zongwei

zongwei Sep 26, 2023

HnS everywhere, more than the amount of shampoos. Bad feeling about this

zongwei Aug 24, 2023

PLTR Classic head and shoulders pattern forming up

zongwei Aug 24, 2023

I am taking a mini short call spread. Nice break retest of resistance and engulfing candle. The R:R is good.

zongwei Updated  Aug 20, 2023

Big head and shoulders. Easy short trade, entry strategy is up to individual. Enough said.

zongwei Updated  Aug 20, 2023

Chart says everything. This would be a mini short trade.

zongwei Updated  Aug 13, 2023

I opened a covered call on TSLA as the price has skyrocketed and I don't think this is sustainable. A pullback was playing out but delivery number spiked the stock back up. In my opinion a pullback is highly likely. This is my second covered call, already made profits on another covered call previously. Strike price: $310, because that is a big cluster of...

zongwei Updated  Aug 13, 2023

BABA forming a durable resistance, signs of a potential bottom. Price currently is breaking out from a descending triangle, potential Head and Shoulders in formation. 40% first target at the neckline, and potentially a 100% gain if neckline breaks. However this is the weekly timeframe, expect it to take a long time to play out.

zongwei Updated  Aug 13, 2023

BABA's little brother JD setting up a similar Head and Shoulders pattern after a harsh fall, what goes down must come up. Looking to long on the neckline break or earlier if I'm feeling risky. It's weird that many stocks are forming this pattern recently, free money everywhere, I made a lot of money and I hope those that followed my ideas did too! Weekly Chart...

zongwei Updated  Aug 13, 2023

COIN may have found a bottom with this big head and shoulders. Looking to long the break of the neckline for a massive ~90% or more gain.

zongwei Updated  Aug 13, 2023

PENN nice descending wedge, I'm going for the gapfill of that massive gap. High risk trade, exercise caution.

zongwei Updated  Aug 6, 2023

PYPL has crashed downwards and the downtrend continues. After a massive descending triangle, price is now coming back to retest the resistance and forming a bear flag. I am looking to short the break of this bear flag, perhaps combined with a double top on the resistance if possible. But shorting is very risky, I can think of doing it with: Naked Short Call...

zongwei Updated  Aug 6, 2023

Etsy forming a clean W shape double bottom. Although it has potential to the downside, with the current bulls only market environment, upside is more likely. Playing this with a tight stop. High Risk trade.

zongwei Aug 1, 2023

PTON, ascending triangle breakout, exactly like the RIVN play I posted a while ago. Chart is clear enough. I am going long

zongwei Updated  Jul 27, 2023

DIS looks like it's bottoming out, this support has been very durable. However there are multiple resistances on the way up so exercise caution. I personally opened a SMALL long position. Small because the resistances on the way up make this trade less ideal.

zongwei Updated  Jul 27, 2023

NIO stock is forming a reversal head and shoulders like structure, breaking above a major resistance level today, in premarket. Quick long trade for a ~30% gain

zongwei Updated  Jul 21, 2023

I am shorting JNJ on the 2H chart. Price is forming a Double Top/Head and Shoulders-ish pattern at a major resistance. In the daily Chart price is forming a ascending triangle which also supports this short term short position as shown: This will be a bear put spread as follows: Long Put: $155, $0.23 premium Short Put: $ 167.5, $4.66 premium Expiry: 21st June...

zongwei Jul 14, 2023

SOFI Seems like it is forming a bull flag, IF price can come down to the highlighted green area, I will long any rejection or bounce from the area. It happens to coincide with a significant resistance turned support. waiting for it to come down gives me better entry and risk/reward. If price just breaks out here I will not be chasing it. There are plenty...

zongwei Updated  Jul 14, 2023

ABNB, Head and Shoulders pattern and breakout of a bull flag pattern. Wait for the second resistance to be broken before going long to reduce risk. Or enter now if you're a risk taker for maximum profits!