$OSTK | WEEKLY WATCHLIST 11/8One of my favorite swing setups pending. Patience is key here, waiting for the retest for entry.
Calls
$NFLX | WEEKLY WATCHLIST 11/8Netflix is one of the few counts I have that look to have a potential significant local top put in. Looking for a corrective wave 4 to take place here and would be very healthy for the stock. Wait for confirmation first.
$MU | WEEKLY WATCHLIST 11/8Monthly cup and handle forming, this is a long-term view. Nice falling wedge breakout looking for upside from here.
$LCID | WEEKLY WATCHLIST 11/8This one has been a monster recently. I personally swung calls since Friday and took my profits for a healthy gain. Sitting out until wave 4 satisfies.
$GOOGL | WEEKLY WATCHLIST 11/8Risk/reward here is quite low for upside. If you aren't already in from when I shared Google before, I would wait for a pullback to enter long.
$GM | WEEKLY WATCHLIST 11/8Potential weekly breakout here... Interested to see how we look towards the end of the week.
$ATVI | WEEKLY WATCHLIST 11/8Looking for a bounce off major channel support. Sitting in oversold territory.
LONG GoldI'm looking to get into SAND December calls.
~Gold Is looking really good and going off of past history, end of November is a big run for gold and silver.
~SAND has a nice looking inverse Head and shoulders going on.
~SAND also bounced off of the long term support
8 Bucks is my PT, as that will have the most resistance. I will also be watching if it breaks out above the resistance line.
$PYPL | REQUESTEDPayPal looks to be finishing up a regular flat for the corrective wave 4. They report earnings on 11/8 AH.
Things to note:
- Sitting on diagonal support
- Completing corrective wave 4
- Daily RSI showing a lower low (Seller Exhaust)
- Daily chart showing higher low/double bottom forming
- Possible hidden bullish divergence forming (Signals Continuation)
$NVDA | REQUESTED TAAfter an INSANE run today, Nvidia looks like it needs to cool down a bit. Going long at this region presents a lower risk/reward than I'd ideally like to take. Things to note are the extended MACD and 2.618% fib extension to potentially conclude wave 3.
Pullback into $255-270s would be ideal to build a base for the 5th wave higher!
$GOOGL | TRADE IDEAGoogle gifting us with a new ATH today. All eyes on the previous ATH level of $2973. Need a daily close over this key level to confirm continuation towards my wave 3 target of $3032!
$RTY | UPDATEAlmost at the wave 3 target, upside limited in my opinion. Wait for the wave 4 dip. It will be a gift in the market.
Thank me later.
$QCOM | UPDATEAll targets HIT and gap nearly filled after a monster move from earnings! Idea was shared when QCOM was trading at just $130 resulting in over 20% move in equity.
Congrats if anyone played this one!!
This Stock Looks to Much HigherNYSE:AER
Academy Sports and Outdoors has a really bullish chart and overall has gained massively. Not sure what's going with the fundamentals but the chart looks really crazy.
$AMD | TRADE IDEAAdjusted my AMD count and this one makes more sense to me now. Looks like a larger nested 1-2 count instead of a 3-4 from the falling wedge area. This makes the count much more bullish and aligns a bit better with current price action.
As long as $118 low holds, I expect $146 target.
$WKHS | TRADE IDEAThis one has LOTS of work to do and MANY hurdles to get through... but if the $6 low holds, I see $69 first.
$RTY | TRADE IDEALimited upside left on this wave 3. Wave 4 pullback to retest the breakout will be a GIFT. Targeting $2555 from there.
$OSTK | TRADE IDEAIt's probably nothing right...?
Looking for retest and hold of breakout to confirm higher!
$GM | UPDATELooks like we have a bit more consolidation to do inside of the wedge... Only a matter of time before we see a nice breakout.
Overstock is Ready, Are You?NASDAQ:OSTK
This stock came up on my option scanner and I have to say that I totally agree. This thing could just be getting started.
I looked back to see how price reacted at this level when the above indicator was this far extended. We got some pretty nice gains, most notably the first.
PT $125?
$MMM | Trade IdeaNice inverse head and shoulders forming on the daily. MACD also looks like it wants to flip too. One thing to note is the potential rising wedge pattern forming after quite a large drop. (bearish)
Must wait for confirmation before considering an entry.
