Get in the Zone: the Lotto ZoneIf any of you are up for a gamble, this is a good play for a short position / long puts. AZO has had a monster rally and is starting to wind back to some pre-pandemic support levels I believe. Now this is a good company, but the stock will get caught up in a mess of short-term declines in the Retail Trade sector and this one has far to fall and a well-defined area of support to work off of.
Some solid indicators are saying this is well over-bought and flashing the sell signal. This means we may have reached the peak of it's new consolidation area and will begin grinding down to find the bottom. Thankfully we have a triple-top to tell us where that bottom will ultimately be. Options are expensive for shares this pricey, and bid-ask spread is huge, so maybe just an old-fashioned short is your ticket.
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LAZR over 31.40LAZR was the victim of having 'too many eyes' throughout Jan and Feb and the consolidation broke to the downside. With earnings out of the way it has put in a bullish engulfing candle on the daily with large volume. In other charts we have seen how a consolidation that breaks to the downside can still lead to a large upwards, this one could be sneaky.
GM Quick Dip?Seems like they have taken the correct measures in stay afloat. However, price is as high as it's ever been and I just don't see a continuation to the upside. Seems like they are depending on SUV sales and EV plans. Seems like a Hummer '21 release by fall. Earnings Report coming up. Q3 was strong for them. I'm taking an educated guess on price dipping down a littler after the released report.
What do you think?
FSR Fisker Racing up soon?Notes are in chart!
Let me know what you think below!
Just trying to get better and put out solid info.
Swing Trade Idea #219 : Long on BAJAJ-AUTOThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
BAJAJ_AUTO INTRADAY TRENDAs per the Technical Analysis Chart Pattern, BAJAJ AUTO Intraday view.
The potential bullish trend with the upside of 2975-2995as the target from the breakout of 2960. We can follow the strict Stop Loss of 2940. It is only Buy Above the resistance of level of 2660.
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