Celsius Holdings, the market-leading energy drink company, looks poised to emerge from a double inside day setup. The stock traded inside Tuesday's range on Wednesday and Friday and remains inside this tight area. A breakout above 55.25 would be the trigger to buy with a low-risk stop loss at 52.10 (5.6% risk). This breakout would coincide with a move through...
NVDA stock has topped. The run is over. And institutions are using Wednesday's earnings beat as a final chance to sell their shares while they can. Over the last 4-6 weeks we have witnessed many of these leading names roll over and retrace beneath their 50-day moving average – a key level that generally supports top stocks through the move higher. Despite the...
Dynatrace is a software company developing intelligent platforms that allow customers to modernize and automate IT operations. Their secret sauce? You guessed it… artificial intelligence. Now only has the pullback been shallow (only 6% from its highs), it also took place on decreasing volume. I like to see leading stocks making shallow retracements on light...
Shopify needs no introduction. If you bought something online from anywhere other than Amazon, the sale probably ran through Shopify. The stock is up 175% since October and proving to be a market leader. The recent action shows shallowing retracements on declining volume – a textbook breakout pattern or "VCP Pattern" as described by Mark Minervini I would...
Breaking out of one month consolidation. Constructive price and volume action and a market leader. You don't need to know what's going to happen next to make money ~Mark Douglas Lose like a pro and keep trading, or lose like a novice and quit ~Mark Ritchie
NVDA is my first buy in close to a month after being stopped out of everything at the beginning of the month. I bought a quarter position in the morning, followed by another quarter later in the day, bringing me to a half sized position at an average price of $238.86. Not in any hurry to add size until I get some traction with the shares I have. The green light...
@wardaK This one is for you. You asked what's my current though on NFLX S/T. I believe we see NFLX show some sign of consolidation possibly after it goes towards 700 pysc lvl. Expect Support to be held from 662-672 to be held and bot up for the next rips. Market leader iMO -- alongside FB , TSLA , COST