TrueTraderOfficial

TrueTraderOfficial

Why: Prior low and Monthly Pivot Had a big move recently, prior resistance acting as support

TrueTraderOfficial

Why: Prior low and 126D SMA It's clearing the 104.50 area, could be 50D SMA magnet

TrueTraderOfficial

Why: Monthly Pivot and 50D SMA Been on a really strong trend. Down almost 10 pts or so today. Looking for a follow through on Thursday for a curl back up from 50D SMA

TrueTraderOfficial

$JKS - Short off $54.50 Why: Annual pivot, Monthly pivot and Previous day's highs Notes: Its also pushing into prior resistance/support. Its couple of bucks away and has a $3 ATR. Think its going to setup for a fade if pushes into mid $54s

TrueTraderOfficial

$BYND - Long off $103.30 Why: Previous day's lows Notes: Looking at this 106.50 clear, just below the 20D SMA. Think its gonna curl off this trend and push into 50D SMA/prior resistance

TrueTraderOfficial

$AMD - Long off $106.55 Why: Previous low and 50D SMA Notes: Had really strong day, breaking out of the channel on the daily. Watch any weakness to see if buyers come back on it tomorrow or Friday

TrueTraderOfficial

$QCOM - Long off $123.50 Why: Previous low and Annual pivot. I think its oversold; announced a $10B buyback yesterday. It's just an authorization for a buyback, have that in mind. Not like they are going to do it tomorrow

TrueTraderOfficial

$OSTK - Long off $72.89 & $70 Why: Previous day low, 50D SMA and Quarterly pivot Notes: Just above the prior quarterly, also had lot of support around the $70 area. Bottom of the trend, like this name overall for a long

TrueTraderOfficial

$DFS - Long off $120.30 & $121.30 Why: Prior monthly pivot Notes: Like how its respecting this 126 moving average

TrueTraderOfficial

$CHK - Long off $61.05 Why: Previous low and Monthly pivot Notes: Nice trending chart, like the industry. Like the Doji candle from today. Coming down two days in a row, looking for a nice bounce on it

TrueTraderOfficial

$BBWI - Long off $63.05 Why: Previous low, whole number and Quarterly pivot Notes: Watching for a $65 clear on this for a nice leg up

TrueTraderOfficial

$SNAP - Long off $74.30 Why: Previous day low and the 50D SMA Notes: Making higher lows on the daily. Looking for a $77.50 clear and a push up. Maybe $80 magnet

TrueTraderOfficial

$FCX - Long off $34.70 Why: Previous day's low and 50D SMA Notes: Breaking the down trend on the daily chart and closed above the 200D SMA. Looking for a clear of this level 36.30. Feel this is going to push to $38.

TrueTraderOfficial Updated 

Just want to see if early weakness into mid 31s-32 starts to hold as support. If it does and the volume isn’t dismal, I may look to scoop in anticipation of an eventual push back over 33.7 to send a bunch of shorts scrambling.

TrueTraderOfficial

I like where this pullback from the highs has shown the ability to hold. It’s just a nice retest of the breakout from the 9 month long base that was built from Dec.’20-Aug’21 as well as the psychological 100 level. Will look for an early wash off the open to snag some in the 103 area where we have the quarterly pivot plus a retest of last Tuesday’s highs.

TrueTraderOfficial

Like this name a lot and think that the 50d/annual pivot area around 135 offers a high probability area to scoop for a bounce. I like the range on this name and I like that it respects a lot of the levels really well.

TrueTraderOfficial

Still really like this weekly chart for a swing. Reminds me a lot of the $DISH chart with the big cup and handle forming. Just trying to position in there on dips so that if this decides to start making that push I can scale into the swing. Looking for a weak open and scoop opportunity around 82.9 which is close to the monthly pivot and the 61.8% retrace from the...

TrueTraderOfficial

Financials still look extremely strong as well, making higher lows and higher highs. Pullbacks can very well offer long opportunities. We also may get some extension on it, since we just broke out. Depends on the overall market though, but the weekly chart looks great on this