thinkCNE

thinkCNE

The provided Pine Script defines a trading strategy based on the concept of Smart Money Techniques (SMT). SMT involves analyzing the behavior of institutional investors—often referred to as "smart money"—to identify potential market movements. By observing divergences between correlated assets, traders can infer the actions of these large market participants and...

thinkCNE

Mean Reversion Trade - Ticker: NYSE:BA (Long) Setup: Mean Reversion Trade (Long) Key Criteria: 1. Price has tested a prior breakout/breakdown level, 15+ day pivot in price, or monthly/weekly Fair Value Gap (FVG). 2. Market Cap is above $10 billion. 3. Price swept highs, closed lower, with a gap between the open and the previous candle close. Specifics for ...

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This technical setup revolves around a post-earnings gap fill, with the price testing and holding just under the monthly fair value gap. Monday's daily close shows a small bullish candle with a tight spread, suggesting potential strength. The broader XLK tech ETF remains solid, having endured a 2-day sell-off but is now looking to break above the $229 level this...

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The price has sold off from the $207.59 pivot level, dropping to $193.84 as of the Monday, September 30th close. The sharp decline from $200 to $190 over two days last week was largely due to sector-wide weakness, as reflected in the IBB (Biotech ETF). Since then, both the ETF and BIIB have been consolidating, showing signs of stabilization. Buyers have begun to...

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Setup: Mean Reversion Trade (Long) Key Criteria: 1. Price has tested a prior breakout/breakdown level, 15+ day pivot in price, or monthly/weekly Fair Value Gap (FVG). 2. Market Cap is above $10 billion. 3. Price swept highs, closed lower, with a gap between the open and previous candle close. Specifics for NASDAQ:RIVN : * Market Cap: $11.12 billion * Relative...

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Setup: PEG Continuation Key Criteria: 1. Market Cap of $10 billion or more. 2. High Relative Volume on Close (2Rvol+). 3. Ideally, the price has reached a key daily/weekly support or resistance zone without gapping into a range (i.e., not in the middle of a range). 4. The stock is "in play" or on the verge of forming a new trend. Specifics for CHWY: * Market...

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Setup: Mean Reversion Trade Key Criteria: 1. The price has tested a prior breakout or breakdown level, a 15+ day pivot in price, a monthly or weekly Fair Value Gap (FVG), or a weekly/monthly gap. 2. Market Cap is above $10 billion. 3. The price swept highs, closed lower, and there is a gap between the open and the previous or second-to-last candle...

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Trade Plan 1. Bullish Trade Scenario Setup: Main Level to Watch: A break and close above $263.66. This level is key for continuation and could signal further upside. Entry Point: Enter on a pullback to the closing price of the earnings day, around $259.96. Stop Loss: Set below the low of the day (LOD) at $254.52. This places your stop just below a significant...

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The trade is a mean reversion setup based on the $700 resistance level as well as the prior 52-week high of $697.49 that occurred on July 5th, 2024. The trade is purely based on an intraday rejection observed on the 65-minute timeframe, forming a classic "buyer's fatigue" pattern where the first 65-minute candle is above the ATR and holds strong volume, while the...

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NASDAQ:MNDY has consolidated for 4 days post-earnings. Three bearish candles were observed, followed by a bullish candle closing above the previous two days. This is a bullish signal. The key level of $261 has been surpassed - this is the level of the Volume Point of Control (VPOC) across the three bearish days where sellers were present. Price is also holding a...

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The US construction industry remains robust. CAT earnings showed relative weakness in Asia, which was expected. North American sales are strong, while Latin American sales are growing steadily year-over-year. Chart-wise, we are observing a classic reversal following the apparent crash on Monday, August 6th. Notably, the price is now above the volume shelf dating...

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PEG - PYPL Trade Idea Setup: PEG Continuation Key Criteria: - Market cap: $10 billion+ - High Relative Volume on Close (2Rvol+) - Ideally, the price has hit a key daily/weekly support or resistance zone and has not gapped into a range (mid of a range). - Stock is "in play" or on the verge of forming a new trend. Trade Details: - Position: Long - Entry:...

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Charter Communications (CHTR) reported earnings recently, and the stock closed up +16.62%. Despite the significant price increase, the earnings report itself did not justify such a dramatic rise. Instead, the movement can be attributed to the stock testing liquidity levels. Understanding the Price Movement: Liquidity Testing: Markets often move from one area...

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MMM (3M Company) saw a significant surge of +22.99% on Friday's close, which might suggest extraordinary earnings, but that's not the case. The earnings report was in line with expectations and didn't reveal anything particularly noteworthy. The substantial rise in the stock price can be attributed to a short squeeze, where trapped short traders were forced to...

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The stock is down 40% for three main reasons: Market Share Loss to Competitors: The company lost significant market share to NYSE:ABT in the Medical Device Channel (MDC), contributing about $100 million to the guide down. Slower New Patient Growth: There was a noticeable slowdown in new patient uptake, adding $125 million to the projected loss. Although the...

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Regarding Citigroup stock, it has recently shown a strong performance following its latest earnings report. As of now, analysts have a mixed outlook on the stock, with a general consensus leaning towards a "Buy" rating. The average 12-month price target is around $63.09, slightly below its current price of $64.52. Key resistance levels for Citigroup include...

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Wells Fargo (WFC) is currently in a consolidation phase near the lower end of its range dating back to March 2024. The stock's price has faced some challenges recently, including a notable drop of 6.02% on July 12, 2024. Despite these setbacks, the company's earnings and financial health remain solid, benefiting from higher interest rates. However, there is an...

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ORCL presents a contrarian trading opportunity. Despite overall bullish sentiment, the price action suggests a potential downside. ORCL recently hit an all-time high but closed lower, indicating possible bearish momentum. With QQQ breaking out and major tech stocks like NVDA, AAPL, GOOGL, and MSFT showing significant growth, it's plausible that these leaders might...