- MMM is setting up with one of the best buying opportunities for the past decade on this amazing growth stock
- Running into golden pocket and the 200 MA on the monthly time frame is a recipe for success in this market
- Considering that 3M is a growth stock, this provides ample risk-reward down at these prices
- Rocks a solid 4.61% dividend yield at these...
- Disney setting up with a nice falling wedge here! Considering how nicely it has been flagging, we are expecting continued upside going into the next couple of weeks
- Holding the bottom support line and 0.5 retrace quite nicely today
- We are in ITM calls for a bounce
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- TLT is looking very bullish here after a successful hold of the gap. After printing quite a bullish candle and a triple bottom, TLT is poised to break to the upside here
- Micro falling wedges are extremely powerful in the short term. In the scenario that TLT starts to break 137 and it holds that level, then we believe TLT could see significantly...
- Onconova Therapeutics is an interesting name in the penny world. From being named "one of hedge funds favorite stocks" to "companies apparently not being long anymore", this name stands out to me a lot.
- This stock is clearly forming a bull pole bull flag pattern here. The technical measured move is around ~$0.60 or so, which gives this stock a...
- This is an update from our previous trade idea with the weekly falling wedge!
- We are still extremely bullish, and this ascending triangle (uptrend line outlined in green) could push us above the $31 resistance finally!
- Short term price target would be around $33 since that's the next major resistance
- Keep an eye on this pattern closely, we have a feeling...
- MCD is looking like its coming to the apex of a massive squeeze here very soon
- This breakout could be played either way, although at the moment it is favoring the downside considering MCD is testing a gigantic down-trending channel
- On the micro time frame, MACD is coiling in what looks to be an ascending triangle pattern (uptrend line = green)
- Technically, TGT looks good for bullish continuation going into the next couple of weeks. Ascending triangles are usually strong bullish patterns that explode to the upside and we think this pattern could take us to new ATH's for the stock
- In terms of options pricing, most of the money today was in calls with almost a 3:1 ratio of calls to puts
- After recently testing the golden pocket of the first major impulse wave, DDOG continues to look bullish going into the new year (Algo target from the golden pocket is technically the 0.236 at ~$48)
- Fundamentally, DDOG recently partnered with Microsoft Azure to create easier access to their cloud-based systems. Obviously, this is a huge deal for...
- Fundamentally, $UBER looks good going into 2020 and 2021 due to their recent profitability announcement
- Down ~25% or so since IPO back in May
- The falling wedge just broke today on a market that continues to get pushed up on trade optimism, if the market does start to pullback it will be interesting to see if $UBER diverges against the market
WATCH FOR BREAKOUT!!!
-Longer Term Targets: 0.01494-0.01612 Region
My Reasons for Entering This Trade:
- RSI is oversold on the daily, currently at around 35
- Stoch RSI is slowly approaching buy zone on the daily
- Volume is decreasing, which points toward a large move either down or up in the near future