longsonvn

longsonvn Updated 

A new 52-week high after earnings, while the overall market is still in correction, and the main indices NASDAQ:NDX , SP:SPX are all still below their own MA-20, MA-50 This is a classical buy point for trend-following traders. With the stop loss below the low of the current session.

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In a previous post on May 1, when CRYPTO:BTCUSD made a new low, I expected 2 scenarios: A fake breakdown and further decline. It happened to be the first scenario. Now after running up straight from a fake breakdown, CRYPTO:BTCUSD is forming a consolidation zone right here below its MA-50, between $62,800 and $64,500. A breakout above this area would...

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As commented in the related ideas section about CRYPTO:BTCUSD , the previous consolidation zone between the 2 white lines, which I expected CRYPTO:BTCUSD to break out and hence placed the buy stop order at 71800, already failed on April 13 when BINANCE:BTCUSD broke DOWN its MA-50 on war news. The expected trade therefore was never triggered and I am...

longsonvn Updated 

On April 30, 2024, CRYPTO:BTCUSD closed at the lowest level, below the $61,200 at the close of Feb 29. More importantly, this was a strong support the CRYPTO:BTCUSD has touched many times and bounced back (March 5, March 19 and multiple times between April 13 and April 19) Therefore the close below this level has a significant implications for ...

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NYSE:PSTG is relatively strong stock during this overall market correction, consolidating from March, and is now right at the MA-50 even when the indices once crashed down further below. A break out above this trendline would provide a buy signal.

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At the close of May 3, 2024, this is the second week NASDAQ:MSFT touched the 30-weekly MA and bounced back. Let’s look at a recent time when NASDAQ:MSFT was also trading around its 30-week MA for a while before resuming an uptrend. That was during September and November 2023 (an area where I use the yellow arrow to point to). Below we will zoom in to this...

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As you can see in my related ideas section, I opened a position in NASDAQ:GOOGL on April 1, 2024 and decided to sell my entire position around April 15-18. Therefore I missed the upside on breaking out after earnings. Here are the main reasons why I decided to sell. The overall market was very weak during that time. The main indices NASDAQ:NDX , SP:SPX ...

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During the uptrend from the beginning of 2024, both NASDAQ:TSLA and NASDAQ:AAPL were laggard among big caps as they not only could not advance, but step by step moved down the key MAs: MA50, MA150, MA200. Even the shorter MA went down lower the longer MA. There were signs that this can change soon. At the close of April 29, 2024, both NASDAQ:TSLA and ...

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NASDAQ:APP has been one of the top-performing tech stocks during the latest uptrend from the beginning of 2024. The stock is still one of the best performing since the market fell into correction in April. At the close of April 26, NASDAQ:APP crossed up a yellow trendline as shown in the chart, moving above its MA-20 and MA-50, providing an aggressive buy...

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As the close of April 22, 2024, NASDAQ:MSFT had the first reaction at the support area, the white line as shown on the chart, which started to form since January, 2024. The close provides an early entry opportunity to see if the support can hold. We can put the stop loss 2% below the low of the April 22 session. Another risk we need to pay attention to is...

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At the close of April 30, 2024, with an ugly price action, NASDAQ:MSFT started to enter an area between 30-week MA (orange) and 52-week MA (purple) as shown in its weekly chart below Which is equivalent to an area between 150-day MA (orange) and 200-day MA (purple) on its daily chart. This area was also a consolidation zone between Nov 13, 2023 and Jan 8,...

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On April 29, 2024, 2AM UTC, TVC:GOLD is moving inside an rising channel as we can see on a 4h chart below. A break below this channel suggest a downside to around 2280 (the white line on the chart) We can wait until the breakdown, putting a sell stop order. Or we can enter an early short here, as TVC:GOLD is moving below the lowest close of 4h chart...

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Weekly chart: On April 29, 2024, CRYPTO:ETHUSD s forming a bull flag pattern above the rising 30-week and 52-week MA. A breakout move out of this pattern suggests a further increase to 4670 (first target, the peak of 2021 uptrend) and 6370 (second target) Daily chart: CRYPTO:ETHUSD moved up above MA-20 which is a positive sign however it is still below...

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On April 25, 2024, I opened a pilot position in NASDAQ:AMD here for a few reasons.. The stock seems to react well at the MA-150 (the orange line) on the daily chart On the weekly chart, NASDAQ:AMD is trading at a meaningful support which is the previous peak from 2022. We should be careful here because the earnings will be released on April 30....

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On April 22, 2024, NYSE:IOT showed its first reaction at its MA-150/200 and closed the session at the high. During the last 5 sessions, from April 16, NYSE:IOT formed a small possible bottom pattern when it did not make the new low while the general market SP:SPX NASDAQ:NDX did so. Therefore I think we can try an early entry here with the stop 1%-2%...

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On April 26, 2024, NASDAQ:AVGO is among the first stocks that went back above MA-20 and MA-50 while the main indices SP:SPX and NASDAQ:NDX are still below their own MA-20, MA-50. An aggressive buy point is here. A confirmation is when NASDAQ:AVGO broke out the yellow trendline shown on the chart.

longsonvn Updated 

On April 1, 2024, NASDAQ:GOOGL broke out to a new high, as mentioned in my post in the related ideas section. I entered my first position there on that candle. Now, what is the target price? I don't use target prices much in my trading because I am a trend-following trader, and I am trying to hold on to a position for as long as possible until the uptrend...

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On April 25, 2024, NASDAQ:META crashed 12% pre-market after earnings release. The question is that whether it is a buy now? For me I do not intend to buy on crash. I am looking for a pattern, or at least, a meaningful support, to buy. At this level, even 12% down pre-market, I do not see any meaningful support here nor any pattern therefore I am not buying now.