CheelooTrader

CheelooTrader Updated 

Trying to breakout of this downward channel. Weekly looks healthy. 14 is critical support for the upside thesis to work. if it breaks out, 18 comes quick. Would like for it to spend some time there before next upside level.

CheelooTrader Updated 

Spectacular earnings growth combined with the volume profile I feel this company should start to break out next year as the macro situation improves. I personally love the brand and have many of my friends wear their shoes. They claim Premium price, profitability should be higher. No position yet, but keeping an eye on how it develops over the next few months.

CheelooTrader

All things are pointing up. Breakout of this triangle should be a good one. Likely to grind up to 48 and set up near ATH before next ER. You know the drill ;) Disclosure: I have partial position at 42. Stop loss 41.5

CheelooTrader Updated 

If you want to know where price is going to be, look for the history. Will this break out of this range and head higher or flush below? if it can close above 65 this week, I would keep an eye on it above 68. It moves quickly so a news could push this over/under. Long via commons and options. stop loss = 63.0

CheelooTrader Updated 

beautiful I H&S pattern emerging. Right shoulder is still building. Longer it takes to break out, bigger the move. Presents great R/R as stop loss at 13 should ensure good cushion. Long via commons at 14.

CheelooTrader Updated 

With all the AI meme companies rocking the market last year, this behemoth has silently honed its skills in that domain and could stand to benefit from the mass AI adaption in years to come. Monthly chart clearly shows the potential. 2024 is likely to mark the turnaround year for IBM. Upside targets: 175, 190

CheelooTrader Updated 

Working an Inverse H&S pattern on the daily. Nice R2G move today confirms the pivot. High short interest could start a squeeze to 30. Backtest of 26 will likely act as tigger. Long via commons at 24.30 with 23.40 as the stop loss.

CheelooTrader Updated 

A lot of big semi names have reported great earnings and have had positive reactions. Took out VMA and 200 EMEA yesterday on a good volume. Follow through to 22 is likely. I would look consolidation below for new pivot. PA favors EOD run up to 28 and new weekly zone for next ER. No position yet, but keeping close eye for entry.

CheelooTrader Updated 

Month price tagging 200EMA with a falling wedge set up. Volume above 28 is needed to confirm the hold and further breakout. Risk/Reward is good here only for LT passive accounts. Still needs more work for this to work as a good trade. Flag on daily should atleast test the trendline around 30. No position yet.

CheelooTrader Updated 

Held a multi year support and now basing at a critical level. 22 is likely to be pivot in new few days. Above price can hit 29 and pull back before resuming its journey to 49. If 22 is lost, 19 has some support, but then base becomes thin for a big rally. Long via commons at 21.5

CheelooTrader Updated 

Accumulation above 60 VMA +++ Backtest of the trendline support ++ Holding on the volume shelf + ER on Nov 16 might break this one or the other. Good R/R here with small stop loss. ERs have been very volatile with huge swings. I prefer this to breakout and base for next leg up. No position yet.

CheelooTrader Updated 

Broken charts take time to heal and this one is showing signs of improving. Pullback from 200EMA but at volume shelf. Still could go either way. Distribution here again would be catastrophic. Tight PA here around 10 bodes well for 12.50. watch for flag on the daily for potential gap fill above. No position yet, but on close watch

CheelooTrader Updated 

87 was the pivot on the multiple TFs. Inverse H&S pattern emerging. Holding well into the previous high of 115. If daily tightens next week, watch for the short squeeze to 205 for the next move. No position in this name but own other crpyto names - MARA and RIOT

CheelooTrader Updated 

Seemed like this name lagged the market last year, but now basing on weekly timeframe for nice run. EMA 5D is working good. Constructive volume in the supply. 44-47 is a chop zone. if it can build here, next upward move is likely to be violent. 20% short float can add fuel to the fire. Targets: 47, 49, 53 and 58 Disclosure: I am long via commons at 39.

CheelooTrader Updated 

Held 18.50 again and printed a green candle at the previous high around 20 Another test and hold of that level could trigger a squeeze to 23. I added more at 20 yesterday and will add above 20 if it continues to build. It can reach 28 on next upward move. Close below will invalidate this hypothesis.

CheelooTrader

It's hard not to get excited by that daily flag. Next target is clearly 5. I would like it to test 6 around the 200 EMA and flag there on its way to 11. Long via commons at 3.55 with B/E stop loss

CheelooTrader Updated 

Showed strength on the latest decline. I got in at 15.30. All EMAs UP +++ Strong volume shelf at 15 ++ Likely to push to 22 before pull-back. New pivot there would set this up for another big run into the Christmas.

CheelooTrader Updated 

Broke out of falling wedge around 109 and is moving well in the supply zone. With two wars, geopolitical risks are high and this could play out as a good hedge. First target would be around 117. New pivot there might set this up for higher price. I am long from 109.50