RedKTrader

RedKTrader Updated 

beautiful pattern and a breakout at the end of the day today.. Seems the move up hit some buy stops that were waiting the breakout first target hit, and looks like there's room to move higher. let's keep watching (and holding)

RedKTrader Updated 

our long is in the red - but not by much - so continue to hold. updated with key S/R levels and a possible price projection if the bulls can clear the $75.40 level - preferably before close of market today to show strength let's keep watching this!

RedKTrader Updated 

projection update for the spring breakout move from yesterday. our target is $22.4 if we can hold the $19.8 level and break expected resistance at the $21.0

RedKTrader

i started to watch PINS recently and got to like the price action - the chart says it's ready for a fresh breakout. initiated a long. here are the price levels to watch for the next few weeks the 1hr view looks even more promising

RedKTrader

$190 is the big break -- and if MSFT can get thru that, the 200's will open up. until this happens, we can watch the key supply/demand levels on the chart for me, we're still not at a good entry, unless we want to "scale in" -- but i'll wait a better price let me know your thoughts.

RedKTrader

I initiated a long on INTC a week ago, guess i was too impatient with the lack of action recently. no regrets, as this position is planned to be a buy-and-hold for few months. i like INTC and believe it's one of those value plays - especially with 5G potential - will accumulate if it goes below $56. short-term, i still maintain a 10% upside to the target...

RedKTrader

Initiated a long - possible 10% to 14% upside short term - looking at $88 maybe higher GILD is getting net new committed business (orders) from outside the US market for Remdesivir will feel much better once GILD clears the red zone - a retest into that zone won't be a very good sign.

RedKTrader

Still test-driving my simple VolumeViewer script - which i sometimes use to explore supply / demand levels and balance zones quick check if any one interested to help test that indicator? if there's interest i'll publish it along with explanations & proposed usage.

RedKTrader

clearly the answer to my previous question in the linked post is "yes! they can" :) .. amazing! although i didn't expect it to come back and hit both the same projected target & time - and no i didn't take that trade, i hope someone did .... (with some may or June CALLs)

RedKTrader

AAPL hit 3 consecutive price projections and is currently showing signs of a possible pullback (the fading demand / momenum on BoP and MACD). it's not clear how strong that pullback would be but it will be short term and i'm waiting for a chance for re-entry to the long side :) comment and share thoughts if you agree

RedKTrader

SNAP showing signs of strength - already broke above the 1st range on a backdrop of demand (Volume Viewer) and bullish sentiment (green BoP) getting ready to break the 2nd range and move above $18 ? will come back and add a price projection shortly

RedKTrader

test-driving my new "VolumeViewer" using QCOM - to find key supply / demand balance levels. the key balance levels are found either as the VV crosses 0, or when it changes direction and they usually correspond to S&R levels for the underlying. note: i'm long QCOM and looking for opportunities to add to position.

RedKTrader Updated 

i still like PYPL - and i beleive it was on a growth track to hit the $130 level, which was interrupted when the global / US market got hit by the CV situation - as a business, the fundamentals are still right and sound (don't want to say "strong" - i'm not qualified for that :)), and that's a business that shouldn't much impacted by the ongoing situation, on the...

RedKTrader

Watching TWTR and trying to make a projection based on price structure from recent moves. the projection count shows a possible move of around $8.0 to $8.4 from a baseline at the $22.0 level seems too big of a jump? well, given that SNAP has just excited the market with a 30% move on earnings this week, this scenario with TWTR doesn't look too wild. Note there's a...

RedKTrader Updated 

Updating our ZM projection after the big run - there are 2 possible scenarios, a continuation (upward) and a reversal down after distribution - both explained on the chart. issue is, we still don't have much information to confirm either one or the other - so will need to update later - maybe in a week or 2 after the move reveals itself now ZM had had a big run...

RedKTrader Updated 

and it's already 5% pre-market today. Why? what is the case for such a hyped move? who is buying cars now when most countries are on lock down? who is buying the stock and pumping up that high... ? is all this algo-trading and FOMO's? the big question in my mind, where does it go from here? this is too random to even begin to think of any price projection. any...

RedKTrader Updated 

I know i'm going against my own technical indicators which are showing a move up with some bullishness (though very light) - but my rational is, look at the bars marked 0, 1 and 2, they are fake "buy" bars when they are in reality selling bars. My other reason is, the price movement looks like an old snail going up a slope - it can barely hold it - and the MAs are...

RedKTrader Updated 

let's be careful - there's possibly another move down expected - which if happens, will trap the early longs. end of this week or early next week. in all cases, given the issue with AAPL's manufaturing, supply chain and decreasing demand on devices, we can expect bad news that the market will need to deal with in the upcoming earnings