thinkCNE

thinkCNE

ONON recently tested the breakout price of $37, which aligns with the resistance seen during the recent earnings release. The daily candle indicates strong buyer support, as the price swept the prior day's low but closed higher, not only surpassing the previous close but also reclaiming the support level. This action suggests potential bullish momentum, making it...

thinkCNE

AI is becoming increasingly significant in the US stock market, raising questions about security and protection. Zscaler (ZS) provides a solution for securing AI applications. Although not an investor, I observe that the stock has rallied since earnings and is now testing a significant resistance level around $200, dating back to early March. Despite the necessity...

thinkCNE

Abbott Laboratories (ABT) recently swept its monthly fair value gap and saw a significant price increase from $102 to $104 on Friday. Despite the jump, there was no specific news driving this above-average ATR daily movement. The stock has been holding above the $100 level, building a solid base, and the chart looks promising. With earnings due on July 18, it's...

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Starbucks (SBUX) presents a long-biased trade opportunity. The stock has tested the Anchored Volume Weighted Average Price (AVWAP) from its recent earnings and is holding within the weekly Fair Value Gap (FVG). This indicates that despite recent volatility, the stock is finding support and may be poised for an upward move. Keep an eye on price action around these...

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Nike (NKE) has closed below the Anchored Volume Weighted Average Price (AVWAP) from the recent earnings report. An insider recently bought shares, prompting retail investors to follow. Despite the range-bound trading, there is potential for profit. The plan involves entering a second position at the low of the day (LOD) with a stop loss at the high of the earnings...

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Mastercard (MA) has set up a potential mean reversion trade as it swept the latest monthly lows and closed above them. However, the volume doesn't support this move, and the daily candle's range doesn't indicate strong buying; it appears sellers are exhausted. The initial plan was to enter at the high of the day (HOD) with a stop loss at the low of the day (LOD),...

thinkCNE

**Reasoning:** - Nike (NKE) has seen a significant drop, over 20% in one week, due to poor earnings and declining demand for footwear. - The stock closed with a high relative volume of 8, indicating heavy selling and buying activity involving both new and long-term investors. - This trend is expected to continue, potentially leading to further declines in the...

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Republic Services, Inc. (RSG) has formed a topping candle on the daily chart, indicating a potential mean reversion trade for a correction lower. The setup involves entering at the low of the day (LOD) with a stop loss at the high of the day (HOD), targeting the anchored VWAP from earnings around $188.23. This trade hinges on the idea that a new all-time high...

thinkCNE

Nike (NKE) has seen a significant drop, over 20% in one week, due to poor earnings and declining demand for footwear. The stock closed with a high relative volume of 8, indicating heavy selling and buying activity involving both new and long-term investors. This trend is expected to continue, potentially leading to further declines in the stock price to the...

thinkCNE

Mean reversion trade idea, extension in trend, filled bearish FVG, now time for a short term correction to earnings AVWAP, and lower.

thinkCNE

Mean reversion trade idea, extension in trend, filled bearish FVG, now time for a short term correction to earnings AVWAP, and lower.

thinkCNE

FVG below, watch for fill, if piercing pattern emerges, long with stop loss LOD pivot.

thinkCNE

NASDAQ:CHTR Charter Communications (CHTR) - Trade Plan Update Trade Setup: Anchored VWAP (AVWAP) Rebound Rationale: The initial earnings release day was marked by a distinctly bearish sentiment, with CHTR closing below two critical support levels: the psychological threshold of $375 and the established support at $374.42. Observing the stock's performance...

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Caterpillar Inc. (CAT) - Revised Trade Strategy Trade Setup: Anchored VWAP (AVWAP) Reversal Play Rationale: Post-earnings, Day 1 concluded with a bearish spinning top despite substantial volume, indicating indecision yet CAT’s price retained above the critical support level of $225. My initial bias was towards shorting on a potential breakdown below this...

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Trade Plan for Spotify ( NYSE:SPOT ) Reasons for the Trade: Positive earnings report. Strong consumer sentiment. Formation of a Bullish PEG candle. Notable sell-off in alignment with the broader market. The stock's performance offers potential for both long and short opportunities. Price retracement to the critical level of 159.50 (or rounded 160). A substantial...

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NYSE:F (Ford) Simplified Trading Blueprint Why Trade Ford: Quick Points High volume: Lots of trading after earnings report. Price dropped below $10: Big deal for traders. Bearish signs: Technical cues predict more drops. Key Levels to Watch: Immediate: $10.00 (critical psychological barrier) Below: $9.56, $9.11, $8.41 Special Note: $10.20 zone (major...

thinkCNE

In the intricate world of trading, various metrics and indicators play pivotal roles in shaping decisions and strategies. While short-term indicators like daily moving averages and RSI might capture immediate market sentiments, it's the longer-term metrics that offer a broader, more stable perspective. One such influential metric is the Year-to-Date (YTD) anchored...

thinkCNE

Loading this one today, I think it can see some nice price action this week. Purely basing prediction from candle stick analysis .