MPAA pre earnings Long to failureDaily bullish divergence developing on MPAA.
Earnings upcoming on the 11th of June.
Looking for a retest of the failure.
I like the stock.
54M trade ideas
MPAA - Double BottomsDouble Bottom in previous scenario showed bullish results
Current double bottom is yet to continue, but I have bullish hopes
Similar breakout to the first double bottom in the rotated rectangle I am expecting.
Bullish on this Weekly timeframe
(MPAA) Motorcar Parts of America - TA MPAA seems to me right now pretty neutral till few more days. We got a nice wedge chart pattern, we see a drgonfly doji candlestick pattern, the retest fits perfectly to the price zone and the wedge. At 16 June MPAA have earnings reports that I think will drive the price for good or not.
I believe that we will retest and then there are 2 scenerios. First one its we retest and volume will come in and the indicators will appear bullish, and I will definitely go long, and the second scenerio its that we will retest and the price break down the price zone and its will keep consoludate in the wedge. Definitely add to watchlist guys.
#MPAA - Good upsideNASDAQ:MPAA
MOTORCAR PARTS OF AMERICA INC #MPAA
- #MPAA has been trading on a parallel channel since November 2020
- USD 19.50 acted as a good area of support on the last reversal looking type candle
- The RSI is low and has room for an upside
- MACD, slightly below 0, is signalling a reversal
- The first test will be at the 50MA, if #MPAA will manage to seat above further upside can be possible
- We will increase our position at USD 21.70
Entry price USD 21.02
Target price USD 23.44
Stop loss USD 19.00
$MPAA Motorcar Parts Of America Risky Long
Possible earnings trade setup.
Stock has reclaimed the 200ma as support.
50MA is also rising as support.
Major downtrend break possible.
PLEASE GIVE US A LIKE IF YOU FIND OUR CONTENT HELPFUL, THANK YOU.
$MPAA Bullish Golden Cross on Motorcar PartsPossible entry level $21.07 with $24.40 as upside target.
Bullish Golden cross 50&200ma's crossing
Bullish buy signal 7&12ma's crossing
Rising RSI and stoch.
Increasing volume.
Motorcar Parts of America, Inc. engages in manufacturing, remanufacturing, and distribution of automotive parts. Its products include starters, alternators, wheel hub assemblies and bearings, brake master cylinders, brake power boosters, and turbochargers. The company was founded by Mel Marks in 1968 and is headquartered in Torrance, CA.
Dow drops once again #36 (MPAA)Technical Concept: Support becomes Resistance (Red Arrows= Resistance) (Blue Arrows= Support)
I not use sophisticated technical jargon in an attempt to persuade and Impress the reader
I do not use fancy Charts plenty of Indicators, Oscillators, and other stuff, all in a stock chart,
in an effort to impact the reader with my knowledge because I not a guru,
I use a old fashion method, based in Support and Resistance , which does not need elaborate explanations.
I not conceptualize because I can not control the facts, Price Action is a fact
Who I am?
I am End of Day Analyst and Stock Picker, I support myself in Charts, but I not self-proclaimed Technical Analyst Expert
I do not fall into the mistake of comparing and affirm that Technical Analysis is better than Fundamental Analysis .
I am a person without Higher Education, and not have Math Skills.
I am a right brain oriented person and I focus in my strengths, for this reason I use Charts and
I no try to become a Quantitative Trader, since it is a lost cause, in my case.
I dedicated 10 lonely years of deliberate practice and in this process, I eliminated all kind of thoughts.
I open and reset a lot of Demo Accounts for this purpose
I tried and practice with different Markets (Forex, Options and Stocks) with different Time Frames (Intraday, Scalping, Swing/Position).
I tried Mechanical Trading too, But definitely I am Discretionary Analyst or Qualitative, It took me years to know it, and a lot of books.
I've learned by myself, but I do not think I'm smarter than others, “Ego is a sin”
What I do?
I pick Stocks manually I watch one by one without the use of a Stock Screener
I follow approximately 1300 to 1400 Stocks , with different market cap
I have no preference for a particular industry I follow 10 Industries even Public Utilities
I do not follow Penny Stocks and Over-The-Counter stocks
I not follow Stocks with an Avg_Volume bellow 100,000 with (Low Liquidity)
I use a simple method based in Support and Resistance , accompanied with moving averages, and I do a Top down Analysis with multiple time frames
My first view of a Stock is a 10 year Weekly Chart, Then I do a zoom in and I focus in the action of the last 2 or 4 Years, I look my Daily Chart and 4-Hrs Chart too
I understand the concept of Short Selling and spend hours searching this kind of patterns including the weekends.
What I can do for you?
I can put ideas in the desk of Professional Traders, the ideas are based in Price Patterns + Price Action
and they can trade with your own system or set up
My ideas are not influenced by the media or my neighbors
This was my Resume and Cover letter
Sincerely
Alex_Quiroga
