iAmPLEB

iAmPLEB

There are three possible scenarios for this month. Market could form an impulsive wave up, we can range some more, or we go down. Either way, play the range correctly and be on the right side of whatever scenario plays out. BE THE PRICE. Don't try to predict this market, and try to do what price does. If you predict, you have a bias + an emotional attachment to...

iAmPLEB

The pet care industry is forecast to exceed $150 billion by 2025. Of all the competitors, Chewy is in my opinion the most fairly valued at this time. I am already long in this position, and looking to add on a possible drop to or around POC. This is not financial advice. Do not take advice from someone who calls himself Pleb.

iAmPLEB

Poc to price, possible bearish trend line break, maybe double bottom heading in to earnings. Parabolic SAR resistance broken, price boxing in, possible oversold MFI. Could go either way, this is my bullish argument. Don't trade this setup, this is all theoretical.

iAmPLEB

LMT appears to have completed three legs down to a support line, which is in confluence with the 50 day ma. This price action also paints a possible inverse head and shoulders. Could be a possible first leg up for a 3 leg move. Watching for a possible melt up out of the .5-.62 fib level, trend line break for possible leg 2 for a quick buck or two. Don't trade...

iAmPLEB Updated 

Price boxing up on the hourly, possible right shoulder forming a Head and Shoulder candlestick pattern. MFI shows a slightly higher low against falling prices as well. Possible short term bullish entry around 47.50 for me, where I've highlighted possible buying and selling areas based on Volume Profile. If I miss the entry then I'll go with the overall bearish...

iAmPLEB

Possible short entry for FB, due to possible bearish divergence. FB closed with a higher high, against lower momentum, with a nice doji for the day. Looking for a bearish entry somewhere around the $265-$266 price, looking for a target of $256-$250. This is, of course, all theoretical.

iAmPLEB

Weekly momentum building against falling daily prices, bullish divergence. Just a theory here, don't trade what I publish.

iAmPLEB Updated 

DHT could be a long play, looking at historical S/R and RSI.

iAmPLEB

Once again, using support, resistance, and RSI to find a bullish entry for a long play on AMD. I also like the low volume setup as well, with a possible hammer candle forming at possible support. Looking at a stop at target 1 and exit at or near target 2. AMD performed so well for me in April that I would like to revisit this! As always, this is all theoretical....

iAmPLEB

Could be a hammer forming at a possible support on the 4 hr chart, maybe an upward move here. RSI could be lower IMO.

iAmPLEB

I'm too afraid to short anything during this time, so I think I'll wait for this one to enter a range with 146 as support and 168 as resistance . Looking at RSI it may be foolish to buy at this time, with more reward possible to the downside, and considering the overbought market a move down this week could be in the cards. This is all theoretical, of course!