TAP flushed on a good earnings beat into support LONGTAP appears to to have fallen into support on a good earnigns beat Perhaps traders were
expecting a better beat. It is now 15% below the resistance zone where shorts will take
positions and longs will sell- off. TAP has sales and consumer loyalty in its brands. It is
free of the controversies that had bogged BUD down. I see this as an opportunity to get a
decent stock at a discount. My target is 62 at the half way point has designated by the fib tool.
Dumpthenpump
GTLB a software company dives on an earnings beat LONGGTLB did a deep dive shaving 20% off its market cap after the earnings report. I see this
big dip as a buying opportunity for a software company stock at a significant discount more or
less ignoring the adverse forward guidance as fluff or purposeful misleading of investors
and traders to create a bit of a bear trap from which to launch a squeeze to propel the price
action. More details on the chart. I will go long here and expect to gain 10-15% with a little
patience. The general market downturn helped GTLB fall and then reversal of the general
market will give tailwind to the return trip. Targets are on the chart based on the high volume
trading range on the volume profile.
ROKU- Bearish Divergence gives guidance LONGROKU sold off after okay not great earnings- obviously a large number of market participants
took their money off the table and moved it elsewhere. There was a typical or excessive price
run-up in the pre-earnings period. This chart set in a 15-minute time frame as well as 15
minute time frame on the RSI laid onto the main chart shows bullish divergence which
otherwise might be subtle. It is the key to the trade entry. It is saying get on the train before
it leaves the station. Chasing the train is a futile endeavor fraught with failure and
frustration. ( Yes, the hot tip is boldfaced for emphasis) Price is sideways at this time. The
relative volume indicator shows a huge 4X surge in volumes at the consolidated bottom verifying
it as such. This is Wychoff's theory in action for sure.
I am now part of that volume. I am an avid bottom buyer like many others. I take great
pains to analyse for the bottom, unlike some others who run on gut or sentiment.
I hope you find this analysis helpful. If you do, please give me a thumbs up. Once you have,
feel free to ask as to the specifics of my trading plan now implimented.