jaxdog

jaxdog Updated 

I have been keeping an eye on NASDAQ:TSLA as it keeps putting in higher lows. It looks to me that we have a wedge pattern inside a larger wedge pattern. I have started a ½ size position in anticipation of running up to the larger wedge pattern where I would expect more resistance. In addition, NASDAQ:TSLA is now above all shorter-term moving averages and the...

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I have been watching NASDAQ:FROG since the Power Earnings Gap on Nov 2nd. It pulled in nicely and I should have bought it on Nov 13, but I missed it. It has since pulled back again and looks to be breaking out of this consolidation area. I have started a ¼ size position with a stop below today’s low. I will look to add if it can follow thru without stopping me...

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NASDAQ:FRSH I like this chart except for a declining 50 day moving average (red) and it has yet to put in a higher low. The positives are a rising 40-week MA (white) price has moved over the shorter-term Mas. It looks to be breaking out over the downtrend line. I like how I can define my risk if I am wrong. I have started a ¼ size position and I will look to...

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NYSE:DE has earnings coming up next week. I started a 1/4 size position on this breakout. I'm looking for a rally into earnings. All TBD. Stop is under LOD. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.

jaxdog Updated 

NASDAQ:MCHP is heavy into automotive chips along with many other industries as well. When looking at the chart I see that we have a longer-term double bottom formation that put into play an Undercut and Rally on Nov 2nd, which was the earnings date. That is technically still in play. It looks like it will break out of the downtrend line today where I have an...

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NASDAQ:MBLY looks like and technically is a fairly new IPO. However, it was a publicly traded company prior to NASDAQ:INTC buying them in 2017. They re-IPO’d in 2022. I am playing this as an Undercut and Rally play. Earnings are behind them, and they beat expectations and guided sales and earnings higher. My stop is a close below today's low. A word of...

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I have an alert set on that resistance line where I’ll look to go long if the market also looks good. There is a big gap from Aug 9 that I think can be filled. However, there is also some resistance apparent around $297 looking back at the 2 big red bars. It looks to me that NASDAQ:SMCI found support at the All Time High AVWAP. See notations on chart. Ideas,...

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NASDAQ:SMH could be a big beneficiary "if" interest rates level out or even start dropping. This Cup w/ Handle formation is also about a 2 year base suggesting that if / when it breaks out, it could have a big run. All TBD. See Notes on chart for more of my thoughts. Ideas, not investing / trading advice. Comments always welcome.

jaxdog

NASDAQ:PCAR Beat Earrings and revenue and has been building a base for about 4 months now. I have this on my watchlist for an Undercut and Rally trade. All TBD. See chart for notations and thought process. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking. PACCAR (PCAR) reported earnings of $2.34 per share on revenue of $8.70...

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I took a chance on AMEX:IWM yesterday on the reversal candle. I liked the action today as it followed through. It did get rejected today right at the area of horizontal resistance although it did close in the upper 2/3 area of the candle. I look at that as being bullish. I will look to add to my ½ sized position if / when it can get over that flat resistance...

jaxdog

Looks like NASDAQ:CFLT has retraced its latest uptrend back to around the .618 Fib level. It is now hanging just under the 50% retrace level. I am not a big Fibonacci trader, but I do like to look at retracements and the .618% and 50% levels seem to be levels where stocks “can” make a turn. I use trendlines and support / resistance areas for my trading style....

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IDX:CYBR is in the internet security business and this sector is looking healthy. I like this one for several reasons. First, it is in an upward sloping trend channel. It has just closed in a 3-week tight pattern. CYBR has also been testing the area of resistance to the upside for a few months. It broke out 6 weeks ago but did not have the volume. However, it did...

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It looks to me that NASDAQ:MSFT is in a Falling Wedge Pattern. Often these resolve to the upside. It looks to me that NASDAQ:MSFT is testing the top of that wedge now. This may be one you want to watch. I have an alert set for a move over $332.60. If it triggers, I will look at a lower timeframe for an entry. This may have a run-up before earnings which are in...

jaxdog

AMEX:VTI – Vanguard Total Stock Market ETF looks to be forming a Cup with Handle on the Weekly Chart. I have an alert set for a cross over the top if the handle trendline. If the market firms up and this triggers, I will use a lower timeframe to look for a good RR entry and stop loss. Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.

jaxdog Updated 

The Communications Sector has been doing well in this choppy market. This Weekly Chart shows AMEX:XLC forming a flat base. And compared to other sectors it is showing good Relative Strength. I have set an alert on the resistance line. If the market starts firming up and this triggers, I will use a lower timeframe to determine a good entry and stop loss. Ideas,...

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NASDAQ:ACMR has been in a Stage 1 Base for about 9 months now. Then It got an upgrade to Buy on July 3 and broke out above the latest area of resistance as well as over the 18 Month AVWAP. It then pullback on lower volume (textbook) and is now ready to retest that breakout area once more. I will be looking to go long on this with an entry set-up on a lower...

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NASDAQ:QQQ Until and unless NASDAQ:QQQ drops out and stays out of this weekly channel it seems obvious to me that bulls are in charge. Of course, that can change and quickly but until it does, I remain in the bull camp. This pullback and sideways motion should help set-up more stocks for good entries. All TBD. So far, (it's mid-day on Thursday so a day and a...

jaxdog Updated 

NASDAQ:AMZN I am looking / waiting for Amazon to break above this area of resistance before I get involved. If we get an improving market ( I don't know if we will) then I expect Amazon can head back to recent highs. I have an alert set on that line and if / when it breaks thru I'll start looking at a lower timeframe to determine a good entry and stop...