mrmagic

mrmagic

NVDA is bouncing off the 200 MA and a bullish Order Block. Short term target is $142 for earnings. A relatively conservative bullish short term play is to a cash secure put at around $120 to collect premium. Stop loss around 115 range for short term traders.

mrmagic

Thesis: TSLA sweeps the relative equal lows + Daily sell side liquidity at 173 and bounces off the Daily FVG at 172. Targeting 186 for a gap fill on the Daily chart. Longer term still uncertain as 152 is a possible area if TSLA remains bearish

mrmagic Updated 

Thesis: AAPL took out the daily SSL liquidity at 179.28, and may be ready to bounce back to 185.54 level with all the buy stops from the liquidity sweep. However, this is without confirmation. Best way to play is to wait for a displacement up and a FVG to form wait for a possible retracement back to the newly formed FVG for a bullish entry. Without...

mrmagic

On a daily chart, short term target for U is at the daily sell side liquidity at 27.75 which is also at the daily fair value gap in discount. A possible bounce back to 35.63 if it plays out or a continuation downward to the 2 sell side liquidity levels below at 22.51 and 21.41 Wait and see if a daily close below 27.18 for confirmation bearish

mrmagic Updated 

It is looking bearish for AAPL on the weekly chart, it has retraced back to the FIB golden pocket and FVG (Fair Value Gap). An entry at the current price (189.45) would give about 2.0 Risk/Reward play on the downside with a target of about 172.15. This may take some time to play out since it is the weekly chart.

mrmagic

If META can continue the upside movement and close above 301.76 in the next coming days that would break the downward trend and be bullish. However if META does not close above 301.76 in the 4hr chart, downward trend still in play and price target around 275

mrmagic

Just waiting to see if the FVG holds and if SPY breaks to the downside below the FVG (441.14). If so plan on entering a bearish trade targeting 432.91.

mrmagic

On the 4 hour chart, it looks like PYPL is bouncing off the FVG and heading for $63.30 A little bit late to get in on the trade since the risk/reward is .91 If it drops down but keeps the market structure then I plan on entering for play to $63. Stop loss at ($58.91)

mrmagic

I am waiting to see if AAPL fills the 167 gap, it is near the .5 fib retracement level which usually is a good entry point. Take profit targets at FVG1 ($176) and FVG2 ($191)

mrmagic

Based on FIB Levels and short term bearish market bias, I am looking for AMD to drop to at least 98.80 before starting a long position. 98.80 represents the FIB golden pocket and at the FVG #1 gap fill. It may drop to the .7 FIB level and FVG #2, I would consider DCA on the position. STOP EXIT if it goes below around 88

mrmagic

support and bottem trendline support at 176, wait for it and see if it bounces, if not, look for gap fill down to 150s

mrmagic

on daily chart, if TSLA can break the trendline, it might head higher to 217 to 220 range

mrmagic

based on the fib levels, we could see AAPL hit $167

mrmagic

CRWD near 125 resistance, if it can break it, target is 135. Earnings Mar 9, might exit positions before that

mrmagic

If the inverse head and shoulders plays out, the $3 measured move should be at around $26. Silver is always a risky play, so take caution

mrmagic

If PLTR breaks trendline, it may head to $21 support. If it holds the trendline, good time to buy for mid to long term. $27 target, $34 longer target (based on fib)

mrmagic Updated 

I have ASTR breaking the upper channel trendline and bouncing off .5 FIB support. Max target is $15.70, Stop loss at around $9.20

mrmagic

This stock will likely moon or tank once the trial results of phase 2/3 are presented mid Nov. Currently playing this with cash secured puts (Nov 19) to collect on the high premiums (~500% IV). This is a risky play