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Potential NASDAQ LONG Trading PlanAs expected, NASDAQ is currently on pull back before rallying up again retesting the highest pivot point of 10144. Work Form Home policy has apparently given a significant positive impact of NASDAQ index as stocks like ADOBE has surged in terms of its revenue last week. I see nothing can stop these technologies bunch as it is immune to the recession as compared to brick and mortar business models. Trading Plan: i) LONG when it reaches pull back 1 at 9467.3 and pull back 2 at 9279.4 with the target Take Profit point at 10144. Author: S.I.D. Aizu
OANDA:NAS100USDLong
by SIDCapital
Trading Edge 2020 Portoflio -Trade #1 - MJ - Under loved Pot ETFTrading Edge 2020 Portfolio trade #1 Ticker: MJ Position: - Looking at long dated call options (Jan 15th 2021) - $15 strike (ITM, gives some degree of protection against theta decay) - Cost (approximately $460/ contract, at current mid bid and ask, willing to go as high as $5.00) - 0.72 Delta (ITM) - Running 2x contracts (allows us to sell one on the way up, also makes a more meaningful position size) Profit Target/ Exit: - looking for mean reversion to allow us to sell half to have a riskless trade, this would require a move to around the $22.50 - $23.00 range - Given the fact the position is a long-dated option, we will not run a technical stop, instead we will let the position run and check to see if it performers or not (i.e. no point running a 50% stop and getting stopped out, 1 month into a 12 month contract). Rationale: - Speculative counter trend play on MJ, given the overwhelming negative sentiment - Simple position to manage, the long-dated nature means that we have 12 months for this ETF to regain it's legs, also means that if we get a market correction, we have the time to ride it out - Despite the price action, MJ has been a high beta performer, if we are going through a 'melt up' phase, then MJ is likely to be swept up in the euphoria - Both MACD and RSI signaling a possible bullish reversal (or even just a potential bear rally) - Moving averages signaling a possible bounce is due, not necessarily a total trend reversal - TradingEdge Portfolio spreadsheet available to view here >>> docs.google.com
AMEX:MJLong
by Profit_Link
AMD Long Position (Naked Call) AMD can offer a tremendous profit opportunity on the daily chart if you are patient and enter at the right time. The strategy I am using on it is buying long on any pull backs to its Fibonacci levels. These opportunities can offer 30%+ in price appreciation over a 60 day period in its current channel up from December 2018. - AMD is currently in a nice channel up pattern and has been respecting this since about December 2018 - At market close 7-Day VWAP is trading about the 30-Day VWAP which is a positive sign of price appreciations - Price is also trading above the 21-Day EMA which can indicate the stock is in an uptrend - We can also see how price respect the retracement level and we just bounced of the upper trend line of the channel - We can see a potential negative divergence on the MFI which could indicate we will go back and test the previous Fibonacci and lower trend line of the channel - I will be looking for this scenario to play out in the next couple weeks or so. - I will post any updates as they develop Yours in Mastery, Khalil
NASDAQ:AMDLong
by Vitalfinancials
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