$ADI still looks fine. I don't think this play falls apart just yet. The market is swinging very wide, and the Semis are strong. Even with $ADI vs the indexes. The indexes fell harder and $ADI and all semis look strong.
Me personally I'm swinging $SPXL over the weekend. My main reasoning for this is because of the timing of everything. Down Friday, down Mondays are rarer than you think, and I don't think that will happen in this environment. We are also in that sexy demand zone and made an inside bar. To break the low would be 4 points to break the high is 6 points. So, RR is...
$CRM had its great move up and seems to be slowing a bit. A methodology for trading short term like I do, that I like, is cut the weeds and keep the flowers. Or sell the losers, keep the winners. We also can't marry a stock, so it is up to the trader to determine when the asset turns into a weed. Personally, for me if we break the supply zone I marked, I am...
Here we see $ADI overtook every moving average on 2 hour and looks primed to move back higher. Need to see how it continues to interact with the $187 level. Semi companies have been flying think $NVDA, $AMD, even $ON. After earnings $ADI since calmed down, and with the overall market permitting wants to join the party again. This company fundamentally can be...
$ALGM had great earnings and has since calmed down from it a tad. At $46-ish seems like it has strong buying under it with that large candle on daily. $48 is a conservative target and it could hit around and in the $50s. Focus on RR and size, Powel next week SPY has lots of room.
This Trade has gone great, I took some off, curious to see how it acts with this level.
PSA take that trend line with a big grain of salt, just an idea I see. Trends aren't two touch points, but all trends start with just two touch points. I see a supply zone around where we bounced. I think better to look at it as a zone rather than blanket support. Depending on time horizon you can see $200+ with JPM. Some will see in the $130s, some in the...
I like $ADI because of the candles and the support and resistance around it. It just works out that there is a symmetrical triangle around it as well. For real good confirmation I would love to see that 20-day SMA get overtaken. Then path for upside is very clear. There are price targets for it above $200, I'm not sure about holding a lot of this looking for...
$JPM around $127, $128 is a good longer term support level. way back when it bounced to $144 afterwards. Bigger banks getting more deposits after midsize bank collapses Mid size banks will be scrutinized harder so the bigger banks will have an advantage on the playing field Cramer recommended it so I don’t really like it but I think I’m buying the dip he...
After some cooling $AMD can make a handle and push its way to $99 The whole chip space has been FLYING recently so some cooling before another run can be good. $AMD definitely a market leader right now.
if we break the 200 EMA resistance strong, we can see $10+ I think fundamentally this company can be around $12-15. Need the rest of the market to play along and this can moon. CPI was decent and SVB situation seems fine. Melt up mode on market can send this one.
Really great set up. If you were averaging into this one from for a bit, you're very happy right now. It looks like a calm target is $190. Have to see how it interacts with the resistance it hit. If we can turn that into support that would be great. This company could easily be in the $190-210 range in my opinion. Need the rest of the market to play along and...
Really great set up. If you were averaging into this one from for a bit, you're very happy right now. It looks like a calm target is $130. This company could easily be in the $140-160 range in my opinion. Need the rest of the market to play along and this can moon. CPI was decent and SVB situation seems fine. Melt up mode on market can send this one.
So, the inverted hammer candle on daily can play out. We need a candle close above 121.52 on this day and then more upside confirmed. Technical target would be $135 ish. then fundamental target $140-$160
I want to buy this all-time low so bad and flip it to $30 a share. IF the SIVB thing gets resolved this is a very good Risk to Reward. Stop at new ATL and profit target is your judgement. Good luck
If you look back on my profile, you see some wild PLTR chronicles. I made 1,200% with those options never did that since. Anyways let's get to the graph. So, I think we can see a H&S there leading to this break down. for upside confirmation we need break of $8.58, then book we can see $10 again. Reminder they are GAAP profitable. $6.90 seems like the next stop...