stockmankam

stockmankam

Yes... I know... ROKU has been running this week but guess what, it is still in the massive downward channel! ROKU bounced heavy off the long term trendline support and is now at a very interesting spot...which happens to be the downward trendline resistance! This will be a great short opportunity into tomorrow if ROKU rejects resistance at ~338 (.5 fib) My...

stockmankam

As previously posted in the past, metals are certainly something you should consider keeping an eye on especially with the increase of inflation. Now that we've broke out the downward channel, the next long PT will be the red line at ~1960 Happy trading!

stockmankam

Bounced hard twice off off the trendline support but got rejected hard by weekly supply... had another short term bounce but couldn't hold over 315 for long I think we see ROKU finally break this trendline within the next week or two. I will be looking for a confirmed break of 283 support to start my short positions. I have a monthly PT of 239.15 which is...

stockmankam

Although in the long term I am bullish on cruise lines, especially with covid restrictions being lifted, as of now this market is not kind to much of the recovery stocks This is textbook put play, we have a descending triangle formed on the daily and its just barely being held by this ~79 support level I will be playing 6/18 75p on a confirmed break of 78.50 ...

stockmankam

You're probably wondering why I have been posting a lot of bearish content lately...its for a reason trust me Inflation is going to destroy the market, its going to happen before you know it The bubble is bursting, tech is diving, medals and asset based companies are skyrocketing! Don't get caught holding an expensive bag, if your still going long in this...

stockmankam

ARKK has been steadily selling off since February Selling volume was extremely above normal for the last few trading days Also fell through 105 support which seems to have been strong in the past I honestly see this falling back to the $65 range eventually but for now I would short this to $90 demand zone If it loses daily demand, I am increasing my short...

stockmankam

TSLA falling out of massive bear flag on the daily Seems to be on the C wave of the ABC correction Short term bounce may occur off of 1D demand around $615-600 but I don't see this holding for too long I would love to see a retest of old September highs at 505! Current Positions: 6/18 500p, 5/21- 620p (small position due to trimming profits from the recent...

stockmankam Updated 

This support level seems to have been a strong level in the past...could be a good place to enter long! I would keep a fairly tight stop loss but my bullish PT would be: PT1: $58.11 PT2: $64.26 SL: < $47.07 Happy trading!

stockmankam

Yall should've listened to Burry when you had the chance...it aint too late though! Markets dumping, Interest rates rising, bond yields climbing... you can only keep printing money for so long Makes sense why we have been seeing a steady rise in Gold prices the last few months! Luckily, in our favor, Gold bounced cleanly off the long term trend line support, as...

stockmankam Updated 

Perfect short opportunity for NVDA! Seems like its been following this downward channel on the daily and 3hr. RSI is also falling after a huge run that happened this month... time to load up them puts! My PT is going to be the bottom of the trendline support which brings us to ~575.25 This PT is also conveniently placed in 1D Demand zone where I expect NVDA to...

stockmankam Updated 

AMD seems to be forming a head and shoulders on the daily while also it seems like it is on its way to completely a correctional Elliot wave. There is strong weekly demand around $73-75 but I like the r/r on this trade! I am looking to short this all the way back $60 once it looses demand (support). I am currently holding onto some 5/21 80p and 6/18 70p I will...

stockmankam

NIO got this descending triangle going on the daily...its been holding demand (support) fairly well but if the bulls cant push through this trend line and supply, we might be falling back into the 20s soon. I personally am looking for a break of the trendline and NIO over $43 before becoming bullish again... as for now... I am shorting NIO with a PT of $26.32...

stockmankam

Another awesome set up of a descending triangle! I personally am looking for a close under 260 before entering short positions, I will take monthly puts down to 225 support if it can break 260!

stockmankam Updated 

Rejected top of yearly trendline, volume has been severely falling off, also was extremely overbought on the RSI. I could see a deep retracement back down to where it broke out of its triangle around 277-280. I am currently holding 4/30 300p and 5/21 285p Let me know what you think! Thank you

stockmankam

I wish I caught this easy play last week but IMO its not too late at all! SNAP is following this descending triangle and SNAP bounced off the trendline which is pushing it on its way down back to daily demand, which is between $51-49. I would consider this before going long on SNAP and maybe also consider scooping long plays off of demand when it gets there. ...

stockmankam

Walmart approached long term resistance today and instantly dropped which obviously isn't a great sign...BUT I think its been holding this support zone pretty well for the past couple of weeks which IMO is fairly bullish. I think WMT could attempt to fill the gap at 143 but on the event that it doesn't hold this zone, I will be shorting this stock back down to...

stockmankam

Heres the long term resistance trend line that GME seems to have been following. If GME is able to break this downtrend, it can easily take this back to at least 200+ (first PT being the .382 fib which is about 206) GME was able to bounce cleanly off of the daily demand zone and close over it which is bullish in itself. Can it keep the momentum and push through...

stockmankam Updated 

Well well well... TSLA may just not be a dead cat bounce like the first time. As we see, it got eaten up at daily demand and skyrocketed almost right through daily supply but pretty much instantly got rejected. The way I have been playing this is by taking puts every time it enters in daily supply and guess what... just about 100% of the time I have been able to...