TrueTraderOfficial

TrueTraderOfficial

My Level: Long off $375 We have previous low and quarterly pivot down here. Lighter volume name trades million shares or so. Has like a $12 ATR. Closed at $385, considering the ATR watch it for a pull to the mentioned level, held it twice with this kind of market. Had big earnings beat, strong name pulling off a little bit, but still has buyers in the name

TrueTraderOfficial

My Level: Long off $143 You could see its the 50D SMA. Right below that you also have Annual and monthly pivot. Its got a $6.50 ATR. If market has a real pulldown tomorrow that might be a nice level to trade it off. If doesn’t happen tomorrow might look for it on Friday

TrueTraderOfficial

My Level: Long off $124 The reason is because you have 20D SMA and prior resistance. Has $3.53 ATR, that bring it down right into that level from 127. I want to see what it does tomorrow morning. You have prior lows and 50D SMA, lets see if it can come little bit more and give us a opportunity off 20D SMA

TrueTraderOfficial

My Level: Long off $47.10 Had nice bounce and retraced back to the 200D SMA. I know it closed below 50D, let’s see if it holds $47s reclaims 200D SMA. I want to put it up there because I love stocks coming off 200D and coming into prior resistance which lines up with my level. If market open ups flat or green and pushes up, this can really hold and can take off

TrueTraderOfficial Updated 

DoorDash. May not get this on Monday but I want to get this around the 20d SMA as much as possible. If the 20d creeps up too much I’ll want to see this against last week’s lows (212.80 area). This name has been on a tear lately and I think it has more to go so I want to make sure I’ve got my eyes on DoorDash.

TrueTraderOfficial Updated 

Earnings on Friday sent this big guy ripping back towards ATHs. 50% retrace of Friday’s candle puts us right into that quarterly pivot area. I would be interested in buying some early weakness in the name around that spot. This is the kind of chart where if the trade works and we close the day somewhere close to highs, I would be very inclined to swing a portion of it. 

TrueTraderOfficial

Palantir Technologies is another name from last week. It broke out beautifully and the chart is in tact. The pull-back was deeper than anticipated (but that came with the market imo) but it’s still strong and I want dips to buy. I’ll be looking for dips to buy.. like the 20d SMA but not sure I’ll get it. I may just start buying on dips risking against previous...

TrueTraderOfficial

Airbnb probably wont be a Monday trade. This feels more like a Tues, Wed, maybe even Thurs trade. I want to see this find near-tern resistance right here before looking for a pull back. I want to be buying this as close to the 20d SMA as possible on a pull-back.

TrueTraderOfficial

Last week in the Sunday Prep we pointed out that a break above 47400 that didn’t get back to the 53k area but instead rolled back over and then lost 42830 then to “look out below.” Well, that’s exactly what happened and the break of that level saw over 3k points more of downside. Bulls have some work to do here because at the moment you have all 3 major moving...

TrueTraderOfficial

$BYND - Long off $112 WHY: Low from couple of days, looking for reclaim of 20D SMA

TrueTraderOfficial

$JWN - Long off $27.86 WHY: Previous day's low & 20D SMA, looking for 28.70 clear (YP) for push into 31 - 32

TrueTraderOfficial

$PTON - Short off $100 WHY: It was heavy as anything, any push into $99 - $100 is gonna be a nice fade

TrueTraderOfficial

$GPRE - Short off $33.50 WHY: came in on news; closed on low, AP 50-60% retrace you also have prior support

TrueTraderOfficial

MY LEVEL: $125.50 WHY: Has a Doji candle formation in the daily plus we have Monthly Pivot, Annual Pivot and prior low is at $124.88

TrueTraderOfficial

Long off $271.15 WHY: ATR is $8, good looking stock closed abv 20 MA; will trade off prior close & looking for break above $278.50 into new highs

TrueTraderOfficial

$BGFV - Long off $25.20 WHY: Cleared prev high, closed real strong, want a dip back to previous low/consolidation for a close abv 20 MA

TrueTraderOfficial

$70 is a whole number plus we have previous low & 126 SMA. If its too close in the morning will be watching next level below that, you have 200D SMA at $69 (prior resistance)

TrueTraderOfficial

Long off $135.55 WHY: Previous low; MP & 50D SMA. Looking for a $140 push