Mid-week check-in 6/13/2024Talking about my mistakes, observations, following rules, being systematic vs discretionary and just generally whatever comes to my mind. I do ramble a lotEditors' picks17:44by BenedekBokor55140
IREN - Full Breakout Now OnLets be real here, most BTC miners look in bad shape and this is a dicey market. Top tier miner MARA you might think is warming up, but I say it is having a dead cat bounce. So perhaps a change of guard is happening and market favour has shifted in favour of IREN. IREN is the clear winner in this area and the only clean chart. Higher time frame contraction pattern has led to a pump. And from there was a lower time frame contraction pattern into a continuing pump. These are both cause building events and now breaking above the top, the sky is the limit of how how this could go. Its not without risk though. If Bitcoin were to wobble then this could have significant downside. But currently Bitcoin looks gentle and stable which is ideal for this pump to continue. Apparently IREN is a big deal in miners. This is apparently the market favourite. Not advice.Longby dRends35Updated 12
AMD - Trading opportunity is almost there!Hello Traders and Investors, today I will take a look at AMD . -------- Explanation of my video analysis: The stock chart of Advanced Micro Devices (AMD) is looking quite interesting at the moment: A couple of months ago AMD broke out of a major symmetrical triangle formation, creating another rally of roughly +100%. But at the moment AMD also already corrected roughly -40% and is approaching a major confluence of support at the $125 level from which we could see another bullish reversal and rally. -------- Keep your long term vision, Philip (BasicTrading)Long02:32by basictradingtvUpdated 6646
TESLA Huge Inverse Head & Shoulders ahead of Musk's $56B vote!Tesla (TSLA) broke today above its 1D MA100 (green trend-line) for the first time in more than 5 months (since January 04) and ahead of Musk's $56 billion today, seems to be completing an Inverse Head and Shoulders (IH&S) pattern. Technically this is a pattern seen in major market bottom's. This time it is being formed within the broader pattern of the Bearish Megaphone. A standard 2.0 Fibonacci extension Target would test the top (Lower Highs trend-line) of that Megaphone, considerably above the 1D MA200 (orange trend-line). As a result, our medium-term Target is $225.00, marginally below the 2.0 Fibonacci extension. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot28
Sellers in SMCISMCI cannot bounce, every time it gaps up, sellers push it down. It is not acting like it did on the way up. Shortby onlytrade2winUpdated 664
XOM “Exxon Mobile”….. forming a possible “Falling Wedge”Exxon mobile, forming a possible falling wedge……Also signaling bullies divergence. With political tensions still remaining an underlying issue and the energy sector performing weaker than the rest of the market over the last few weeks, I believe once the technology say or cools off a lot of money will roll into energy…..Let’s see how this one plays out.Longby Gutta_CEO_6
The Top 3 Stocks To Watch Right NowNow these stocks are very powerful inside this video we discuss the #1 indicator to use on the rocket booster strategy that will help you with understanding trend analysis. Watch this video to learn: Trend analysis The rocket booster strategy The #1 indicator to use to buy or sell stocks Rocket boost this content to learn more. Disclaimer: Trading is risky you will lose money whether you like it or not please learn risk management skills.Long07:23by lubosi2
$GME Idea #Bullish #PennantJust some thoughts on $GME... Thats a nice gap fill n hold for now... Lotta hype, no positions... Do think theres some clear support and resistance forming a pennant... end has shakeout before break out... Watching, waiting, commiserating... Say it ain't so Longby Prophecies_R_UsUpdated 11
3 Reasons Why Meta Is A Good Buy Right NowIts been a challenge to trade of late but dont lose hope you can always find a way as long you have a will... Now yesterday i introduced you to the rocket booster strategy and on top of that i showed you the #1 indicator that i use to know wether a trend is strong enough for you to buy or sell check the references below to learn more Right now meta is performing very well and looks like it will be one the best stocks in 2024, there is a race going on in the tech stocks that you should really take note of this bull market run in the tech stocks is something that happens during market down turns because investors are looking to park their money in businesses that have proof of concept and consumer market value. 3 Reasons Why Meta Is A Good Buy Right Now -1- The price is above the 50 day moving average -2- The price is above the 200 day moving average -3- The trend is very strong **BONUS TIPS*** -4- Look at the ADX what color is above the red line and the blue line? -5- If the green line is above the red line what does this mean? in terms of trend strength? Rocket boost this content to learn more. Disclaimer:Its not as hard as it seems but remember that trading is risky and you will lose money so learn risk managementLongby lubosi117
Next idea for GMEPeople have to hate this market. It rewards patience, and punishes chasing. Here are my new levels for $GME. If you missed the previous calls, we absolutely nailed it. Stay patient.by mandelsc113
DISNEY ARMAGEDDON *SHORT*Considering the companies lack-luster performance with its streaming service, theme parks, and movies how could one expect any long term gains going into a economic downturn? All of their products rely on expendable income and inflation is only set to get worse. DISNEY WILL BE SUB $50 by next summer along with many others trying to skim peoples pockets of vapor like disposable income. Save your bets for more sound investments. The highs of a couple years ago will never be reclaimed.Shortby maui11110
SMCI Short Term Bull with retest of 760 possibleSMCI's price movement today has been overdone. I foresee another pull, but the overall semi-story with NVDA out of water is still good. Without any material macro event, it will retest its all-time highs. However, due to the turning tide in favor of DELL and other integrators gaining traction, it will eventually fall hard. In Simple words, I see a 760 Retest before hitting an all-time high of 1230 but eventually falling back to 600. Hence, this is a nice trade idea only for whoever wants to ride a huge beta in the Options trade. Longby vishalniitUpdated 779
$HLT nice weekly setupHLT has been nicely consolidating for a few months. I think it is ready to make a move to the up side. Great risk vs reward. Longby Hawaii20171
carnival stock This is an investment for two years. Investment funds are expanding their exposure. 240% profit looking for the 50% fibonacci retracement with the return to the mean confluenceLongby SGsauragestion1
$SMCI Breaking outNice pull back for weeks and now breaking out on high volume. Watching for now since already up 16% in a day NASDAQ:SMCI Longby jaganjohn1
PLTR is cooked. down down downGood Afternoon Traders, It was a good run, but NYSE:PLTR is now cooked at the range expected. New high higher than the high that sent price down, retrace levels until support. Not looking for buys till $13 on NYSE:PLTR This is developing all sorts of HTF to LTF bearish divergences for confluence. Updates once it looks like a nice buy presents. Have a nice day.Shortby vregrdedtrdr221
Nvidia is Topping in the Near TermAlthough having reached my target for wave v of 5, we do not have any evidence of a top in place as of today's trading session. In the days or weeks to come I look for a breach of $116 to give us our initial indication we've topped, with confirmation coming with a breach of $106. This would be a long term top. Best to all, ChrisShortby maikisch101037
AAPL SELL!!!AAPL is still way overbought from $220 we should test $200-198 in coming daysShortby ShortSeller767
GPCR alert! Ready...steady...moon! GPCR is showing strong potential with recent movements indicating a bullish trend. If you're eyeing growth opportunities, GPCR could be a valuable addition to your portfolio. 💡 Medium/long-term target: $78 easy Get in early and watch your investment grow! 📈 Recent Performance: GPCR has shown consistent growth, reflecting solid market confidence. Bullish Indicators: Technical analysis reveals bullish patterns, suggesting further upward movement. Market Potential: With advancements in its sector and strategic developments, GPCR is poised for significant growth.Longby pystart1
Industrial stocks in troubleI see DOW is running out of stem. I just bought puts of CAT strike 325 expire July 12. You can just short the stock as well. If the price pulls back to test the 334 resistance I'll buy more puts. The double top also looks very bearish.Shortby ArturoL220
6/13/24 - $ITI - Just watching EPS, no urgency to act6/13/24 :: VROCKSTAR :: NSE:ITI 20x PE, 50% gm... in theory growing mid teens. good zip code (security solutions etc). not an awful valuation. chart looks decent for something of this size. probably super volatile. don't need to own it, have a lot of complicated situation i'm wrangling already and this wouldn't be large/ only a trade and probably a distraction. think they'll beat - but unclear given valuation and capital structure if gets rewarded. i think tape is super rich on risk as well and small caps remain with outflows (still). so i'm biased to like this but see no merit to necking out on this EPS. V PS - I'd point out i like this vs. NASDAQ:AISP (which i wrote up recently) between the two. it's really a battle of picking marginally better co's which is dangerous, tough to do esp just looking at financials. just mentioning if i had to pick one of the two (and i don't) this is theoretically a better one w/ similar end market exposure.by VROCKSTAR0
ABBV - I guess Not late for the Party !! ABBV - 135 level would’ve been ideal entry for long but it’s not too late to join the party. It's just cleared 155 level. Next, gap fill above upto 165. After that, Target 1 : 175 Longby just4tradinUpdated 224
6/13/24 - $ADBE - Too risky to neck out this EPS = sidelined6/13/24 :: VROCKSTAR :: NASDAQ:ADBE purely looking at the #s, this stock should post decent result and maybe see a 5-10% bump. that's in a bubble world where you ignore all the nuances that make this game so difficult. it's one of the "cheaper" larger techs (200 bn) that can throw off 7 bn in FCF which puts yield at 3.5% and in the context of growth/ a sticky product makes it "better than cash". 25x EPS that's growing 10-15% - that's fine - not great - and all else equal still on the pricy side outside of a massive beat (which would reset a lot of things and having this barreling up 20+% - i think a low probability - but worth pointing out). the downside here, though, is the recent change to policy that seems to have users up in arms about Adobe taking control of content you publish to their cloud to train their AI. i bet they could do so much with all this data which is why they're land grabbing for it - but people - especially the core customer base is PISSED. i'd be too. so they're clearly playing catch up in the AI space (which btw is the main reason the last EPS was received so poorly) and if they're going to fight a tough battle on content to keep accelerating this effort... hrm. i'd guess this could weigh on willingness to keep buy/owning a beat and should the results fall in-line and the conf call reflect this key concern... stock is down and we test that $440 level very quickly. all in - if i didn't own it (which i don't) i don't feel the need to play this one. it's software (which generally has no bid - and AI being the culprit - in this case it's at the forefront of concerns). it's not dirt cheap and it's not expensive but growing like a weed. it's sort of in no man's land. i'm planning to buy the dip if it's an outsized >10% or better 15% (which i think is probably lower probability given the co's healthy cash generation golden goose product), and i wouldn't chase upside. if you're holding for the MT... this spot is just fine. you might weather some volatility but overall it's a great leader in it's domain that probably figures things out (which might just involve an apology lol - easier said than done - but still easy). hope it helps V PS - here's what i wrote to myself post last EPS when i considered buying it, for context. 3/15/24 - tough one on this 4Q result which was "solid" but not a big beat + AI concerns that will chip away the interest of the incremental non-flows-based buyer for an outperformance ST. Probably not excess returns until we see another Q - stock not cheap also but does yield about 2.5%-3% FCF at current rates - though if this is a MT/LT concern to AI today, you'll struggle to make this below 2.5%... so stock should still trend to ATH eventually all else equal, but need a better entry, ideally on a macro-related dump that drags it decisively below ST current value. the issue here is a down stock on a goodish print will be the first to be sold, later to be bought on a macro/beta-style dump so just keep an eye out and probably sub $450 closer to $400 ideal to ownby VROCKSTAR3