Trader_Kaji

Trader_Kaji Updated 

I love this Cup & Handle pattern going on in SHAK. There is a clear level of resistance at around 71.50s and a possible gap fill all the way to 80.00. There are some nice accumulation patterns at this bottom and SHAK is looking strong. 18% short interest on finviz so potential short squeeze up here. Shorts will probably have stop losses in the 73 area. ...

Trader_Kaji Updated 

LYFT has been setting up a nice Inverse Head & Shoulders pattern in the daily chart and had recovered from lows last year. LYFT had been lagging behind UBER and I saw an opportunity to get in full size into a potential breakout. Yesterday I went long UBER, however I held back from putting in full risk due to the market conditions. Today's action of QQQ and SPY is...

Trader_Kaji Updated 

UBER has been hot recently after making a bottom base and squeezing out shorts last month. For the past few days UBER has been consolidating in a tight pennant pattern and is looking for another leg up. I am expecting UBER to reach the IPO price as some point soon. I decided to go long UBER despite the not so optimal market conditions for longs. I do believe...

Trader_Kaji Updated 

As TSLA continues it's rampage, there has been a heightened sense of delusion and greed in this recent market. Speculative names have been very spicy lately and SPCE is one of them. SPCE has been pulling back recently but today recovered back at it's all time highs. On the 30m timeframe, SPCE is consolidating right below resistance which is usually a sign of...

Trader_Kaji Updated 

TNDM has been on my watchlist for a very long time and recently, TNDM broke out of it's nearly 1 year parallel channel. The volume at the breakout was significant, and TNDM has the potential to run 20+ points due to the significance of the breakout pattern. What caught my eye is the multiple Inside Day Candlestick that were printed yesterday and today right...

Trader_Kaji Updated 

Shorted CRSP today based on the descending triangle pattern on the Daily Chart. CRSP has recently rejected a previous high and looks to be pulling back/down trending. I am expecting CRSP to continue this down trend till around the 200MA on the daily chart at 50.00. Entry - 56.70 Stop Loss - 59.50 Target 1 - 50.00 Target 2 - 45-46

Trader_Kaji

Overall, I had a break even but productive month in terms of education and trading development. Some notable trades were CGC long, INTC long, NIO long, CRSP short, and FTNT long. Although two of those trades had stopped out early, overall execution and lessons learned from those trades were valuable. I noticed I started off this month pretty sloppy, however I...

Trader_Kaji Updated 

Since bottoming in November last year, NIO has been in a strong uptrend and recently pulled back after rejecting the IPO lows. During the current uptrend, NIO has been rejecting and riding the 20MA all the way up and yesterday, NIO pulled into the 20MA due to the recent market weakness. Today, NIO created a beautiful inside day candlestick right above the 20MA. ...

Trader_Kaji Updated 

Markets were showing indecision in direction and my bias for the overall market is still bullish. I wanted to add another long today encase this recent market weakness is just a fake out bounce. I do have one short position as a hedge. I decided to go long this DXCM pennant pattern in the daily. DXCM is at all time highs and recently gapped up and ran due to...

Trader_Kaji Updated 

Market indexes pulled back today with a gap down and a closer lower. A lot of strong, trending names have been pulling back into the 20MA and I wanted to go long a stock with the best looking setup. FTNT has been on a powerful uptrend for the three months since breaking out in November 2019. FTNT tests and holds the 20MA three times within this recent trend. ...

Trader_Kaji Updated 

Ever since CIEN's explosive Power Earnings Gap on 12/12/2019, CIEN has been consolidating into a tight flag pattern on the daily chart. CIEN may need a couple more days to setup, however I am entering this trade with a stop loss below the previous higher low incase CIEN wants to take off tomorrow. Entry - 42.52 Stop loss - 41.70 Target 1 - 44.00 Target 2 - 46.00

Trader_Kaji Updated 

I started a position on RH based on some nice patterns on the Daily Chart. RH had been in a pullback phrase after making new all time highs in December. On 1/13/2020, RH pulled into and rejected two different key support levels - the 50% Fibonacci Retracement level and the 50DMA Pivot. A hammer also forms on the 30m timeframe where these two key levels are...

Trader_Kaji Updated 

INTC has recently made new all time highs and is forming a tight flag pattern on the daily chart. This trade setup is called the First Flag and the setup triggers when a flag forms following a new high after a long multi-month base. The flag on INTC also forms right above the breakout point and the 38.2% Fibonacci Retracement Level. My gameplan is to sell 1/4th...

Trader_Kaji Updated 

Yesterday, LX has a large upside spike making new all time highs following a rejection of the 20MA on the daily chart. Today, LX pulled back into a key level of support (Previous all time highs) and the 38.2% Fibonacci retracement level. I went long on this pull back after LX showed signs of strength intraday (Higher highs, higher lows). Entry - 15.95 Stop...

Trader_Kaji Updated 

BILI, another volatile/speculative name, has attained new all time highs last week and was consolidating in a flag pattern. Within this flag pattern, an inside day formed similar to price action I wanted to see during a coiled spring setup. In a coiled spring setup, I want to get long in the smallest range day in the last 7 days. I went long BILI yesterday due...

Trader_Kaji Updated 

SHAK is another speculative/volatile name with a bottoming pattern that has recently broke out and short squeezed. SHAK has been consolidating right under a key level of resistance at 71.60 and created 3 inside candle days in a row on the daily chart. The price action on 1/16/2020 is also significant where price created a high volume hammer on the daily. SHAK...

Trader_Kaji Updated 

SDG had been setting up an inside day candlestick this morning. SDG has been heating up since breaking it's downtrend, bottoming with a J.lo bottom, and gaining multiple accumulation days on the daily chart. I went long SDG to take advantage of the upside volatility due to the high short interest and the inside day candlestick. Entry - 13.36 Stop loss -...

Trader_Kaji Updated 

SSRM broke out of a 4 month base in December and has been in a pullback for the past 2 weeks. I've been watching SSRM to go long on this pullback and the trade setup finally triggered. SSRM had pulled back into a key area of support - the previous breakout area and the 38.2% Fibonacci retracement level. Furthermore, a bounce at this area would be considered a...