Short-term Bullish Pennant following a 1-month correction interrupting a massive bull run. Multiple new support confirmation in the past few days. I am being very selective lately and I only trade when I see very limited risk, with potentially great rewards. This is why I like this setup. There is no clear technical target, this is why I will adjust stop-losses...
Bullish Pennant breaking out after a 7-month characterized by a long correction. Quite a speculative trade, however, I believe that the upsides might be great if momentum doesn't cease. Trying to capture the breakout right out of the gate and eventually lock profits well before the target, which I believe to be the best strategy given the period. I am being very...
Descending Triangle just broke out, aiming at ATL. Lack of resistance confirmation means that we are chasing the price. However, my Stop/Loss is very tight and we are protected in case of an unexpected bounce. This is also due to the unpredictability of the market these days. - Target Entry $51.92 - Target Stop Loss $52.48 - Target Exit $49.60 About me - P/L...
Corridor breakout past a 5-month correction. Price has been down-trending since May, including during the August's Nasdaq rally. Disappointing earnings created a short momentum. Lack of resistance confirmation means that we are chasing the price. However, my Stop/Loss is very tight and we are protected in case of an unexpected bounce. This is also due to the...
Corridor breakout past a 4-month correction. Price has been down-trending since the beginning of August and I am expecting the momentum to continue in the short-term. Wendy's is a great stock, however, we might be reaching new support before resuming the rally. This is why it is important to get out fast if we turn a profit. Lack of resistance confirmation...
MDT has desperately trying to rally to reach its pre-pandemic ATH for 6 months now. The company has also published encouraging research study results - this might act as a catalyst and create momentum. The company also beat earnings estimates recently, creating an overall positive outlook on its future. This Corridor Breakout with strong support confirmation...
Ascending Triangle breaking out after a 6-month uptrend. Aggressive buyer presence in the past month. I will try to make the most of the recent drop and play the bounce. However, this is a highly-sensitive pandemic stock, therefore I will allocate 35% less capital than usual. - Target Entry $65.20 (Buy Limit) or $66.50 (Buy Stop) - Target Stop Loss $64.57 -...
For those who know me, you might have realized by now that I don't usually go long when the RSI and STOCH are below 50 and MACD below Signal. I will make an exception here, however I will approach this trade carefully and allocate less than usual. This week we need to play conservative and take home whatever we can. Targets are moderate and realistic, and I aim...
Ascending Triangle broken out after a 6-month modest bull run. - Target Entry $319.01 - Target Stop Loss $313.83 - Target Exit $339.72 About me - August P/L: +203.83% | Wins 85.19% | No Trades without Analysis - Note that I tend to adjust stop losses in order to secure profits early and preserve capital. This means that the target price is going to be achieved...
Uptrend Corridor characterized by large volatility and a strong support line. Support manage to hold up quite well even during the recent meltdown. - Target Entry $266.76 - Target Stop Loss $262.48 - Target Exit $311.59 About me - August P/L: +203.83% | Wins 85.19% | No Trades without Analysis - Note that I tend to adjust stop losses in order to secure profits...
Ascending Triangle broken out after a 6-month modest bull run. Multiple support confirmation on the 5-min chart. Support manage to hold up quite well even during the recent meltdown. - Target Entry $43.09 - Target Stop Loss $42.62 - Target Exit $45.02 About me - August P/L: +203.83% | Wins 85.19% | No Trades without Analysis - Note that I tend to adjust stop...
Keeping the Stop Loss at circa -1% in order to preserve capital. All trades have an elevated degree of risk this week. The market can turn anytime. This doesn't mean that we need to stop trading. Corridor broken out after a 3-month correction followed by a promising 3-month bull-run. Indicators are obviously not on our side, since we are playing the bounce. -...
Ascending Triangle broken out after a 6-month bull run. Some concerns regarding yesterday's 3% drop, or perhaps an opportunity. Hence my priority will be entering the Buy Limit price, although a Buy Stop will ensure I capture a potential run in case the price never pulls back. - Target Entry $42.28 (Limit) or $42.73 (Stop) - Target Stop Loss $41.67 - Target Exit...
Ascending Triangle broken out after a 6-month bull run with a 3-month correction. We are trying to capture the run right out of the gate, hence there is limited support confirmation. However, momentum is there and the RSI / STOCH / MACD are on our side. - Target Entry $128.05 - Target Stop Loss $126.00 - Target Exit $137.85 About me - P/L September +33.74% |...
This is an unusual play for me since I don't usually trade uptrend corridors breakout, especially when they hit ATH. However, there is an unusual volume on this specific stock, and their tech partnership with Microsoft might act as a short term catalyst. Uptrend Corridor broken out after a 6-month bull run. Decent amount of new support confirmation on the 15-min...
Bullish Pennant broken out after a 6-month bull run. Momentum is set to continue with the company increasing dividends and announcing an increase of Real Estate acquisitions next year, strong of a good relationship with their tenants. Decent amount of new support confirmation on the 15-min chart. Momentum is present, and the RSI / STOCH / MACD are on our side....
Ascending Triangle broken out after a 6-month bull run. We are trying to capture the run right out of the gate, hence there is limited support confirmation. However, momentum is there and the RSI / STOCH / MACD are on our side. - Target Entry $27.51 - Target Stop Loss $27.26 - Target Exit $29.04 About me - P/L September +33.74% | August: +203.83% | Historical...
This trade will serve me as a hedge against the other long positions that I'm planning to open today. This week we need to play conservative and take home whatever we can. Targets are moderate and realistic, and I aim to close positions fast, often before the end of the day. Allocate less than usual capital if you would like an extra layer of safety. The market...