I have been monitoring HIAPTEK movement since Oct when it turn into stage 2.
Unfortunately, I am washed out on 20 Oct by that deep wash.
Price recovered back above MA50 afterwards and the setup is getting crispy again.
Expect few more rounds of pullback to gain momentum for another rally.
Let's see.
Disclaimer:
Information presented here is not intended to...
ROOT is an app-based insurance company offering home, auto, and renters’ insurance in all 50 states. With a market capitalization of just $156MM, it is below the small-cap threshold making this a micro-cap stock.
In other words, it's small. But it wasn’t always. The company was worth roughly $6 billion when it IPO’d in 2020 - roughly 400X larger than its current...
Wayfair is the kind of stock you can make a lot of money on by catching the early move. It has household name recognition, trends well, follows the traditional growth stock stages, and is both large enough to attract institutional investors while still being small enough to deliver triple-digit gains. In 2020, for example, shares surged 1,500% in just over five...
NIO is basically a Chinese Tesla. They are an electric vehicle manufacturer with seven models in production and have so far delivered around 350,000 units.
I don’t typically like Chinese stocks, but this one looks poised for a breakout higher.
The chart above shows my stage analysis for NIO stock on a weekly chart covering the last four years. As you can see,...
Unity is a gaming company that fits perfectly into the AI theme we are seeing lead this market.
I have marked up a weekly chart of the stock to show how it has progressed through the 4 stages of the stock cycle.
After chopping around the $20-$40 range for the better part of a year, U is trying to break out into a new Stage 2 uptrend.
Price action has tightened...
Top trading idea for next week(s)!
NASDAQ:TGTX already proved itself with a strong performance YTD of 125% (and 580% in a year).
The stock is in a clear stage 2 uptrend and is now consolidating in between the 21 day MA and 50 day EMA on lower volume (check weekly chart).
Has the fundamentals.
A few more days of tight consolidation or a quick retest of the 50...
Micron is a semiconductor stock riding some of the momentum from yesterday’s earnings beat at Nvidia.
Notice the textbook breakout pattern that has formed over the last three months – a series of shallowing retracements with resistance at $64.
The 200-day moving average is finally turning up and other MA's are properly stacked and trending higher.
This is the...
NASDAQ:PDD Is corrected from initial shoot up, after it broke from Stage 1 into Stage 2. It's is currently trading at the support. If earnings are good, it will rally back to the high it made in last quarter.
40-50% upside from here.
It's the best stock right now in our Portfolio 2023.
NYSE:BABA is also looking very good at this level
Datadog is trying to put end to what has been a vicious Stage 4 downtrend.
The stock fell 68% in last year’s bear market but is now rising quickly off the lows.
DDOG has reclaimed its 200-day moving average (white line on chart) for the first time in over a year after reporting better-than-expected earnings numbers last week.
The stock has stalled just under...
The leisure gaming group, as a whole, is setting up in a textbook breakout pattern.
Group moves like this can be powerful. The combination of a group move and a similar pattern from an individual stock within that group can lead to a strong advance higher.
DraftKings is breaking out of a clean base in the beginning of a new Stage 2 uptrend.
If you look at a...
2nd week in row above 30 week MA this week double volume from last week. Next week could consolidate, any pullback would be a buying opportunity as long as we stay above the 30 week MA. MACD and RSI look like they have plenty of room to run as well...
Price have seen signs of reversing on the higher timeframes.
New 1h high and planning for a long off the 61.8% (will move orders if new range formes )
SL below low.
Target 1.27 ext
SBUX is making the Stage 2 breakout attempt this week on approaching 2x the average weekly volume, with Relative Strength (RS) strongly outperforming the S&P 500 and the Stage Analysis Technical Attributes (SATA) indicator increasing to an 8 out of 10 on Wednesday on the breakout day. But it has fallen back to a SATA 8 today on the general market weakness, but...
RSI has bottomed, MACD in an uptrend. Poking it's head above 30week MA with earnings on deck. If this stays above 30 week MA and closes week post earnings above 30 week MA this will be entering stage 2 with clear stops below 30 week MA for a great risk reward profile. This stock has been bottoming and forming a base for months.
Nice rounded base and coming out of resistance zones with a strong +6% day - DUOL , science based learning platform.
I like the AUG 115/120 debit spreads as I still am weary of this market pulling the rug. However a lot of individual names are starting to look bullish breaking out of bases... like Duol :)
Cheers
