With Chegg I would look too short a hard spike up into the 96-97 area where you have a quarterly and monthly pivot, or I would look to buy a hard flush down into the low 70s where you have a monthly quarterly and annual pivot all stacked together.
This has been such a strong name that I’m looking forward to seeing if it gives good opportunities to get long on some sort of overextended selloff on the numbers. but I get the feeling that even the 20d and the monthly pivot at 78.48 may even be asking too much. We’ll have to see how it reacts to the numbers but I would be willing to scoop longs on any flush to...
I’m keeping this one on the list this week but it’s not something I’m in love with as much as I was the last time I had it on this list. The best case scenario for me is that this thing speeds up and actually gets one more push higher to give it a bit more of an extreme look. The other option is for it to make an attempt to take new highs and fail, in essence...
Hard to argue the weakness with that big red daily candle after the numbers came out. this name is really just hanging on by a thread. Under 99 and things can get really ugly. so I’ll either be looking for a pot back into 103 to get short, or I will watch for it to crack under 100 and then look to join the trend.
Yes, Starbucks made the list again. Womp womp womp. there’s actually two ideas. Here one is a swing trade and there’s also a way I would day-trade this. The swing trade is illustrated by the red and green shaded long scenario that you see on the chart. Make sure you’re comfortable with this being something that could take weeks to months to play out, but I don’t...
This name is set up perfectly for a squeeze. it gapped up big Wednesday morning after reporting positive top-line data in late-stage study of lung cancer combo drug. it inevitably pulled in tons of shorts due to its large gap but the stock held relatively well and even pushed up later in the day. the problem is that shorts see that they will most likely raise...
I don’t usually put stocks that trade less than 2m shares/day on average on my watchlist but this chart is too sexy to pass up. I’ll be looking for a pullback to the annual pivot just below 30 and the monthly pivot at 29.41 as areas of Interest. The only real problem I have with this setup is that it already pushed into the weekly 20sma. Therefore it may find...
After the breach of the upper channel resistance, we pulled back to the 20d/monthly pivot/annual pivot and held beautifully. It has since bounced and actually made a new high over the previous week’s. This is all very constructive for the Bitcoin bulls, but they still face the 200d which is standing directly in front of them. It also just happens to be in the same...
Nasdaq still looking mighty healthy as well. Pull-backs to the 20d constantly find buyers and we still keep making new highs. I do think that flushes to the 20d continue to hold. It may even hold flushes to the annual pivot right by that psychological 15k level. But if we lose 14849, I can very easily see this tumbling down towards the 50d.
This name isn’t there yet, but if it were to continue extending there may eventually be a setup here. Remember, for these setups I need to see things get extreme. This very well may give a reversal from here back towards the 20d, but there's just no way to put a trade on with the kind of conviction that I could if I saw things get silly extreme. So for now just...
This name is really struggling to reclaim the 200d and now has the 20d about to cross underneath the 200d. Not to mention that this etf is compiled of a TON of names that individually would fit perfectly on this section of the Sunday Prep. Will be watching this week to see if it stuffs the 200d and then will be looking for lower highs to join trend. If it just...
Thinking if this can speed up down towards 37 level I would be a buyer for a bounce. Keep in mind, this is weak due to looming lockdown possibilities from Covid resurgence.
Umm, hello you fine fine lady. So far pulled right back into levels mentioned last week in the Prep. Hoping we can actually get down a little bit closer to 266ish, but if this is all she wants to pullback then I have no problem watching for higher lows intraday and try to join trend.
Can’t argue with those big green candles and the volume to boot! Thinking if we get any retest of the breakout area/psychological 100 level, it’s going to provide a great area for a high probability long.
Love how this name has created a big curling look off the lows and is starting to show signs of strength. Would look for any pullback to that 40 level to show support and get long. If that area doesn’t hold and we somehow make our way down towards the 20d, I would be VERY interested in the name and may even throw some in my longer term account. But remember, for...
Well, she’s trying to break north of her base. Nothing has happened convincingly yet, but that can change at any moment. First level of resistance will be the shove into the underside of that weekly 20sma. That very well could smack it right back down into the sideways channel. If instead holds the old resistance as support, it may be gearing up for a bigger move...
Everything still looking healthy heading into August. Support for me will be the 20d/monthly pivot 4350ish area, followed by the 50d/annual pivot 4275ish area. 4500 is the first area I see as possible resistance.
Let the monthly chart keep you objective about where we are in the bigger picture. Things can’t go straight up forever. Don’t think for a second that...
