FluxTrades

FluxTrades

$AFRM had a wonderful falling wedge breakout alongside a reclamation of a former support turned resistance. I'm expecting this ticker to run over the coming days and weeks. PTs : 113, 128.

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$GOOG has a wonderful looking chart! We've had a former resistance become support, and now we're flirting with a potential breakout at the top of the channel! A break to the upside likely takes us up to 3035, while a failed break would send us back down the channel as observed before.

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Historically, $T is an extremely slow mover, which is why I was kind of shocked to see it as a potential breakout trade candidate. For whatever reason, $T keeps aggressively rejecting off of 24.22, meaning that once these sells are cleared out, we're likely clear up to 24.64! Once 24.64 clears we see 25.00 rather quickly. Although this move seems tiny on paper,...

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Since it's large fall from grace, $PYPL has been rangebound from 179 to 193. We've briefly poked our head above 193, only to get shoved back into the channel and resume trading there. We're right back at this key 193, and therefore $PYPL is back on watch for us. A break AND hold above 193 has the potential to take us to to the supply zone at 201 rather...

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$NVDA has formed a textbook bull flag on the four hour chart. We're currently sitting at the upper resistance, flirting with a potential break to the upside. I'll look to enter a position this week given that we have bullish momentum. PT : 311.50

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$NUE has a super awesome setup going into the new year. We've got a textbook bull pennant forming atop a volume shelf, meaning there likely isn't much downside left in this name. Even after the guidance cuts, $NUE is still set to report an amazing quarter, meaning we've got both strong fundamentals and technicals supporting this name. Long $NUE.

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$SPOT gives us the opportunity to play a breakout trade at these levels. Look to go long if we get a breakout over the 238 level. PTs are 245.50 and 256.60. If all goes well we should capture an easy 8% move. Look to go short if we get a breakout under the 216 level. This entry is less likely but it could lead to us catching a swift trip down to 211.

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$PTON has started to look spicy after catching a bid at the supply zone from nearly a year back. This zone may finally mark a stable bottom for this freefalling ticker. A strong breakout from our descending channel could likely catapult us over our overhead resistance. This will be come of my top watches going into the new year.

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$DT is a wonderful ticker for examining how Supply and Demand Zones work while trading. As shown on our chart, once we've identified a potential supply zone, denoted by the red box, sellers will consistently step in at this range, and price will consistently reject until we break out. Upon breaking out, this demand zone becomes a SUPPLY zone, denoted by the green...

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I posted the wrong chart when doing my analysis on this ticker last time, so I'm here to update my error! This is a very interesting sector to keep an eye on after it's gotten relentlessly hammered for the past six months. There are now over 100 biotech stocks selling below cash, meaning these companies literally have more cash on their balance sheet than their...

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$AMAT has been trading within this channel for nearly the past year before breaking out to the upside. It's since come back to retest it's upper resistance, which should now act as support. Given that it holds, we should have a wonderful long entry into a potential 15 point trade!

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This is a very interesting sector to keep an eye on after it's gotten relentlessly hammered for the past six months. There are now over 100 biotech stocks selling below cash, meaning these companies literally have more cash on their balance sheet than their entire market cap! Furthermore, there are 300 additional biotech stocks selling at 1/2 cash (50% of their...

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Over the past couple of days, $UPST has regressed heavily and filled the gap it made back in August. With Fed meetings over, and the newly bullish momentum in the markets, this name is primed to make a hefty reversal. We have a small handful of resistances overhead, but I'm confident we'll be able to surpass them given enough bullish volume . If we run hot...

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Ford has been an awesome name to trade recently. You can consistently enter a trade when we're at the bottom of the trade, and wait to catch a rip to the top. Even on a volatile day like today, we were safely given an opportunity to enter the channel and ride it back up to the top. I'll be looking to exit my position around 21.2!

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QS has had a pretty nasty drop over these past few weeks, running up 100% after stellar earnings, before ultimately coming down 50% back to where it started. We're currently sitting right at a demand zone, with multiple levels of support sitting underneath. I plan on scaling in a small position tomorrow after FOMC, and adding more if we dip to the levels of...

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Hey all! Just gonna get right into it. Dips at 166.62 should be bought. Dips at 164.75 should REALLY be bought. Very high chance we bounce at both of those levels and capture a clean 6.5% move intraweek. A break of 173.35 will likely lead us to 175, and then ATHs. I'm less confident in trading this break simply due to the formation of lower highs. I'm afraid the...

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Hey all! Fairly standard breakout trade for you all! $SBUX has been attempting to break this 117.3 level for a while, and with the way futures are looking, it looks like this week will finally give us our breakout. A break of 117.3 will likely propel us up into the 120s, so I'll be taking some 12/17 120Cs for this trade! Excited to see how this one plays out! I...

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Fairly simple play this time round! Solid company, sitting at a solid level of support. I'm entering a long swing here targeting 60$. Stoploss is at 51.30. Let's see how this plays out! One thing to consider is that we've got a dividend coming up as well, so we'll get to collect a premium in the process!