NoFOMO_

NoFOMO_

The shorts have done extremely well here, dragging the price down by over 34%. ELV has been under severe pressure due to a miss on EPS on their last earnings report. However, they did beat on revenue (by $1.58B) but that did not stop holders exiting their positions. Unless you're living under a shell, you will know that the entire sector has been under increased...

NoFOMO_

Monolithic Power Systems (MPWR) has been one of the best-performing stocks over the last decade, with a stellar CAGR driven by its robust growth in analog and power semiconductor solutions. It has consistently outperformed peers due to its focus on highly differentiated, high-margin products and end-market diversity, including automotive, industrial, data center,...

NoFOMO_ Updated 

Microstrategy has exceeded all expectations, smashing past previous all time highs along with Bitcoin. As Bitcoin approaches 100k, now is a good time for bears to consider where they can short Microstrategy in the event of a pullback. I think this is setting up an opportunity for an epic short opportunity, not one that I will be immediately jumping into as I...

NoFOMO_ Updated 

Pivotal moment for Crypto alts. I think BTC dominance is topping out soon. One of the beneficiaries of that will be the stronger altcoin projects such as CHAINLINK. It presents a good risk to reward trade once we can break out of the RSI and triangle pattern. We are down over 50% since the highs this year. Alts remain highly risky in the short term so I’d rather...

NoFOMO_

Head and Shoulders pattern complete, we are 32% down from all time high. We have retraced to the 0.5 Fib level and bounced at the key $100 level. Trade entered with a tight stop loss, in case we lose that key $100 level. The correction may be over in this top Pharma stock. Eli had terrible earnings but Novo looks more promising at this stage. Cagrisema phase 3...

NoFOMO_ Updated 

HIMS is a major player in the compounded semaglutide space. It spent hundreds of millions to promote their offering in the weight loss space, making use of the shortage in Ozempic and other GLP1s in recent months. The company's offerings include semaglutide-based injections, marketed as containing the same active ingredient as popular brands like Ozempic and...

NoFOMO_ Updated 

Negative earnings were leaked, insiders sold before the news was released. It’s clear not everyone plays the game by the rules. So trade carefully in this volatile market. I posted an idea on the SPX looking like it’s topping out. But certain stocks present buy opportunities as they may go one wave higher. ASML is one of them. We just entered a buy zone area...

NoFOMO_

Pinterest earnings did not impress investors, a huge sell off ensued and now we are breaking down in a giant bear flag pattern, suggesting the downside risk remains in this asset. We also rejected from the golden pocket suggesting this uptrend is now over and bears are back in control. Fundamental Analysis: 1. U.S. Market Saturation Pinterest derives most of...

NoFOMO_

This whole move up has been an epic short squeeze. You have to respect the price action and uptrend, extremely powerful and many traders have been burnt, myself included. I still remain interested in a short so I am watching this on the 5-15 minute time frame. So where is all the buying pressure coming from? Definitely not from the insiders, whales have been...

NoFOMO_

We may have bottomed. I went long into earnings today with a stop loss before the low. Not financial advice

NoFOMO_ Updated 

I shorted Estee Lauder and closed my short today at $73. We have just hit support at $65 at an important Monthly level of support. Time for me to accumulate a long position with the proceeds of my short. Not financial advice, do what's best for you. Refer to my previous trades on this stock to see why I think the final capitulation wave is in.

NoFOMO_

Head and Shoulders almost confirmed. If we lose that 0.382 Fibonacci support I think this will drop quite bad. Not a fan of any stock largely owned by a bank looking to ramp up valuation to unload onto retail. Not financial advice, do what’s best for you.

NoFOMO_ Updated 

Estée Lauder looks very bearish. It’s lost the $100 key psychological level. Now we appear to be in the final 5th wave. We could easily drop another 20% here. It wouldn’t be a bad place to start a dca plan if you like the name. Personally I’m not looking to catch the falling knife and will keep my short position from $140. I’ll close out of it if we manage to...

NoFOMO_

Technical: A classic 5 wave pattern down, a large head and shoulders pattern confirmed the massive drop. Price is now stabilizing, we could be in the final stages of Wave 5. Each wave down was a short trade at the 0.5 and 0.618 Fib retracement. It's been a brutal 76% crash since the top. I would like to see a change in market structure as this has been a...

NoFOMO_ Updated 

We ended the fifth impulsive wave a lot higher and the ongoing collapse is nowhere near ending. The bull market is well and truly over for SMCI. Trade the charts, not the news. I did bring this to your attention 3 weeks before the news of potential accounting fraud became apparent. I did warn bag holders not to buy the dip - look my related post. Instead I got...

NoFOMO_ Updated 

Be very careful buying the dip on SMCI, there is literally not floor underneath. There is hardly any support beyond where it’s sitting at the moment. If it fails to bounce here we are talking a drop to the $300 level. The trend is your friend, I’m afraid that remains to the downside. Do what’s best for you. This is not financial advice, just my thoughts.

NoFOMO_

Interesting stock, the high growth that propelled it to a 600% plus gain is slowing down. Management claim it’s due to seasonal pressure, not sure if I can believe there’s a season for organ donors but now I know there is! We’ve since had a 50% haircut in the last month. It’s going to be a turbulent 2-3 months for this stock as they try to maintain growth whilst...

NoFOMO_

Rumble, founded in 2013, is a video-sharing platform that promotes free speech by offering an alternative to mainstream social media sites. It aims to create a less-censored environment for content creators, particularly appealing to conservative audiences who feel mainstream platforms may restrict certain views. After the Joe Rogan interview with President Trump,...