TrueTraderOfficial

TrueTraderOfficial

I think this name is oversold. Wrote down $23.10, has a strong support from back in Feb - Mar, also got prior quarterly at that level. 22.82 was yesterday's low. I think the move is overdone, feel like this can push back into low 30s near term. Looking for swing trade on this.

TrueTraderOfficial

Looking at $41.10, previous low and a monthly pivot also has 20D SMA as well.

TrueTraderOfficial

Missed earnings and beat revenue. Considering overall EV industry I think there will be buyers around on this name. My level to long 30.10 & 29.40. $30.10 is right off whole number, quarterly & prior support.

TrueTraderOfficial

Q3 guidance was off. Had a nice wash in the post market. My Levels for long: $65.30 & $63.20. $65s has a lot of support in there, prior monthly, quarterly and a annual pivot if it breaks that level, 63.20 is my next spot. We have monthly pivot which macthes with a SMA line. From the short side I would love to take a shot around 72.50 - prior resistance.

TrueTraderOfficial

My Level: Long at 36.30 & 35.10. You can see the old resistance which lines up w/ the monthly pivot. $35.10 is the prior close plus a whole number.

TrueTraderOfficial

My Levels: LONG at $110.30 and 107.50 Why: You can't ignore that 107.50 area. 200d, monthly pivot. 110.30 is previous month pivot and previous low. When their earnings reported everything seemed in line. They even raised their fiscal 2021 earnings.

TrueTraderOfficial

My Level to long $PTON: $115.80. Why: The reason being we have 50d support right at that level.

TrueTraderOfficial

My Level: LONG at $140.30 Why: Numbers and guidance were ok. This level is on the monthly pivot, prior support, above G2C. Looking for G2C (gap to close) type play.

TrueTraderOfficial

My Level: SHORT at $41.95 Why: Only $1.50 range. I like to include interesting names that aren't on anyone else's scan can, knock-on-wood, end up being easier trades. The numbers were unimpressive. The monthly pivot and previous close are right here.

TrueTraderOfficial

My Level: LONG at $37.60 Why: Monthly pivot. Usually only has $1.50 range. My Level: SHORT at $41.60-41.80 Why: Looking for a fade into G2C (gap to close). Any push into that would be a fade. Purely technical play.

TrueTraderOfficial

My Level: LONG at $78.50 Why: Prior support. Best spot is 74.30 on the quarterly pivot. It has $5 range. Decent. Numbers were in line. Slight bottom line miss. Guidance seemed ok. I'm looking at bounce play. They came in on a loss of $0.90 instead of $0.88. Should be a good bounce play on tomorrow's open.

TrueTraderOfficial

My Level: SHORT at $40 and $41 Why: I'm looking for a fade on this on a pop. This has a $2 - $3 range on this. When you look at their earnings, the top line they missed by a hair and they are talking about cutting their fiscal year 21. No one likes when they start cutting guidance. This is a name that is already breaking down and could remain heavy. Sometimes...

TrueTraderOfficial

My Level: LONG at $168 - $164. This could change in the morning. Their conf call was at 5pm this evening. Looking at the Volume Profile POC is sitting right at 168. The quarterly pivot is sitting on 164. My Level: SHORT at 183.88 - 185.08. On the flip side if we can get an early push into the 50d and 200d area I'll be looking for a fade.