Let it roll over and get in to the 200MA on the weekly.
If we can get below this entry line, I like it back to previous lows.
I like this gap today for a swing trade. Crushed earnings and I like that strong red candle. If there were a bunch of shorts in there they will be covering.
CVS lowered guidance by almost a buck over the next year. I like this trade set up right here. If it breaks this weekly support it should fall to the 200MA on the monthly chart. But I'm waiting for that weekly break down.
Here are 2 possible exits on todays trade for HD. HD missed earnings, so 2 hard stops are the 100MA on the daily and the 100MA on the weekly. If we blow buy the daily the weekly should be the final stop for the day.
AMZN looks strong for a breakout here. Nice play is buy the weekly call option in or just outside the money today.
Any gap above this line and I'm playing to the 200MA. earnings coming so it reaches I'm out.
Like this gap down.. I'll wait for the first 5 min candle and play the break of that. Since this is a red candle gaping down it could retest then roll over.c Might take a few min to really break down or just head fake and go back up.
If we can gap above this enter line this would be a fantastic gap and trap..
I don't normal like penny stocks, but I like the gap today trapping that high wave from Friday. You can get 2 to 1 on your risk with this stop, so it's not a horrible trade..
Here is my plan.. CAT looks like a gap down today, but I'm looking to get in after it breaks the 126 level. For me that is were it really it traps some people and less likely of a bounce. I have 2 targets and longer term swing trade target. This is the weekly chart that I am using.
Time has come.. Gap down this AM trapping anyone who bought in here. And there will be no one willing to buy after seeing this support broken.. Coming in with both hands at the open to suckle from the teet of TSLA..
This stock is just getting crushed. If we break that pivot it's going lower, to the 100MA on the monthly chart.
I think we gap down tomorrow to the 100 or 200MA on the daily chart. Unless something kray kray comes out on the earnings call. Lots of white candles in a row so people either are going to get trapped a little with a small pull back or we get a huge high wave candle and you can fade trade that. If we gap under the 100MA on the daily chart then it will be a fire sale
If we break this support were going to fall a bit farther here. If you look at the daily chart you will see a huge highway candle and tons of volume.
If we break this strong resistance this could be a money maker...