TrueTraderOfficial

TrueTraderOfficial

My level: 22.80 Why: Prior monthly and support Notes: I know its way down there but I’m going off of how it traded today, super heavy; numbers seemed okay to me as well.

TrueTraderOfficial

My level: 127.50 Why: Support area, prior low, 50D Notes: It has been a strong name and there’s a confluence of indicators in this area.

TrueTraderOfficial

My level: 45.20 Why: Previous support, bouncing off this level Notes: I have been following this name, it has held $45 pretty well. If it breaks through 45.20, 44 is the next level

TrueTraderOfficial

My level: 73.10 Why: monthly pivot, quarterly pivot Notes: Its a strong name, just above the monthly pivot, closed on low, have to believe it will come in a little bit more, 2.4ATR should get it down to 73s or so.

TrueTraderOfficial

My level: 86.10 Why: Monthly pivot, prior consolidation Notes: Little bit of prior resistance which means new support. Closed close to lows, lets see if it holds 86.10 and makes another leg up.

TrueTraderOfficial

My level: 63.10 Why: Previous low, 50D Notes: nice move from 59 to 68, nice retrace and bouncing off the 50D. Decent ATR as well.

TrueTraderOfficial

My level: 49.70 Why: strong name, prior low, annual pivot, prior monthly pivot Notes: The name was super strong. I’ve been watching this name and have it on swing.

TrueTraderOfficial

Curl on the daily, numbers look good in my opinion. Been holding a $70 area. Prior resistance shows it has to close the gap

TrueTraderOfficial

My level: 25.60 Why: Numbers/financials good in my opinion. Annual pivot and support. Notes: Down about 1.5pts when it closed, there is a lot of support at 25.60.

TrueTraderOfficial Updated 

Just a 700b market cap trading 20% above the 20d. Nothing to see here folks. Daily looks toppy up here so will be ready to throw this trade on with risk over the recent highs. But pay attention to the fact that it’s held the 120min20 this WHOLE move up. So if we get back to those levels, we may hold and base for another attempt at highs. Always manage risk!

TrueTraderOfficial

What’s crazier than a 700b market cap company trading 20% above the 20d? How about a 1.2 TRILLION market cap company trading 20% over the 20d!?!?! Insane times we are living in. But the difference here is that this name has already had some pullbacks that held. As crazy as this sounds, I would actually like to see this head higher first. Yeah, I am one sick son of...

TrueTraderOfficial

Not too often this name gets this much separation from the 20d. The higher the better but will be stalking for lower highs and a spot to get involved with defined risk.

TrueTraderOfficial

Initial reaction on the earnings report was a move lower and they spiked it up the next morning in the premarket and then it sold off all day. I think this could potentially unwind down towards the monthly 20sma with 200 acting as a magnet. I would like to be fading a hard pop back towards 250.

TrueTraderOfficial

Pop back into the underside of the 20d/annual pivot is where I’m thinking we get a good short opp. Hoping it can spike up into the level as opposed to grind up there.

TrueTraderOfficial

Thinking if this spikes hard up into the 126 level that it should give a nice fade opp. Stacked monthly/quarterly pivot area as well as the descending 20d coming down into it.

TrueTraderOfficial

Fresh off an earnings miss, SEVERELY over-leveraged, and in a complete freefall. What’s not to love?! LOL. Regardless, if this sells off down towards $25 or lower, I’ll be watching for a relief bounce day.

TrueTraderOfficial

Hate them or love them, the chart looks to be setting up. Will be watching for a flush into that quarterly pivot area around 31 for a bounce play. There are a lot of other spots lower where I would take the same shot, but won’t be building into the position if it doesn’t want to work at the first level. Will simply stop out and revisit

TrueTraderOfficial

Big beat on earnings last week and we got a beautiful daily candle on the name. Will be watching for a weak open to start and hold around 194-195. You have a monthly pivot in there as well as about a 50% retrace of the daily candle. Ideally this doesn’t give back more than ½ of Friday if it’s going to remain strong.