Merchants, I hope you’ve all had a beautiful weekend.
I stay up for sharing a number of of my high concepts with you for the upcoming week, together with swing and intraday potential trades, in addition to exit and entry eventualities.
So, let’s soar proper into it.
Pullback in QS: Unbelievable run and momentum over the earlier weeks in QS. However, with the RSI closing within the 90s on Friday, important vary and quantity growth over the earlier two days, and a significant growth from shifting averages, I’m now leaning firmly on the quick aspect.
It’s additionally vital to recollect earnings mid-week for the inventory. Now, given the earnings, no matter my private bias, I gained’t be seeking to maintain this for a swing. Relatively, I’m simply searching for a profit-taking, one-day selloff occasion. Now, I feel we’re within the last innings, contemplating the worth motion over the earlier two days, however I’ll solely quick as soon as I see a significant change of character.
*Please be aware that the costs and different statistics on this web page are hypothetical, and don’t mirror the influence, if any, of sure market elements resembling liquidity, slippage and commissions.
Particularly, to get quick I must see one of many following: the inventory expertise failed comply with by close to a key stage (HOD for instance) and holds beneath vwap (change of character from earlier days). Or, I’d must see a First Crimson Day setup materialize. Lastly, and better of all, can be a spot up and blow off within the morning.
Concerning a imply reversion/pullback commerce, I’m monitoring JOBY for the same alternative, though I fee it decrease than the setup in QS.
Continuation in RDDT: Beautiful chart forming throughout larger timeframes. I particularly just like the 200-day SMA reclaim, adopted by a good consolidation at converging 10-20-day SMAs. If the inventory can push and maintain above Friday’s excessive and intraday VWAP, I’d contemplate going lengthy in opposition to the LOD for a multi-day swing.
*Please be aware that the costs and different statistics on this web page are hypothetical, and don’t mirror the influence, if any, of sure market elements resembling liquidity, slippage and commissions.
Breakout in AAPL: Beautiful setup forming in AAPL as nicely. The one distinction between this and RDDT is that AAPL stays beneath its 200-day SMA. Provided that, I wouldn’t be aggressive, contemplating the general development and overhead. However, if AAPL can take out final week’s excessive and show notable relative energy on the day – a big change in character – I’d go lengthy in opposition to the LOD for a multi-day swing lengthy.
*Please be aware that the costs and different statistics on this web page are hypothetical, and don’t mirror the influence, if any, of sure market elements resembling liquidity, slippage and commissions.
Intraday Momentum Breakouts in Quantum (IONQ, QBTS): The 2 best-looking charts within the business for me are IONQ and QBTS. Now, elementary bias apart, from a technical perspective, with critical momentum and clear ranges, I’d actually be open to momentum intraday longs on a clear breakout by important resistance. So, for QBTS, that’s round $19.70. For IONQ, Friday’s excessive is the KL to look at for quantity and agency help above.
*Please be aware that the costs and different statistics on this web page are hypothetical, and don’t mirror the influence, if any, of sure market elements resembling liquidity, slippage and commissions.
Further Concepts:
Bitcoin / Ethereum: Concerning Bitcoin, crypto, and crypto-related names – Nothing has modified week over week for me. Identical ideas as final week.
*Please be aware that the costs and different statistics on this web page are hypothetical, and do notreflect the influence, if any, of sure market elements resembling liquidity, slippage and commissions.
Photo voltaic Names Performing Properly: TAN, SEDG, FSLR are holding up exceptionally nicely and forming bullish bases. On watch within the coming days/weeks for a breakout entry.
*Please be aware that the costs and different statistics on this web page are hypothetical, and don’t mirror the influence, if any, of sure market elements resembling liquidity, slippage and commissions.
Pops to Quick in TELO: I’m uncertain, primarily based on its historical past, but when TELO pops up early subsequent week $2.5 – $3, I’d look to re-short publish failed follow-through.
*Please be aware that the costs and different statistics on this web page are hypothetical, and don’t mirror the influence, if any, of sure market elements resembling liquidity, slippage and commissions.
Get the SMB Swing Buying and selling Analysis Template Right here!
Vital Disclosures
