ClearCutTrading

ClearCutTrading

GME just touched the 50% retracement support level at $190. Buying here and selling also $190 puts expiring March 19.

ClearCutTrading

DOT breaking out of its textbook triangle wedge. It is in a daily squeeze as well and I'm looking for it to fire soon. Looking for new highs, at least reaching $46 - $52 in the short term.

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BTC is showing an inverse head and shoulders pattern after testing the 50% retracement long. Very bullish if the price breaks above the the neckline. This would take us to a projected move to around $60k

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SBE is setting up for a continuation of the rally after consolidating for a few months. - The 50 day SMA (green line) is acting as support - Stock is in a daily squeeze after consolidating for a month and could fire anytime - Bullish pennant pattern shows potential for a break out to continue the rally Trade: - Buy around $39-$40. - PT1: $53.68 (1.272 fib...

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CRNT hit the textbook 50% fib retracement buy zone. Because it is a pretty volatile stock, I like to use the 78.6% retracement as the stop loss to give the trade more room to be right. That would mean putting on a smaller position to take on the added risk from a wider stop. NOTE: Earnings are soon, so be careful if you are going to take this setup - Stock is at...

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Dogecoin has consolidated after testing the 50% fib retracement. Now it is looking bullish. It has a daily squeeze setting up (red dots) and I'm looking for it to fire (turn green) which would mean a breakout from the consolidation phase. Trade setup: Buy at $0.051 Stop loss: $0.038 PT1: $0.085 (prior high, sell 1/4 of position) PT 2: $0.10 (1.272 extension,...

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UWMC popped in sympathy with RKT and then dropped with RKT as well. It is now sitting at the 50% retracement which is a great buying opportunity. Loading up here. Bullish Thesis: Insider Director just bought 60,000 shares on 3/1/2021 P/E ratio of around 5 is extremely low compared to the rest of the market Earnings coming March 22 It pays a 4% annual dividend. Ex...

ClearCutTrading Updated 

BTCUSD dipped to the 50% retracement area at $29,000, and has consolidated for about a month. Although it has gone up since that bounce already, it has formed a nice base and is in a textbook squeeze (red dots on bottom indicator), and the squeeze is looking like it is going to fire long (dots turn green) and continue the uptrend. The MACD is also turning up and...

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BCHUSD has consolidated for the better part of 2020 on both the weekly and monthly charts. Given the broad crypto market rally with BTCUSD leading the way, I think it's a good time to pick up some Bitcoin Cash as it is one of the few cryptocurrencies that have not taken off quite yet. The weekly squeeze is firing, which typically indicates a price breakout and end...

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Stock has consolidated for a long time, and on the monthly chart, there is a nice squeeze (see SQZMOM indcator), similar to the ones that formed in 2012 and 2016. The breakouts in 2012 and 2016 led to pretty healthy runs. Looking for something similar here, but I don't expect the rally to last as long as the prior years because the squeeze is shorter (shorter...

ClearCutTrading Updated 

I don't post on bitcoin very much and I don't intend to start, but all I see people focusing on right now are the short term charts trying to time or call small short term moves. The honest truth is, the easy 400% move is probably done. The money to be made was between March and June. If you don't currently hold any bitcoin from the lower price levels, trying to...

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Pattern: Bullish breakout of inverse Head and Shoulders Edge: No outside edge since this stock just IPO'd a few weeks ago. We are just trading the pattern. Risk Management: Bought at $62.92. Stop below $58.52 (below the 20 day moving average). PT1 is $73, PT2 is $78 (gap fill), then open target for the remainder of the shares.

ClearCutTrading Updated 

Pattern: $84-$90 support has proven itself a multiple times. Stock is in a medium term consolidation pattern between $85 to $130 range. Edge: Buying so close to or right at support gives us a great reward to risk ratio. If the stock breaks below support, we are stopped out for a small loss, but if support is protected again, we have more higher upside. Risk...

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Pattern: Continuation wedge formation Edge: There was some small insider buying in December, but nothing really material and it was at a much lower price. This is more of a textbook trade on a wedge pattern with a favorable risk to reward ratio. Risk Management: Entry price at $1.45 on intraday wedge breakout, but it didn't close above the wedge...

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Pattern: Bullish breakout of downward channel resistance line. Edge: Insiders have heavily been buying the $8.50 to $9.80 price area. Money flow has been divergent and has gone above zero line showing bullishness. Volume bars are much higher on green days than red days. We are buying in hopes of catching the early parts of a reversal rally. Risk Management:...

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Pattern: Rising Triangle textbook breakout of resistance Edge: There is bullish divergence in the money flow and it is breaking above the zero line. The "squeeze" indicator is firing today (red dots turn to green), which shows an expansion in volitily and indicates that price may start to move more drastically. It is firing "long" as the histogram is above zero...

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Pattern: Potential H&S pattern forming. We are currently at the right shoulder. Edge: Insiders have sold a lot of this stock around the $30s - $40s. Risk Management: Entered at near the right shoulder, which gives us an extremely good reward to risk ratio - almost 4:1 for PT1 and 8:1 for PT2. Entered short sale at $34.33 with stop loss at $35.85. PT1 is $28.50...

ClearCutTrading Updated 

Pattern: PFE broke out to the long side of the wedge on pretty decent volume. Edge: The stock was in a squeeze (red dots in the Squeeze indcator) and the squeeze fired (green) the same day it broke out of the wedge. Healthcare stocks have been strong in this weak market, so we are looking for continued strength if the market stays weak, and even bigger strength...