EquityCast
PlusEntry: $67.83 Stop loss: $67.70 Target: 69 Risk to Reward: 1 : 9 Just entered. Bounce play to 69 at local support. Tight risk.
The 200 DMA is currently serving as resistance after an epic run. Even if this becomes a bullish trend change, nothing goes up in a straight line and vice-versa. It is due for some consolidation to continue going higher. Example Trade: Short: 83.40 Tight Stop Placement: 83.60 Scenario 1: PT 1: 81.5-81.70 (prior resistance turned support represented by the...
My Position Initial Buy: 256.50 Second Buy: 259.50 Total Average: 258 Stop Loss: 256 Price Target: 278.50 Here is an example of a "Last Call" bullish entry. I am forecasting an explosive move upwards post United Health Group earnings tomorrow. This has been a laggard compared to its main peers UNH and Humana. Entry: 261.32 (20 day moving average on the 4 hour...
Entry: 150.75 Stop: 151.15 PT: 142.50 (gap fill) Risk to Reward (R/R): 20.62 Walmart looks overextended and has rejected 151 3 times including today. Stop is placed at 151.15, a few cents above the recent high of 151.12. Low risk / high reward!
Via SCO Shares: Due for a pullback and looking toppy. Time for some mean reversion. SCO Limit Order Entry Fill: 21.53 Stop: 21.45 PT #1: 22.30 Risk to Reward (R/R): 1:9.63
Limit Order Entry: 92.9 Stop: 92.60 PT 1: 93.75 PT 2: 95.75 Risk to Reward (R/R): 1:9.50 Just got filled. Very tight stop. Looks good for a reversal.
Risk to Reward (R/R): 1 to 4.5 Entry: 69 Stop: 68.50 PT #1: 71.25 Subject to profit-taking prior to price target and increasing stop loss to break-even as appropriate.
Limit Order Entry Fill: 21.53 Stop: 21.45 PT: 22.30 Risk to Reward (R/R): 1:9.63 Shorting Oil via SCO shares Round 2
Entry: 73.50 Stop: 73.10 PT: 76.00 Risk to Reward (R/R): 6.25
Risk to Reward (R/R): 1 to 13.61 Got my limit order filled this morning after waiting for 4 trading days. Trading with limit orders at larger time frame support eliminates any impulsive buying on a dip. The market must take me in at a desired price for my participation. There's always a designated entry, stop and minimum of 1 price target. Limit Order: 75.10 (20...
Currently short via SCO shares with a tight stop (separate post) at this resistance point. As the old adage goes: buy support, sell resistance.
Limit Order Entry Fill: 22.30 Stop: 22.20 PT: 23.15 Risk to Reward (R/R): 8.5 OilWTI currently at resistance. If it breaks through resistance, we mitigate our risk with a tight stop just below the recent lows.
HK is setting up for a very nice next 18-24 months. Expecting some chop over the next few weeks and an eventual push through the inverse head and shoulders neckline. This coincides with a weakening dollar which is setting up a head & shoulders pattern in an inverse correlation.
Multi-year bull flag breakout looks to be successfully back-testing and flipping resistance to support. Taking the approximate length of the pole, Gold should eventually get to 2800+ over the next 12-18 months.
Nearing the bottom of the right shoulder on an inverse H&S. Gap filling 255 before launching. Implied target of the IH&S takes you to an area of confluence being the previously failed IH&S neckline.
Bullish hammer weekly candle for oil WTI and it bounced off support (long-term trend line and area of confluence where past resistance is now support). You can also see the selling is starting to taper off (lower volume) and the MacD indicator is showing signs of a potential reversal in trend as the selling pressure eases and buyers defend 85.
Oil WTI broke down out of the wedge and it now looks like what used to be support has now flipped to resistance in the short-term. With the on-going war, I don't see oil dropping below 90 but would not be surprised to see it drop $3-5 more in the upcoming days. The coordinated SPR will also put a lid on and prevent any further large spikes in oil for at least...
380-400 is my target to buy. MacD on the daily is curling and about to cross downwards meaning there could be further downside pressure on the stock. The bottom trendline shows where to consider a high probability bull trade. Good luck and not financial advice.