Buy Alert on NET
November 12, 2024:
Cloudflare (NET) is tightly consolidating and looks imminent for a breakout.
Before recent earnings, closed the position to eliminate the risk of a violent post-earnings move. After earnings, the stock is showing tight consolidation with reduced volatility.
Stop loss: Weak close below 85$
Daily chart of NET - Stock is consolidating above short and longterm moving averages, and now looking even better than pre-earnings chart pattern.
TOST with a good bullish set up
October 15, 2024:
Toast (TOST) now has a nice entry point for a new buy.
Look at the weekly chart with accumulation over the last few weeks. The stock broke out of a channel and consolidating tightly.
New buying opportunity in Unity Software (U)
October 11, 2024: Unity software (U) can be a good buying opportunity here. Several small caps are breaking out of long consolidations, and it's an excellent time to increase exposure to these stocks.
See the chart analysis below.
U is at the brink of entering stage 2.
Daily chart: See the accumulation volume pattern since August. This appears to be breaking out now after few days of tight consolidation.
Weekly chart: Building the right side and consolidating above 10 and 21 week moving averages.
A classic breakout in NET (Cloudfare)
October 11, 2024: After a multi-weekly consolidation, NET finally broke out of a volatility contraction pattern (VCP). Any pullback towards the 87$ might be a good buying opportunity. Many small and midcap stocks that have been dormant for several months, like NET are waking up, which is a good sign for higher profitable trading probability.
Stop loss: Weekly close below the 10-week moving average.
Weekly chart showing a classic VCP breakout.
ARM offering a good buy point
Arm is breaking out of recent consolidation and near term target would be previous all-time high of 189$. See the chart below.
Stop loss: 132$
Weekly chart: Breaking out of pennant and tight consolidation.
Viking therapeutics (VKTX) trading idea for long term entry
October 2, 2024: VKTX is setting up for the next bullish move and offering a good buy point. This stock is consolidating above 21-day, 10-week, and 10-month moving averages, the perfect technical pattern for a low-risk entry.
Stop loss: 58.6
Stock consolidating above 10 month moving average.
Weekly chart. Stock consolidating above 10 and 21 weeks.
September 23, 2024: TSM is looking ready
TSM has a good setup for a new trading opportunity. See daily and weekly charts below
Stop loss: 164 $
Daily chart: Broke out of a pennant after consolidation above short-term moving averages. The next target would be previous all-time highs!
Weekly chart: Similar to Uber, this has a good-looking pattern and is now offering a perfect entry point.
September 23, 2024: ASTS (AST SpaceMobile Inc) offering a very high reward, low risk entry
Several of the recent setups have worked out which indicates it may be reasonable to get more aggressive with new buys. Here is one stock I have been following over the last few weeks and now offering a good entry point for a trade.
Stop loss: Weekly close below 25.3$
Next target: 37-40$
Weekly chart: ASTS had a great year so far and after a rapid run up, consolidated over the last few weeks and now testing 10-week moving average. This stock had a very high institutional interest this year which is evident by the accumulation that's happening.
September 13, 2024: Monday.com (MNDY) looking good to trade
Monday.com (MNDY) resisted the recent market sell-off and respected the 10-week moving average. Institutional accumulation looks encouraging. This one will be interesting to watch for the rest of this year. Can it reach its prior high of $428$?
Closing price on September 12: 258.7$
Stop loss: 240.9 $ appears to be a strong support
This is Mndy's weekly chart. See how the stock respected 240.9 $ support and stayed above the 10-week moving average and accumulation. Two recent shakeouts (in March and July-August) make this even more attractive!
Trade idea # 7: Zoom ready to zoom?
September 12, 2024: Zoom (ZM) setting up for a good swing trade opportunity. Market internals are improving as well!
Daily chart of ZM
Trade idea # 6: Tesla and Amazon offering early entries
September 11, 2024: Tesla (TSLA) and Amazon (AMZN) are offering early entries for a starter position buy for the next big move. Slowly increase the position size rather than going all in. We are still waiting for the market to confirm bullish reversal, and if it happens, these two might be the next leaders of the move. One can use 21-day or 10-week moving averages as stop-loss prices.
Attempting to breakout after a short consolidation (daily chart)
Same with Tesla (daily chart). On the left, there was a significant reversal bar about four trading days ago—something to be cautious about.
Trade idea # 5: Veeva (VEEV) showing great relative strength in a weak market. Next Leader?
September 11, 2024: Veeva Systems Inc (VEEV) shows great RS in a weak market. It also has good fundamentals, an essential characteristic of a multi-bagger!
Daily chart of Veev
Trade idea #4: Good entry point in Verizon (VZ) for dividend seekers
September 11, 2024: Verizon (VZ) broke out of a multi-week consolidation and has a decent dividend yield. Ideally, it should close above $43.4$ by the end of the week.
Stop loss for longer term hold: 40.62$
Stop loss for swing traders: 41.07 $
Current price: 43.32 $
Weekly chart of VZ
Long term hold trade idea # 3: Two stocks are setting up for low-risk, high-reward entries.
Two stocks are setting up for low-risk, high-reward entries, providing a potentially profitable investment opportunity.
This idea might suit traders with a multi-weekly holding plan. SE and BABA stocks are consolidating tightly over weekly moving averages. If I had to pick one out of these two, I would like SE better than BABA because of recent institutional accumulation/ volume patterns.
SE:
Suggested stop loss: 69.9$
BABA:
Suggested stop loss: 76.7$
Tightly consolidating in stage 1 pattern with imminent stage 2 breakout opportunity.
Lovely volume patterns with rising RSI in the weekly chart (consolidating above rising 10-week and 21-weekly moving averages)
Trade idea #2: 50% upside potential in TGTX
Recent shakeout with an upside target of 35 $-36 $. Of course, with recent market volatility and underlying market weakness, another squat is possible as well. But I would take a 5 % risk for a 50 % upside.
Buy price range: 23.05 $- Current price of 23.5
Stop loss: 21.9 $
Let’s see how this plays out in the coming days - weeks. Good luck!
Monthly chart: Above rising 10 and 21 month moving averages
Weekly chart: Price above rising 10 and 21 weekly moving averages and consolidation.
Daily chart: Recent shakeout of weak hands and island reversal!
Trade idea # 1: Low-risk, high-reward trade opportunity in SPDR Gold Shares ETF (GLD)
September 10, 2024: GLD ETF has a perfect setup for entry with a low-risk exit. It broke out of a multi-year cup with a handle pattern and has been consolidating over the last few weeks in preparation for the next move up.
Buy Price: 232.62 $ (Current Price)
Stop loss: 227.5 $ for short-term hold swing traders; 219.5$ for long-term hold traders
See the daily, weekly, monthly charts below.
Monthly chart: Broke out of cup with handle this year
Weekly chart: Consolidating above rising 10-week and 21-week moving averages.
Daily chart: Tight consolidation above 21-day moving average and imminent breakout