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Vwapband

BYND is signaling a reversal LONGBYND on the 15 minute chart has been in a VWAP band breakdown finally slowing down with the ranging of the candles transitioning from wide body candles into ones more narrow. Earnings were a very mild beat in the thick of the fall as apparently traders expected more. The zero-lag MACD has crossed lines under a red histogram that flipped green. The dual time frame RS Indicator shows low green TF and higher black TF low in the range but holding over 20-25. Relative to the fall of price this is hidden bullish divergence. My analysis is that this is BYND at the near term bottom awaiting my long reversal trade. I will target 15.4 and 16.3 from the upside VWAP lines. If you are interested in my idea for a call option trade please leave a comment. If you find the idea helpful please leave a like or even a follow.
NASDAQ:BYNDLong
by AwesomeAvani
1
PSNY Polestar EV Sector Penny Stock LONGPSNY ( www.nasdaq.com production-race) as a niche EV manufacturer has a production schedule which rivals LCID, RIVN FSR and others. On the 15 minute chart shows the trend down of price and then a reversal deep in the undervalued and oversold area of the lower VWAP bands. The MACD shows lines crossed and then ascending crossing over the zero line and positive histogram. The dual time frame has consistent information with rising RS shown in both time frames. Price has crossed over the POC line of the volume profile suggesting buyers have predominated. I will take a long trade here targeting first VWAP at 4.55 and then 4.75 the level of the double top of July 18/19 with a stop loss below the POC line at 4.32 the stop loss of a dime compares with the profit potential as analyzed.
NASDAQ:PSNYLong
by AwesomeAvani
2
PLUG rises on EV Sector strengthPLUG on the daily chart demonstrates a VWAP breakout having first trended down into the lowermost VWAP bands from anchored VWAPs originating in November 2022 and January 2023. Fundamentally, PLUG is burning cash but less of it with each succeeding earnings report. In the past two months price has ascended through a couple of VWAP lines and has now crossed the mean VWAP in a sign of bullish momentum. Price bounced up from the POC line of the volume profile in a demonstration of bullish buying power and buyers defending that support level. The dual RSI indicator shows that the 3-hour time frame RSI line in blue crossed over the slower weekly time frame RSI line in black about June 28 and they are both above the 50 level is another bullish sign. On June 30, the zero-lag MACD had its lines descend to the horizontal zero line and bounce upward over a positive histogram. The relative volume indicator shows increasing overall volumes with the mean rising from 15M to 26M daily overall. The presumption is that increasing volume supports price action while decreasing volumes would cause price and volatility stagnation. From this analysis, I conclude the time is right for a long-swing trade of PLUG. i will zoom into a 15-30 minute time frame seeking a pivot low from which to enter using a stop loss of 12.15 and targeting those upper aVWAP bands/lines.
NASDAQ:PLUGLong
by AwesomeAvani
NFLX builds more momentum LONG for nowNFLX has been trending up for three weeks. If the trend is getting old it is now showing. Based on a set of two anchored VWAP bands originating June 1 and June 15, Netflix is breaking through VWAP bands from the lower -2 standard deviation lines to the +2 standard deviation lines and nearly the third upper deviation lines. This is a clear and convincing VWAP breakout with buyers in overwhelming control Trading volume today is about 4 or 5 times the running average and about 1M. Volume support for price action is obvious. The dual time frame RSI shows 1 hr TF RSI (blue line) shot up crossed over the daily TF RSI (black line) and is retreating a bit. The daily RS is below 80 and still trending up. The MACD shows a classical bullish momentum pattern with the lines well above the histograms. Overall NFLX has the risk of overextension and possible topping with a fade afterwards. The mass index indicator shows a value into the reversal zone but until the value rises and the drops to 26.5, the trend is still intact. I will take a long trade here, hoping for a quick 5% ROI between now and the end of the week and about 50% on an options trade with a strike of $500 expiring July 28th which I will close upon a confirmed reversal and use the profits realized therefrom to buy a put option to take a ride down.
NASDAQ:NFLXLong
by AwesomeAvani
1
PSNY Polestar EV Startup Can it Rise from Bottom?PSNY ( Polestar) has dropped to its lows after an earnings report which shown it still has no cash flow but at least the losses are less than projected by the analysts. On the chart zoomed out, price is in megaphone pattern which demonstrates increasing volatility. Price is at the bottom support trendline and one standard deviation below the anchored VWAP. This suggests 15% upside in the immediate short term. Price action is starting to resemble that of Fisker (FSR) . I see this as a risky swing long trade as price tries to rise to the VWAP and POC line of the volume profile. ( PSNY is in better shape than NKLA and RIDE but not by a whole lot ) I would be very reluctant to make an investment in Polestar but happy to play the volatility for profit.
NASDAQ:PSNYLong
by AwesomeAvani
2