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$COTY and $PLTR - a look back at this past week$COTY was my first losing trade of 2021. But I wanted to go back and see what happened when compared to my winning trade on $PLTR. As you can see both had great runs a few weeks prior. They both then consolidated, and bounced around the new volume shelf. On Friday however, one broke one way and one broke the other way. I would trade this setup again if it presented itself. I think most of the time this would break in the upward direction. It's possible that this was just a good old fashioned shake out, and it took out some stops below. There are more gaps in the run up on $COTY and it's possible some were pushing to fill those gaps? Not sure. Only other difference I could see was that $COTY closed below the 20MA the day before. $PLTR was still above the 20MA. But it wasn't so far below to ring any alarms. Seems like typical chop around a level of interest. Anyway, let's see if $COTY offers another entry later, but I have moved on and now looking at other opportunities. Any thoughts on why $COTY broke lower Friday? Let me know in the comment, would love to hear other's takes.
NYSE:COTY
by CCInvesting
3
A review on the last trading week(19-22 Jan 2021)Here I provide a review on my discrete stocks and option analysis published in the last trading week(19-22 Jan 2021). These are technical analysis I published in the last week separately ( not in the 25 recommended portfolio of the week) January 18th: - EURUSD @ 1.20793 buy - XAUUSD@ 1838.66 buy January 19th: - VISL @ 2.31 gained 9.6% - IZEA @3.91 gained 20% January 20th: - APPL call option gained +70% (in 2 days) - EYES @1.95 loss -0.005 - ITP @ 0.8192 loss -6.4% - RWLK @ 2.22 gained 18.4% - OBLN @ 8.22 loss -26.7% January 21st: - MCUR @ 0.5895 loss -0.007% - AYRO @ 6.95 loss -0.002% - METX @ 2.07 loss -1.5% - GNUS @ 1.47 gained 6.8% - FUBO @ 34.75 gained 6.8% - JE @ 5.47 gained 25.2% January 22nd: - PAYS @ 5.05 loss -1% - OPTT @ 4.32 gain 29.6% - MTC @2.41 gained 1.2% - PLTR call option +285% (in 4 hrs) Even if you do not consider the astronomical gained 285% & 70% in the 2 option trading I recommend, and put gold and EURUSD aside, you will see a 5.46% gain in less than 4 days(volume-weighted) which beats gains of S&P 500 (1.92%), Nasdaq (4.39%), Dow Jones(0.59),and ARKK (2.94%). Single recommended Stocks plus Options has had 46.58% gain(volume weighted). I just checked the ETF data base and find out that the best performed ETF of the last week was TAN with 13.3% gain in the last week..!(5.02% less than my recommended 25 stock portfolio for the same time period) Don't forget to like, comment, and Follow to encourage me to continue this. You can even send TradingView coins to support me publishing high quality ideas..! Stay tuned, great live stream and quality content videos coming soon..! I will publish the list of my recommended 25 stocks for the next week at 9 p.m.(Pacific time)
TVC:SPXLong
by Moshkelgosha
6
5 stocks with impressive moves for the week of 18.01-22.01.2021Making a different kind of post here as we had a really impressive week especially for a couple of stocks that caught the eye. First starting with Luminar Technologies $LAZR. For some time this stock has been on the radar of investors and traders and there is a reason. Not only promising perspectives for the company but the presence of a symmetrical triangle. Volumes are low as the figure is still forming and Yesterday we closed with a slight breach of the figure. I would wait for further development of the price as the volume on Friday's push wasn't that impressive. But definitely keep watching that one. Next up is NIO INC $NIO. The next promising company in the electric vehicles market. For some time it stayed quiet with low volumes during the formation of the symmetrical triangle. Activity picked up recently and the news from Friday that Nomura initiated a buy for the stock with a target of $80 really gave the price a boost. We are in continuation of the uptrend with currently no reason to pass this stock from your portfolio. Moving on to Palantir Tech $PLTR. Impressive breakout of the triangle here as well. A stock that has been mentioned a lot this week and was on the watchlist of a lot of traders and investors. Strong push supported by volume not seen in December 2020. Complete full candle with even no attempt to sell the top. If you've missed this impulse you'd better wait for a correction, but this stock is starting to make a name for itself in early 2021. Number four - FUBOTV INC $FUBO. The plans that were announced earlier in January for the company to acquire Vigtory really made an impact. The company rose 120% in the following days. That rise was then covered and we are in a consolidation, but volumes are talking about the strong activity. This is still hot, so keep an eye on the triangle as we are heading towards the upper resistance. And lastly, but not least - Gamestop $GME. With multiple halts on Friday's session, this stock jumped 80%. Some would say that the flag before that was the omen, but the battle between retail, investors, and Citron Research raged on. 134 million shares were traded according to Bloomberg stats. A backlash against Citron by bulls over its views on the Grapevine came to a head-on Friday when the short seller said it will decline to comment on the stock following the actions of "an angry mob". Have in mind that a couple of days ago insider sales in GME saw big activity. The stock market never ceases to amaze me... Thrilling action to tease your eyes and to temper with your nerves.
NYSE:GME
by DailyChartist
5
PLTR : COIL / POSITION TRADEPalantir: Parallels With Microsoft, Potential Network Effects Underappreciated The company has reached $1bn in revenue with low customer numbers and immature business operations. Software standardization, an intense focus on shortening deployments, and a behind-the-scenes SaaS delivery platform called Apollo, will facilitate significant scaling opportunities. 12-month target price of $47. PLTR have a great opportunity ahead of them to develop ‘flywheel’ network effects to build atop their software that is already several years ahead of the competition. In regards to big data analytics there is no other company that comes close – they have, in effect, created their own market. The reality, however, is that they will become much more than a ‘big data’ vendor – their platforms have the capability to become central operating systems for organizations. The software is infrastructure-agnostic; it can be laid on top of any group of networks and systems and enhance the performance of everything it connects with. The high-entry competitive advantages give them a great chance of grabbing a huge chunk of the management guided $119bn of TAM. We suspect the TAM is quite a bit higher, however. Our research has brought us to really consider that PLTR could be a future tech giant. SOURCE : Convequity, 11 Jan 2021, SeekingAlpha seekingalpha.com
NYSE:PLTRLong
by TradingMavericks
QS - QUANTUM GAINS INCOMINGThis has been a stock that has hilarious rocketed to over $100. I actually had a coworker tell me about this stock, battery hopes, rocketship emojis, and all that. He bought at $100 and sold at $45 today. Hilarious. We don't get attached to stocks here. We are traders. And boy this setup was beautiful. Trading the B waves of exponential run ups are insane, and that's what we got on our hands here. First let's look at the macro view. I think this stock is working on coiling down into an ABC. Now we are looking for evidence of completion of wave A. For this idea, I have 3 price targets in mind. The risk reward is most favorable for target point #1 of $85. I will be selling there and moving my money to the next s*** stock. Here, there is a blaring gap along the way that will want to be filled. I put the fib retrace on an endpoint of $38 which is the premise I am basing this trade around. Low and behold you have beautiful reactions and the other significant fib levels for retracements. Two additions TPs were identified with reasons shown on the graph. Test your luck with those. Next, let's dig into the major price levels I have for completion of wave A. From previous price action I have $45.50 and $38. I entered 70% of my long position at pennies away from the low this morning since I had identified $45.50. The remainder will go in IF we hit $38. If we don't go to $38, I will look for a retrace to enter, but only if trend reversal is confirmed by eliot wave count validation. We have more evidence that the $38 price target is valid. Dissecting wave 5, it becomes a bit more clear. However, it should be noted that we already hit the 2.272 extension of 1 to 2 which is typical target for wave 5's. For this reason, I am 70% into my position. To also comment on why $38 is on the table, it appears that major indices are cooling off. SP500 ES futures have bounced off the top of channel defining this uptrend. AMZN and other tech stocks appear to head into a wave E of the triangle compression. Extra info there, but those are my proxies for this play if it has another leg down. Lastly, let's talk about divergence. It is a leading indicator of a pending trend reversal. You can use RSI, PPO, MACD do, but prefer RSI with the standard presets. You have divergence on all major timeframes now. It will not be invalidated for a move to $38; will only extend it and add more meat to the bone. GOODLUCK s/o Hawk's Nest
NYSE:QSLong
by warrenbudget
23
BUY $PLTR - Entry 25.5, PT 29, SL 23Rationale: Pros: It's Palantir. They have a bright future. ARKW just loaded, so people smarter then me are bullish on the stock. This amazing ascending parallel channel is governing the ascent. The priced closed at the bottom of that channel, and the next serious supply zone is 29. It's time to get in. Cons: Lockout period ending up in February/March sometime. Notes A lot of bag holders at 29, this is a great place to sell. If you sell at 29, you will likely have an opportunity to get back in at 28. Beyond 29 we can see 35
NYSE:PLTRLong
by TroydTrades