About meActive swing trader and investor of 3 years. Purely use technical analysis and risk management to determine entry and exit of every trade. The market is a sweet dance and I love every minute of it!
REGI, has recently bounced off lows and has formed a bullish morning star candlestick pattern on its weekly chart. Funneling that down to the daily and 4 hr chart, it is completing a round up pattern to $17.25 range for a 7-8%
NOW has retested its old breakout level of $275. If it can hold a green candle but the close we can see a retest of the high at $293 with a potential stretch even higher. Retests give a second opportunity to get into stock after a breakout and give the momentum to go above the old breakout high.
NTAP is now testing resistance before the gap in its daily chart. As most gaps fill and it has tested this level several times over the past couple weeks, I believe it will close the gap for a 6% profit potential
OKTA has set up a nice flag pattern. On this 2 hr chart it is within flag range, but on the daily its looking like it will breakout by tomorrow or the day after. Decided to enter a tad early as the cloud sector as a whole looks bullish and this ticker has the stronger setup within the sector. Looking for a quick move up of 4-5% which can happen within a day or...
WMT has just hit its all time high. Usually after the first test of an all time high especially since it hasn't seen this price since 1.5 years ago, there is an oversupply which will cause selling off the high. Looking to see a slight retracement back to the old resistance but now level of support at the $106 range. A quick 3.5% bounce back until WMT can...
SPY is completing its formation of the cup and handle. It's about 1% off of its all time highs. If it can breakout of the resistance after completing the cup and handle formation, this can have trajectory to $310-315 range as a profit target. This is about a $20 move upward which is 1/3 of the range when forming the cup and the full range of the handle. I'll...
UBER is looking like its about to breakout of its ascending triangle pattern. It has now tested the $45 range four times. It may bounce around within the triangle a bit, but once it breaks i'm looking for a profit target at $48. This is about $3 breakout which is 1/3 of the range it has been when forming the ascending triangle.
MRVL is completing its round up pattern within its handle formation in "Cup and Handle" pattern on daily chart. This is a potential breakout as it has tested this resistance 4+ times. I believe it will reach old time highs of $25.75 as it completes its handle in its round up pattern. At this level there could be more room for a bigger breakout to the $27-28 level.
C is on its 4th test of resistance, with its moving averages kissing up right underneath its price as support. Its also forming a round up pattern within its breakout making it that much more powerful. I'm looking for it to breakout and complete its round up symmetric pattern at $71 for 5% move to the upside.
TW is forming a round down pattern in its daily chart. With the first completion of the symmetry at $41, but I think it has a bigger move down towards $38.5 that completes the full scope of the round down pattern.
TME is forming a round up pattern with increasing volume. Looking for it to run up to $15 before it hits resistance before the gap in its chart. At the $15 level I would expect a slight retracement and further run up to $15.75 to fill the gap.
WFC has developed a head and shoulders pattern on its weekly chart. Each shoulder has made up 1/3 the range ($6) of the head, which is typical. Typically if this breaks down out of the head and shoulders pattern, we can look for 1/3 range to the downside which would put us in resistance right around the $41 to $39 range.
NEWR has formed a double top pattern with a retest of the head in the third triangle. This indicates the buyers couldn't rally the stock back to the highs. It has now tested 200 day moving average 6 times, this time i believe it will break and head further down towards $90 range for a 5-6% gain.
YETI looks as though its forming a rounding pattern. This can hit the target up to $27.50-28 for 5-7% profit, until it reaches upward resistance. But it does have the potential to go up towards $29 until it may retrace more
Plan is pushing extreme levels to the upside. Its on its 5th up day and its gone a little to parabolic to the upside, almost in a straight line. Its in overbought territory and already well overextended on its bollinger bands. I think its going to need a breather for a day or two with a nice pullback to $45 level. Once it pulls back, I will exit trade because...
NTAP has just approached resistance in its daily chart as it closes in on the gap made in its chart a couple weeks ago. I'm looking for this gap to be closed in its chart over the next week for a 5% gain.