This week we need to play conservative and take home whatever we can. Targets are moderate and realistic, and I aim to close positions fast, often before the end of the day. Allocate less than usual capital if you would like an extra layer of safety. The market is uncertain and we want to keep our risk to the minimum. Bullish Pennant broken out after a 3-month...
This week we need to play conservative and take home whatever we can. Targets are moderate and realistic, and I aim to close positions fast, often before the end of the day. Allocate less than usual capital if you would like an extra layer of safety. The market is uncertain and we want to keep our risk to the minimum. Ascending Triangle broken out after a...
This week we need to play conservative and take home whatever we can. Targets are moderate and realistic, and I aim to close positions fast, often before the end of the day. Allocate less than usual capital if you would like an extra layer of safety. The market is uncertain and we want to keep our risk to the minimum. - Breakout past a 3-month correction - RSI +...
The monthly chart on gold is showing that we have created a big doji in an overbought zone. This may be signaling for the sell. Currently, price looks like it's consolidating on a higher time frame. So what I'm waiting to see is will it break the overall bullish trendline for the short, or will it bounce off the 1924.42 zone to continue up into unknown...
Corridor Breakout graduating from a 2-month correction period. Note that vaccine-related news might make or break this trade, this is why I keep the stop loss fairly tight. However, I feel positive given today's news and the upside could be massive. Target price set at a new potential resistance line. - 3-month uptrend followed by a 2 month correction period...
In order to decrease the risk associated with this trade, I strongly recommend waiting for tomorrow's earnings call: I like to play it safe and decrease unnecessary exposure when possible. A negative price reaction to earnings might invalidate this whole trade. Ascending Triangle with clear uptrend Support. Target price set at a new potential resistance...
Ascending Triangle formed into an Uptrend Corridor and new support confirmed multiple times on the 5-min chart on 25th Aug. About the entry, you have two options. Chasing the price entering with a Buy Stop order or waiting for a better entry with a Buy Limit. It comes down to your appetite for risk and current trade situation - I will most likely go ahead with a...
Bullish Pennant formed out of a price correction that interrupted a 5-month uptrend. Positive COVID vaccine news will act in our favor. Target price set at corridor resistance line bounce (May and Jun points). Note that I have set a very tight stop loss (right below today's VWAP) because I have a few trades going on. However, given the upside, you might want to...
This will most likely be a short-term play. Descending Triangle formed after a 4-month rally. Resistance confirmed multiple times yesterday on the 5-min chart. We have two targets, set at a new potential support line. - 1-Month Downtrend - RSI and STOCH below 50 - MACD below Signal Suggested Entry $20.69 Suggested Stop Loss $21.25 Target price $19.61 +...
Clear uptrend Support with a Corridor Breakout forming. Note that we might miss the entry as the price moved to $273.10 pre-market (as we speak) and we are placing a Limit Buy order, rather than chasing momentum. Target price set at a new potential resistance line. - Historical uptrend - RSI + Stoch well above 50 - MACD above Signal. Suggested Entry $267.80...
Corridor Breakout out of a 2-month correction, support confirmed multiple times on the 5 min. Target price set at a new potential resistance line. - Historical uptrend - RSI + Stoch well above 50 - MACD above Signal Suggested Entry $203.08 (Limit) or $205.71 (Stop) Suggested Stop Loss $199.27 Target price $227.91 Note that I tend to adjust stop losses in order...
Ascending Triangle formed into an Uptrend Corridor and new support confirmed multiple times in the past 3 days. For allocation purposes, be mindful that support has been broken on the 20-21th Aug. At the same time, I don't believe this being a reason not to take this trade. Target price set at resistance line bounce. - Historical Uptrend - RSI and STOCH well...
Corridor Breakout out of a 3-month price correction. Moderate possibility to hit the uptrend resistance line. Target price set at resistance line bounce. - 3-Month Uptrend before correction - RSI and STOCH well above 50 - MACD well above Signal Suggested Entry $110.44 Suggested Stop Loss $106.77 Target price $128.15 Note that I tend to adjust stop losses in...
Uptrend Corridor bounce with target price set at resistance bounce. - Strong Uptrend - RSI above / STOCH about to cross 50 - MACD above Signal Suggested Entry $254.57 Suggested Stop Loss $245.26 Target price $297.63 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be...
Ascending Triangle and new support confirmed multiple times in the past 3 days. Target price set at new historical resistance line bounce. - Historical Uptrend - RSI and STOCH above 50 - MACD above Signal Suggested Entry $1592.45 Suggested Stop Loss $1560.3 Target price $1710.71 Note that I tend to adjust stop losses in order to secure profits early and...
Uptrend Support with a Bullish Pennant forming within an uptrend corridor. Target price set at Resistance bounce. - 5-month uptrend - RSI and STOCH above 50 - MACD above Signal Suggested Entry $443.09 Suggested Stop Loss $435.17 Target price $482.50 Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that...
Be careful, this is an earning play. I don't usually trade on earning days, however, I have good reasons to believe that NVDA's call will be positive today. This, however, doesn't necessarily predict a good outcome. Be careful. Bull flag formed, past a corridor breakout. Target price set at new Resistance bounce. - Strong Uptrend - RSI and STOCH above 50 -...
Corridor breakout. New support confirmed multiple times yesterday. Target price set at new Resistance bounce. - 5-month uptrend with a 2-month correction - RSI and STOCH above 50 - MACD above Signal Suggested Entry $12.01 Suggested Stop Loss $11.72 Target price $12.85 Note that I tend to adjust stop losses in order to secure profits early and preserve capital....