$TSLA - Out of DemandPrecarious situation for $TSLA. We sliced straight through the demand zone this morning.
Next support down will likely be found around 800, if not 760.
Swingsetup
$DIS - Bear Flag Forming, Large Gap BelowWith the recent weakness in the markets, $DIS has formed quite the large bear flag.
If this breaks to the downside, that gap left at $128 is quite a long ways away...
$UPST - Prime Short CandidateBased on overnight futures action, we may experience a gap down tomorrow.
The chart for $UPST looks awful with the stock losing many key levels of support. We're currently at our last level of support before huge downside.
If we break through 106.5, it's extremely likely we see 91 over the coming days. Will enter a short in the morning if my thesis plays out.
$SNAP - Approaching the Disastrous GapThe $SNAP chart looks horrifying. It's quickly approaching the downside gap, which is nearly 20% wide.
Based on overnight futures action, this is a prime short candidate leading into tomorrow.
TATVA CHINTAN SWING TRADE IDEA BY TWJTatva Chintan is currently trading on good support level and has tested it 3 times before making it a reliable level . overall trend is bullish but due to financial results it had a gap down opening which will act as a confirmation for bullish trade ( gap filling method)
Targets 2800 and 3000
sl 2500
$NVDA - The Downtrend Continues$NVDA is still following the downtrend formed shortly after reporting earnings two months ago.
We're currently in a low volume zone, approaching resistance, with a large gap below. Traders beware.
$LCID - Caught at Supply, Lockup Expiry Approaching$LCID is currently caught at a supply zone leading into lockup expiry.
Things could get ugly fast come Wednesday. It's highly unlikely we break to the upside.
$BA - Flirting with a Breakout$BA is currently flirting with a breakout to the top of the channel.
Fakeouts in this name are common, I wouldn't be shocked if we rejected.
Will take calls on a confirmed breakout, puts is we reject towards the bottom of the channel.
$QCOM - Gorgeously Rangebound, Approaching Supply Zone$QCOM has been trading within these levels extremely consistently for the past couple of weeks.
It's likely that we see a rejection at this supply zone overhead as it's fairly substantial and spans a large range.
Looking to take longs with a close and hold above 191, otherwise I'll short the rejection back to the bottom trendline.
$LCID - Short Into Lockup ExpiryI will be entering a $LCID 2/18 36P @ 3.1 as a technical and fundamental trade.
Share lockup expires on the 19th, meaning over one BILLION shares will be unlocked and have the ability to be sold on exchanges, adding immense downward pressure.
Furthermore, we're at the top of our rangebound channel, meaning a technical rejection is highly probable.
To top it all off, the market is incredibly weak and choppy at the moment, adding increased downward pressure on the stock.
Will look to add to my position if conditions are favorable come Tuesday. Setup is invalidated above 45.
USD/JPY BUY SIGNALHey tradomaniacs,
welcome to a new free trading-setup.
USD/JPY:Swingtrade-Execution
Market-Buy-Order: 114.415
Stop-Loss: 114.145
Point of Risk-Reduction: 114.725
Take-Profit: 115.455
Stop-Loss: 27 pips
Risk: 0,5% -1%
Risk-Reward: 4,0
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
UNISWAP!!! SWING-TRADE ACTIVE !!!!!Uni swap has pulled back 60%.
Great area for a reversal to occur.
Horizontal level as support.
Bullish engolfing candle as trigger.
Entry : $15.05
Stop loss : $12
Target 1 : $21
Target 2 : $30
Target 3 : $36
Btw I use a modified shark or cypher pattern and trade it to the 1.618. Use your own caution
$LCID - Rangebound Trading Until Lockup Expiry$LCID has been rangebound within this channel for the past few weeks, forming a nice little volume shelf in the process.
You can consistently trade this range and scalp a couple of percentage points each swing.
This range may become invalidated as of the Lockup Period Expiration which occurs on January 19th.
Traders beware!
$NVDA - Prime Short Candidate$NVDA is looking extremely dicey this week.
We're currently sitting above a gap, with little to NO volume below. If we lose 270 things could get ugly fast.
Next line of support is the channel around 260, and then we've got nothing down till 230.
Prime short candidate once 270 is lost.
$RIVN - Coiling TighterOver the past couple of days, $RIVN has started forming a symmetrical triangle on the 15 minute chart.
As price coils tighter, the likelihood for an explosive move increases. Will keep this one on the watchlist.
With the sharp selloff among growth stocks into value, it's likely that this name will break to the downside.
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GBP/USD SELL IDEAHey tradomaniacs,
welcome to a new free trading-setup.
Notice: This is meant to be a preparation for you. As always we will have to wait for a confirmation!
GBP/USD:Daytrade-Preparation
Important: Waiting for break of support!
Market-Sell: 1.35225
Stop-Loss: 1.35515
Point of Risk-Reduction: 1.34930
Take-Profit: 1.34090
Stop-Loss: 39 pips
Risk: 0,5% -1%
Risk-Reward: 4,0
LEAVE A LIKE AND A COMMENT - I appreciate every support! =)
Peace and good trades
Irasor
Wanna see more? Don`t forget to follow me
$MSFT - Do or Die$MSFT is sitting at an inflection point right at the bottom of it's demand zone.
There is a sizable gap underneath, with our nearest support being around the 305 level.
A bounce here is absolutely necessary for the bulls, otherwise there is a very high chance bears flush us down to the low 300s.
$SOFI - Sitting at DemandVery simple chart! $SOFI has a huge demand zone right around the $14 level.
I would expect a bounce 9/10 times from this level, but with the way the market is shaping up, I'm a little hesitant.
Keep an eye here for a bounce, otherwise we may get taken down to lower lows.
$AFRM - Reversion to Trendline SupportHigh chance $AFRM falls down to the trendline support over the coming days, maybe even lower as it looks to fill the gap.
Take note of the volume shelf underneath! Once the bleeding stops I'm willing to bet we stop around 65 or 70 allowing us to load a long position into earnings!
GOLD - V-Bottom Hints Upside ReversalGold has seemed to form a V-Bottom pattern on the daily chart at roughly 1780 area.
Note that gold has almost touched the 61.8% Fibonacci retracement of the swing from 1680 to 1880 and rebounded.
Furthermore, it seems to hold the uptrend line from 1680 low at August while RSI indicator also shows the bulls are trying to hold the uptrend remained intact.
As long as gold can hold above its swing low at 1759, uptrend still remains valid.
All of this could indicate an upside reversal in the coming days and week. Once gold breaks 1800 level, it will fly very quickly to 1825-1835 resistance level. Its final target should be at 1855-1865 level where the downtrend line remains.
It is good to buy around 1775-1785 with a strict stop loss under 1759.
Targets should be 1830 then 1860.
$F - Temporarily ToppedAccording to my TA, this should be the local top for $F.
We've been running extremely hot these past couple of days, and I expect buyers to get exhausted.
Although I am bullish on this ticker as a whole, I have entered a 1/22 21P short position for the time being to play a temporary pullback.
$BLNK - Sitting At DemandTo those looking to start a long position in $BLNK, today presents us with the perfect opportunity to do so!
We're currently sitting right at a very strong demand zone which has held strong for over a year! This setup is invalidated with a close below demand.
