-Watch for the break from this consolidation - easy pennant pattern play we might see some more consolidation on Monday then break out - Gotta plan out all the scenarios possible now this can end up tanking if it breaks down or it can consolidate into a dead cat bounce -BUT volumes looking healthy for next week so I'm in as long as volumes there
We just broke the (9-day moving avg) now we're heading down to the RED (26) which is around $426 -SQQQ AND VIX CALLS are the move bc premiums pay nice and they're cheap -wait for one Green Day so the dummies get faked out and then get into puts that's my gameplan - we are pulling back but we might have some green days but overall were bearish for the upcoming week(s)
So this is the name of the game for short squeezes… I’ve been scoping SXTC 2 months ago and I noticed the massive short float percentage which was at 23% now the short float % is at 5% bc those shorts are getting covered it's only a matter of time for SNDL AND QS TO pop so hold patiently when your playing short squeezes A few key things to look for in this set...
**High Watch Alert** -Getting into some longs this thing squeezing hard AF here's a few things to look at: -massive squeeze on the daily meaning we need to look for long contracts - 15% short float -above $32.05 is the green light for us but I am scaling into long positions. -the bounce can possibly take us to new highs but this needs a little more time to...
-first pennant pattern we got 120% returns on the $1 calls -now we are squeezing even harder -Good thing to notice is that the bearish cloud is starting to get thin (weak) so now were more susceptible to reverse - SHORT FLOAT at 13.7% which is super high allowing it to form a short squeeze -Also we broke the downtrend on the daily so we should start to see...
$SBUX -Another easy play here watch for previous resistance break which will lead us to approach ATH -ATH breaks always go big -beware of possible rejection we can pull back down to the 9-day -wait for an entry and analyze price action as market opens
$MSFT -9-day being heavily respected -came down to retest 9-day and bounced off so now is when we attack -we have candlestick conformation above the 9-day -cloud also increasing in buying pressure so we might see a bit pump soon
$URBN -SIMPLE impulse and correction on the weekly time frame -gotta be patient with this one this is something I am adding to my long term portfolio and letting ride -Once we break resistance that is when we enter
$SQ -Easy gap fill play -watching the 9-day ema break -two best ideas to support bullish movement for next week -we are also trading above the IC cloud so we have clear skies for next week
$FB -Back tracing $FB a couple weeks back we can see that FB is respecting the 9-day (blue line) -Last trading day we closed right above the blue line so the trend is still valid -Look for a big pump Monday now it's looking to continue this trend -Playing the trend
This is a simple and clear trend of an impulse and correction it can be indicated by a triangle and also a flag
Once price breaks pink line which is acting as resistance then it will continue to drop (Swing Trade Opportunity). Let me know what you think about this trade.