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Vwapbands

SOUN might be overbought and overvalued for a reversalSOUNDHound AI on the 15 minute on Wednesday 60 hours ago, broke out after a trend down to begin the year. The tailwinds of the technology stock earnings and their tailwinds pushed hard. SOUN broke out through the entire high volume area and then rose above it. Pretty much the same from the lower aVWAP bands into the uppers after crossing over the mean line. On the three indicators, RSI , MACD and the Chop index bearish diveragence is seen. This may be an early reversal in progress but then again it might just be prudent traders liquidating to take full or partial profits to close out the week. I am running full on this, I will watch the price action early next week to determine a continuation vs a reversal. Relative volume and relative volatility may show long traders closing with targets reached and shorts taking their positions causing a pivot high of even a " long squeeze". Alerts and their notifications are set on a 5-minute time frame to allow for some early warning. On the other hand it SOUN can put out some higher decibels I may decide to look at the 2/16 options chain and chart for an OTM call in the $2.5 or $3 range.
NASDAQ:SOUNLong
by AwesomeAvani
4
ROKU is pulled back for re-entryROKU has been downtrending in a retracement of the uptrend from late May to mid June. On the 2H chart, price has fallen from the top of the fair value zone the bottom of the fair value zone. The zone is the area between the VWAP bands of the anchored VWAP. Institutional buyers prefer to buy in either the under valued zone or the lower portions of the fair value zone and then in turn sell high in that zone or above it in the over valued zone. The RSI indicator shows RSI to have descended into the oversold zone where RSI is about 20. On the volume profile price has descended into the high volume area where increased trading volume will support price and likely push a reversal.
NASDAQ:ROKU
by AwesomeAvani
1
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
Can WIMI an IT penny stock hold above a dollar per share ?WIMI rocketed from 60 cents to $1.50 two days ago and then fell to 93 cents near to the Fib 0.62 retracement which is greater than the typical. The idea is on the chart. So the analysis is a symmetrical triangle pattern with a high normal retracement now at the apex of the triangle with quick compression on the 15 minute chart. Volume is now. Friday afternoon had a pullback likely to rake profit for the weaken. Money flow and relative strength are decent but settled down. So will this penny awke up next week and try to move toward its high of the week or will it fall lacking attention from distraction by technology stock earnings reports and a crypto-sruge. To be sure, this is not an earnings play. There was a highly significant news catalyst early in the week. This news is a possilbe game changer. Over the intermediate term, despite any analysts' forecasts this could do 10X by summer. As to next week, who knows but with an overshoot on the retracement and now below the the mean VWAP band anchored to the beginning of the week. I am voting for a reversion to the mean which just happens to be 1.00 ( a convenient "psychological level.). As to a trade setup, a will take a big lot of shares from a buy stop set for 1.01 with a stop loss of 0.97 and see if I get filled.No matter, this will be a swing trade for me. I will do adds at the low of the week each week for several. I understand the news catalyst and believe this penny IT will get a begin growth spurt in little time at all.
NASDAQ:WIMILong
by AwesomeAvani
TLT Long at VWAP Bounce T- Bills 20 yearsTLT on the 15 minute chart in the past two trading sessions consolidated and then fell into a pullback to the support of the anchored mean VWAP. Relative volatility spiked and has now contracted. I see this as a good entry to add to my TLT position having sold a good portion of it three trading days ago when price showed topping wicks outside the fibonacci highest band. This will be about $ 1.00 cheaper than before that sale and is part of a zig-zag strategy for TLT overall.
NASDAQ:TLTLong
by AwesomeAvani
LCID SHORT on VWAP rejecting price rise.In my previous idea of January 29, I bought LCID as it broke out of a falling wedge on news from Saudi Arabia fixing supply chain and production issues for body parts. LCID ascended the following day to fall down on rejection from the mean VWAP band line anchored in mid- December. On the 4H chart, another smaller and more condensed falling wedge is found and price is moving down toward the one standard deviation line below the mean VWAP ( the jagged blue line ) which is now horizontal. The last candle is red and narrow bodied. It is near the top of the channel. Trade plan- I will short LCID here and add to the position each time price returns to the top of the channel as monitored on a lower time frame such as 15-45 minutes. I will watch for a reversal of the down-trending lines of the zero-lag MACD and a cross at the bottom. Similarly for the RSI indicator and its green fast and red slow line in the range of RSI value of 20-35. Likewise, if price rises above the channel in an early breakout, the trade is over as the downtrend is correcting again. If the price were to break resistance of the mean VWAP zone, this would represent a break of the down supertrend and could cause a bit of a short squeeze to get underway. If I see that, I will get into a long position with more position size as it could become lucrative.
NASDAQ:LCIDShort
by AwesomeAvani
UBER rising after VWAP bounce LONGUBER on a 30 minute time frame chart crossed over an anchored VWAP about January 25 and topped January 30th then retested the slowly rising mean anchored VWAP in a double bottom fashion on the following day. The relative strength indicator is in the 65-75 range and the zero lag MACD cycling mostly above the horizontal zero level. I see UBER as suitably setup for a swing trade long when it is near to the bottom of the support trendline in the ascending megaphone pattern.
NYSE:UBERLong
by AwesomeAvani
UNH, the dominate health insurance market leader LONGAs shown on the 4H chart, UNH based on a long-term VWAP band setup, it as fiar value for the first time since September. This dip is significant as price fell from a head and shoulders pattern of three months duration. The candles in the past couple of days show the reversal at the mean VWAP support. I have retrieved 60% out of a near term expiration call option. Some may say this is simply a death cross on a pair of moving averages with a bit of correction on the overall downtrend. I understand that point of view. Notwithstanding that perspective, healthcare is expected to be an outperforming sector in 2024. UNH is on sale. As a healthcare provider, it has paid me large sums in the historical past. I will take trades as described in the text box on the chart. I believe buying out of the money and at a discount will be a good strategy for this megacap moving forward.
CAPITALCOM:UNHLong
by AwesomeAvani
SIRI is pulled back for a LONG entryOn 1 120 minute chart, SIRI is now well positioned having tested the support of two sets of VWAP bands anchored back two earnings periods and so 3 months apart. The mean VWAPs are confluent and so form strong support. I expect the price to return to the early December high and test that level. In the past day a buying volume aberrant spike was printed. The MACD lines have been crisscrossing under the histogram signaling support of the cons9olidation of price with a series of Doji candles before the final engulfing green dandle. Of interest, the next expiration of the options is February 16th. On that date the dominant option strikes are %5.00 , %5.50 and $6.00 $5.00 is the present level for the strong support of the confluent mean VWAPs aforementioned It is in this range that I will join the options activity for the time being. I will take a few calls at each strike level as they are presently priced at $ 12- $ 32 per contract. I will also take 10-20 shares of stock in a short position to provide a little risk-off hedging.
NASDAQ:SIRILong
by AwesomeAvani
Volume-Driven Opportunity on FUNUSDT: Potential 150% Profit🚀 Trade Overview: I've identified an exciting trading opportunity on the FUNUSDT pair on Binance, leveraging the power of volume analysis for potential substantial gains. 📈 Entry Point: Initiate the trade now at 0.006239. The decision is rooted in the belief that volume is the true catalyst for market movements, as opposed to relying solely on price action. 🎯 Exit Point: Set your exit target at 0.015715, aiming for 150% profit. This target is strategically chosen based on the volume analysis, which suggests strong potential for significant upward movement. 🔍 Analysis Method: The entire analysis is grounded in a robust examination of volume trends. Understanding that volume precedes price, this approach allows for a more proactive and insightful trading strategy. 📣 Disclaimer: Trading involves risk, and past performance is not indicative of future results. This idea is for educational purposes only. Always conduct your own research and consider your risk tolerance before making any financial decisions. 👉 Note: This trade idea is based on the analysis of the volume, providing a unique perspective on market dynamics. As with any trade, it's essential to stay informed, adapt to changing conditions, and make decisions based on a comprehensive understanding of the market. Good luck, and may the markets be in your favor! 🌐📈
Long
by ThirdEye_Investment
2
TQQQ - Leveraged QQQ rising after reversal LONGOn the highly reliable weekly chart, price was under the Ichimoku cloud since April 2022 putting in a couple of bear flags on the way down while first getting support two standard deviations below the mean anchored VWAP and then one standard deviation showing increasing strength finally crossing above the mean VWAP in May then with a retest and bounce in late October while forming a bull flag. The breakout in the past month suggests another leg up is underway with a potential of the same magnitude as the flagpole in the current pattern. If accurate this could lead to a price of $68 by next July or 70% higher than the present over 7 months. I will take a trade of 10 call options with a strike of $ 65.00 for a July expiration. Each time the stock price rises by $5.00 I will close one of the options yielding a tiered liquidation along the way to collect profit.
NASDAQ:TQQQLong
by AwesomeAvani
2
ES1! Trade Plan For 10/19/23The bears are currently in control of the market, but in the bigger picture it is a two-way tape. It's important to note that interest rates are rising across the board. The 30-year rate is above 5% and the 10-year rate is approaching 5%. This is not a positive sign for stocks. As I've mentioned before, interest rates dictate market direction. When rates rise, stocks tend to have a bearish bias, overriding short-term technical indicators. Keep an eye on gold and oil as well, as they can indicate any escalation in the Middle East conflict. Currently, both markets are trading within their normal range of volatility. Here's my plan for today: I'll be looking at my 3-minute chart with VWAPs and standard deviation lines. The bears will face their first challenge in defending the range of 4356-4363 this morning. If the market reaches that level, I'll consider short-selling. If we sustain trade below that range, we could potentially head down to the 4325-4315 area, although it may be a volatile journey. I anticipate some resistance from the bulls around 4341-4335, and the market could be highly volatile today. If we manage to surpass 4363, there's a possibility of a rally up to 4377-4384. However, I won't be a buyer during that rally unless interest rates start declining. I'll be looking to short-sell again if the market reaches the 4377-4384 range. This is a crucial area for the bulls today, as a failure to break above it will likely lead to more sellers and downward momentum. It's important to emphasize that this is a highly unpredictable market, so it's wise to trade with caution and keep positions small. Anything can happen in this environment, so avoid becoming too attached to any particular trade.
CME_MINI:ES1!Short
by anthonycrudele
BOIL rises into reversal territory SHORTBOIL as a triple leveraged ETF of natural gas futures- has high volatility which can translated to high profits for traders who can accurately harness that energy .On the 2H chart in the time since the reverse split, the price has mostly ranged up and down between the first upper and lower VWAP lines of the VWAP anchored to the high in May. Occasionally it has ranged outside those bounds and then reverts to the mean VWAP. Price is presently at or near the first upper derivation line where it typically pivots down. The zero lag MACD is suggestive of an impending pivot down before any signs of it and thus showing bearish divergence. The mass index is not yet suggesting a reversal. The shorter HMA 56 rising significantly above the HMA210 is suggestive of overextension into the overbought overvalued zones of the chart. Overall, I will put BOIL on watch. Once a reversal is confirmed I will either short BOIL or long KOLD. Leveraged funds being what they are and mathematics fixed and hard, shorting a levearged ETF is a faster fall than its rise so the short position will be my first choice.
AMEX:BOILShort
by AwesomeAvani
10
Does the RiteAid short squeeze have another leg?RAD has been flying after a long period of consolidation and wek fundamentals. The Reddit army is marching with the RAD flag. At one point RAD sqeezed 100% but it has falled back a bit in the profit taking. Still the retracement is shallow so far. In the close of the trading week, in the last hours price dropped to 2.5 with support from the anchored mean VWAP and then rose to 2.68. I believe this should be on a watchlist if you like to trade meme stocks. TUP is now competing with RAD for meme attention. I will get back into both of them when I find the clear and compelling opening. I will pay attention to rising volume and rising volatility on a low time frame chart to make that finding. Shorts may better realize their pain this upcoming week and add a a bit to the buying pressure allowing for some synergy with new buyers.
RLong
by AwesomeAvani
EVAV a 2X leveraged EFT of EV Stocks Pullback LongEVAV in the past six weeks rose about 90% and then faded 5% in a correction or pullback. This may be a buying opportunity. Price is heading down into the area of the two mean VWAP lines where I will look for a bounce. Professiona traders like to buy in the area of VWAP and so I expect high trading volumes there are big traders take large positions.sThe high TF relative strength line in black is holding steady The low TF relative strength line in blue is in the range of 30. I expect the price to reach this buy zone in the next couple of days and upon a confirmed reversal I will take a long trade targeting 108 in the area of the recent highs and the second deviatiion lines in thin red.
AMEX:EVAVLong
by AwesomeAvani
TUP the newest meme fundamentally dead LONGTUP on the 30-minute chart has some decent technicals. Based on anchored VWAPs one set for 8/1 and another 8/3, TUP has pulled back into solid support at the two mean VWAP lines. Volume has been steady. It is in the middle of the fair value zone and under the POC line of the volume profile. Analysis of that profile is that price should seek the POC as if a magnet. there is could be pushed up or repelled down depending of the relativity of the dynamic of buying and selling pressures interplay in that zone. I see TUP as having 20% upside for sure on the retracement of the trend down. An additional leg up and over the POC line is possible or even probable but not a certainty.
TLong
by AwesomeAvani
4
GME fell. Can it get back up? GME on the one hour chart fell over a week from July 27 until earlier today. The fall has heavy selling volume this morning followed by a flip at the lunch session into buying solume above the running mean. Similar findings are on the volatility indicator. The MACD has a cross under the the histogram as price momentum shifted from bearish to bullish. Price has crossed over one of the lower VWAPs in early vWAP uptrending. Overall, I see this as a long setup. With the market drop today, the volatility gryration tomorrow is a likely reversion to the mean. This should lend support to the reversal on GME. My target is the green POC line of the volume profile at 21.18 with a stop loss of 20.25. Once underway with the stock trade if good movement is seen I will take an options contract or two with one day to expiration.
NYSE:GMELong
by AwesomeAvani
Is NVDA done correcting? LONGNVDA shot up on earnings two months ago and more or less went sideways until mid July when it trended up for a week and then reversed downward. On the 2H chart, I have placed both a VWAP anchored to the earnings date as well as a volume profile. Price is currently above the 0.5 Fib level as well as at one standard deviation above the mean VWAP and above the POC line of the volume profile. The mean VWAP and POC are confluent at about 422. I suspect that it is at this level that volatility will be the highest and at where buyers will step in to open a trade shares of NVDA that have been oversold and are undervalued. Because of that, I will place NVDA on my watchlist for a long trade when it trends down approaching 422. The stop loss will be 418 or about 1% while targeting the recent double top of 475 and so a zone of horizontal resistance confluent with dynamic resistance in the red line of two standard deviations above the mean VWAP. Confirmation of an upcoming reversal is the histogram of the zero-lag MACD going red to green. NVDA has had a great run this year (220%) and its heavy presence in the AI megatrend bodes well for a good continuation.
NASDAQ:NVDALong
by AwesomeAvani
25
FORD fell after good earnings - now reverses LONGFORD on the 2H chart double topped in mid July and then descended as it had reached the second deviation line above the mean anchored VWAP. It continued the fall had a bit of pre-earnings run up and then paradoxically fell with very decent top and bottom line earnings. If you know why please let me know. After earnings and the fall, FORD reached the long-term mean VWAP and reversed as can be seen on lower time frames. I see this as a VWAP bounce, the favorite place for institutional traders to make their trades. A volume profile and its POC line find the highest trading volumes of the time interval. the MACD and Price Momentum Oscillators are confirmatory with reversal signals. I will take a long trade here. The stop loss will be 13 below VWAP. Targets are 14 (25%) 14.5 (50%) and 14.85 (25%). This is a simple trade with $0.25 risk which will be eliminated once price gets to $13.5 making it risk and stress-free. I have an options trade in mind. Comment if you want my specifics.
NYSE:FLong
by AwesomeAvani
3