alitrader007

alitrader007

Disclaimer: I do not hold any position in AMC, Strongly believe that it is irresponsible to invest in like of AMC or any "meme Stocks" one way or the other I am putting this analysis for those who are curious, may have positions and are panicking! Without any fundamental bias. There are big support at 17.50 - 18.00. Below this level your next support is at...

alitrader007

We are being bombarded by news from a new C-19 Variant. Market has reacted harshly to the news and S&P 500 dropped significantly. It was one of the most volatile black Fridays on the record! However, there are few stocks mostly the shining stars of pandemic that are lucrative to buy right now. I have been obsessed with FLGT. That is evident by just looking at my...

alitrader007 Updated 

I have been following and holding position in FLGT for past few weeks now, while every article here and elsewhere on the web point to FLGT being very bullish (frankly, past 2 weeks I only came cross 1 or 2 twits or post shorting FLGT), investor haven't been able to enjoy any return beyond 120 level. So, what is going on one might ask? FLGT has 2.8B market cap as...

alitrader007 Updated 

I like to write a little story about my stocks picks even though I am sure most of the people don't bother to read them. However, I think every stock has a interesting story behind it as how it got here and where it is going from here. At the end of the day prices are controlled by humans and stocks follow their masters. This week I stumble upon a very...

alitrader007 Updated 

I don't have much followers here but those who have been following my work, know that I don't gamble here and more on cautious, risk evasive side. Having said that lets dive into what is happening in the market: Today we have breach of the golden uptrend in Spy. Last time this trend was challenged I stressed that next time it is touch the odds of bounce back is...

alitrader007 Updated 

Many experienced investors look where most of people are not looking. Looking at TME chart it looks like trash if anything one may want to short it with such downward momentum. While in short term there is gain in shorting TME (At this time there are no good entry and exit point as the price is going through an uncharted territory). If you look at some education...

alitrader007

So far the trend in SPY is intact. However, one is ignorant if they do not see how this market is running on fume. With lower number of 52wks high and week momentum, it is not hard to predict that the drawn trend line is becoming more fragile every time it gets hit. I don't have a crystal ball, (if I had one I would make everyone I know super rich), however it...

alitrader007

DHI has good internals and it is about to break the triple top with much stronger momentum. I have option position in this underlying from a month a go however, if the breakout becomes evident I will long some stocks too. Note: I expect housing market is going to be more volatile than usual in up coming month maybe even up to few years. DHI is not an investment...

alitrader007 Updated 

I really don't know much about the company this analysis is purely technical! The play is very simple here as you can see there are three indicators here that make this stock likable: 1. There has been clear change of trend in the RSI. 2. On back of significant volume two days ago the stock broke through 47.30 level resistance. 3. Clear uptrend with higher...

alitrader007 Updated 

YY is not doing so well. the stock is coming down on weekly bases from FOMO of $145.00 and it is out of mind of investors. Having said that, it has recently broken its mother of all resistance at 75. This stock recently moved from 65 to 70 dollars hitting its 5 and 15 EMAs. The fundamentals are also nothing to write home about. Here is how I am going to play...

alitrader007 Updated 

I have been watching FLGT for months now! I am currently holding some position as well as swinging between the levels. It all started with issuing a put option when the stock was at 130 back in early Feb and it's amazing earning report that picked my interest in this stock. Most importantly it is very interesting how FLGT behaves irrelevant to the market and its...

alitrader007

I really enjoy readding people analysis on individual stocks and market as a whole on here in general. But recently, I have noticed it is going beyond analysis and into becoming offensive or getting offended at each other. Market goes up and it goes down. It's what stock market has been doing since its creation and no one here is obligated to be right! However, I...

alitrader007

Since, I am analyzing some health care stocks, I find it irresponsible to overlook the sector. The market in general has been volatile for past two weeks for now. Also, the news that are coming out are not boosting trader's confidence in the market. We have SEC looking to delist Chinese stocks and late last week one of the hedge funds defaulted on their margin...

alitrader007 Updated 

Well charts usually do not lie, here we have a clear bounce from the lower band of the channel today. I for one believe that at this point market can go either direction. Either this is another end of January or we are in for a further pull back to 350 levels. Either way right now these waters are very hard to navigate. We shall see what Monday brings! However,...

alitrader007 Updated 

FLGT caught shareholders buy surprise when it dropped 20% from 135 level down to 105. Today at early hours of the day it went down to 90 level. A pull back in FLGT was anticipated due to following reasons: For one there is a rotational movement out of Health Care and Tech sectors and there is a net movement into Energy and Financial sector. Not mention the market...

alitrader007 Updated 

BIDU had a great run up past few weeks, very consistent and in-line with the direction of the market. However, I didn't personally consider it an out performer until it broke 285 resistance. Speaking from technical point BIDU broke a major resistance and pulled back into its original upward trend which started since Dec. However, today it failed to break through...