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BAC setting up to thrive from rate - cuts LONGBAC is showed here on a 100R(ange) where price action from the Covid lows to the federal stimulus highs to the fade and consolidation of Summer 2022 to Summer 2023 and another fade and reversal from it are seen on the chart. At presen, BAC has reversed upside. With Uncles Powell and Sam announcing likely three rate cuts in 24Q3 and 24Q4, I see banks including BAC getting a break with more loan originations and less pressure for high payouts on savings accounts which may be the capital sources of those loans. I see this a an opportunity here and now to take long positions before those hypothetical cuts get baked into the price. The same may go for WFC, JPM, GS and others. My first target is 44 at the " neckline" of the 3,4Q21 triple top.
NYSE:BACLong
by AwesomeAvani
WULF a high volatility AI penny stock LONGWULF on a daily chart has room to run to a end of the year pivot high and the ATH of July 23 The relative trend indicator shows it rising out of of the chop zone and the RSI shows lines popping over 50. My targets are 3.1 and 3.8 the red lines from the tweezer tops. PRice has crossed the mean VWAP a bullish momentum stimulus. It is a cheap but risk way to take an entry in a swing trade long on WULF and the AI subsector of technology. Upside is 50-75% overall with a stop loss of 10% raised to break =even once price is 10% above entry and changed to 5% trailing once price is over 25% above the entry. This is a low time and effort type of trade meant to extract high profit relative to time/effort also with the use of alerts and notifications to manage the trade.
NASDAQ:WULFLong
by AwesomeAvani
ETHUSD - Fed Fights Crypto Ethereum Rallies LONGETHUSD on the 60 minute chart has had high volatility in March along with other cryptocurrencies. the SEC is taking Ethereum to federal court so it can designate it as a "security" and subject to the SEC and all that it does. In early March, ETHUSD trended up getting resistance from the second upper VWAP band in purple and support from the underlying bandline. A deep ten day pullback into the support of the second lower band line in thick purple then ensued. Price is now in the process of rising to the mean anchored VWAP in black supported bu the thin blue first lower VWAP line. The predictive algorithm of Lux Algo founded on analysis and look back of the regression line forecasts the leg up to test that mean VWAP line. I entertain a long entry here.
BITSTAMP:ETHUSDLong
by AwesomeAvani
2
META could fall from ATH SHORTMETA on the weekly chart is at the ATH which is as a consequence at the third upper VWAP line. The RSI indicator shows the faster line crossing under the slower line. The relative trend index has topped out. Both represent bearish divergence. META makes its money with advertising dollars for revenue. There are increasing challengers to split revenues that could go down if a recession happens. Other headwinds are the federal regulatory blaming META for issues such as foreign interference in our elections, or child molestors floating on the platform without adequate protections for minor or collusion in a monopoly with other high flying targets. I find this to be a good juncture to take a short trade in META on a swing looking for it to last until the next earnings period.
NASDAQ:METAShort
by AwesomeAvani
JETS, a travel ETF rising summer travel season approaches LONGJETS on the reliable daily chart is in trend up since last fall which followed a trend down during the spring and summer. Travel stocks are booming here and there including TCOM (Trips.com) in China. The airlines have high volumes and are competing on price and perks. So are the cruise lines. This ETF is a way to capture some profit from the trends. If has lower risk but also lower reward than an individual stock JETS is upside range bound by the second upper VWAP line above it. The predictive algorithm of Luxalgo forecasts a rise to about 22 before that VWAP line rejects price into a reversal. I am shorts JETS while also shorting NCLH and going long on AAL. I expect to profit and use funds for some more frequent travel. The karma in the whole thing is that it is a closed circle. Watch travel companies including booking agents, spent money traveling get insights and then deploy capital to work those markets for profit returns to recycle the funds into more travel.
AMEX:JETSLong
by AwesomeAvani
1
RCL may set up a fall from a rising wedge SHORTRCL took a bit of time to recover from COVID but has now done well. The dialy chart reflects this. Last year price rose in the winder and spring then fell when the summer ended and reversed upside in November. Ir is now in a rising wedge and price is at the upper trendline. It is confluent with the second upper VWAP band line suggesting not much room upside as that line is providing dynamic resistance. The predictive algorithm from Lux Algo designed to forward forecast from a lookback of the regression line to the left predicts a fall from the ascending resistance trendline and the underside of that VWAP line. I will short RCL here and entertain a hedged options trade to insure the short trade. I have shown a peer stock NCLH from the cruise industry. It has not done as well as RCL. If RCL starts falling significantly some traders may move their capital to NCLH and help it rise. I will put NCLH on my watch list along with UAL, AAL, LUV, DAL and LUV as the summer travel season will be underway in another sixty days and trader interest may rise with accumulation and price action to follow.
NYSE:RCLLong
by AwesomeAvani
KOLD triple leveraged inverse ETF for Natural Gas LONGKOLD on the 15 minute chart shows a prior uptrend followed by a large falling wedge pattern from which in broke out then to form another smaller falling wedge. Anchored VWAP bands are added showing price is now just above the support of the mean VWAP line also confluent with the Fibonacci retracement of the uptrend of the first 20 days of February. The RSI indicator shows relative strength low and less low time frame lines near to the 50 level. I see this as an excellent setup to take a long trade in KOLD with the target and stop loss on the chart looking to capture 15% upside.
AMEX:KOLDLong
by AwesomeAvani
GRAB - Penny Stock Volatility Based LONG GRAB is a multi-dimensional fintech company serving SouthEast Asia. It does there what DASH UBER and PYPL do in the US. Like many other or even most penny stocks it has volatility which is the foundation for swing trading it for good profits. On the 60 minute chart are the horizontal supply and demand zones as well as dynamic areas of high volume and volatility as anchored VWAP bands and lines used for analysis that GRAB is now in the area of the first lower band line and is predicted by the Luxalgo regression forecast to fall into the demand zone confuent with the second lower band line. For forecast for after a predicted bounce, GRAB will move higher toward the supply zone on the chart. Accordingly, I will watch GRAB to fall into the demand zone where it will pick up long buyers such as myself. I sell set a stop loss at 2.90 and two targets, the first being the mean VWAP level of 3.2 for a close of 1/3rd of the position and then 3.4 ( first upper VWAP) for a close of another 1/3rd of the position and finally a target of 3.55 just under the demand zone. The trade is for a trade of about 15% gain over 1-2 weeks which needs little attention when alert/ notification price levels are set. This allows for stress free trading without much effort or screen time.
NASDAQ:GRABLong
by AwesomeAvani
VTYX- Buy the Pullback after a massive Bullish Surge LONGVTYX is an illustrative case in the trend is your friend. VTTX warmed up on Frbruary 20th and went parabolic on the next day and then faded while the moving averages and VWAP lines caught up. This is a buyable dip. It has now printed a couple of engulfing bullish candles. VTYX did less than a full 0.5 retracement as a sign of strength. I will take a long trade here targeting 16% upside to the top pivot of the recent price action. If the price can reach the target I will take half screening for higher-than-normal volatility. At present the volatility has mildly popped over the running mean telling me the continuation is on the ready. The plus here is earnings will report on March 24th so there is one month for traders to run the price up on this stock in that anticipation. Options are avaiable for call contracts expiring March 15th.
NASDAQ:VTYXLong
by AwesomeAvani
VTYX falls to support on private offering Biotech LONGVTYX- Ventyx Biosciences, Inc. (“Ventyx”), a clinical-stage biopharmaceutical company focused on advancing novel oral therapies that address a range of inflammatory diseases with significant unmet medical need, announced today that it has entered into a stock purchase agreement for the sale of 11,174,000 shares of its common stock at an offering price of $8.95 per share in a private placement to certain qualified institutional buyers in a bearish news catalyst on March 7th. I have recently uploaded my idea for VTYX on February 27th. Any traders who bought at 7.00 based on that idea may have sold on March 6th for 11.00 and achieved a 55% return in less than two weeks. On the 15 minute chart, VTYX has pulled back to support from the news catalyst. It has settled on the first upper VWAP band where it also found support in February after the post-earnings bullrun and again on February 27th when I uploaded the prior idea. VTYX is now at the bottom of a megaphone pattern ( broadening wedge) reflecting increasing volatility. The predictive algorithm from Lux Algo shows a forecast consistent with price action about the confluence of the support trendline in green and the first upper VWAP band in thick blue while the regression line and then predictive algorithm derived from it is the black line. Biotechnology especially small caps are among the hottest sectors at this time. This one went from cold to very hot and is now lukewarm while readying another bout of bullish momentum. I will revest capital from the previous 10 day trade in a long position expectant of a target of 11 or about 35-40% upside from current price.
NASDAQ:VTYXLong
by AwesomeAvani
PYPL falls into deep oversold zone LONGPYPL on the 30-minute chart over the past week fell 10 %, Based on the anchored VWAP bands as well as the volume profile it is in deep oversold territory potentially as a reaction to the stablecoin plan. Volumes are relatively hig while the ZL MACD has had a line cross under a flipping histogram. I see this as an excellent long swing trade setup targeting the mean VWAP or the POC line as the first target for 50% of the trade and 25% each targeting the upper VWAP lines. I will take a combination of a number of stocks and a put option 2-3 months out for some trade risk insurance.
NASDAQ:PYPLLong
by AwesomeAvani
ORCL a preearnings SHORT TRADEORCL rose from its prior earnings which were not impressive. On the 180 minute chart, price ascended to the second upper anchored VWAP band and dropped to the mean VWAP band line in a standard Fibonacci retracement. Finally it turned upside and ascended to the first anchored VWAP line. The POC line of the immediate volume profile of the past two months is 113.9 and price is currently below it. RSI lines are near the 50 line and the green faster line is below the red slower line. The predictive modeling algo shows a forecasted regression line moving down on the approach to the earnings report after market close on March 11th. My target on this short trade is 101 being the pivot low at the prior earnings of December. This represents 10% downside. Accordingly, this is a one to three day trade covering the earnings period and after seeking 10% in quick profit. The stop loss is set at 114 above the near term POC line.
NYSE:ORCL
by AwesomeAvani
W Short Trade Symmetrical Triangle Breakdown Wayfair is an e-commerce platform for furniture and home goods sold online. It has had gradually decreasing volatility on the daily chart in a symmetrical triangle, W is halfway between the past earnings in early February and the upcoming in May. Price is currently also compressing inside the triangle and halfway between the mean VWAP and the first upper VWAP as the chart shows. The analysis of a short trade is also supported by the AI algo of Luxalgo using Gaussian Regression line analysis to forecast the downtrend. Targets are 47.25 which is the intersection of the forecasted trend down and the support trendline of the triangle as well as 38.65 which is the intersection of that same trendline and the pivot low of October 2023. The stop loss is 63.9 at the immediate pivot high. The trade is projected to be a 25% trade is equal partial profits are taken at both targets or 28% if the first target is a 1/3 partial closure.
NYSE:WLong
by AwesomeAvani
BBAI - a penny stock in a hot sector LONGBBAI fell on an earnings miss on Thursday March 7th. The downtrend of 30% was basically a slow flush. Penny stocks are volatile to begin with; this one is in the hottest of subsectors. Price is in the hard oversold area just above the second lower VWAP line on this 15 minute while the RSI lines are in the mid-30s showing the price weakness. A predictive forecasting algo from Luxalgo suggests a bounce from the present price. I will take a long trade targeting a return of 25% over the next week with three targets and partial closures of 25% , 50 and 25% respectively with the targets shown on the chart. The stop loss is 2.50 just below the pivot low of 2.5. This trade idea demonstrates how penny stocks have great volatility and how if entered well can result in 25% weekly which if compounded regularly can result in rapid account balance growth overall. The trade is to be managed with partial closures directed by alerts and notifications as well as a trailing stop loss of 5% once the price gain has reached 10-15%. This minmizes effort and screen time so that they can be spread across a wider variety of trades.
NYSE:BBAILong
by AwesomeAvani
1
SOFI flat to slightly negative YTD LONGSOFIR showed here on the 30 -minue chart has had great volatility in going no where since the start of the year. Volatility can be harnessed for profit. This is the essence of swing trading. With an intermediate term anchored VWAP band and line setup, it can be readily seen that price first was resisted by the second lower band line in purple then broke out through the band lines to meet resistance at the second upper band line ( again in purple) and broke down through the band lines to get support at the first lower band and then reversed and returned to the second upper band where it was rejected and fell into the support of the second lower band from which it is now bouncing. This is a VWAP band oscillation pattern which can be traded. I will take a long trade of SOFI here, first targeting the mean VWAP at 8.05 and then 8.6 below the first band and finally 9.05 below the second upper band. Partial closures at 25%, 50% and 25% respectively. I see this as a way to exploit SOFI volatity in swing trade profits which can also setup as short trades.
NASDAQ:SOFILong
by AwesomeAvani
NOW is a buy after a down tech stock day LONGNOW is on 15 minute chart with a volume profile overlaid and relative volume and volatility indicators below the chart. NOW had a good earnings beat late January. It is halfway to the next earnings. I think right now software stocks are hotter than hardware/ networking stocks. NOW got dragged down by technology headwinds into its support and the fall got rejected by buyers near to the close of the regular market hours. The lower VWAP bands are confluent with the support zone and confirm deep oversold and undervalued stock price. I believe this is excellent for a long trade perhaps lasting until the run-up before earnings is 6-7 weeks through the buy of a small lot of shares or a call option expiring at the May or June monthly in the range of $750 ( OTM). This will complement existing positions in CRM CRWD and PLTR.
NYSE:NOWLong
by AwesomeAvani
MRVL has a melt-down trader reaction to mediocre earnings LONGMRVL on the 2H chart had been in a trend up since February 29th when it broke out of the high volume area of the profile in a pre-earnings run . Earnings were reported and MRVL more or less matched the analyst's forecasts. Price sold-off in the aftermath of trader disappointment. I held a large position of both shares and options but sold off half of the positions two days ago to capture some profits. I see MRVL as still above VWAP and so in buying territory and now at a price level supported by the first upper anchored VWAP line as well as the upper boundary of the high volume area. It is a strong stock which I do not believe will make a full Fibonacci retracement. I will now add back into my position half of what I sold a few days ago. and expect a bullish continuation. On a lower time frame, I have guidance from the inside bars that price is printing in the after hours. When regular trading arrives on Friday, I will buy call options for mid-April striking $85 (OTM).
NASDAQ:MRVLLong
by AwesomeAvani
TSLA's triangle just broke—can it reclaim or will it slide?NASDAQ:TSLA reported quarterly earnings after hours. The initial reaction has been negative but that can sometimes change during the volatility that continues during the conference call and later the next few days. This post will not delve into the fundamentals as a some prior posts have done. After all, markets are presumably efficient and discount all new information very rapidly, and surely algorithimic programs have already processed the report and its ramifications for the future. So the following charts will look at technical analysis alone. From a technical perspective, TSLA had been in a large triangle that appears to be breaking over the last couple of weeks. This is true on both logarithmically scaled charts and linear / arithmetic charts. The log-scaled chart shows a somewhat bigger break so far than the linear scaled chart. Supplementary Chart A shows a logarithmically scaled chart of this triangle. Supplementary Chart A (Log) Supplementary Chart B (Linear) TSLA has been in an uptrend since its bear-market lows in early January 2023. But as prior posts have discussed, the next larger degree of trend is surely sideways, going back to the all-time highs. A simple box drawn around price on a monthly or weekly chart since even somewhat before the all-time highs shows this sideways range. Next, consider that since the all-time high was reached, TSLA retraced to its 61.8% Fibonacci retracement and failed on its first attempt at cracking that level as shown in the next chart. Supplementary Chart C (61.8% Fibonacci retracement) Furthermore, TSLA has struggled mightily at its all-time high anchored VWAP. At least six major breakout attempts above this VWAP have failed since TSLA formed its all-time high. See Supplemental Chart D below, showing the all-time-high VWAP in magenta. So have the failures to succeed in a break above this VWAP exhausted themselves so that next one or two will surely succeed as the bulls might want to argue? Or have the failures only reinforced the bears' case? Until price can recover this $234 area, it's tough to be bullish on TSLA. Supplementary Chart D More recent anchored VWAPs also make the bull case difficult to see for the time being. These are shown in the next supplementary chart. The key levels from these VWAPs are $241.72 and $214.62. Supplementary Chart E (Other Major VWAPs) And price hasn't been able to poke a head above the YTD anchored VWAP either the last 3 weeks as shown in Supplementary Chart F. Supplementary Chart F (YTD VWAP) Finally, consider that the major 61.8% Fibonacci retracement of the current uptrend from January 2023 lies at $177.25. This is an all-important support level for bulls who think TSLA is merely consolidating its uptrend from January 2023 lows. Supplementary Chart G (Another 61.8% Fibonacci retracement from the January 2023 lows to July 2023 highs) These technicals don't present a trade idea or attempt to reinforce a bear or bull case for anyone who is so positioned. But it does attempt to read the technical landscape as it now stands, without any sort of bullish or bearish bias from fundamentals or macro environment. The overall case isn't bullish until key levels can be recovered. Until then, lows might be tested if price can't quickly find its way back into the consolidative safety of the triangle shown. ________________________________________ Author's Comment: Thank you for reviewing this post and considering its charts and analysis. The author welcomes comments, discussion and debate (respectfully presented) in the comment section. Shared charts are especially helpful to support any opposing or alternative view. This article is intended to present an unbiased, technical view of the security or tradable risk asset discussed. Please note further that this technical-analysis viewpoint is short-term in nature. This is not a trade recommendation but a technical-analysis overview and commentary with levels to watch for the near term. This technical-analysis viewpoint could change at a moment's notice should price move beyond a level of invalidation. Further, proper risk-management techniques are vital to trading success. And countertrend or mean-reversion trading, e.g., trading a rally in a bear market, is lower probability and is tricky and challenging even for the most experienced traders. DISCLAIMER: This post contains commentary published solely for educational and informational purposes. This post's content (and any content available through links in this post) and its views do not constitute financial advice or an investment or trading recommendation, and they do not account for readers' personal financial circumstances, or their investing or trading objectives, time frame, and risk tolerance. Readers should perform their own due diligence, and consult a qualified financial adviser or other investment / financial professional before entering any trade, investment or other transaction.
NASDAQ:TSLA
by SquishTrade
9
CRWD VWAP bounce earnings coming LONGCRWD reports on March 4th in the meanwhile in it is shown here on a 15 minute chart with a Bollinger Band overlay. Price has trended from the upper bands down through the middle line into the lower inner and outer bands where a reversal took place at the level of the mean anchored VWAP band where the price fall was rejected with good support and wick touches on the lower time frames. I see this as a set up for a new trend up in the run to earnings. I will take a long trade of shares and call options. My easy target is the upper BB bands but expect more than that in the upcoming week.
NASDAQ:CRWDLong
by AwesomeAvani
3
SNOW a software megacap approaches earnings in one week LONGSNOW has been running since about the 1st of February. It beat earnings in November by 50%. Right now it is situated at the mean-anchored VWAP where institutions pick up and drop off shares the most. Price is at the lower boundary of an ascending parallel channel and is now about 8% less than the double top of last week at the top of the channel. Price at the mean VWAP brings out volume and volatility. So does an earnings run. I see SNOW as a great earnings play as ARM and PLTR were only weeks ago. This could be a huge trade like those were. Good Luck to traders who take this trade!
NYSE:SNOWLong
by AwesomeAvani
4
ADBE- Adobe is an AI stock but gets no credit Buy the Reversal ADBE and its Creative Cloud is most definitely part of the AI supertrend, It will help creative content work faster and with more creativity. The company has a healthy balance sheet and not a Johnnie Com-elately. As a megacap it does not move fast but it is as steady as it gets. Not to be in the headlines with ARM, PLTR, GOOG, MSFT and a whole bunch of others, it makes its money the old fashioned way it earns it keeping its legions of subscribers productive with its products and the support of them. On the 240 minute chart, I have shown price action cycling through a slow trend up and then a breakdown through the VWAP bands. Price is now reversing with a signal firing on the mass index indicator. The first target is 590 at the mean VWAP bandline while others are 615 and 640. In many ways software companies like PLTR and MSFT are hotter than Super Micro-Computers ASML and the semi-conductors. I need more software companies in my deployed plays. ABDE is setup for a trade up and I will take a long trade of stocks and some call options.
NASDAQ:ADBELong
by AwesomeAvani
CVNA- consolidation after the earnings gap higher LONGCVA on the 30-minute chart shows a high tight flag pattern after the big report of profit on an annual report. Inflation is affecting auto stocks and recession is increasing the number of used care purchases while inflation hangs in there. URLs for both a description of the pattern and the news are embedded in the drawing. The RSI indicator shows a quick move of the faster RSI line over the slower RSI line. The pattern is typically said to forecast bullish continuation out of the consolidation. I will get shares at fair value in the consolidation and follow price for signs of that continuation. Another observation of the consolidation is the price getting above the third upper VWAP bandline then settling down onto the support of the first upper line. I look to target 78 from an entry of 68 for a 15-18% upside with risk constrained by the earnings report and current relative trading volume.
NYSE:CVNALong
by AwesomeAvani