TrueTraderOfficial

TrueTraderOfficial Updated 

My levels: 72.10 & 71.20 Why: Monthly pivot, 50D, previous low Notes: this stock closed weak today, this level might be too close. I wanna watch these levels tomorrow to see what it does. I personally think this is oversold and think it has potential for a really strong bounce.

TrueTraderOfficial

My level: 44.25 Why: 200D, prior monthly pivot Notes: Numbers seem okay and there is a nice retrace. Don’t make assumptions when numbers come out, because there’s opportunity for us.

TrueTraderOfficial

My level: 101.80 Why: Previous low, 50D Notes: Holding the 50D, nice pullback to the previous day’s low and the 50D. If it tests this level it could be a $2-3 trade.

TrueTraderOfficial

My level: 265.70 Why: Previous low, 50D Notes: $9-10 range, 50D has been closing above it, it tested the 50D twice and now it closed above

TrueTraderOfficial

My level: 22.25 Why: Prior low, 50D Notes: Nice retrace after the big move up, retraced about ½ of the move. Could be a good bounce if it gets to the Prior low and 50D.

TrueTraderOfficial

My level: 48.30 Why: Previous day’s low, 200D Notes: Making higher lows on the daily, holding a trend line, looking for a clear on the 48.50 area for a next leg up.

TrueTraderOfficial

My level: 53.30 Why: G2C, Previous day’s high Notes: Plenty of room to push back up, want a quick dip in the morning. For now I’m looking at the previous close but it might change in the morning once I draw a fib.

TrueTraderOfficial

My level: 141.50 Why: Between 2 pivots, due for a retrace from the gap Notes: Between 2 pivots, nice retrace from the move it’s making on the big gap. I’ll draw a fib in the morning and see where it’s at in relation to this nice pocket.

TrueTraderOfficial

My level: 35.90 Why: 200D, monthly pivot, prior support Notes: Prior support equals new resistance, I know it’s making higher lows on the daily, but it’s pushing into nice resistance levels. I’ve been watching it at those resistance levels

TrueTraderOfficial

My level: 67.10 Why: Holding this level Notes: Its a strong stock, raised their 2021 guidance and the numbers look nice to me.

TrueTraderOfficial Updated 

I know the ATR on this one is small, but if we break back below 17, we may see a momentum burst to the downside with some extended range. Would be willing to consider shorting any pop into the low 18s if it were to spike off the open on Monday. The new monthly pivot will be 18.39 PROTIP: If you have problems seeing short ideas because you are typically a...

TrueTraderOfficial Updated 

Another name from the Consumer Discretionary sector that just rejected the underside of the 20d on Friday pretty convincingly. I’m watching for this name to lose 82.5s and then short pops on lower highs. I know that the travel sector can be pretty cyclical and that there is a lot of traveling over the holidays, but this isn’t a swing idea and I’m not concerned...

TrueTraderOfficial Updated 

This idea was on the #SundayPrep back in late September when we had the big volume and breakout. Even though that move eventually got stuffed, it never really broke down. Instead it continued to make higher lows and build the base. Now we are breaking again and the whole sector is hot. With Tesla and Lucid sparking life to the EVs, I’m looking to buy any weak open...

TrueTraderOfficial

This name is getting a bit frothy up here, especially when you look at what this stock has historically had as extreme moves. Thinking there is a real nice fade in here and would love to see a push towards 83s to get it looking even more juicy. As always, wait for the author to tell you it’s time instead of playing guessing games the whole way up and ending up...

TrueTraderOfficial

Ignore the swing idea on here as that idea is complete and nothing left to do with it, but I like to keep old ideas on the charts so that I can look back at things later on. But this is really starting to speed up and get some real separation from the 20d. But keep in mind that it already pulled back since the initial big move up, and it clearly showed the ability...

TrueTraderOfficial

I know this move down on the earnings report might seem overdone, but you have to remember where that Consumer Discretionary ETF ($XLY) is trading. If that sector is about to roll over and fall back to support, a name like this is very likely to have some more downside. I think any push back to high 108s/low 109s offers a pretty good area to look for lower highs...

TrueTraderOfficial

Social media names have gotten crushed recently and with the market where it’s at, they might come down a bit more if we roll over. I think Twitter off that 48-50 area offers a great spot to watch for buyers to show up. The monthly 20sma will adjust Monday morning, which I’m guessing will be somewhere in the low 50s. You have your quarterly pivot down at 49.17 and...

TrueTraderOfficial

SPAC that has had a recent move up on increasing volume. Notice how after the big move up, all the dips keep getting held? This could be gearing for a major move and it is LOADED with shorts. Over 14.43 and we should see some fireworks. The idea is to be in from down here and that way you can be patient to let it work. I’m eyeing dips vs 12. So far the pullback to...