Interesting setup in $SQ, not a fan of management but the technical setup is very good here. Keep an eye out for it breaking into higher highs, short term data suggests it might just go straight up on Monday, but might retrace or pause a bit for a day or two after the 1st couple hours of trading. Best of luck. Cheers, Ivan Labrie.
I was monitoring $GBPUSD developments as of late, it was clear to me sentiment had reached a historical extreme and this pair was due for a rebound, which eventually happened. I didn't catch much of it, and watched for developments in weekly scale, as the sideways action in the daily become too lengthy... Last Friday, we had confirmation from the weekly chart that...
$PBF is a stock that trends very smoothly, in the daily and weekly timeframe and historically has given us a lot of good trades over the years. It has a low risk buy setup here, so it's worth playing it (also present in $CL_F, so you can trade either of the two, in my case I''m long oil futures but not $PBF yet). Best of luck! Cheers, Ivan Labrie.
Overall I think we should keep an open mind and trade signals as they form, after all, we get defined targets, stops and timelines from the Time@Mode signals present in daily/weekly charts, that give actionable and profitable cues with a very high win rate, but, in the long run, I expect rallies to fail to get follow through and prices to grind downwards similarly...
Very nice chart here, trend signal reversing the recent decline sets up a very low risk buy against support from recent earnings levels as well as a 25% speed line. Best of luck! Cheers, Ivan Labrie.
Nice long setup in $NVAX here, you can expect a decent advance if it holds over $10.75. Best of luck! Cheers, Ivan Labrie.
Decent setup here, aiming for the uptrend speed line support which roughly lines up with the daily target here. Best of luck! Cheers, Ivan Labrie.
Gold has an interesting trend as of late, ever since $DXY peaked and yields started coming down. It lately caught a bid even on days when bonds were selling off which made it interesting as it suggested we could be seeing rebalancing flows out of bonds and into gold (this happened right after the debate about increased spending surfaced in Congress). I caught part...
Documenting this one, seems like we have a nice uptrend setup in $SPY, until February, as long as the market holds over Oct 26th's RTH low roughly. Best of luck! Cheers, Ivan Labrie.
First Solar has a nice trend in yearly scale, and lately had embarked in a series of powerful rallies in daily, weekly and monthly scale, since the Inflation Reduction Act vastly improved the outlook for the company. I'm inclined to go long on any trend continuation signal, but also being mindful of potential corrections that might trigger in the short term...
Alibaba has a nice potential setup here, which could trigger if we break over last week's high here. Stop can be tight as the move should have strong momentum. Reward to risk is over 4.43R, which is tremendous potential for a swing trade here. If it breaks down instead of up, this trade idea is cancelled, but we could find a short entry trigger, depending on how...
Brief look at EV names here, I like the setups across the board and specially like the low correlation to $QQQ as of late, and relative strength of China in particular. Best of luck! Cheers, Ivan Labrie.
Gilead offers a very nice setup here, upside as per the chart. You can expect it to do well during January if it holds over $85.43 for the most part, might consolidate again after February the 1st. Best of luck if taking this one. Cheers, Ivan Labrie.
Potentially a bottom here, $PLUG has come down a long way here and has a low risk setup to capture a mean reversion move towards resistance from the most recent quarterly report. Worth a punt as a short term trade, could evolve into a longer lasting bottom too. Best of luck! Cheers, Ivan Labrie
CrowdStrike offers a high reward to risk setup here, buying into strength after the recent daily timeframe down trend signal has expired without hitting the target in time, this type of scenario warrants a mean reversion move back to the distribution area where the move started from a few weeks ago, in a similar amount of time as the projected decline. I like that...
$LCID has a nice setup intraday here, which makes me think it will rally towards 7.25 on Tuesday-Wednesday next, provided it remains strong and marches higher than last week overall. Similar situation for most EV names here, seen also in $F, $TSLA, $RIVN, $LI, $XPEV and $NIO. It could be a good long term entry as well, if you want exposure to the sector (probably...
$AMD has a nice setup forming here intraday, if price breaks over $65.02 you can expect a strong up day tomorrow, with upside to $66.02. If it fails to get follow through after triggering this buy and moves under $64.08 you can consider the short term entry failed and take the loss. Don't risk over 1-2% in such an entry...if it triggers. The daily down trend time...
If $PEP crosses over $182.85 tomorrow, a short term signal will trigger which can cause a mid term signal to trigger which in turn could cause a long term signal to trigger catapulting the stock higher for many weeks if it holds up over the stop area in the coming 20 days. Best of luck, Ivan Labrie.