LTFT breaks out over lower VWAP bands LONGLYFT on a 15 minute chart hit a high pivot about 3/20 and then fell until April 4 where a low
pivot reversal occurred. VWAP lines and a volume profile serve to support a bullish bias.
LYFT will likely rise to the Fibonacci level on the chart confluent with the mean anchored VWAP
or the zone of 19.25. If there is enough momentum passing through that high volume, liquidity
and volatility zone it could continue and push into the 20 level. I will take a long trade here
also noting the TSLA news regarding RoboTaxi has potential relevance. It is not beyond the
realm of possibilities that a partnership between TSLA and LYFT and or UBER comes on the
scene. This would provide a further catalyst of fundamental support for LTST's market cap.
Vwapbandbreakout
WM Waste Management ( Garbage Collector / Recycler ) LONGWM on a 180 minute chart shows a trend up since the October earnings. The January earnings
substantially beat the earnings from the October report and the uptrend accelerated. The chart
shows both VWAP band and volume profile breakouts persisting over 5 months. I have added to
my long-term position in WM with call options for January 2026 striking $200. These have
expensive premiums but I believe there is high value showing on the chart. I have taken partial
significant profits from the $190 calls for January 2025 and am rolling the remaining a year
forward. I will also buy a lot of shares now and hold them for about 4 weeks closing out most
of the position a few days before earnings and hold the remainder through the earnings.
Profits will be used to buy another call option.
SOFI flat to slightly negative YTD LONGSOFIR showed here on the 30 -minue chart has had great volatility in going no where since
the start of the year. Volatility can be harnessed for profit. This is the essence of swing
trading. With an intermediate term anchored VWAP band and line setup, it can be readily
seen that price first was resisted by the second lower band line in purple then broke out
through the band lines to meet resistance at the second upper band line ( again in purple)
and broke down through the band lines to get support at the first lower band and then
reversed and returned to the second upper band where it was rejected and fell into the
support of the second lower band from which it is now bouncing. This is a VWAP band
oscillation pattern which can be traded. I will take a long trade of SOFI here, first
targeting the mean VWAP at 8.05 and then 8.6 below the first band and finally 9.05
below the second upper band. Partial closures at 25%, 50% and 25% respectively.
I see this as a way to exploit SOFI volatity in swing trade profits which can also setup as
short trades.
NIO Long on Disappointing EarningsNIO's disappointing earnings were not a surprise. Given the context of China's recession, NIO
did better than many expected. TSLA is down as well. NIO is doing as well as most of its peers.
On the 120 minute chart, NIO is down 60% from the end of the year highs. The RSI indicator
confirms that NIO is in oversold undervalued territory. NIO is at the bottom of the high volume
area of the profile and has been trending down with the first lower VWAP line as resistance.
I see NIO as likely to trend up as the China economy improves and for that to be reflected
in the next earnings report. NIO's innovative battery swapping program where the car owner
buys a car without a battery and is able to swap out an energy depleted battery for a freshly
charged one in 3 minutes at any of the NIO owned battery stations as a way for NIO
to excel no matter competition from the others in China including TSLA. NIO is now selling
cars in Scandinavia which should serve as steeping stone to further expansion in Europe.
HCP runs to earnings on March 4th LONGHCP is a computer infrastructure company. The December earnings were a 160% beat. Given the
quicky evolving AI supertrend, the earnings might be expected to be another big beat. However,
that could be baked into the price. However, the explosive volatility of the last trading session
say otherwise. I will take a long trade here and chase this stock. I see it as pulling out of a
pullback and continuing on higher time frames.