TrueTraderOfficial

TrueTraderOfficial

MY LEVEL: 60.20 WHY: PRIOR support + annual pivot. Whole number

TrueTraderOfficial

MY LEVEL: 54.50 WHY: Lines up with Prior low and 126 Day Moving Average

TrueTraderOfficial

MY LEVEL: 51.90 Why: 200d, Prior Support. Looking for a reversal in a weak sector

TrueTraderOfficial

MY LEVEL: 22.75 WHY: Annual Pivot, Holding the 50d. Not a huge ATR but it’s got a nice risk-reward

TrueTraderOfficial

Major short trigger last Friday on that 49 crack. Will be looking for all pops back into $50/200d to find sellers and roll back over. I don’t usually do this, but I am intimately familiar with this name and if the speculation is correct, my $4/share valuation is GENEROUS. LOL.

TrueTraderOfficial

If you remember a month or 2 back, this was shared as a short idea, and it’s really behaved nicely since. She struggles every time she pushes back up into the 20d and the 200d. I think now, if she breaks under 38.73, this could have quite a bit more downside. This was the chart posted a long time ago that got our attention on this as a short candidate.

TrueTraderOfficial

Typically I prefer names in this section to be sold off quite a bit more, but I really really like this name in general and think this might be a really great buying opp, even for longer-term accounts. Currently the way I will play it is to buy any opening weakness risking under last week’s lows. But if we continue lower, I would love a shot at buying this around...

TrueTraderOfficial

The setup is there to take this name back to ATHs. Technically needs over 418.44 to confirm the long trigger, but don’t think that’s going to be a problem if the momentum continues. Will need to see some retests of key levels hold before being interested. First area of interest would be the recent breakout level of $414, but would much prefer a retest of $400/20d.

TrueTraderOfficial

Technically this setup won’t confirm until over 331.66 (check charts with pre/post-market data to see why), but I like the look here especially when you consider the weekly chart with it. Think it could see 338 quickly and after that ATHs within striking distance.

TrueTraderOfficial

I would be a complete moron to not have this name in here this week. We are finally breaking out of this really long base. I’m just hoping the name gives a decent pullback before setting sail into the 700s. Would really like to see a retest of the 568-570 area so we can look for support.

TrueTraderOfficial

Can’t argue with a candle like that one! Sheesh. 50% retrace puts us just below 69 which was also an area of consolidation from Friday. It ALSO happens to be the new weekly pivot that will be here starting tomorrow. (that’s right, I went and preemptively calculated the new week’s pivots, you’re welcome). And dip down to 69 or slightly below will be looked at as...

TrueTraderOfficial

Nothing to see here folks. The trend is intact and everything continues to look healthy. All dips to support still keep getting bought up and making new highs. May need to consolidate for a little while just above the 200d before getting ready to make its next big push higher. 57k still looms as the first real area that might present a test.

TrueTraderOfficial

Under last week’s lows and I think we see the 20d pretty quickly. But on that same token, above last week’s highs and we could just as easily see 16k in a blink. Those are both the areas I would look for support and resistance as well.

TrueTraderOfficial

Last week was a pretty narrow range for what we’ve been seeing. Doesn’t necessarily mean anything. We’ve seen a decent move up so some digestion isn’t a surprise. Will be using under last week’s lows as the first area to think we see a bigger flush lower. The area I’m interested in seeing tested is the 20d as it lines up almost perfectly with the monthly pivot...

TrueTraderOfficial

MY LEVEL: 252.50 WHY: Gap fill, psychological number. It also puts you at 50% retrace from the nearby high and low

TrueTraderOfficial

MY LEVEL: 37.10 WHY: Gap to close. I want to see this GAP up to 39, a quick drop to 37 (prior resistance and prior close) and then look for a 30%-50% bounce from where it came from. (e.g. if it drops $2, I'll look for $1 profit)

TrueTraderOfficial

MY LEVEL: 46.40 & 47.50 WHY: Monthly pivot (46.40) and QUARTERLY pivot (47.50)

TrueTraderOfficial

MY LEVEL: 77.20 & 73.50 WHY: Prior support and annual pivot. I think we're going to see a nice bounce tomorrow (Thursday Sep 2, 2021)