GlennTrading

GlennTrading

NASDAQ:AAPL breaking out of the stage 1 and entering a stage 2 breakout back to prior support and resistance zones. RSI is a little hot at 67.52 so it may trade sideways to allow a cooling off phase before grinding higher to reach its value. News is that it is investing in the USA. Stop loss would be a trailing stop loss of $4.48.

GlennTrading

Looking purely off of KALV with the range that it has been in and the healthcare sector that it is a part of. IF healthcare sector will continue to rebound, this stock could potentially rebound as well back to the $13-$15 range. It is currently sitting right below the 200 day moving average and seems to be holding support there. I'm considering a stop loss just...

GlennTrading

XLE is looking to create a new run? Possibly with that inverted hammer that we see where sellers failed. It just made a huge gap down that will need to be filled. I could see it testing the $83.41 support and resistance shelf and retracing back to the upside to close the gaps back through $86.41. Looks like much of this can be completed in 3 months, provided...

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Finding stocks in a bull trend is always nice. Even better than a bullish trend is a pull back to the 100 day EMA and possibly the 200 day EMA at $20.14. The market maybe dropping hard but, not every stock is dropping. This one pulled back to provide a better entry for a possible new run. RSI is oversold at 39.14.

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Is INFU putting in a bottom? It sure looks like a base is building over the last week. It looks like the short squeeze is coming in. Volume is low but this one is going on the watchlist. If the volume comes in and the stock continues to climb, it could close the gaps in the targets all listed in grey. This stock is sitting at $5.83 and the analyst have it priced...

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Communications are showing strength. This week they had unusual volume with new highs and seem to have found support. RSI is near the oversold area and XLC is sitting above the current most VWAP. There are support and resistance zones in the horizontal lines in grey. My stop loss will be around 92.89. My exit plan is once the gap is closed on 99.18. The shorts are...

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SOFI has changed its course over the last week and seems to be putting in new highs. We have a gap to close between 13.43 and 13.57 with a support and resistance being around 13.57. The short squeeze seems to be slowing and volume seems to be returning. VWAP is sitting at 16.14, this could and possibly will retest that area once again, with time. RSI is in the...

GlennTrading

Tesla has been purely on a drop lately. It looks like a base is trying to form and the squeeze is slowing. However, I do see a gap with open orders that needs to close around the $217 region. Let's see if it closes this before reversing back to a long position. Time will tell.

GlennTrading

Looks like Energy is beginning to show some signs of growth. It is making new highs and seems to be ready for some upside potential from $87 to $89. If it holds at $89, it could retest $92. Do your own due diligence.

GlennTrading Updated 

Bitcoin with 21million total supply of coins is going to look cheap at this rate. Looking at the charts, Bitcoin is in a bullish trend and rising. VWAP is sitting at 100,899, so there is plenty of room to keep moving forward. It is still trending the bullish sentiment that we have been witnessing. Next stop, right at VWAP, then on to test 102,789.

GlennTrading Updated 

Baby it's cold outside...them Krispy Kreme Doughnuts and Coffee looking good right now. This company has been beaten up but, they have an under valued rating currently and the momentum in the MACD seems to be slowing at least for temporary relief. Maybe this will give us some upside gains in the future. Looking at a stop loss around $8.44 and upside to $9.82...

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All that talk about DXYZ being this and that. But, the analysis is in and this looks like it can trend lower. It has already crossed the 20 and 50 day moving average and is headed to test the 100 day moving average. We hopefully will see a stop at the 100 day moving average but for now, it looks to move closer to that 100 day moving average with a good $4 drop....

GlennTrading Updated 

Looks like Financial sector is pulling back. How much? Anyone can guess. I see a couple gaps back through the $46 range that needs to be filled. There is much volume coming in and the sellers are taking control. We had a break down of the sector for the past week. If it drops below the 50 day EMA it could easily retest the 100 day at $48, so a $2 spread is not a...

GlennTrading

IWM Russell 2000 is running. It had a nice pull back from December 2021 through December 2023 where the tide or sentiment has changed. It is testing new highs and has broken through into new higher highs from the S&R line at $230. There is much sentiment for it to gain higher gains and continue its bull run.

GlennTrading

Looking like Utilities are on a run. They are testing the $82.13 We could scalp a trade from $81.45 to $82.13 for a $0.60 scalp and hold contracts above this level. Looking at the gaps, they have all filled, so upside potential is very likely with the AMEX:SPY rising. Trade the Trend and Follow the Trend.

GlennTrading

In looking at the progress for Coinbase, it appears that NASDAQ:COIN is setting up nicely. With the euphoria around Bitcoin mining in the USA and the Bitcoin prices rising along with other Cryptocurrencies, Coinbase could potentially be ready to rise as well. The current forecast for Coinbase is at $345 per share which is a fair value considering that it has...

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COCO has been on a roll over the last year 18.70% growth in the stock. It's market cap is 1.96B versus the enterprise value of 1.66B which is showing strength in less debt than cashflow. This business is not showing signs of hemorrhaging cash. It has been steady in growth since 2019. With a Stop Loss of 12%, this should be a great long term swing player. RSI is a...

GlennTrading

Looks like Coinbase is on the rise again. It has been making new highs all year long and seems to be building strong volume to test $200 again. Just triggered a long position before earnings on the 30th of October. IF we can break through the $200 level, Coin will test the 200 day moving average. The stop loss if set at $173.34. Profit targets are in...