TrueTraderOfficial

TrueTraderOfficial

Recent SPAC that is in a VERY interesting sector; digital assets. Momentum is not dying so far on the name and as crazy as it may sound, I can see this one getting REALLY wild if this trend holds. I’m looking for 2 different areas. The first is that 32 level which lines up with the 61.8% fib level as well as Thursday’s HOD. If that area doesn’t hold, the next area...

TrueTraderOfficial

Very nice daily chart here. Just broke out to new highs. Was a 28.5m share IPO priced at 36. Thinking a pullback to that 48 area offers a nice spot to watch for buyers to show up. You have the quarterly pivot/weekly pivot/61.8% fib level all in that same area as well as Thursday’s HOD.

TrueTraderOfficial Updated 

Why: Prior Low + MP Was watching this today, bounced right off MP and closed on highs. Eyeing any weakness to get long off 60.85

TrueTraderOfficial

This name is definitely getting a bit extended up here. I would REALLY love it if we can get a big gap up and push higher to just give it that A+ look for the short. I’m not here to guess tops on this name. Will be waiting for lower highs and the ability to have defined risk on the name.

TrueTraderOfficial

I want to short any big push up into the underside of the 20d/monthly pivot around 52.50. Highly doubt this sets up till a bit later in the week, but making sure it’s on my radar.

TrueTraderOfficial

This name sold off after their earnings where they revealed that they are really feeling the impacts the supply chain disruption. I think any pop back into the 220 area is a good spot to try to fade the name with risk over the 220 area.

TrueTraderOfficial

I have 2 spots where I would like to take a shot on the fade for this name. The first is a pop back into the annual pivot at 77.94. If that area isn’t holding price down, I have no problem stopping out and looking for a re-entry from 80.5-81.

TrueTraderOfficial

I think this is going to be a great opportunity on this name if we can get these prices. This all stems from a major short trigger that occurred back in 9/28. It was a short setup based on the weekly chart and the monthly timeframe was where we were extended. This setup has the monthly 20sma as it’s target. This level also coincides with the quarterly pivot as...

TrueTraderOfficial

Both $PSX and $PXD are on watch for these little flag breaks. Have alerts set on $XOP and $XLE for a heads up that the sectors are getting the same push. If we get the signals, I will be interested in buying dips to join trend. Keep in mind that $PSX reports earnings Friday before the bell.

TrueTraderOfficial

Both $PSX and $PXD are on watch for these little flag breaks. Have alerts set on $XOP and $XLE for a heads up that the sectors are getting the same push. If we get the signals, I will be interested in buying dips to join trend. Keep in mind that $PSX reports earnings Friday before the bell.

TrueTraderOfficial

I know Goose is gonna love me for putting this one on the list, lol. This name has really been acting well even while the retail sector has been flat-ish at best (with the exception of $M of course). I would take a shot on a flush down to 42ish, but if that area can’t hold, I would still be VERY interested in getting long this name if it can test the weekly 20sma...

TrueTraderOfficial

This name has been respecting the 120m20sma very well. We just had a really nice break to new highs on Friday so I would like to see an early flush Monday down to the 63.80 weekly pivot (this is where the new weekly pivot WILL be on Monday) for a nice spot to scoop. Stock has great range.

TrueTraderOfficial

This stock loves to make these nice controlled retraces before heading higher. Friday had a clean breakout of this base that it’s been building and now a 50-61.8% retrace puts us right into the retest of the breakout area. Not thinking this has to happen Monday. Could easily be something that develops through the week. But I want to keep this on radar.

TrueTraderOfficial

Why: Whole # (40) + 50D SMA + Prior Close Earnings were rough. I'm thinking this will fade back into $35

TrueTraderOfficial

Why: Prior close + Whole # (160) Cut their guidance, but had a nice run into earnings. I think this is gonna present a nice fade tomorrow. Might bump my level down to 160 (whole #). Has $3 ATR, looking for a G2C type of trade

TrueTraderOfficial

Why: QP + Whole # (140) + 50D SMA Reported earnings on Wednesday AH, the numbers did not seem to be impressive. Have to see how it opens, gapped down in the AH. Might be a nice one to join for a fade

TrueTraderOfficial

Why: Prior low + MP + 50D SMA Doesn't have a lot of range to it. But when you see a lot of levels coincides, I want to be there if it pulls back into that level

TrueTraderOfficial

Long off $67.15; Why: Prior low and Monthly pivot, I think this stock is setting up for a breakout