tangman

tangman

It's a hot time for both SPAC and EVs Here is an SPAC for a company that is a market leader in LIDAR sensors. Which will be used on just about everything not just EVs. What's not to like

tangman

Amid a raging bull market in crypto and widespread GPU and CPU shortages, somehow AMD and NVDA feel a little "slow" compared so other raging stocks. I have been long AMD and have built up a decent position. Here we have an ATH breakout that is holding intraday. The MACD is recharged. It could always dip for a day or two, but long for the longer term trend.

tangman

This could get going similar to RUN. That last run up was I N S A N E.

tangman

Honestly never thought I would be able to hop onto this RUNaway train. Here it is with a huge bull flag inside of a ESG bubble. Risk of course but this is as good an entry as anything. Safest to wait for breakout confirmation but hard not to feel FOMO with the entire solar / electric space so strong.

tangman

I noticed MP was pulling back on low volume. Two consecutive red days had very small volume. I took a large position at the green arrow. Fundamentally, it is one of my favorite longs. I did not take the position on chart alone, but the low volume red day was a strong clue that price could not move lower. I am still long and will see where this goes.

tangman

I have been trading this and have recently booked great profits off of this. It probably runs much higher but risk management has me out for the time being. I would like to reflect on recent price action as a study. Trading inside the bull flag was fine, I was fortunate to buy low and sell high a few times. But, the BIG TRADE was always the breakout, with...

tangman

Trying to break out of bull flag here.

tangman

A technical take on the TSLA. IMO, This breakout isn't one to chase. Risk management would be highly prudent here for longs (sell some, take free rides). With market share declining in Europe and China due to competition, in a normal world TSLA would collapse on its ridiculous fundamentals. But this isn't a normal world, it's a stock pumping video game. And...

tangman Updated 

I posted this chart about a month or two ago (didn't publish here) but wanted to update what I think is a BULLISH case for stocks. This does not HAVE to play out as the economy really does have a lot of problems. But it has played out for the last month or so. Simply using the 1989 crash and correction as an analogue. We can at least see that we are nowhere...

tangman

Honestly I only just now noticed the KOSPI and how on fire it is. (EWY is a Korea ETF) I posted a weekly chart of SHCOMP the other day and Korea makes me think a breakout is a real possibility for SHCOMP (KBA). I would like a multi-week consolidation to buy some Korea, but maybe China is ready to go already. I'll likely add to any daily dips in KBA and risk...

tangman

Weekly rectangle consolidation over a large weekly downtrend breakout. Global growth data is improving on rate of change terms (Hedgeye Quad 2), very positive for China & global risk. Long KBA, KWEB, CSIQ on a long term basis. Consolidations can happen anytime and last for weeks. There is a potential breakout / acceleration if this gets going.

tangman

Held LT support with an inverse head & shoulders Now consolidating over that neckline Decent place to accumulate for long term Yesterday, High-Volume-Narrow-Range red candle indicates demand at that neckline support

tangman

Relative strength of this stock in the Gold Mining and Gold Royalty sector. This thing is just not selling off that easily, I have a feeling it will outperform during the next run up. I'm not sure when that is, as recently growth data has picked up in the US. So it may be a quarter or two away. They may also create another liquidity crisis again in order to...

tangman

It's pretty crazy that compared to the recent lows, it's already up 50%. The chart does not look overextended like Bitcoin. Yeah, Bitcoin is up 80-90% off of 10k, but Bitcoin could be due for a short term pullback. Vechain could run another 50% to its recent highs, to say nothing of its all time highs which is still much higher. Riding 50% VET and 50% ETH...

tangman

Las Vegas Sands has been in a bullish trend lately on China strength / reopening (Macau). Interesting action where this level has held as support several times. IMO, can use this level as risk management. Declining volume after the last peak suggests low selling pressure / successful consolidation.

tangman

I just took profits on a PDD position this morning after a 20% gap up. I think the chart is a good study of simple Support & Resistance levels on a long term bullish chart. Note the breakouts and backtests. This company was founded not that long ago and is already the #3 online retailer in China. Very impressive, and the growth potential is high. I went...

tangman Updated 

Possible trendline / bull flag break on Weekly terms. Short term / intraday can always see consolidation but it's getting clearer that this weekly consolidation is over or close to over.

tangman Updated 

EQX looks quite a bit healthier than GDX. It is much closer to new highs, and in the last couple days has shown relative strength. This coil and flag breaking out together suggest buyers are starting to overwhelm sellers here. After two months of consolidation in the Gold sector, I'm adding on any dips for long term, no-trade holding.