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Stock Of The Day / 12.06.24 / DOCU12.06.2024 / NASDAQ:DOCU Fundamentals. Positive catalyst after the release of a positive earnings report. Technical analysis. Daily chart: not informative.  Weekly chart: We observe the exit up from two-year accumulation, free zone ahead. Premarket: Gap Up on increased volume. We mark the premarket high, which coincides with the round level 100.00. Trading session: The price forms a pullback to the level of 100.00 after a non-pullback growth from the opening of the session. We consider a long trade in continuation of the movement, in case the level holds. Trading scenario: pullback along the trend to the level 100.00 Entry: 100.66 aggressive entry on the exit up from the range above the level. Stop: 99.49 we hide it behind the pullback low. Exit: We observe a pronounced trend movement. Close part of the position on 104.27 after an unsuccessful attempt to update higher high. Close the rest on 106.64 after an unsuccessful attempt to update higher low. Risk Reward: 1/5
NASDAQ:DOCULong
by AlexX31
Stock Of The Day / 05.12.2024 / SNPS12.05.2024 / NASDAQ:SNPS Fundamentals. Negative catalyst after earnings report and weak 2025 forecast. Technical analysis. Daily chart: nearest potential support level is 515.00 formed by the nearest break in the trend. Premarket: Gap Down on moderate volume. Trading session: The price forms a pronounced tightening to the level 532.00 against the initial downward movement, after a non-pullback decline from the opening of the session. We are considering a short deal in continuation of the initial movement. Trading scenario: pullback along the trend (false tighten) to the level 532.00 Entry: 529.30 breakdown of the trend line of the tightening structure. Stop: 532.27 above the held level 532.00 Exit: Close part of the position on 520.56 after an unsuccessful attempt to update lower low. Close the rest when exiting upward from the consolidation. Risk Reward: 1/3
NASDAQ:SNPSShort
by AlexX31
Stock Of The Day / 12.04.24 / FL12.04.2024 / NYSE:FL Fundamentals. Premarket down 19% after earnings report that failed to meet investor expectations. Technical analysis.   Daily chart: nearest potential support level is 19.55 formed by trend break from 10.27.23 and confirmed by false breakout on 11.10.23. Premarket: Gap Down on high volume. Note that the price reached the previously indicated daily level 19.55 and bounced. We mark intraday levels in the premarket: 20.00, 20.50, 21.00, 22.50. Trading session: the price holds the level 19.55 at the opening and goes up. We are considering a long trade. Trading scenario #1 (aggressive): breakout of the upper border of the trading range above 20.25 Entry: 20.26 exit from the trading range Stop: 19.69 below the nearest higher low We observe a reaction to the level 21.00. A false breakout happened, then a small pullback on decreasing volumes and a quick return behind the level and its clear holding for 5 minutes. We are considering a long trade. Trading scenario #2 : breakout with retest of the level 21.00 Entry: 21.25 exit from the trading range on increased volume Stop: 20.97 we hide it for the held level 21.00 Exit: A directed trend movement is observed in the direction of the trade. Close part of the position before the level 22.50, close the remaining part on 22.45 after an unsuccessful attempt to update higher high. The trade can also be closed in parts (for example, part of the position RR 1/3, another part RR 1/5, etc.) in accordance with your trading system. Risk Reward: 1/5
NYSE:FLLong
by AlexX31
Stock Of The Day / 12.03.24 / INDI12.03.2024 / NASDAQ:INDI Fundamentals. Premarket down 20% after news of $175 million private offering of convertible senior notes. Technical analysis. Daily Chart. Daily level 4.00 formed by a break in the trend on the daily chart on 11.18.24 is ahead. Premarket. High premarket volume. Gap Down. Trading session. Intraday level 4.40 was formed in the first hour of the session and the price was tightened to the level. After breakout of 4.40 at 11:44 a.m. there was no significant impulse in the direction of the breakout and the price quickly returned and consolidated below 4.40. We are considering a short deal. Trading scenario: false breakout with retest (false tighten with retest) of level 4.40 Entry: 4.37 after second touch and pure level holding Stop: 4.42 above the high of consolidation Exit: There is a pure trend movement in the direction of the trade. You can close part of the position before the low of the day 4.10, and hold the rest until the close of the session or close this trade in parts (for example, part of the position RR 1/3, another part RR 1/5, etc.) in accordance with your trading system. Risk Reward: 1/7
NASDAQ:INDIShort
by AlexX31
Stock Of The Day / 12.02.24 / SMCI12.02.2024 / NASDAQ:SMCI Fundamentals. Positive news - the special committee found no evidence of misconduct. Technical analysis.   Daily chart. Strong day level 40.0 is ahead. This level was held and confirmed by touches and false breakouts for several months. Premarket. High premarket volume. Gap Up. Trading Session. The first reaction at the level is a clear rebound at 10:40 a.m., then a pullback on downward volumes. 11:18 a.m. false breakout of 40.0 level, then a very small pullback on decreasing volumes and a quick return to the level. We are considering long trade. Trading scenario: breakout of level 40,0. Entry: 40.40 breakout and holding behind the level. Stop: 39.59 we hide it behind the low of the breakout candle. Exit: Close part of the position around 43.7 when signs of weakness in the uptrend appear. Close the position around 42.74 after an unsuccessful attempt to update the high of the day. Risk Rewards: 1/4
NASDAQ:SMCILong
by AlexX31
Daily analysis of intraday trading in US stocksWhat is this blog about? The blog is dedicated to intraday trading on the US stock market (NYSE, NASDAQ exchanges). After each trading session, I choose the most interesting and understandable stock in terms of making a profit and do a detailed analysis of it, indicating the prerequisites for opening a position, entry and exit points. The analysis is conducted in accordance with the applied trading system, which is based on the price reaction to horizontal levels (rebound, breakout, false breakout) and volumes. I do not use indicators. Each analysis is accompanied by a screenshot of the trade. There is a daily (and in some cases, hourly) chart in the upper part, which is used to analyze the overall picture and draw daily levels. There is a minute (in some cases, two-minute) chart in the lower part, which is used for intraday analysis, drawing intraday levels, entering and exiting a position. What is the practical benefit of trade analyses? Broad visual experience is one of the key components of successful trading on financial markets, in addition to the trading system, psychology and risk management. Normally traders spend thousands of hours looking at charts before it starts to bring positive results. However, simply looking at the chart is not enough. We need to understand what exactly we are looking for there and what situations allow us to make a profit with a higher probability. Analysis of trades helps to solve one of the main problems of beginner traders - lack of visual experience, and for experienced traders this is an opportunity to add/correct their trading system with new trading scenarios. How to select stocks for trading? It is important to select the right stocks every day that have the potential to make a profit with a high probability, in order to be successful in intraday trading. Main criteria for selection: 1. High liquidity (trading volume from 1,000,000 units and above) 2. High activity in the premarket 3. Pure directional movement 4. The stock movement does not repeat the market movement 5. "Respect" for levels both in the premarket and in the main session 6. The presence of a catalyst for movement (news, earnings, technical etc.) These criteria are perfectly suited to the so-called Stocks In Play, which make significant non-standard movements within one trading session, which often exceed the standard price movement (ATR) several times, influenced by a strong catalyst background.
AMEX:SPY
by AlexX31
Tingo Group Stock: A Strong Buy for Tech InvestorsThe tech industry is constantly evolving, and it can be difficult for investors to identify which companies are worth their investment. But when it comes to Tingo Group Stock Company, the answer is clear – this innovative company is a strong buy for tech investors. As of June 2023, Tingo Group stock has reached a strong demand imbalance in the weekly timeframe, located at $0.9 per share. This makes Tingo Group one of the hottest tech stocks on the market right now.
TLong
by AlfonsoMoreno
3
X MY STOCK OF THE DAY-Sitting on 200DAY EMA!On top of Gov shut down looming, the infrastructure bill must be bi partisan and agreed on. I feel this will make a big impact on X as it already has since Biden has been in office. Yesterday EOD perfect bull flag, wish I entered yesterday can't always get what ya want. Long term bull here since$7 bucks or so I'd play this maybe with a vertical or butterfly where it seems to keep a nice range as far as options go. Its currently sitting right on 200dEMA so we will see
NYSE:XShort
by jcoulam