mentalcapital

mentalcapital

Really liking the way the market is moving signifying strength after each attempted pullback. With AMZN consolidating during this period it's has setup a proper DCA opportunity above $3240 with the stop below the pivot at $3125.

mentalcapital

Gameplan: Ticker: AVGO Sector: Technology / Semiconductors Average Beta: 0.99 Set up: Wedge Breakout Entry Price: 490.21 (50%) 495.21 (Add other 50%) Stop Loss: 477.39 Price Target: 550+ Scale in/out: Will scale in with a feeler at this level about half-size incase I get stopped out I can re-enter at another level. Will scale out 1/3 off of momentum to pay for the...

mentalcapital

Gameplan: Ticker: CL Sector: Consumer Defensive / Household Products Average Beta: 0.60 Set up: Head & Shoulders Entry Price: 80.15 Stop Loss: 77.39 Price Target: 92.50 Scale in/out: Will scale in light if volume picks up approaching 80$. Will Kick 1/3 into strength if bids support the trade. Will trail the other 1/3rd through the previous day LOD. The final kick...

mentalcapital

Ticker: PG Sector: Consumer Defensive | Household & Personal Products Average Beta: 0.41 Set up: Head & Shoulders Entry Price: 130.31 Stop Loss: 126.47 Price Target: 150+ Scale in/out: Scaling in as volume picks up supporting the bids as it crosses the 130 phycological figure. Scaling out to pay for the trade but from then set til target. Will you trail: Will...

mentalcapital

Game plan: Ticker: INTC Sector: Technology | Semiconductors Average Beta: 0.66 Set up: Wedge Breakout Entry Price: 64.31 Stop Loss: 61.89 Price Target: 75+ Scale in/out: Want to scale into the breakout with volume supporting bids. Will scale out and pay for the trade when buying pressure starts to decrease. Will you trail: Will trail with previous day LOD Next...

mentalcapital

Ticker: CMCSA Sector: Communication Services / Entertainment Average Beta: 1.04 Set up: Wedge Breakout / Micro Flag Entry Price: 53.62 Stop Loss: 51.67 Price Target: 65 Scale in/out: Scaling in with volume approaching ATH supporting bids throughout the trade. Scaling out as im paying for the trade once bids stop supporting figures such as 55, 56, etc..otherwise...

mentalcapital

Gameplan: Entry: $32.28 Above Figure Stop: $31.19 Below Figure Target: $40 Phycological Figure Setup: Bull Flag Key Levels: $31.50, $32, $35, $40 I really like this setup because it has technical formation and it has been consolidating for a decent amount of time making it ready to push past previous all-time highs and to hold the $32 area. Another reason I this...

mentalcapital

Gameplan: Stock: ALXN Entry: $158.55 Stop: $155.47 Target: $175+ Setup: Momentum Bull Flag I really like this trade because it has a great technical pattern on the daily and the hourly chart. It has great daily volume and is relatively strong. This trade has potential to reach 5:1 + since it is up for the year 45%+ and has previously reached $200+ historically.

mentalcapital

No trade idea yet but just mapping out specific areas to work on my charting abilities.

mentalcapital

I really like this trade because it has a great technical pattern with the inverse head and shoulders along with a great risk reward. It looks great on all time frames, on the weekly and monthly its in a bull flag formation. TMUS looks ready to move to the upside with the next phycological resistance being at 150$.

mentalcapital

I like this trade because it is well capable of providing 5:1 risk reward on below 3% risk along with the chart/technical showing 2 previous retests of the 116.50 area.

mentalcapital

I really like this EXPE long above 130.05 because it has been tightening up and is forming a wedge formation breaking out through the bull flag. Do I think this trade will reach the 5:1 quick? No, but I can see this slowly grind to the 5:1 and cross through ATH at 161.

mentalcapital

I believe that this stock has a good technical formation making it capable of breaking out of 22. Support 18 Stop 17.98 Resistance 22 Target 30 The only issue with this trade is that it only averages 100k shares traded daily.