Hey guys, It's been a while since my last post. CANN is having a hard time breaking this top trend line, but it is also having a hard time breaking through the floor of the bottom trend line. I would place a trade on this soon, or you could wait until we either A.) Breakout from the top line, or B.) Bounce off the bottom trend line with support. If we break...
Hi guys, I have no idea which direction this is headed. I am a bullish guy by nature, so I would speculate an upward push out of this channel. It is pretty inconclusive though. Sorry I don't have better answers right now. Happy trading! - Matt
Hi guys, CANN is looking like a nice buy. It is obviously volatile, and I would use proper risk management if you are going to long this stock. We had a successful bull flag pop and are waiting for this bull pennant to pop out. When it does pop, it will most likely shoot up quickly. Keep an eye on CANN. Happy trading!
Hi guys, I haven't posted in a long time. A friend asked me to chart HTBX, and it looks like this is still in a long term down trend. Markets have been taking some hits lately, so trade carefully and make sure you use stop losses. Happy trading! - Matt
Hi guys, DNR is still looking like a decent buy. I am slightly concerned about this entry position, however I feel that if we lower our entry we may not get filled. This stock has some room to run still. We are still making new highs overall as we climb trend mountain. Happy Trading! - Matt
Hi guys, I am not sure where this stock is headed. Due to sentiment being a strong sell, I think we will fail at a breakout of this wedge line. I think we are going to retrace further before we have another retest for a breakout and trend reversal. If we can hold the blue trend line, things may get interesting. Happy trading, - Matt
Hi guys, This is a trade that is pretty risky. The upside is great, but the downside is steep. I would trade about 1/3 of your normal position size on this trade. The stop loss is at a steep 20%. The upside is at a glamorous 90%. Take profits on the way up, and as always, happy trading! - Matt
Hi guys, I think this is going down before it goes up. 4 hour TTM is firing short, and it has just breached below and failed to gain a long term trend line. If you aren't comfortable shorting, I would stay on the side lines. Happy trading! - Matt
Hi guys, This looks like an ascending wedge/bear flag. Earnings report could throw this off in some direction but I am pretty sure we are headed down. You could buy the break down or try to get a short - fill at the top of the wedge. Happy trading! - Matt
Hi guys! Here is some TA on ROKU. It doesn't have much data yet but I believe this is going to keep climbing. We are seeing nice new highs, although I expect a little retrace due to the 4 hour RSI being overbought. I would try and take a fill at the trend line. This seems bullish, so it may not reach the trend line. Time will tell though. We also formed a cup and...
Hi guys, This trade is pure gambling to me. Odds are ever so slightly in your favor, however I would only throw in a small position size you are willing to completely lose. If you are trading too large, you may have a liquidity problem when you try to sell your shares. Also, TTM squeeze is currently firing long. It is possible we may not come back to my entry...
Hi guys, CANN broke out and it looks like we have some major upside potential. The only thing I am not liking is the RSI being oversold on the 4 hour. We might see some short term pull back. Other than that, profit targets are laid out. Happy trading mates! - Matt
Hi guys, I could be a total idiot, but I really think this is going to continue to hold this trend line. Not to mention this daily TTM squeeze could fire long any day now. I moved stop down below some localized support. It will only take us out of the trade if we break downward through the long term trend line. Hope we are deep in the money on this trade! - Matt
Hi guys, just looking at a few small stocks right now. This one looks like it has a decent trend line, I would put a long order in somewhere around trend line. If you want a better entry with less risk, you can play your buy slightly below the trend line to get filled when the makers go stop hunting. If we fail this trend line I would take the loss as it will most...
What's up dudes and dudettes. Just giving an update on this stock. This broke out of the bull flag, just like we thought it would. Check profit targets on the way up. The last target might be a little agressive, but I wouldn't be surprised if we hit it. We took a fill around $3.01, which was a little high but we were feeling the FOMO. Let's keep riding this...
Hi people, Here is where I would get long on BERY. This trend line has not been broken in several months, I am expecting a bounce of this line again. If you want to hold this longer term that would also be acceptable. You could take an entry with a smaller position size, and then if it does indeed bounce of line, add to the position as it goes in the money. If we...
CWH has been diving for a while now. Weekly RSI is nearing oversold. I definitely would not long this stock right now. Atleast not yet. It's still slightly overpriced. I would try to pick it up for between $15 and $17. By this point, RSI on the weekly will be extremely oversold, and we can look for a nice weekly reversal candle bouncing off this supporting trend...
This looks like it could be a nice bounce play off the trend line that has formed. So far it is holding trend line. I would not FOMO into this, but wait for a nice patient fill just above the trend line. Have a tight stop in place incase we break below trend. If we close a daily below the trend, you could probably enter a short in at the trend line.