FCX: Bullish Engulfing on the daily. Price action breaking out of four week consolidation and well formed over key moving averages. Key Levels are identified: 41.70, 43.40. Nice play with time.
FCX Breakout after a sweet consolidation// Beta: 2.06, ATR 1.57
NVDA on watch for breakout; Confirmation >313.87 // BTIG adjusted PT to $375 from $250 and maintains outperform rating.
HUT: Possible intraday bull flag setting up into the close. Running with crypto and the sector as of recent. Earnings is scheduled for 11/11/2021. FOMC meeting tomorrow 11/03/2021 may affect risk appetite of participants. Long is still favorable. KL is marked at 15.02 if price action breaches lower limits of flag // ATR: 1.06, Beta: 2.54
NVDA: Bullish base intraday and potential 3bar formation on Weekly candles. NVDA is set to report on 11/17/2021 with expected growth of 51% and 66% EPS increase for the year.
TSLA: Explosive upside. Clean off the mean and leading the day for consumer cyclicals and respective sector. Catalyst city propelling TSLA to new all time highs: News of a multi year deal with lithium battery contract, opening of charging network for other EVs in Netherlands, and multiple adds to portfolios of major capital firms. TSLA 1200 is a PT reiterated...
COIN Breakout and engulfing bullish on the intraday to lead the open with a new PT by Wedbush to $380 from $300. New price shelves likely with optimization of its monetization model leading into the meat of Q4 and EOY// ATR 13.09, Beta 1.065
MSFT: Breakout on the daily candle. 3Bar play could sustain into the future with the index at all time record highs. MSFT has also surpassed APPL as the world's most valuable public company with a valuation of $2.45T! PT from analysts on 10/28/2021 is $349. ATR: 5.46, Beta 0.83
NVDA: New ATHs, running in lieu of chip shortage. Piper Sandler with a PT raise by 16% to upside. Currently performing with +9.91% for the week, +27.91% for the quarter, and +97.52% for the year. // ATR: 7.03, Beta 1.40
MSFT ER Beauty up >4.50% post Q4 reports. Record highs and a maintain of overweight and raise on PT to $364 from multiple analysts including Morgan Stanley, BofASecurities. Fun ride if you caught this momentum monster.
NVDA Bull Flag continuation pattern after basing at the 204 price shelf since July 2021. This pattern is identified by the flagpole, correction in price generally in sideways action, and finally the anticipated upside break; The hallmark of today's price action. The >3.25% move today found support off the 20day MA and is poised to replicate the move measured from...
UPST Bull Case. Strong price action over 20ma, 50ma; Preserving oscillation in channel from lower deviation. Momentum indicators favorable for auction higher.
AMD: Intraday Bullish Engulfing post gap up on launch of AMD Radeon RX 6600.
Here is a pro-hack that helped me identify and learn candlestick patterns. I used the Spy Daily chart here as an example, but it works for any period and ticker (The longer out the time frame, the better aggregated data can be extrapolated). It's cool to have this resource available when learning to spot them and in the course of training your eye. Using Trading...
NVDA with a +4.33% delta from the lows; Intraday upside with gap fill potential from 205.04 to 206.99. Volume is a key ingredient here alongside watch for divergence. This price is also a past level of resistance where rejection has been observed (also where support has been established 😀) EMA clouds a beauty for participants buying up price action. Could...
SPY: Intraday Bull Flag (continuation pattern) off the 20MA
Imminent death cross on the SPY 4Hr if trend continues. Simple technicals translating price action.
NVDA: Clean off the mean and entering a key accumulation zone // Beta: 1.37, ATR: 6.65