SWING CALL STRONG MOMENTUMBUY LUPIN IN DIPS NOW 967.65 WITH SL 874 TARGET 1050 1100 STRONG MOMENTUM IN STOCKS WITH VOLUME SUPPORT
Swingtradesetup
INTU - 7.09% Potential Profit - Ascending TriangleAscending Triangle broken out after a 6-month modest bull run.
- Target Entry $319.01
- Target Stop Loss $313.83
- Target Exit $339.72
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
FB - 16.90% Potential Profit - Uptrend Corridor BounceUptrend Corridor characterized by large volatility and a strong support line.
Support manage to hold up quite well even during the recent meltdown.
- Target Entry $266.76
- Target Stop Loss $262.48
- Target Exit $311.59
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
MO - 4.86% Potential Profit - Ascending TriangleAscending Triangle broken out after a 6-month modest bull run. Multiple support confirmation on the 5-min chart.
Support manage to hold up quite well even during the recent meltdown.
- Target Entry $43.09
- Target Stop Loss $42.62
- Target Exit $45.02
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
MDT - 5.27% Potential Profit - Corridor BreakoutKeeping the Stop Loss at circa -1% in order to preserve capital. All trades have an elevated degree of risk this week. The market can turn anytime. This doesn't mean that we need to stop trading.
Corridor broken out after a 3-month correction followed by a promising 3-month bull-run. Indicators are obviously not on our side, since we are playing the bounce.
- 3-month Uptrend
- RSI + Stoch below 50 (!)
- MACD below Signal (!)
Target Entry $104.90
Target Stop Loss $103.80
Target Exit $110.41
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
AVY - 7.83% Potential Profit - Ascending TriangleAscending Triangle broken out after a 6-month bull run with a 3-month correction.
We are trying to capture the run right out of the gate, hence there is limited support confirmation. However, momentum is there and the RSI / STOCH / MACD are on our side.
- Target Entry $128.05
- Target Stop Loss $126.00
- Target Exit $137.85
About me
- P/L September +33.74% | August: +203.83% | Historical Win Ratio 75.00% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
NUAN - 5.69% Potential Profit - Corridor BreakoutThis is an unusual play for me since I don't usually trade uptrend corridors breakout, especially when they hit ATH. However, there is an unusual volume on this specific stock, and their tech partnership with Microsoft might act as a short term catalyst.
Uptrend Corridor broken out after a 6-month bull run.
Decent amount of new support confirmation on the 15-min chart. Momentum is present, and the RSI / STOCH / MACD are on our side. My priority is to enter with a Buy Limit in order to decrease risk. However, a higher-risk appetite might justify chasing the run with a Buy Stop.
- Target Entry $33.03 (Buy Limit) or $33.25
- Target Stop Loss $32.63
- Target Exit $35.00
About me
- P/L September +33.74% | August: +203.83% | Historical Win Ratio 75.00% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
STOR - 13.01% Potential Profit - Bullish PennantBullish Pennant broken out after a 6-month bull run.
Momentum is set to continue with the company increasing dividends and announcing an increase of Real Estate acquisitions next year, strong of a good relationship with their tenants.
Decent amount of new support confirmation on the 15-min chart. Momentum is present, and the RSI / STOCH / MACD are on our side.
The only line of concern is that it is set to open below support according to Pre-Market data. I would wait a few minutes into the trading session before entering an order and potentially slightly change my entry/stop based on it.
- Target Entry $29.43
- Target Stop Loss $29.11
- Target Exit $33.56
About me
- P/L September +33.74% | August: +203.83% | Historical Win Ratio 75.00% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
SYF - 5.75% Potential Profit - Ascending TriangleAscending Triangle broken out after a 6-month bull run.
We are trying to capture the run right out of the gate, hence there is limited support confirmation. However, momentum is there and the RSI / STOCH / MACD are on our side.
- Target Entry $27.51
- Target Stop Loss $27.26
- Target Exit $29.04
About me
- P/L September +33.74% | August: +203.83% | Historical Win Ratio 75.00% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss
PBCT - 5.24% Potential Profit - Descending TriangleThis trade will serve me as a hedge against the other long positions that I'm planning to open today. This week we need to play conservative and take home whatever we can. Targets are moderate and realistic, and I aim to close positions fast, often before the end of the day.
Allocate less than usual capital if you would like an extra layer of safety. The market is uncertain and we want to keep our risk to the minimum.
Descending Triangle broken out to the downside after a 6-month downtrend. There is a lack of confirmation of the new resistance, which is a concern. Not ideal, however, I will venture regardless, as I'm chasing price action and keeping the Stop Loss really tight.
- 6-month Downtrend
- RSI + Stoch below 50
- MACD below Signal
Target Entry $10.13
Target Stop Loss $10.25
Target Exit $9.61
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
GS - 4.30% Profit Potential - Bearish PennantThis trade will serve me as a hedge against the other long positions that I'm planning to open today. This week we need to play conservative and take home whatever we can. Targets are moderate and realistic, and I aim to close positions fast, often before the end of the day.
Allocate less than usual capital if you would like an extra layer of safety. The market is uncertain and we want to keep our risk to the minimum.
Bearish Pennant broken out to the downside after a 6-month bull run. There is a lack of confirmation of the new support, which is a concern. Not ideal, however, I will venture regardless, as I'm chasing price and, again, it serves me as a hedge.
- Uptrend Support Broken to the Downside
- RSI + Stoch below 50
- MACD below Signal
Target Entry $203.14 (Limit)
Target Stop Loss $205.44 (Conservative) or $208.16 (Technical)
Target Exit $194.51
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
V - 7.17% Profit Potential - Corridor BreakoutBe careful with this one. It is a highly risky trade from a technical perspective, however, I'm keeping the Stop Loss at circa -1% in order to preserve capital.
We traded V a couple of weeks ago, and we made a quick 4% . Visa is one of my favorite stocks to trade and it hardly disappoints me.
Corridor broken out after a 3-month correction following an incredible bull run. Multiple support confirmation on the 5-min chart. Support manage to hold up quite well even during the recent meltdown. Indicators are obviously not on our side, since we are playing the bounce.
- Historical Uptrend
- RSI + Stoch below 50 (!)
- MACD below Signal (!)
Target Entry $201.79
Target Stop Loss $199.17
Target Exit $216.01
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
ADP - 4.64% Profit Potential - Bearish PennantThis trade will serve me as a hedge against the other long positions that I'm planning to open today. This week we need to play conservative and take home whatever we can. Targets are moderate and realistic, and I aim to close positions fast, often before the end of the day.
Allocate less than usual capital if you would like an extra layer of safety. The market is uncertain and we want to keep our risk to the minimum.
Bearish Pennant broken out to the downside after a 6-month attempt to run. Medium level of confirmation of the new resistance on the 5-min chart.
- 3-month Downtrend
- RSI + Stoch below 50
- MACD below Signal
Target Entry $137.25
Target Stop Loss $138.99
Target Exit $130.54
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
QSR - 7.63% Profit Potential - Bullish PennantThis week we need to play conservative and take home whatever we can. Targets are moderate and realistic, and I aim to close positions fast, often before the end of the day and I keep my stop losses really tight.
Allocate less than usual capital if you would like an extra layer of safety. The market is uncertain and we want to keep our risk to the minimum.
Bullish Pennant broken out after a 3-month correction. Multiple support confirmation on the 5-min chart, except the 9/11 violation due to the overall market meltdown.
- Historical Uptrend
- RSI + Stoch above 50
- MACD below Signal (!)
Target Entry $55.85
Target Stop Loss $54.98
Target Exit $60.04
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
FL - 8.46% Potential Profit - Bullish PennantThis week we need to play conservative and take home whatever we can. Targets are moderate and realistic, and I aim to close positions fast, often before the end of the day.
Allocate less than usual capital if you would like an extra layer of safety. The market is uncertain and we want to keep our risk to the minimum.
About Entry / Exit, I have two options, based on how the market opens. A Limit or a Stop buy - Stop Losses change accordingly.
- 6-month Uptrend
- RSI + Stoch above 50
- MACD above Signal
Suggested Entry $32.19 (Limit) or $32.87 (Stop)
Suggested Stop Loss $31.46 (if you enter Limit) or $32.26 (if you enter Stop)
Target price $34.97
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
KO - 3.29% Profit Potential - Corridor BreakoutThis week we need to play conservative and take home whatever we can. Targets are moderate and realistic, and I aim to close positions fast, often before the end of the day.
Allocate less than usual capital if you would like an extra layer of safety. The market is uncertain and we want to keep our risk to the minimum.
- Breakout past a long correction
- RSI below + Stoch above 50
- MACD above Signal
Suggested Entry $49.85
Suggested Stop Loss $49.34
Target price $51.50
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
EXPE - 7.75% Potential Profit - Ascending TriangleWe traded EXPE a couple of weeks ago , and we made a decent 4% return.
Ascending Triangle broken out after a 3-month correction following a great bull run. Multiple support confirmation on the 5-min chart. Support manage to hold up quite well even during the recent meltdown. Indicators are obviously not on our side, since we are playing the bounce.
- 6-month Uptrend
- RSI + Stoch below 50 (!)
- MACD below Signal (!)
Target Entry $97.50
Target Stop Loss $96.95
Target Exit $104.98
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
DKNG - 10.40% Potential Profit - Bullish PennantThis week we need to play conservative and take home whatever we can. Targets are moderate and realistic, and I aim to close positions fast, often before the end of the day.
Allocate less than usual capital if you would like an extra layer of safety. The market is uncertain and we want to keep our risk to the minimum.
Bullish Pennant broken out after a 3-month correction. There is a lack of confirmation of the new support, which is a concern. Not ideal, however, I will venture regardless, as I'm chasing price right out of the gate and I'm keeping Stop Loss tight as a reflection of the risk
- 6-month Uptrend
- RSI + Stoch above 50
- MACD above Signal
Target Entry $39.97 (Limit)
Target Stop Loss $39.56
Target Exit $44.20
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
J - 7.44% Potential Profit - Ascending TriangleThis week we need to play conservative and take home whatever we can. Targets are moderate and realistic, and I aim to close positions fast, often before the end of the day.
Allocate less than usual capital if you would like an extra layer of safety. The market is uncertain and we want to keep our risk to the minimum.
Ascending Triangle broken out after a 3-month correction and ATH since COVID's crash. There is a lack of confirmation of the new support, which is a concern. Not ideal, however, I will venture regardless, as I'm chasing price right out of the gate and I'm keeping Stop Loss tight as a reflection of the risk
- Historical Uptrend
- RSI + Stoch above 50
- MACD above Signal
Suggested Entry $92.85
Suggested Stop Loss $91.83
Target price $99.21
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
SPOT - 4.05% Profit Potential - Support Corridor BreakoutThis week we need to play conservative and take home whatever we can. Targets are moderate and realistic, and I aim to close positions fast, often before the end of the day.
Allocate less than usual capital if you would like an extra layer of safety. The market is uncertain and we want to keep our risk to the minimum.
- Breakout past a 3-month correction
- RSI + Stoch below 50
- MACD below Signal
Suggested Entry $237.80
Suggested Stop Loss $240.64
Target price $228.19
About me
- August P/L: +203.83% | Wins 85.19% | No Trades without Analysis
- Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
Could This Week Be In Favor Of The Bears?The monthly chart on gold is showing that we have created a big doji in an overbought zone. This may be signaling for the sell.
Currently, price looks like it's consolidating on a higher time frame. So what I'm waiting to see is will it break the overall bullish trendline for the short, or will it bounce off the 1924.42 zone to continue up into unknown territory.
If we break the trendline, it's gonna be a hell of a drop back to the monthly 1805.30 area that I have. Maybe longer if the US can behave with its economy and the virus. Let's see.
What is also signaling the sell in favor of the USD is, of course, the DXY chart. The DXY has hit a major key level zone on the weekly and it looks to be signaling that it's going to go up. So I'm actually crossing fingers to have a very nice swing trade sell with this pair.
BEAR TPS:
• 1931.37
• 1890.45
• 1846.39
• 1811.89
BULL TPS:
From the trendline…
• 1974.53
• 2008.74
• 2073.64
WYNN - 25.41% Potential Profit - Corridor BreakoutCorridor Breakout graduating from a 2-month correction period. Note that vaccine-related news might make or break this trade, this is why I keep the stop loss fairly tight. However, I feel positive given today's news and the upside could be massive.
Target price set at a new potential resistance line.
- 3-month uptrend followed by a 2 month correction period that might be over amid positive vaccine news
- RSI + Stoch well above 50
- MACD above Signal.
Suggested Entry $86.84
Suggested Stop Loss $84.59
Target price $110.86
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
HPQ - 15.14% Potential Profit - Ascending TriangleIn order to decrease the risk associated with this trade, I strongly recommend waiting for tomorrow's earnings call: I like to play it safe and decrease unnecessary exposure when possible. A negative price reaction to earnings might invalidate this whole trade.
Ascending Triangle with clear uptrend Support.
Target price set at a new potential resistance line.
- 5-month Uptrend
- RSI + Stoch above 50
- MACD above Signal
Suggested Entry $18.51
Suggested Stop Loss $17.75
Target price $21.31
Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved as long as there are no strong pullbacks that trigger my new adjusted stop loss.
