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Momentum & Breakout Trader Since 2006 | Influenced by Mark Minervini VCP Trading Style & William O'Neil CANSLIM | Clean Charts Focusing on Price & Volume ✔ Follow me on Twitter @taplot for trade updates. ✔ YouTube ttps://www.youtube.com/@taplot
Very torn on NASDAQ:TSLA
No doubt a stock I would love to participate in.
Setting a tight low risk entry here BUT if you flip to the weekly, the wide range outside week on volume sticks like a soar thumb.
+ 200 MA just hardly flatting out
+ an earning gap down just above (=potential supply).
What do you think? Yay or Nay?
I bought NASDAQ:PGNY last wed on this pullback by setup (blue dash entry).
It now setup another potential entry to size up with cup with handle base.
4 days to earnings makes it a tough trade to add to or initiate. But looks good.
NASDAQ:MNDY also failed breakout reset setup.
Attempted to breakout on the 17th and failed back to its rising 50 MA.
OBV holding close to is recent highs and U/D holding above 2. Not much selling going on while this tries to build up energy for its next thrust higher.
NASDAQ:MDB looking like a failed breakout rest setup heading into early next week.
Volume pattern since earning powered gap up has been exceptional increasing the odds of the stock continuing its march into higher grounds.
NYSE:PLTR setting a pullback buy setup in its #powerplay pattern but that long upper shadow doji like shooting star on the weekly is sticking out like s soar thump.
I would rather see this push down and test its 50 MA and building a new larger base.
NYSE:SHOP been very choppy in this area but tested 50 MA couple weeks back and had a strong 4 day bounce to new highs.
The stock has now pulled back to the 21 EMA and has the looks of a pullback buy setup.