FSR setting up LONGFSR as shown on the 2H chart current has its price sitting near to the
lower Bollinger Band and is supported by both the mean VWP anchored back
in mid June when the price was bouncing over and under the basis band of
the Bollingers. Price is also supported by confluence between that mean VWAP
and the short term POC line of the volume profile showing validity and balance
in recent trading above this zrea. The Chris Moody MACD indicator shows the
lines crossed under the histogram which went red to a tiny green and also
generated a green ball, a buy signal of sorts. FSR has been on a pullback for
about ten trading days. The analysis is that it is now ready to trend back up.
Overall,
I see this as a long trade setup targeting first the basis band of the Bollingers
at 6.50 then the upper band at 6.80 and finally as a target for any runners the
second deviation line above the mean VWAP (thick red) at 7.20. Although FSR
is highly volatile I assert that buying low more often than not leads to sellng higher.
Anchoredvwap
NFLX setting up Fib retracement level bounce LONGNFLX up trended starting June 1st through an upper long term anchored VWAP
to the next higher VWAP line coinciding with earnings. NFLX dropped after
good earnings probably because investors expected even better. On the 30
minute chart, NFLX has more or less completed a 45-55% retracement of that
trend up and is now sitting on the VWAP line that it crossed back in early June.
Volumes are decent above their moving average. The zero-lag shows a line
cross under the histogram which just converted to positive. I analyze this as
suitable for a long entry targeting that higher VWAP band line at 495 with
a stop loss at 415, the recent pivot low. I will take both a stock trade of
10 shares and a call option striking 475 expiring 8/18 NFLX calls have treated
Nancy and Paul Pelosi quite well for a long period and I have enjoyed smaller profits
from smaller positions in the same time frame . This looks like another opportunity.
TSLA setting up a long tradeTSLA on the 2H chart has been trending up since the earnings in April with minor
corrections along the way including this past week after favorable earnings.
The news of the massive pre-orders of Cybertruck has permeated the trader
and investor community that follows TSLA. On the chart, TSLA broke down
the anchored VWAP bands to settle on the support of the first standard
deviation above the mean VWAP. On the MACD indicator, the lines have crossed
while under the histogram which changed from red negative to green positive.
On the dual time frame RSI both the lower (blue) and higher ( black) are now
showing bullish divergence as the blue line has inflected its descent and
crossed above the black line. I am expecting a swing trade of 2-4 weeks
which could also be entered with a call option striking close to the target.
Overall, I see a long trade here with a stop loss under the VWAP band at 255
and the target at 295 just below the next higher VWAP band. This is about
a profit of $35 for a risk of $5 and so a very acceptable ratio. I will zoom down
to a 15-30 minute time frame to accurately select and entry from a pivot low.
SOFI channeling but rising LONGShown on a 15-minute chart, SOFI is seen slowly rising in a parallel channel
bounded by a pair of anchored VWAP bands - the first and second deviations
above the mean VWAP from anchors back in mid-June. Fundamentally, SOFI
has been challenged by another round of student loan forgiveness by our
President as well as the instability in the prime rates ongoing.
On the chart, price is near to the bottom support of the mean VWAP lines coming
back to them since rising above them about July 10th. The trend index indicator
is neutral having resolved a minor trend down. Price dropped today with the
bond auction fiasco and general market downturn. the RS indicator shows both
low and high time frame lines bounced from the lows and the lower time frame
green line now crossing over 50.
I see SOFI as ripe and ready for a long trade to exploit this dip and the overall
long trend in a slowly rising channel I will set a stop loss under VWAP at 8.97
and the target of 9.45 , the first standard deviation blue lines and the POC line of
the volume profile, and the secondary target of 9.95 below the second
deviation red lines . I see that as a buy the low dip and sell upon the reversion to
the mean.
TLT Short term Treasuries Bullish LONGTLT as shown on a 30 minute chart shows TLT in a narrow range last week and then a pivot
down to begin this week followed by a downtrend and a small correction until then the fed
news of the rate hike came out. Today the general market dropped after some federal financial
data came out and a treasury auction was a dud bond auction with little transactions occurring
confounded by Bank of Japan actions inconsistent with the path of the US Fed.
The mass index indicator has signaled a reversal as the signal rose above the reversal zone
and then dropped below the zone thus triggering. The Relative Trend Index documents
the end of the red downtrend with the signal line nearly returning above zero. Overall, I think
TLT traders overreacted to the federal news and the catalyst from Japan. I believe
this to be a good point to enter long using the pivot low as the stop loss. Targets are 100.5
just below the mean anchored VWAP and 101.5 just below POCl line
volume area of the intermediate term volume profile. This offers modest potential profile
for a relatively low risk. However, I intend to trade this intraday as a same day expiration
(0DTE) option striking 101. I will set a set a stop-loss on the option of 15% while expecting
potentially 50-200% ROI making for an acceptable ratio.
LMT a defense sector leader setup LONGOn the daily LMT, over the long term is shown to have descended into the support
of the ascending support trendline in what appears to be an ascending wedge.
Confluent with the support trendline is the mean VWAP and the mean band of
the Bollinger Bands. I see an opening for a long trade targeting the resistance
trendline and also the second standard deviation of the anchored VWAP ( red
thick line) Fundamentally, LMT just beat on both the top and bottom lines.
It is in a obvious growth industry with a bakclog of production in the setting
of the Russian Ukraine war and the need for US and NATO to replenish their
stockpiles. This long trade is best for investors content with slow moving blue
chip Dow Jones type stocks or alternatively agile options traders able to leverage
low magnitude up trends. I see about 10% upside and will buy some call options
to exploit this setup.
Is the SNAP Sell Off overreaction a Reversal Setup?Yes, I think that it is. On the 15-minute chart, the price action of the post-earnings
drop is seen The earnings beat the analysts. Price has started a low momentum
recovery. The dual time frame RSI shows the low/blue line RS rising above the
high/black line. SNAP is in the deep oversold and undervalued territory in the area
of the lowermost intermediate-term anchored VWAP lines. The mass index indicator
triggered a reversal in the pre-market hours today. I will take a cautious long trade
here expecting a price appreciation to 11.8 at or below the mean black VWAP.or about
10%.
AMZN a long reversal tradeAMZN on the 30 minute chart has descended from a double top / head and shoulders pattern
in early to mid July and is now set up in the lowest VWAP bands in oversold undervalued
territory. The RSI shows lines bounced from the lowest green line set at 20. the low time
frame blue- 5 minute line has crossed above the higher 60 minute black line time frame
and they are both above the 50 level demonstrating bullish momentum in the early reversal.
The mass index indicator crossed above the reversal zone and then down triggering the signal.
I will take a long trade on AMZN seeking to profit from this reversal with about 8% near term
upside. The trading plan's targets are in the text boxes on the chart.
HYMC- Gold is Glittering Penny Junior Miner LONGGold is on a bullrun and what better equity to look to capture profits than gold junior miner
penny stocks. The risk is high and the potential profit is well - perhaps on the way to the moon.
Shown here is HYMC on 2 hr chart. The momentum is obvious with the climb of the green HA
candles. The MTF RSI shows the low TF RSI shot up over 80 while the higher TF RSI is rising
at a more gradual slope. No signs of bearish divergence are seen. The MACD shows the lines
well above the positive histogram in fact three times the amplitude. Again, no signs of
bearish divergence. The AI Lorentzian indicator shows a buy signal. Its algo tested a projected
win rate of 73% on the signals which should buttress my confidence in this trade. I will follow
the signals in the context of my targets based on TA and see how they correlate.
Gold is on fire ! Junior miners are perhaps in the midst of a wildfire.
I will take a long trade on this penny stock. My targets are $0.56 and $.71 representing
swing high pivots earlier this year. Overall, I am expectant of 50% profit and a risk free trade
once the price rises 10% and a 5% stop loss is moved to break-even.
BA after earnings pop. Will it drop?Boeing had a big pop from very favorable earnings today. So far there has
not been a fade or retracement. The relative strength lines however topped
out and then retreated a bit signaling bearish divergence with the lower TF
below the higher black TF line. Likewise,
the MACD indicator is showing a line cross above the histogram whose
amplitude has dropped to zero then changed to red / negative.
Lastly, the mass index indicator shows a rise above the reversal zone
then with a trigger signal in dropping below the zone.
I conclude that BA over-extended and is now setup for a short trade which
could be either stocks or a put option. For the stock the stop loss is 232
the swing high and the target is 223.25 at the mean VWAP line. If price can
cross under that line, the target for the remaining runners will be 217 just
above a lower VWAP line. I will buy the strike $225 expiring 8/4 to potentially
exploit this expected quick retracement.
FFIE an EV Sector Penny Stock LONGFFIE is part of the EV Sector but marches to its own drum and cadre of
investors and traders ( speculators). On the 15-minute chart the MACD
has signaled an entry with the green dot. Price is sitting on the support
of the intermediate term anchored mean VWAP lines. The low and high
time frame RS lines have bounced off the lows and are in good mid-range.
I will take a long trade with a stop loss at the pivot low immediately left.
I have targets of 10% and 20% as noted on the chart. I expect the first
target this week for half of the position and to carry the rest into next.
Is QQQ ready to continue after a minor pullback?On the 4H chart, QQQ has been in a trend up for the entirety of this year
reaching 42% YTD. Of late, QQQ has had a 2-3 day pullback correcting
a decent uptrend over the prior week. On the Relative Trend Index,
while the signal is below the mean line, there is all the more upside
and the overall trend is positive. The dual time frame RSI shows weekly
RS high and steady over 80 while the lower time frame of 3H as the blue
line fluctuating between support at the 50 level and 80 and presently
a 50 in the pullbck. I analyse QQQ as ready to continue its overall
trend up. I will take out additional call options for a strike of $385
to expire on August 18. Over the past day this option gained 33% and
had a bid/ask spread of about 1%. I will set a stop-loss of 10% while
anticipating a profit of 150%. Once hitting the anticipated profit before
the expiration date I will take one-half of the contracts off the table
and close the rest 1-2 days before expiration.
GOEV a niche EV manufacturer LONGGOEV does not compete with TSLA. It makes special use electric vehicles
including a NASA contract apparently for vehicles to be used upon the return
to moon exploration. As a penny stock, GEOV has weak fundamentals
coupled with high trader and investor interest. Large capital institutions
have a predominant portion of the shares.
On the 15 minute chart. GOEV trended up from July 14th to Ju;y 19th and
then down to about the same price as before then trend. This was a range
of 50% demonstrating the typical high volatility of penny stocks. Based on
a set of anchored VWAP bands originating in mid- April, GOEV is currently
near the mean long multi-session VWAP. Since many shares are held by
institutions this is a price level where trading volume and volatility are
expected.
I will take a long trade here. The stop loss is the recent swing low at $0.59
with a target at $0.737 just below the POC line of the related
volume profile from an entry-by-limit order at $0.613 making for a projected
profit of 20% with a much lower risk. For chartists who follow chart patterns,
in the interval under analysis, GOEV fell from a head and shoulders pattern.
My target is the neckline of that pattern.
GOEV benefits from the general interest and trading volumes in the EV sector
at large as well as its niche with little competition.
XAUUSD Spot Gold LongXAU last week had a trend up followed by a double top on July 19 and 20.
On the @H chart the trend down seems to have included a drop through the basis
band of the Bollinger Bands as well as a crossunder the anchored mean VWAP
and then further downtrend until price was outside the lower BB. The current
candlestick pattern is that of a morning star reersal patter ( sometimes called
a 3 bar play). The Chrs Moody MACD indicator shows a line cross under what was a
red negative histogram that has flipped to a tiny green bar. In this context, I
believe XAUUSD is setting up to rebound I will long trade it on forex and analyze equities
for an entry as well. On XAUUSD I am targeting 1975 in the area of one standard
deviation above the mean VWAP but would be very happy to see price reach for
the upper BB at 1985.
COST the retailing warehouse chain LONGCOST had lackluster earnings two months ago and is due for another report in
late September, Despite the earnings miss, COST immediately uptrended as if
traders and investors were expecting far worse. Since June 1st, COST has been
in an ascending parallel channel bounded by the dynamic support and resistance
of the first and second VWAP standard deviation lines above the mean as anchored
to a date before the earnings. The MACD is currently showing bearish divergence
while COST is at the upper resistance in the channel. As a result I will place
a short trade on COST here with a stop loss above that red dynamic resistance
line. Upon managing the trade, I will close and reopen the trade long when price
meets the lower support blue VWAP line and is likely to reverse.
Macys ( M ) Pre-earnings LongAs can be seen on the 2H chart, Macy's last earnings on June 5th was afavorble beat
resulting in first an uptrend and then a sideways price movement for a month and
a half. Earnings are expected on 8/22/23. Price has had dynamic support at the mean VWAP
anchored in April while the dynamic resistance has been two standard deviations above that
represented by the thin red line. Price is currently midway between resistance and support.
Additional support is the POC line ( with the highest trading volumes ) of the volume profile
beginning at the prior earnings date. Overall I see this as an opportunity to take an options
trade with an expiration a couple of weeks after expected earnings to strike the thin red line
of dynamic resistance at 17 expiring September 1st. Depending on price action in the days
leading up to earnings I may take off half the contracts if they are in decent profit while
letting the other half run through the post earnings period figuring that M could repeat
and jump after earnings.
Can NFLX rebound from the down turn after earnings?NFLX started a good trend up about June 25 and then pulled back in the day after the
earnings report. Although the earnings beat expectations, price continued to drop in
a VWAP breakdown shown here on a 2 hr chart. Over the 2 days that followed, price
has continued down at a slower rate and candle ranges are diminished. Importantly,
the zero=lag MACD shows a line cross under the histogram which has changed from
red /negative to green/positive. The lines have inflected upward. I see this as demonstrative
of bullish divergence and predictive of a reversal.
Overall, I see NFLX rebounding with a potential 15% upside. My target is 480 in consideration
of the swing high on July 18th with a stop loss of 415 the swing low of late June.
Can AMC continue the bullish momentum?AMC popped over 50% on the last trading day. So questions arise could include
whether there is an juice left in the move? Are there short sellers now buying
to cover to cut their losses? On the 15 minute chart, the parabolic move is
obvious. The volume profile shows the highest volume of trading at 7.42.
A typical end of the trading day and week fade is seen with volume falling as
well. Price is now getting support at the first VWAP band above the mean
line somewhat confluent with the POC. A reasonable target is the high of
Friday's trading session at 8.75 but bullish momentum could push price above
that resistance. The is a major VWAP band breakout. a parabolic move that
potentially could continue.
Accordingly,
I will take a risky trade with a limit order at 7.45 where AMC will be
above its POC line as an sign of a potential resurgence of bullish momentum.
I will watch for a volume spike showing that new buyers like myself and
short sellers liquidating are combining in selling pressure. I anticipate
great price action and a quick profit. The trick is knows when to sell to
realize profits I will sell one-tenth of the position for every 3% in profit
unrealized and could find an overall profit of 15-25% which would be a
great way to start the trading week. Some might call this chasing and I
understand that. I see it has high risk with higher potential reward especially
if a short squeeze kicks into the higher gears.
BOIL ( 3x Nat Gas ETF) Reverses to UpsideOn shown on the 15 minute chart with a VWAP band/line setup anchored to the July 1st
pivot high. BOIL is in a VWAP breakout since bottoming mid-day July 17th. Confirming
the reversal are the Price Volume Trend Oscillator printing a green histogram and an
upgoing signal line as well as the zero-lag MACD with upgoing parallel lines crossing
the zero-horizontal line. Price has crossed over the mean VWAP. On the dual time frame
RSI indicator both the lower and higher RS lines ( blue and black) are above the 50 level
and the lower time frame is higher highlighting bullish momentum.
I will take a long trade targeting based on the VWAP lines first $65 and then $68. I will open
equal amounts of call options striking the targets with expirations on July 28th. I seek a
100% ROI in the next 6-8 trading days. On an intraday basis, I may enter a low DTE call option
at the low of day ( typically mid-morning) and exit at the high of day the same or next day.
PLUG rises on EV Sector strengthPLUG on the daily chart demonstrates a VWAP breakout having first trended down
into the lowermost VWAP bands from anchored VWAPs originating in November 2022
and January 2023. Fundamentally, PLUG is burning cash but less of it with each
succeeding earnings report. In the past two months price has ascended through a
couple of VWAP lines and has now crossed the mean VWAP in a sign of bullish momentum.
Price bounced up from the POC line of the volume profile in a demonstration of bullish
buying power and buyers defending that support level.
The dual RSI indicator shows that the 3-hour time frame RSI line in blue crossed over the
slower weekly time frame RSI line in black about June 28 and they are both above the
50 level is another bullish sign. On June 30, the zero-lag MACD had its lines descend to the
horizontal zero line and bounce upward over a positive histogram. The relative volume
indicator shows increasing overall volumes with the mean rising from 15M to 26M daily
overall. The presumption is that increasing volume supports price action while decreasing
volumes would cause price and volatility stagnation.
From this analysis, I conclude the time is right for a long-swing trade of PLUG. i will
zoom into a 15-30 minute time frame seeking a pivot low from which to enter using
a stop loss of 12.15 and targeting those upper aVWAP bands/lines.
Can VZ reverse with earnings coming up?VZ on the 2H chart has been in a trend down since July 5 and the fall is accelerating
in the past three trading days. Earnings are a week away. The dual time frame RSI
indicator shows the weakness with RS in the oversold and undervalued zone while
the zero-lag MACD shows hard bearish momentum. Relative selling volumes are
about 3X the mean. Overall considering that price is now three standard deviations
below the mean anchored VWAPs set in March and April I believe that price is now
at or near the bottom. Accordingly I will watch for signs of a reversal on a 30-60
minute time frame from which to consider a long entry. the upcoming earnings
could increase volatility and potential profits if VZW can rally some trader interest.
AGQ- A Silver on steroids ETF LONGAGQ a leveraged ETF of silver and its futures, spent mid-March to mid-April on a great
uptrend from which it pivoted down in a 50% Fib. retracement which took two months
to complete. After a bit of consolidation and sideways channeling, it has finally launched
into bullish continuation as shown on the daily chart. The Lorentzian AI machine learning
indicator printed a buy signal today as it reacted to a green engulfing candle crossing the
mean VWAP anchored from the pivot low of mid-March. This indicator has extreme accuracy
in its signals as demonstrated on its tables. On the MTF RSI indicator, the low TF RSI has been
riding above the higher and crossed the 50 level one week ago. The zero-lag MACD is
confirmatory. Overall AGQ is ready for a swing long trade which I will take. I will zoom
into a 30-60 minute time frame and look for a pivot low from which to enter. My target
is the line showing two standard deviations above the anchored mean VWAP presently
about 36.3 representing at least 20% potential upside and profit. The stop loss will be
narrow with the price presently at the mean VWAP and POC line of the visible range
volume profile I will set it at 29.85. ( The risk to reward is approximately 1:40 )
DYODD !
GOEV pulled back and is re-entry ready LONGGOEV on the 30 min chart had a big trend up from June 30th through July 5th- then pulled
back for two day before a huge momentous move up on Friday July 7th. where it moved
from the support of the mean VWAPs anchored in mid June into overbought territory
two standard deviations above that level. On Monday July 10, price dropped precipitiously
back to those mean anchored VWAPs. The past day was marked by sideways consolidation.
The volume profile shows the heaviest trading volume at just below the VWAPs which is
cross-validating. The Chris Moody MTF RSI indicator shows the lower TF RSI in the past day
has crossed above 50 and now at 60 meeting the higher TF RSI. The zero-lag MACD has the
lines crossing over the zero horizontal line and parallel suggesting a bullish continuation.
Overall, I see a long trade setup with possible significant price movement anticipated perhaps
in the range of 20% targeting the pivot high last Friday.
