to be. I am already long this position and will be adding if we can make yet another higher high then another higher low. TBD. See chart for analysis. Ideas, not investing / trading advice. If you make a trade in this, make it...

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$GLD Broke out on the week of Feb 14, 2022. Then came back in to retest the prior low. It did not exceed that low. Notice a series of Higher Lows. Looks like we are at or near an area of resistance. I will be looking to take this long over the resistance area with a tight stop just under that area if / when it breaks above it. Target old highs. All TBD. Notes on...

jaxdog

Most “wave” theorists would tell us that markets (stocks) move in, on average three major waves. If that is the case, we have had two major moves down on the $QQQ. Both in the 90-point range with one rally of about fifty points (all moves intraday low to high). Could we be in for a Bear Market rally of around forty-five points ( ½ the move down on each leg)? If...

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$LCID is clearly in a stage 4 downtrend. Who knows when it will end and at what price? I thought it interesting for the “bottom fishers,” that it looks like we are nearing 2 “potential” support areas. We also have earnings coming up next week. I will not be trading this at least until it can make a higher low, maybe after earnings? Right now, it’s making lower...