ASPI LongLong Trade Idea: Entered long after a strong bullish move followed by a retracement into a key discount demand zone. Price is showing signs of support, and indicators confirm bullish momentum. Expecting a continuation of the uptrend.
ASPI trade ideas
Looking for an excuse to MOONI'm pretty sure the damage done by the internet troll that badmouthed NASDAQ:ASPI has played out and if the market shows any signs of moving higher, this guy will draw some attention.
What I'm looking for;
Price is pushing against 6$ resistance and I will probably avoid the breakout unless price action is clean for a day trade. Price dropped pretty fast from it's recent push due to some false reporting by a troll, so I suspect a lot of bag holders (part of the plan, right?). This means to me, the breakout will sell off and settle down at some price and start creating opportunities. I try to compare my thoughts to prior price charts, this one looks to me like it can shape up like NASDAQ:IREN September to December 2024. Honestly, I'm pulling this out of my butt like everyone else, so take it with a grain. I do this report and analysis to help my trading, and it does help.
The play;
Follow price action, this helps me avoid counter trend trading too much, and look for buys off important trend lines. I day trade using the box and 5 min breakout methods in the morning, and price action after that. Good luck
Channel formed, ready yourself for the breakout Looks like resistance at 5.70, support at 4.30. Next break and retest should be bullish. I have moved this up in my watch list. Good luck 👍
Approaching major support on weekly chartStrong support at yellow line. Look for bounce soon. Added shares today. Already up few pennies. Be patient and add slowly, no option.
Crazy move that might be an opportunity I am struggling trust the analysis of someone calling themselves "Fuzzy pancake". I'm buying here and expecting it back in the 7's
ASPI Short (Overbought) Asset Class: Stocks
Income Type: Daily
Symbol: ASPI
Trade Type: Short
Trends:
Short Term: Down
Long Term: Up
Set-Up Parameters:
Entry: 3.52
Stop: 3.64
TP1 2.92(5:1)
Trade idea:
1h RBD formed as the stock overbought, trading the correction of the uptrend targeting the formed FVG and the DZ at 2.90
!!Be aware of pending Economic Reports. If price is within 20 pips of proximal value at time of major impact report, then Confirmation entry.
Trade management:
**When price hits 1:1 or T1, consider moving stop to entry in case of pullback.
**Disclaimer**:
The trading strategies, ideas, and information shared are for educational and informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any securities, currencies, or financial instruments. You should do your own research or consult with a licensed financial advisor before making any trading decisions. The author assumes no responsibility for any losses incurred from following these trading ideas.
ASPI LONG 11/10/2024Asset Class: Stocks
Income Type: Daily
Symbol: ASPI
Trade Type: Long
Trends:
Short Term: Up
Long Term: Up
Set-Up Parameters:
Entry: 2.82
Stop: 2.67
TP1 3.26 (3:1)
Trade idea:
1h RBR at breakout, and within a FVG
Uptrend continued
!!Be aware of pending Economic Reports. If price is within 20 pips of proximal value at time of major impact report, then Confirmation entry.
Trade management:
**When price hits 1:1 or T1, consider moving stop to entry in case of pullback.
**Disclaimer**:
The trading strategies, ideas, and information shared are for educational and informational purposes only. They do not constitute financial advice or a recommendation to buy or sell any securities, currencies, or financial instruments. You should do your own research or consult with a licensed financial advisor before making any trading decisions. The author assumes no responsibility for any losses incurred from following these trading ideas.
ASPI Stock Swing Trading Idea - Capturing Sellside Liquidity andGreetings, traders! Today, I bring you a compelling swing trading idea for ASPI stock. After carefully analyzing the chart, I have identified significant market dynamics indicating an opportunity to capitalize on sellside liquidity and a market structure shift.
To enter this trade, I recommend considering a position at approximately 50% of the fair value gap. It is crucial to place a stop loss order below the consolidation to manage risk effectively. Now, let's discuss the potential take profit levels:
First Partial: Exit a portion of the position at 0.3920.
Second Partial: Consider taking profits at 0.4381.
Third Partial: Aim for an exit at 0.5476.
Furthermore, it is essential to note that the trade has the potential for a full close at 0.62, strategically positioned just before an actual gap on the H1 time frame.
Remember to adapt your strategy based on the market's movements and always adhere to proper risk management practices. Best of luck with your trading endeavors!
Disclaimer: This trading idea is solely based on technical analysis and should be thoroughly evaluated before making any trading decisions.
