Rationale: Funds will, at some point, buy up a bunch of cheap tech. We're also approaching the bottom of a hefty support zone. I want to ride next round of funds buying big tech. The volume profile indicates there is a historical december area supply level in and around the 124 and 122 area of this ascending channel.
Rationale: Pros: It's Palantir. They have a bright future. ARKW just loaded, so people smarter then me are bullish on the stock. This amazing ascending parallel channel is governing the ascent. The priced closed at the bottom of that channel, and the next serious supply zone is 29. It's time to get in. Cons: Lockout period ending up in February/March...
Pros: AMC is trading near historic lows on a medium term volume shelf. Upward pressure as vaccine rollout continues and anticipation for theatres reopening starts to build, will probably push it towards the next volume shelf above. Cons: Company is currently in a cash crunch. Longer term play, may take 2 - 3 months to hit $4. Notes You could also scalp to...
Rationale: - Green energy stocks will have upward pressure given the current political and economic climate. - Options flow is highly bullish - 23 has been acting as a key level ever since the gap down in December - Price is currently sitting on a large volume shelf anchored to September, a large amount of demand historically in this region - Price recently...
Rationale Tech is cheap, funds will be looking for bargains. Entry would be at mid term Sept support, shot term volume shelf. Volume has increased considerably in the last few days. FB earnings at the end of the month Calls dominate options open interest for the next few weeks When the market was selling off on Friday, FB stayed green for the day, indicating...
Gotta love this giant ascending channel for the S&P 500. It's curious to note, this behavior has been consistent since TSLA inclusion.
EURUSD has been trading in this channel for awhile. It has now broken out and bounced off the 1.21 area volume shelf. It's time to see if this is a false breakout, or a sign of a weaker US dollar and higher equities prices. I'm thinking a retracement to 1.205 area (top of the channel) before heading back up to the 1.21 area volume shelf.
Valid: January 19th, 2020 Rationale: Funds will, at some point, buy up a bunch of cheap tech. We're also approaching the bottom of long term support. I want to scalp the next round of funds buying big tech. There is a historical shorter term demand/supply gap between 214 and 217. Entry Rules 5 minute close above entry point, indicates positive...
Assuming my entry breaks with volume, and the market is in good shape. I intend on scalping GOOGL from 1754 to 1738. Valid only for January 14th.
Volume shelf analysis helps us find where buyers and sellers are. A $PLTR volume analysis anchored to december revealed a volume shelf at around 27.00 price point, this was in alignment with a minor key level. As the broke upwards today, it hit a wall of sellers at 27.00 and the price rapidly collapsed. This bounce exhausted some supply, so the next time we visit...
MSFT is hovering at both the 15 minute 200 MA, and the recent strong 216.5 resistance/support level for the past two months. A break here should see a run to 220 where there is bound to be serious resistance. I plan on entering this trade for January 14th, assuming the entry point breaks with reasonable volume and the market is doing well.
I'm looking to scalp NVDA towards 555, if it breaks 544 with volume and the market is in good shape. Valid for January 14th, 2021.
JMIA is has trading inside this amazing ascending channel on the daily & 4hr for awhile now. It's approaching the bottom of the channel, representing a great entry for a play towards 50. SL below 41 invalidates the channel.
Typical gap fill play, although i'm late to posting this, I entered at 23.00. You could wait for a retest of 23 or shoot for the gap fill.
Salesforce has yet to fill the gap caused by the Slack buyout news. My original plan was to play the breakout at 229, but the recent dip has turned that into a short term profit target with a break of 223. Swing traders can buy now and aim for 223 on a medium or long term timeframe.
Some resistance at 217 that if it breaks, i'll take some calls toward 225.
Decided to chart ES1! (SPY), and identified a parallel channel on the daily chart. There's some major resistance at 368.
There's a huge resistance line at 1113. I intend on going long above 1113 and take partial profit around 1142, the previous ATH. I'll likley leave some runners to aim for 1200.