Tesla got investors pumped when shares recently broke out above $1,000, while we’re still holding $TSLA from the $800 level. Here is an educational recap of the original Tesla trade setup, and an update on how we have been managing the winning trade. In our May 6 blog post, Trade Alert: $TSLA Breakout From Cup […]
Author: Rick
When top stocks are too extended for low-risk entry, a stellar pullback buying opportunity may be just around the corner. Here’s a simple way to know when to buy a pullback, along with three hot stocks to put on your pullback watchlist now. Why pullbacks are prosperous During any significant market rally, the first stocks […]
Massive home shopping demand rocketed Amazon shares to new highs during the coronavirus lockdown, but recent bullish price action hint at even more monster gains ahead. Here’s why… It has been an interesting year for Amazon ($AMZN), the mega household name with humble beginnings as an online book store just twenty-five years ago. Fueled by […]
Advanced Micro Devices ($AMD) has been forming a bullish “cup with handle” pattern and is now setting up for potential breakout entry. Here’s our basic technical analysis of this hot swing trade setup. On April 28, we posted that Advanced Micro Devices ($AMD) was setting up for potential breakout entry if the stock broke out […]
Most stocks on our watchlist have already broken out and are extended beyond the initial buy point, but there are still a few strong chart patterns out there. Here are two hot swing trade setups on our radar now. After six straight days of gains, the NASDAQ pulled back sharply with a late-day sell-off yesterday […]
Tesla ($TSLA) is on our radar for potential breakout buy entry in the coming days. Here’s why… Tesla ($TSLA), which substantially beat Q1 quarterly earnings expectations last week, has been forming the handle portion of a bullish cup with handle chart pattern for the past three weeks. As such, we are now stalking $TSLA for […]
The April stock market rally was impressive, but can it carry into May? The performance of leading stocks next week is key. The past several months in the stock market were a wild ride, as stocks got slaughtered throughout late February and early March, then reversed sharply higher in a “V-shaped” recovery that began in […]
As we enter earnings season during the pandemic, we are looking for trade setups that have the combination of bullish technical patterns and solid earnings growth. Advanced Micro Devices ($AMD) is a potential breakaway gap up candidate heading into earnings, which are due after the close on Tuesday, April 28. A breakaway gap up is […]
Zoom Video ($ZM) rocketed to a new record high yesterday, enabling subscribers to score a gain of +8.8% so far. Here’s a simple chart review of the trade setup that led to this timely entry. With a huge percentage of the global population working from home during the coronavirus pandemic, companies that easily facilitate remote […]
From newbie to professional, most traders are quick to tell you that setting stops can be a real pain in the ass. Well, yeah…it certainly can be a pain. But it doesn’t need to be. Continue reading this brief trading psychology article to learn how to let go and set stops the stress-free way! The Illusive Holy Grail […]
