I like the consolidation around the POC over the last few days in SPWR. With CMF going higher, it's tempting to jump in for a breakout. Risk is around $1 with a stop around $16.
This kind of setup is where I like to watch the CMF indicator. NIO is at a long-term high, but has been consolidating for over a week, and CMF is in neutral territory. There's downward pressure from negative news in WKHS and NKLA that can spill over into NIO, so there is a shorting opportunity. But I'm more interested in watching if there's a breakout above the...
Nice little retracement in NASDAQ:NVDA . There's something here for both short-term and longer-term traders. Looking left, almost every dip has been bought, and bought quickly. There is some extra support in both the high and the low 140s, so patience might be rewarded. But if it starts moving up, and CMF starts rising, I'd jump in for a few dollars to the...
DKNG went down -- as expected -- toward the public offering price, and then bounced back from it in the last hour of trading. The stock spent most of October above the short-term volume profile value zone, has seen money flow slowly go up since early September, and looks primed to capture a few points to the upside.
Really liking this setup on a technical basis. PDD has been consolidating for a couple of days, and on both short and longer-term charts, there's a nice CMF divergence. I'd want to see the stock clear and hold just above the short-term POC (let's say, 75.37) before jumping in on the long side. The recent consolidation then provides a tight stop to get out...
Nothing too technical here. FLDM held a big resistance/support level for a couple of days, they have good tech that can play a role in fighting COVID-19 infection rates, and there's a clear exit point around the short-term POC to jump ship without risking too much. Longer-term play.
On one hand, there's no way I'm buying PTON this close to its highs and this far from POC resistance levels.
On the other, the company held strong against news that AMZN and AAPL are encroaching in its space, has been nimble at expanding into other workout areas, and has money flowing back into the stock. Still wouldn't buy right now, but if it pulls back or...
OSTK has been within a wide ~$10 range for most of September. Playing a 15% range like this on a low-cost stock can be profitable. I intend to keep selling in the high 70s and buying in the mid/high 60s until proven otherwise.
I bought into the RKT hype like many others ... and it's been miserable in almost every way. My ugliest active chart, and it's not even close. Still, there seems to be a lot of long-term excitement about this stock, the company is solid, the outlook for mortgages is less dire than some make it out to be, so while I wouldn't short it, I'd wait to see if it can...
There's the technical LTHM short-term trade for tomorrow morning: TSLA pulling this stock down today offers a buying opportunity; $7.89 is a strong support area, and a stop set somewhere in the $7.80s limits risk to a few pennies, with an upside potential all the way to around $9.30.
But the stock is also driven by TSLA news. If TSLA goes down, or if TSLA's...
A really nice setup for a short-term move to about $213, if MSFT can hold the 3-week POC around $206 tomorrow. After that, an initial target is $213, which represents both the top of the short-term (3-week) volume profile value area, and the POC on longer-term (3-month) timeframes.
$NKLA had to contend with a lot of bad news over the past two or three weeks but has held up well despite the headline headwinds. This should offer some downside stability against future bad headlines NKLA . Price is at bottom of value range on 3-week and 3-month volume profiles, offering plenty of upside until it runs into resistance/POC around $34.
