Elpidaldo

Elpidaldo Pro

SHOP (Shopify) has dropped 70% since November 2021. Yes we can drop more. However I like the risk reward ratio here as the price is now sitting on a trend line (in green) connecting the lows of Nov 2019, March 2020 and March 2022. The weekly RSI is slightly oversold and we're starting to see a bullish divergence . Bonds are bouncing already, which...

Elpidaldo Pro

TLT (20+ Years Treasury Bond ETF) Huge drop since January 2022. If you connect all the big lows since 2013 and draw a line you will notice that TLT is now sitting on a huge support and has starting to bounce off the 119 level (Green line). RSI weekly and daily oversold. Let's see if we can get a decent bounce. I'm long April 29 call. We can target 125,...

Elpidaldo Pro

DDS , Dillard's (Department stores). I like the break of that 292 resistance (the flat of the ICHIMOKU cloud). Just got long for a swing trade. My first target is 319, which is the flat line of the upper cloud. My second target is around 339, to close the gap of November 2021. My stop is under today's candle, around 290. Trade safe.

Elpidaldo Pro

LPI (Laredo Petroleum Inc), an independent energy company (oil and gas). Huge consolidation within a big wedge . Weekly chart with price above Ichimoku cloud , which means the trend is positive. A break of 90 could be the signal of a strong uptrend , with a 1st resistance at 100. The move could target anywhere between 146 and 208. Analysts target: 124 Trade safe.

Elpidaldo Pro

ArcelorMittal, one of the major steel producers. This is the weekly chart. After a big double bottom , MT is back at historical resistance around 30-31. I would watch that level and enter a long swing trade if it breaks 31. First target would be 40. Most analysts rate this as a buy with a target at 50. Trade safe.

Elpidaldo Pro

KRN (Karnalyte Resources) Agriculture and fertilisers are hot industries now. The chart is really overbought but I like this bull flag and will be looking for a break out of the flag for a short term trade. If the pattern is confirmed, 1st target is 1.36, 2nd target is 2.17/2.34 Initial stop loss at 0.93, then raise it accordingly. Trade safe!

Elpidaldo Pro

TX (Ternium SA), a steel producer. Hot sector now. Nice flag on weekly. Watch for a break of 45 for a potential swing trade to 56.70. I would not enter unless it breaks out of the channel or maybe if it tests 42 again. Stop loss at 41.50 Trade safe.

Elpidaldo Pro

TAP (Molson Coors), a beverage company. Good value stock. Sector: consumer defensive It's forming a beautiful arc . Can we complete it and reach USD 61? Risk/Reward is good here as you can put a stop just below 52. I'm in for a swing. Trade safe!

Elpidaldo Pro

IRNT : The chart of this cyber security play does not look bad at all. We have a long base forming after a gap down in December. Some can see a cup and handle, not perfect though. I like it if it breaks 4.9 for a swing trade to 6.36, then maybe 10. Stop loss at 4.20. The sector/theme is hot right now... Trade safe.

Elpidaldo Pro

AVGO : I like the setup here with a well-defined risk . Nice sort of ascending triangle that started forming in January. Strong support of the ichimoku cloud at 596. Can we break 610.40 and push to the previous high at 678 in the next few weeks? No one knows. But the risk vs reward ratio is good, as you can set your stop for a 3% max loss (below 596) and...

Elpidaldo Pro

CRK Comstock Resources, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of oil and natural gas primarily in North Louisiana and East Texas, the United States. The Russian invasion of Ukraine has brought some tensions in international markets. With Russia being a major source of natural gas , oil, raw...

Elpidaldo Pro

Wheaton Precious Metals Corp ., a mining company, primarily sells precious metals in Canada and internationally. The company sells gold, silver, palladium, and cobalt deposits. It has agreements for 24 operating mining assets and 7 development stage projects. The Russian invasion of Ukraine has brought some tensions in international markets. With Russia being a...

Elpidaldo Pro

The gap from October 2021 between 436 and 438 has not been filled yet. Will the market ignore this gap and go back up or are we going to fill it? If we fill it, is that the end of the correction? Lots of questions remain...

Elpidaldo Pro

FTCH : A lot of tech charts look similar. - big zone of support -resistance here as you can see on the chart - Demark sequential 9 weekly Again, we're going against the trend but I like the risk vs reward for a long swing trade here, cuz I can have my stop loss not too far. Trade safe!

Elpidaldo Pro

ROKU: Weekly chart currently sitting on the 200ma . At historical support -resistance zone. Demark Sequential Buy 9 daily. RSI a bit oversold on weekly. Bullish divergence on daily. Are we bouncing here or do we keep going down? Whatever is it, I like the good risk vs reward long entry here. You might argue that we're going against the trend and you're...

Elpidaldo Pro

TDOC : One of Cathie Wood's big holdings. After being totally destroyed TDOC stock is showing some positive signs of a reversal : 1. Hammer candle on daily (which will have to be confirmed by one or two more candles, i.e. follow through). 2. Bullish divergence RSI-PRICE 3. Price just below historical support-resistance zone . I don't like that fact that...

Elpidaldo Pro

DKNG : Some pros and cons to play a potential bounce. --Big Wyckoff distribution on weekly and daily. ++ Hammer candlestick on weekly (indicating bullish reversal if next candle confirms it, i.e.we get follow through) ++ Bullish RSI divergence on daily (that you can't see on my weekly chart) Since I like the set up I will look for an entry today, but only...

Elpidaldo Pro

PUBM : Growth stock. Bounce candidate. Why? 1. We retraced 78% of the move that started in October. This level is good to initiate a long trade because it allows you to place a stop loss not too far below the line. 2. Demark Sequential is on a 9 daily . (More details below on Demark indicators) 3. RSI is low and at a level where we have seen substantial...