TheHermitTrader_

TheHermitTrader_

Despite a strong USD, GBPUSD's longer term uptrend remains intact. The recent strength in the USD led to a pullback in GBPUSD back to its 20-week moving average, a dynamic support level that has held up pretty well in recent months.

TheHermitTrader_

$ATAT - young stock, high-volume rallies indicative of institutional accumulation - Been surfing 10/20 DMAs. Reversal candle on Tue

TheHermitTrader_

$BA - Held breakout from range post-CPI on Tue - Still possible to enter closer to $216 pivot

TheHermitTrader_

$SI - Been sharing this for awhile. Something exciting developing in SI - Stock unable to move lower on bad news - High-volume rallies on good news. Recently, Citadel taking 5.5% stake in company - 70% short interest as % of float - Building a mini base after steep downtrend

TheHermitTrader_

$PDD - Tightening in a range above 50 DMA - Inside-day bar on Tue

TheHermitTrader_

$PLL - Sector showing relative strength $AMLI $LAC - Tightening up in a flag pattern, while surfing 10 DMA - On weekly chart, stock has been building multi-month base

TheHermitTrader_

$GOCO - Not actionable just yet, but I like its relative strength, and that it is building a VCP pattern

TheHermitTrader_

$SI - Been stalking this stock for days - Inability to make new lows despite bad news - Consolidating above pivot of mini base. Inside-day bar on Tue

TheHermitTrader_

$MDGL - Big 300% move after successful trials for company's liver disease drug - Been consolidating. Failed to breakout in Jan from tight range - Inside-day bar on Tue, coming after bullish reversal candle on Mon. Potential early entry

TheHermitTrader_

$CTMX - Power-play setup on another Biotech stock - Gapped up on strong volume on news of partnership with Moderna - Been tightening up. Broke above downtrend resistance on Mon. Inside-day bar on Tue

TheHermitTrader_

$SI - Looks unable to go down further, despite investors pulling out funds and missing earnings - BlackRock announced increase in stake in company on 31 Jan - Building mini inverse H&S. Watching for potential breakout. Could be explosive given strength in cryptos #BTC #ETH

TheHermitTrader_

$BHVN - Young biotech stock (IPO-ed in 2022) - Broke out from IPO base back in Jan, and now building a tight pennant - Biotechs $IBB $XBI $LABU are acting right as a sector

TheHermitTrader_

$BBBY - "Short squeezy" name, similar to $CVNA - Strong run-up in January (+350% in 4 days). Pulled back since - Put in 2 consecutive inside-day bars - 10, 20 and 50 DMAs have converged, right above Wednesday's high

TheHermitTrader_

#XAGUSD - Silver has underperformed gold #XAUUSD. It has been building a big flag - Put in a long-tailed bullish reversal candle on Tuesday. Price action likely to have shaken out many longs - Big directional move could come after FOMC

TheHermitTrader_

$BA - Slower name, but building a tight flag while surfing 10 and 20 DMAs

TheHermitTrader_

$RUM - Strong momentum runner (+78% in 2 weeks) - Price surfing the 10 DMA, and tightening up right below the 200 DMA

TheHermitTrader_

$BBBY - Strong momentum runner (+350% in 4 days) - Put in an inside-day bar right at downtrend resistance - 10, 20 and 50 DMAs have converged. Pent-up!

TheHermitTrader_

$SKYX - Tightening up in a range above 10 and 20 DMAs - Strong momentum runner: +170% in 1 month