gkm

gkm Mar 29, 2023

200 - 500 SMA moving channel trade on the daily. Target 176ish. Stop double close above recent high.

gkm Updated  Mar 27, 2023

From small cap to large cap (ex. ROKU), there are several instances like this. The setup is John Carter's 200-500 moving channel. One way to trade this is to sell deep in the money (bull) put spreads. First target on the upside is 13 but timing is tbd. A double daily close below the recent low is stop. It seems crazy but the number of setups like this suggest...

gkm Updated  Mar 27, 2023

Squeezing between 20 and 50 for many days, now trying to hold 200. Ridiculous price targets from analysts are much higher. POTUS SOTU re curing cancer may be a trigger for this - or not. First target 1.80. Stop double close below .95. Given the bollinger and keltner squeeze any move is more likely to be quick and quickly reversed so....

gkm Updated  Mar 21, 2023

HRL appears to be completing a three drives pattern on the monthly. It's hasn't seen its monthly 200 SMA in forever, literally. Insiders are happy to sell to you. It's consolidating tightly between the 20 and 50 EMAs. A break below 44 would be the signal. First target 39 then 36 and 30. After the break of 44, stop would be a weekly close above 46.

gkm Mar 15, 2023

Watching to see if a long trade develops soon in crude. Good level coming up quickly.

gkm Updated  Feb 23, 2023

Good risk reward. First target 3.83. Second maybe 5ish.

gkm Updated  Feb 23, 2023

BKD should find good support in this range for at least a decent bounce. First target $5 and next $6. Stop is close at all time lows.

gkm Updated  Feb 23, 2023

Gapped down on bad news. Coming off daily divergence. Weekly overbought and possible outside candles breakdown. First target is the size of the new gap which also happens to be figure support at 100, 20 EMA, and 500 SMA, so might be good reversal long from there. Extension would be to about 96. Stop is daily close inside the gap.

gkm Updated  Feb 23, 2023

Always remember that they call nat gas the widow-maker for a reason. Something people also don't understand about nat gas is it's seasonality. Summer is its peak season, not winter. Why? Because more is needed in summer than in winter. To explain: while nat gas is used for heating it is also used for cooling in the form of peaking generation for air...

gkm Updated  Feb 23, 2023

DIA opens the year sitting on the annual pivot but coiling on the weekly and daily. AAPL has broken down longer term, so this suggest downside is more likely. Don't anticipate. Simply participate.

gkm Updated  Feb 17, 2023

LT chart of lumber looks like an area to find support. JCTCF is one way to play it, as well as others like CFP, CFF, IFP all on the TSX.

gkm Updated  Feb 7, 2023

Straight forward squeeze play on the daily. First target 2.70 then 3.60 - 4. Stop is double close below 1.50.

gkm Feb 4, 2023

These are fun to follow, especially when the shares are 10% short, 4 days to cover, and volume is starting to come in on the highs. 7 pts of downside and 20 or more up. Timing uncertain but a parabolic move is a parabolic move. Feb/Mar calls might be worth a look.

gkm Feb 2, 2023

When a stock has a parabolic move, the pullback tends to be unrelenting but nevertheless organized in a way that presents regular squeeze opportunities. The pullback can lead to an "echo" pop (sometimes before the stock eventually disappears altogether) - or even new all-time highs down the line. It is a pattern to watch for. GME had a similar pattern in 2021...

gkm Updated  Feb 1, 2023

Low float momo popper (or pooper). Good risk-reward. First target 4.50 and then 17.5.

gkm Updated  Feb 1, 2023

Possible fractal setting up. Target TBD. Stop on weekly close below 1.30.

gkm Updated  Feb 1, 2023

Overbought on essentially all timeframes. Up against trendline and pivot. Would add a little around 58. Stop two daily close above 58. Full target 42. Half is half.

gkm Jan 27, 2023

Potential ChatGPT play as a call centre. Short interest is reasonably high at 25-30%. Circulating bankruptcy rumours, whether true or not, will mean shorts want to cover should that happen. Upside is quite substantial, particularly above 1.50.