Just going to start doing one inside week that we can track. $PTON this week! Very tight range at a support zone on the weekly!
$MRNA $308 or $300 bounce (If we get below then reclaim these levels, take a position for calls) Price targets: 308->310 300->305 Technical analysis: Bounce off pivot point around 308 area or bounce off psychological level at 300 Rationale: With increasing news of a new virus variant, vaccine stocks are rallying so there is built up potential for more momentum
$PTON +47 (Over $47 for calls) Price targets: $48, $50 Technical analysis: Bounce off pivot point on the daily chart Rationale: With increased news of a new virus variant, stay-at-home stocks could continue momentum upwards
Tdoc playing out beautifully to my previous analysis (linked below - includes my fundamental analysis) Where are we now? Great opportunity to be accumulating here. This train is loading up for a move upstate. Head and shoulder? once we hit 235, I will watch carefully. My personal strategy is sell half the position and add a stop on the remaining just around...
Other than the March 2020 crash, LULU only reached oversold weekly conditions in September of last year after which it rallied 25%. Will we see a similar bounce here? Will depend on strength in NASDAQ/QQQ.
OSTK Kind of has it all - internet retail, crypto, low float, and decent short interest (17%). Technically: -made double bottom -retraced to the .68fib -bounced off the 200ma -growing buy volume -AO divergence
Falling wedge here and a volume profile that sets it up for an easy bounce. Conservative initial target above at 152.95 as there is a volume node above.
Swing pick. Bullish falling wedge and consolidation ready for breakout. Basing above the VPOC dating back to the last impulse move in late June. Fib levels shown have good confluence with fib extensions. One target provided above ATH as well. S/L 268.53.
This one has been in an uptrend but faked us out for the past few days with a number of false breakouts. Shown here on the hourly, a break outside this box at the trigger should yield a larger move, especially if it can fill the gap above from 117.75 to 122.49. This gap can be used as a more conservative entry. Bollinger band shows room up to 119 on the daily and...
5 month of uncertainty and Neutral trend for NFLX , But a good positions for short term trading , Buy from the Bottom of the channel and sell from the Top . Fundamentals : The corona virus has increased again and possibility of cities Lockdown can be positive for Stay-at-home Stocks . Price Action : Price placed at Bottom of the Channel also the 200 Day moving...
Would been keen to hear any thoughts from other traders. I believe ZM has potential at least until end of the year at current prices.
Updated using cycle analysis (weekly and day chart). If this plays out, I will look for the entry after earnings. Entry = 380-390 After Earnings Exit = 450-460 Stop = 340 Please comment -- always looking for suggestions and new perspectives.
Lockdowns restarting, stay at home stocks getting crushed recently from vaccine news...are we setting up a gap fill to leave an island down below? Would be very bullish if this is the case. Keeping an eye on them for any trend break! NASDAQ:ZM
Watch this stock move as new countries, states consider/announce shutdowns.
Bought some 12/24 550 $NFLX calls for $7.26 today after the sell off in stay at home stocks due to Covid-19 Vaccine news. Technically this should hold the continuation pattern to the upside and we are likely to see $600 soon. I will manage the options as we go..
Oversold, ready for a run into earnings at the break of this downtrend.
Overbought, at the top of the Bollinger bands, supported by the EMA cloud but likely to pull back to the 20MA, 50MA below that. Long on this stock but it is due for a pullback.