Downloading...
Download

Pocline

GME new bullish momentum LONGGME on a weekly chart has clear the chop zone on that indicator and is now above the POC line of the long -term volume profile indicating that bullish momentum is greater than bearish momentum. I will take a long trade here targeting the pivot highs of 2022 for three quarters of the trade and the base of the high pivots of 2021 for the reminder. 21.7 below the POC line will be the initial stop loss to be moved to break even upon a price rise of 10% from the entry and then changed to a trailing loss of 10% upon another 10% price rise. I believe that GME is heavily shorted; Accordingly, a short squeeze could add to the push higher.
NYSE:GME
by AwesomeAvani
16
RBLX Deeply Undervalued LONGRBLX on the 4H chart is presently at the low extreme in its trading range over the past six months with the VWAP bands and volume profile overleaid. Pivot highes in the winter were in the 46-47 range while the 2023 pivot low was 25. RBLX is a kid's favorite and compets well with the other competing gaming setup. At present price touched 26.75 on 4X relative volume ( selling). This is an obvious bottom. I will puck up a long trade here targeting the VWAP and POC lines at the range of 37.50 to 39.50 and so seeking a profitable trade of 20- 25% overall in two pieces at the respective levels. Call options will be entertained if there is sufficient volume to support ease of liquidity.
NYSE:RBLXLong
by AwesomeAvani
RIVN reverses to upside LONGIn my previous idea, RIVN was short from the highs. That position was closed today as RIVN fell below the target. I now based on this idea have a long position. RIVN's move the second half of today's session was supported by a strong bullish move in the general market from the federal financial data principally the jobs report. On the 15-minute chart, RIVN formed a head and shoulders from January 29-31. The previous trade was from the top of the right shoulder until this morning when RIVN was progressing through a double bottom which intraday formed a " W" or " reverse cowgirl " pattern. The bearish ( selling only ) volume profile shows high-volume nodes at 15.8 and 16.0 so these are my targets. Price is above the POC line of the volume profile which is a bullish bias. Price is currently near to the level of a standard Fibonacci retracement of the previous downtrend I will take a long trade with targets as mentioned. The ideal entry is at 15.62 above a bearish high-volume node. Additionally, I will take a call option striking 16 for February 9th. As an aside, FSR is presenting a similar chart pattern and set up at a much lower price point . However, as a penny stock FSR has higher volatilities and may represent a lower probability overall. A trader may want to take a small position in each and see how they do.
NASDAQ:RIVNLong
by AwesomeAvani
9
Can INTC breakout from a trinagle ? LONGINTC on a 180 minute chart is in a flat bottom triangle since before earnings. The earnings report was a beat of 20% on earnings and 1.5 % on revenue but apparently disappointed greedy traders expecting more. Price has been mostly sideways. I saw the dip on Tuesday to Thursday as an opportunity to take a call option trade for Friday which had a great return. I see INTC ready to gain price and break out of the triangle. It has a P/E ratio much lower than some of the high flyers in its subsector making it attractive to value-seeking investors and traders who like to buy at the lows. Price is now above the long-term POC line where buying pressure should predominate. Having seen the rise on Friday, some short sellers may begin to buy to cover and close their positionons especially those with put options from which the time to realize profits is now.
NASDAQ:INTCLong
by AwesomeAvani
LABU / LABD Ratio Anchored VWAP over /under LABU LONGOn the weekly chart a LABU / LABD ratio is plotted with anchored VWAP bands and a volume profile overlaid. I wanted to analyze this to affirm the highest of prospects for the Biotechnology sector for 2024. LABU is triple leveraged Up while LABD is the inverse Down. A good unleveraged biotech ETF is XBI. The chart shows LABU in a VWAP band and breakout through the hohg volume area and then over it beginning early November. Unusually high relative volume and volatility ramped up about the same time. I readily conclude that LABU is the buy right now with the ratio rising. It is a low beat ETF with good range due to the leveraging and high forecasts for 2024. I will make buys on LABU at regular intervals on a 60-120 minute time frame looking for the weekly lows. I will set an alert for a falling ratio on the 3H to daily chart to assess should the supertrend fade. I believe that this will be a safe low risk swing long trade.
AMEX:LABULong
by AwesomeAvani
TSLA Reports and goes for a deeper dive SHORTOn this 4H Chart, I find good cause to continue my lot of 10 put options on TSLA. TSLA has dropped another $ 25.00 per share price during the earnings report time frame. While the overall long time frame supertrend is up, TSLA is presently in a sustained pullback likely due to significant fundamental and economic factors. The antics of its CEO demanding an award of more shares so he can launch a big AI initiative within TSLA is not helpful. He has taken a big haircut but he can easily afford it. In the analysis, TSLA has put in a bear flag which suggests more bullishness in the continuation. The ceiling of resistance right now is the POC line of the volume profile at 230. If price can get through that then 265 at the top of the volume profile's high volume area might be achievable. A bottom may be the second lower VWAP band at 175 which could be reachable in the latter part of the upcoming week. Weakness in the Chinese economy is a heavy weight on TSLA right now. Bright days ahead but some pain and chaos in the meanwhile Trade plan: I will hold the puts until I see a reversal pattern on the 30-60 minute charts and then close them. If no reversal pattern in the upcoming week, for purposes of time decay complications I will roll the puts out another 28 days. Overall, TSLA continues to pay traders well some of them might buy a TSLA to return the favor with the profits received especially if there are more price cuts on the horizon that do not adversly effect margins and fec\deral subsidies are extended they would be an uplift to sales, revenue and outlook overall.
NASDAQ:TSLAShort
by AwesomeAvani
TSLA Short / Put Options Recap Volume Profile Strategy SHORTTSLA is shown here on a 30-minute chart. Utilizing only a volume profile indicator and stray fundamental related news, TSLA was watched for a short entry in consideration of the antics of its CEO and the price cuts in Europe coupled with the challenges of NIO, XPEV and BYD in China and China's recession I opted to look for a short entry. Analysis, trade entry and trade management and trade close are on the chart in a text box. This idea and recap of TSLA short shows the utility of volume profile analysis in making a very profitable short trade on TSLA which uses a precise entry after confirmation and the same for the exit. As such, this also makes possible very profitable options trades with near-term expirations to optimize the value of thorough analysis before the trade combined with a tight entry and good follow through to make for high profit with less risk. Using TVs alerts and notifications this trade was managed with little screen time making for a high profit yield per hour of effort. Rinse and repeat as they say.....
NASDAQ:TSLALong
by AwesomeAvani
1
UROY Swing Trade Recap Volume Profile Analysis LONGUROY on a 15-minute chart with the volume profile and the EMA cloud as the indicators demonstrates a one-week-long swing trade. Both stock shares and inexpensive call contracts were traded. The stock trade profit was 30% over five trading days ( MLK Holiday ignored). Options dramatically more profit for the expiration of 1/19th. The analysis, setup and trade management occupied about 5 minutes per day as assisted by typical alerts and notifications on the indicators as per TV. The options contracts were closed as they were expiring later that Friday afternoon. The stock position could have continued over a closed market weekend but I opted to close the the entire position of stock simultaneously with the options. This idea demonstrates the utility of the volume profile in this case applied to a penny stock the hot uranium subsector within the energy sector at large. See also my other ideas on UROY and also UEC. The profits here will be used to take another long call option for UROY striking $ 5.00 for January 2025 sith some change left over for the next re-entry.
NASDAQ:UROYLong
by AwesomeAvani
Is Boeing a buy before earnings? LONGThis is a daily Boeing chart with the idea on the chart in the text. There may be a good entry before earnings using a stop loss under the POC line and an ultimate target of the projected trendline resistance at $280-$300 if all goes well fundamentally with an FAA investigation and its sequelae. A megaphone pattern demonstrates increasing volatility in price action which is something some traders take to the bank. My analysis is that this may be a safe swing trade until the report of the 24Q2 earnings in about 100 days.
NYSE:BALong
by AwesomeAvani
21
QQQ Simple uncovered Call Option Example Here QQQ is shown on a 15-minute NASDAQ:QQQ chart. I have set up and executed a call option on QQQ. This is a recap. The first thing is to plan for the entry area. To do this I set a fixed range for the volume profile for a couple of days before the trade. Since the trade was on Friday, December 1st, the volume profile began on Wednesday the 29th of November. While the volume profile may seem complex to look at, I only paid attention to three values- the POC line representing the price value of the highest amount of trades ( black line) the lower value of the high volume area ( green line) and the highest value of the high volume area ( red line). The thesis is that if a trade is taken at the green line with other confirmatory indications such as the fast hull moving average reversing from a downtrend and the RSI testing the oversold area, that bullish momentum will push the price to the POC line and perhaps higher if selling pressure from bear trades do not grow to meet that challenge. The target is the upper line of the boundary of the volume area while the strike price is the value closest to the POC line. In this example, the strike price was 390 and the trade was for 10 call options for $ 0.49 each for a total trade cost of $490. Although the calls expire on Monday December 4th, the trade was closed when stock price hit the target. The total trade duration was about 2 hours and 10 minutes. The close had an option price of $1.86 yielding $1860 from the inital $490 placed in the trade. The net profit of $ 1370 represents about $ 450 per hour for the time expended. The risk with a 20% stop loss is about $100 which is 1% of a $10,000 account. This is a very simple strategy that can be rinsed and repeated. It can be done with same day approach or a longer expiration like 5-10 days depending on a trader's appetite for reward relative to risk, time decay and uncertainties in the market relative to time.
NASDAQ:QQQLong
by AwesomeAvani
TSLA priced in Spot Gold. Should I sell or buy ?I have holdings in both TSLA and XAUSUD. The question arises should I sell one to buy the other? To answer the question. I have set up a ratio between the two of them on a daily chart. Overlaid onto the chart is a pair of Hull Moving Averages the shorter MA with a period of 49 in blue and the longer by about 3x at 154 in red. ( These are multiples of 7 if you are curious why, leave a comment.) I am looking for moving average cross overs of the golden or death type. The dual time frame RS indication compares the lower TF of 3 hrs with the higher TF of one week. The ratio is now just under the POC line of the long term volume profile so traders shorting this ratio ( those selling TSLA and /or buying gold) are now in charge. My analysis is that the ratio has hit a pivot high, the trend is now downward as the blue line going under the red is a death cross. The RSI indicator has a confirmatory similar cross. Accordingly, I will sell some TSLA and buy a similar amount of spot gold instead.
NASDAQ:TSLAShort
by AwesomeAvani
IGMS a cash burning biotechnology stock SHORTIGMS is down about 70% YTD with no end is sight as the cash burn is greater than the analyst's estimates.On the 2H chart, the midline of the Bollinger Bands has had a persistent negative slope. Overall, IGMS is very shortable if shares can be found at a low cost. I will watch for a correction of the upgoing price toward the middle of the Bollinger Bands especially on a lower time frame such as 30-60 minutes and then target the bottom of the Bollinger Bands on the daily chart for an estimated 25-30% profit. The entry would be at the confluence of the POC line and then BB midline as a bounce down from that resistance. This will be a great trade if S & P / SPY makes a deeper correction than already seen. There was an opportunity one week ago and I think it will come again.
NASDAQ:IGMSShort
by AwesomeAvani
AMSC 57% July rise AI tech ( chips) upcoming earnings LONGAMSC has had a great rise since the beginning of the AI revolution. From the overlay of the anchored VWAP this would be a VWAP breakout that closed the last trading day with a correction pullback and then a bounce off the POC line of the volume profile. The natural stop loss for a long trade is directly under the POC line. As a strong bull run stock, the MACD just showed another line cross above the histogram. Amplitudes are rising. This sector is scorching hot. Some will call it overextended and overvalued. Buy weakness - yeah for sure unless its going to get worse. Buy strength when you determine the probability that it will go higher. This long trade will not wait for me. I will take it and be watchful for signs of reversal. I do not think that I will see them anytime soon. With earnings coming this week and trader interest peaking. I will jump in here and watch for good action. To be safe I will take off part of the position before the earnings.
NASDAQ:AMSCLong
by AwesomeAvani
DISH a TV penny before earnings LONGDISH has earnings on 8/2. On the 2H, price just bounced off the support of the longest of the three EMAs (35/70/280) and tested the POC line of the volume profile again showing buyer support at a high trading volume and volatility area. the MACD indicator shows a bullish line crossover and negative to positive on the histogram where convergence ended and divergence took over. The dual RSI indicator shows the lower time frame green line in a dip for a few days and then a rise above the 50 level and the higher time frame black line. DISH has volume voids above the current price and the near-term pivot high is above. If that cracks, price momentum could accelerate. DISH is suitably set up for a long trade as traders anticipate the earnings. I will take it. I may trade a sizeable trade of stocks or alternatively options striking $8 for 8/11.
DLong
by AwesomeAvani
1
Can AMC continue the bullish momentum?AMC popped over 50% on the last trading day. So questions arise could include whether there is an juice left in the move? Are there short sellers now buying to cover to cut their losses? On the 15 minute chart, the parabolic move is obvious. The volume profile shows the highest volume of trading at 7.42. A typical end of the trading day and week fade is seen with volume falling as well. Price is now getting support at the first VWAP band above the mean line somewhat confluent with the POC. A reasonable target is the high of Friday's trading session at 8.75 but bullish momentum could push price above that resistance. The is a major VWAP band breakout. a parabolic move that potentially could continue. Accordingly, I will take a risky trade with a limit order at 7.45 where AMC will be above its POC line as an sign of a potential resurgence of bullish momentum. I will watch for a volume spike showing that new buyers like myself and short sellers liquidating are combining in selling pressure. I anticipate great price action and a quick profit. The trick is knows when to sell to realize profits I will sell one-tenth of the position for every 3% in profit unrealized and could find an overall profit of 15-25% which would be a great way to start the trading week. Some might call this chasing and I understand that. I see it has high risk with higher potential reward especially if a short squeeze kicks into the higher gears.
NYSE:AMCLong
by AwesomeAvani
19
NRP ( Energy Stock) Reversal PatternNRP is an energy stock. Shown on a 15-minute chart it appears to have a reversal pattern. The mass index indicator's value has risen above 27 and is about to trigger with a fall under 26.5. The normalized MACD shows a cross of the MACD and signal line well below the zero line. The 28 period linear regression line has given a buy signal below the last candle. Importantly, the analysis of the HA candles is they have changed from red to green and the indecision candles with large wicks compared with the candle body have ended in favor of a larger bodied green candle without predominant large wicks. I will look for a long entry on the 3 to 5 minute time frame expectant for a target at the POC line of the volume profile or about 50 which would be a decent profit for this low risk trade.
NYSE:NRPLong
by AwesomeAvani