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Bigskytrader

VLO - Possible Bullish Swing TradeI will be watching VLO over the next few days and may enter a bullish swing trade if I like the setup. What I will be looking for is a bounce one more time off of the 100 SMA. For the most part, I usually only focus on pure price action when determining whether or not to enter a trade but when looking at the fundamentals for VLO combined with the recent pullback I believe VLO is also undervalued at the current price, which could be a catalyst for a move to the upside. To be clear I am not suggesting that anyone should initiate a long trade on VLO tomorrow but should keep VLO on your radar and watch for a possible bullish setup.
NYSE:VLOLong
by Bigsky_Crypto
AAP - Possible Bullish Swing TradeI am setting up a possible bullish swing trade on AAP. This is what I want AAP to do, breakout above resistance at $119.00 then pull back and re-test the old resistance which now should provide support. If AAP does breakout I will enter a limit order to buy a little above support, maybe at $119.35. If AAP does breakout I would hope to see a re-test fairly quick, maybe 3 - 5 days. If by chance AAP does not re-test and just keeps moving higher or does not breakout and moves lower from here, no big deal I will just look for another trade.
NYSE:AAPLong
by Bigsky_Crypto
PEP - Possible Bullish Swing TradeHere is a bullish swing trade that I may take if PEP moves over the next several days as I would like it to. What I see on the daily chart is a double bottom followed by a breakout of the double bottom neckline and now the price has pulled back to re-test the neckline. What I want PEP to do over the next few days is to form an S-Curve like the blue line I have drawn. It is still too early to set an entry or stop but hopefully, they can be set sometime next week. Here is the hourly chart where you can get a better look at the double bottom, the breakout, and the re-test.
NASDAQ:PEPLong
by Bigsky_Crypto
SWKS - Possible Bearish Swing TradeI am considering taking this Bearish swing trade on SWKS. One thing I worry about is if I am triggered into the trade SWKS just recently bounced nicely off of the 20 EMA. If I get triggered in Monday or Tuesday, most likely the 20 EMA will be just below my entry. I sort of would rather have SWKS move sideways a few days allowing the 20 EMA to move above my trigger price. Obviously, I have no idea if the trade will work out in my favor or for that matter if I will even be triggered into it but I really like how the price action looks when I view the hourly chart. To me, it looks pretty weak.
NASDAQ:SWKSShort
by Bigsky_Crypto
DVAX - Aggressive Swing TradeThis is an aggressive swing trade that I will be placing early Monday unless the markets look extremely bearish. I am calling this an aggressive trade because of the obvious roadblocks that it will need to overcome in order to reach the target. Also because If I am triggered into the trade and it moves in my favor I will be quickly moving my stop loss up to mitigate my risk as soon as possible just in case one of the roadblocks does, in fact, prove to be insurmountable. Here are the things I like about this trade 1) The price is bouncing off of the 200 SMA 2) The last 3 candles have formed a morning star reversal pattern Here are the potential roadblocks facing this trade 1) The price must break through a fairly strong looking resistance in order to reach the target. 2) The 100 SMA is dropping and will most likely pose a strong resistance as it has in the past. Here is my set up 1) My Bullish stop limit - place the buy stop at $16.75 and the limit at $16.78 2) My stop loss will be placed at $15.55 and my 2R profit target will be at $19.15
NASDAQ:DVAXLong
by Bigsky_Crypto
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