Here's one for the watch list. I missed the break of the downtrend trade and I will not chase. I like ServiceNow as a company and the growth expected in the future. I am looking for this to pullback and create a handle on the latest cup formation. That would create a much needed shake-out of weak hands so the stock would be able to advance further with little...
Beside breaking out here, this ETF is an inflation play. I encourage you to "Google" the symbol and check out it's holdings. As with all my ideas, I am not making any recommendation to buy or sell. Please do your own due diligence.
$BYND seems to be recovering well form a steep decline. I like how it's building the right side of chart. This is very constructive action. I have set an alert on the horizontal line. If/ when it get over that I'll be looking for a logical entry with well defined risk. I have made notations on the chart of what information is important to me. All TBD. Ideas, not...
Looks like $ARKK may be ready for a nice move higher. As you may know ARKK invests in high beta stocks so it can and does move quickly. I show it broke out of a Darvas Box a couple days ago. Today it reclaimed the 200 SMA and all the shorter term moving averages are pointing up and are just under price. This should (TBD) help lift this ETF higher. You can see my...
I have been watching $SMH since it broke the short term downtrend. It has now moved up to breakout of the top range of the Darvas Box. I'll put my stop just below yesterday's low. The whole of chip sector seems to be perking up. This is a great way to play them without individual stock risk. Ideas, not investing / trading advice.
This idea was presented to me by my good friend @JohnMuchow here on TradingView and twitter. Looks like we have a cup w/o handle formation. The ideal here is that the handle forms on the pattern which will give a shake-out to the weaker hands and allow the stock to continue to march up. In absence of that I'd look for a close something over the $100.00 mark. I...
$CLPT looks to be breaking out pre-market on news that it's medical delivery system is being used in a new clinical trial. News here: t.co I do not yet have a position, I will be watching after the open today to see the reaction. Warning, this is a bio-tech stock and can be very volatile. Just thought I'd bring it to your attention. ClearPoint Neuro, Inc....
$SE BofA upgrades to BUY with $340 price target! This looks actionable now however, I want to wait a bit until it moves up over the $278 area. I'm hopeful that once above that area it will become support vs resistance. All TBD. I have an alert set at $278.10. I have made a number of notations on the chart that are important to my "building a case" for going long....
Notice the note on the chart at breakout. I have had a small position in this from just after the IPO, I like Duckhorn wines. It's finally paying off. I'd like to build this into a full position but I'll wait to see if it will consolidate above or near the base breakout. I think this can be a long term leader for years to come. But, that's only an opinion. With...
Looks like $AMAT is putting in some very constructive action right around this area of support / resistance (vertical line). I have an alert just over the recent daily high at $140.95. I'll look to open a 1/2 position at that point with a stop just under the area of new support. I like this type of entry as I'll know very quickly if the idea works or not. If not,...
Interested in sharing your car for profit? This may be the company. I am looking at the weekly chart here as it seems more relevant in it's price movements. It looks like we are currently in a flagging pattern as pointed out on the chart. The daily looks too messy to get a clear view but this weekly looks very strong to me. I have made what I think are important...
This defense contractor may be ready to move to new high ground. I have made pertinent comments on the chart. If you were to pull up a weekly chart, you'd see that this formation is either the formation of a 1st stage base on base or a second stage base setting up. What does that mean? There is a better than normal chance that this stock still has a big move in...
$SNOW I've opened a position in SNOW as it consolidates here. I have made notations on the chart for the reasons I'm in. I am in this one early for 2 reasons; 1. Many of the break-outs lately have failed so I want to be early and if a break-out fails I should be able to get out with a small profit. 2. It is very easy to define my downside risk here, which is...
$LESL Was brought to my attention on investors.com. It was featured as stock of the day on May 2 and is expected to far well post pandemic due to the large number of pools built during the lock-downs. Leslie Pools have been in business for over 50 years and have a solid track record. Since this was not on my radar I missed what I like to use as an early entry...
Looks to me that one can make an argument for either or both a cup with handle or bull flag formation on $CDNA. I've had my eye on this one for awhile and simply never pulled the trigger. Now it looks to be setting up to break-out of this formation. I'll be looking for an early entry once the price closes above the handle or flag formation. As the economy opens I...
I missed the big break-out after earnings. But as you can see on this weekly chart it is now forming a bull flag or pennant (notice the big flag pole) depending on how you want to draw it. Regardless. When this broke out it busted thru a 17 year downtrend! Talk about change in character... I'm looking for this to maybe consolidate for a few more days and then...
$BA I opened a starter position today in $BA after a small pullback from a stellar week. Looking at this weekly chart you can see that Boeing has been making higher highs and higher lows. I expect this to continue something along the lines as I've drawn on the chart. All TBD. I have also drawn what I think could be significant resistance areas as it moves higher....
Looks like Gold is trying to breakout of a Cup with Handle formation. Only time will tell. $PHYS seems to follow real gold better than $GLD. As you can see on the chart I am long small sized position. I'm looking for this to break-out in the coming days/weeks and if it does, I plan on adding. All TBD. Ideas, not investing / trading advice.