TrueTraderOfficial

TrueTraderOfficial

Swing Long $CMPS low 34s, will add. Looking for +$4 at least. This name may bounce today (11/10/2021) for +$1 to +$2 but I'm holding for +$4. $CMPS target will be 37 to 39, Im gonna drop the first piece of $CMPS for +$2. Credit: Dan Parker (Pro trader in TrueTrader Pro Chatroom)

TrueTraderOfficial

Will be on watch for pops back to the 20d/quarterly pivot area for a fade.

TrueTraderOfficial

Starting with the monthly chart here to show you just how major of a short trigger this has just hit. The bigger picture target would be the monthly 20sma if you were to want to swing it. But the r:r is terrible since you wouldn’t be wrong until it were to make new ATHs. So then how do you trade it? Thought you’d never ask! The first area I will watch would be...

TrueTraderOfficial

She’s not there yet, but if Monday this can flush hard down to the ATLs, I think it should offer a decent bounce. Keep in mind, I would prefer it to just slam down there. If it just has a constant grind lower then I would most likely scrap the idea unless I saw some definitive higher lows being put in and giving me the ability to have clear risk. If it were to...

TrueTraderOfficial

She’s not there yet, but if Monday this can flush hard down to the ATLs, I think it should offer a decent bounce. Keep in mind, I would prefer it to just slam down there. If it just has a constant grind lower then I would most likely scrap the idea unless I saw some definitive higher lows being put in and giving me the ability to have clear risk. If it were to...

TrueTraderOfficial

Quite the daily candle on Friday. Would look for a retrace back to the monthly pivot at 187.56 for scoops. That level lines up nicely with a TON of the recent daily levels.

TrueTraderOfficial

Over 365.78 is the trigger for me and depending on the action, if we trigger I may just look to join trend that day. But if it wants to just stuff after triggering, I will patiently wait for better entries closer to the 20d with the possibility of keeping some on for a swing. Once triggered the target becomes ATHs for the swing. Obviously needs to trigger first,...

TrueTraderOfficial Updated 

Bitcoin continues to look extremely strong. We are now retesting the major breakdown area from back in May. But we’ve reclaimed the 200d as well as the weekly 20sma and we are continuing to see higher highs and higher lows. Talk all the shit you want to on the crypto space, but one thing that can’t be denied is how well these names follow technical levels/analysis.

TrueTraderOfficial

Crazy strong day on Friday with superb volume behind the move. Would love to see a weak open and a retrace to some key levels for early scoops come Monday. Can clearly see the 72.47 monthly pivot right there and if you look at the intra day price action from Friday you can see that level held multiple times. If that level can’t hold, the 61.8% fib level is going...

TrueTraderOfficial

Tech actually seemed to lag last week in comparison. It had a strong Thursday and Friday, but earlier in the week you can see we came back into the 20d. We have a monthly pivot just ahead up at 15244, but after that, there’s really nothing till quite a bit higher. Obviously we will have some new weekly pivots starting tomorrow, but I hardly give those the same...

TrueTraderOfficial

The S&P had a really nice strong push all week long. Kind of hoping we can get a speed up into that 4500 area for a nice extended look to set up some nice short opps. If that doesn’t happen, I would be watching for retraces back to the 20d/quarterly pivot/4400 psychological level to act as strong support. Below that we still have that 4365 area that will offer...

TrueTraderOfficial

Almost feel like there’s no way to talk about this stock without hurting somebody’s feelings. So I’m sure this is where the video version of this will get a bunch of thumbs down. But this is such a broken chart that any spike off the report should be looked at as a gift to hammer short. My first level of interest is close to 42 where you have the monthly pivot...

TrueTraderOfficial

With Chegg I would look too short a hard spike up into the 96-97 area where you have a quarterly and monthly pivot, or I would look to buy a hard flush down into the low 70s where you have a monthly quarterly and annual pivot all stacked together.

TrueTraderOfficial

This has been such a strong name that I’m looking forward to seeing if it gives good opportunities to get long on some sort of overextended selloff on the numbers. but I get the feeling that even the 20d and the monthly pivot at 78.48 may even be asking too much. We’ll have to see how it reacts to the numbers but I would be willing to scoop longs on any flush to...

TrueTraderOfficial

I’m keeping this one on the list this week but it’s not something I’m in love with as much as I was the last time I had it on this list. The best case scenario for me is that this thing speeds up and actually gets one more push higher to give it a bit more of an extreme look. The other option is for it to make an attempt to take new highs and fail, in essence...

TrueTraderOfficial

Hard to argue the weakness with that big red daily candle after the numbers came out. this name is really just hanging on by a thread. Under 99 and things can get really ugly. so I’ll either be looking for a pot back into 103 to get short, or I will watch for it to crack under 100 and then look to join the trend.

TrueTraderOfficial

Yes, Starbucks made the list again. Womp womp womp. there’s actually two ideas. Here one is a swing trade and there’s also a way I would day-trade this. The swing trade is illustrated by the red and green shaded long scenario that you see on the chart. Make sure you’re comfortable with this being something that could take weeks to months to play out, but I don’t...

TrueTraderOfficial

This name is set up perfectly for a squeeze. it gapped up big Wednesday morning after reporting positive top-line data in late-stage study of lung cancer combo drug. it inevitably pulled in tons of shorts due to its large gap but the stock held relatively well and even pushed up later in the day. the problem is that shorts see that they will most likely raise...