{"id":18592,"date":"2021-06-30T06:48:00","date_gmt":"2021-06-30T10:48:00","guid":{"rendered":"https:\/\/morpheustrading.com\/blog\/?p=18592"},"modified":"2023-02-23T02:56:56","modified_gmt":"2023-02-23T07:56:56","slug":"swing-trading-stocks-063021","status":"publish","type":"post","link":"https:\/\/morpheustrading.com\/blog\/swing-trading-stocks-063021\/","title":{"rendered":"The Wagner Daily &#8211; Explosive Buy: $TIGR Breakout Entry"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210630TIGR.png\" alt=\"$TIGR daily\" title=\"\"><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">The Wagner Daily &#8211; June 30, 2021<\/h2>\n\n\n\n<p><em>Below is the full, archived issue of The Wagner Daily swing trading report (sent to members the night before the publication date).<\/em><\/p>\n\n\n\n<p><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Subscribe now<\/a><\/strong> for your access to the best stocks for swing trading, proven Morpheus stock trading strategy, and market timing model with a 20-year track record. <\/em><\/p>\n\n\n\n<p><em>Just drop us a comment with any questions or comments&#8211;we&#8217;d love to hear from you!<\/em><\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\"\/>\n\n\n\n<p><a><strong><em>MTG Market Timing Model &#8211; buy mode due to strength in Nasdaq Composite (still above 20ema)<\/em><\/strong><\/a><\/p>\n\n\n\n<p>Our timing model was designed to keep our trades in line with the prevailing market trend, not to call tops or catch bottoms in S&amp;P 500 or Nasdaq Composite.<\/p>\n\n\n\n<p><a id=\"watchlist\"><strong><em>today&#8217;s watchlist (potential trade entries):<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210630watch.png\" alt=\"$todays watchlist\" title=\"\"><\/figure>\n\n\n\n<p><br \/><a id=\"positions\"><strong><em>open positions:<\/em><\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210630open.png\" alt=\"$open positions\" title=\"\"><\/figure>\n\n\n\n<p><strong><em>closed positions:<\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"http:\/\/www.morpheustrading.com\/~rick\/\/charts\/2020\/closed.png\" alt=\"$closed positions\" title=\"\"><\/figure>\n\n\n\n<p><strong>po<\/strong><strong>sition notes:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&nbsp; &nbsp; Per intraday alert, canceled the $STEM setup.&nbsp;<\/li>\n<\/ul>\n\n\n\n<p><strong><em><strong><em><strong><em><a id=\"etf\"><strong><em>Commentary:<\/em><\/strong><\/a><\/em><\/strong><\/em><\/strong><\/em><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2023\/02\/image-9.gif\" alt=\"\" class=\"wp-image-18596\" title=\"Anchor\"><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1\" height=\"1\" src=\"https:\/\/new.morpheustrading.com\/blog\/wp-content\/uploads\/2023\/02\/image-8.gif\" alt=\"\" class=\"wp-image-18594\" title=\"Anchor\"><\/figure>\n\n\n\n<p>The Nasdaq Composite and $IWP continue to trend higher above a rising 10-day EMA.&nbsp; Not much to report here.&nbsp;&nbsp;<\/p>\n\n\n\n<p>Per intraday alert, we canceled the $STEM setup due to the 5% or so gap up on the open. If already long, then continue to hold with a stop below the rising 10-day EMA.<\/p>\n\n\n\n<p>There are two new official setups for Wednesday.<\/p>\n\n\n\n<p>The first is a downtrend line break in $BNTX, which is an explosive mover that could be ready for another wave up if it can clear the tow-day high.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210630BNTX.png\" alt=\"$BNTX daily\" title=\"\"><\/figure>\n\n\n\n<p>The other setup is a breakout entry in $TIGR, which is an explosive Chinese brokerage stock with five quarters in a row of +100% sales growth. $TIGR just set a new all-time high in 2021 after clearing the prior high around $25 that was set a few months after it IPOd in 2019.<\/p>\n\n\n\n<p>Note the impressive price and volume action as the stock cleared the downtrend line and reclaimed the 50-day MA. After a few weeks of rest, $TIGR may be ready to run again.<\/p>\n\n\n\n<p>The buy stop is over the current range high with a stop beneath the 6\/29 low.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.morpheustrading.com\/~rick\/\/charts\/2021\/210630TIGR.png\" alt=\"$TIGR daily\" title=\"\"><\/figure>\n\n\n\n<p>$SHOP is looking pretty good after reversing off the 10-day EMA last Friday. The model portfolio is already long a full position in $SHOP but a break of the short-term downtrend line and Tuesday&#8217;s high could serve as an entry for those not already long with a stop beneath the 6\/25 low.<\/p>\n\n\n\n<p>As discussed in Tuesday&#8217;s report, $SE found support between the 10 and 20-day EMAs and reversed higher. $CRWD is also in pretty good shape with the rising 10-day EMA just below.<\/p>\n\n\n\n<p><strong>Unofficial Setups<\/strong> &#8211; For experienced traders only, no guidance is given for these setups.<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>$SE &#8211; buy at 288.00&nbsp;<\/li>\n\n\n\n<li>$SNAP &#8211; buy at 68.27<\/li>\n\n\n\n<li>$BYND &#8211; buy at 159.00<\/li>\n\n\n\n<li>$FRHC &#8211; buy at 64.43&nbsp; &nbsp;<\/li>\n\n\n\n<li>$HYRE- buy at 21.32&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>Others to watch on strength &#8211;\u00a0 $UPST $PATH $PCOR $OSTK $U $XPEV $TXG\u00a0 (if it stays above Tuesday&#8217;s close after squat)<\/p>\n\n\n\n<p class=\"has-light-green-cyan-background-color has-background\"><em><strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">Start my Wagner Daily membership now<\/a><\/strong> to start receiving winning Morpheus stock trade signals, including a stock portfolio you can easily follow. <strong><a href=\"https:\/\/morpheustrading.com\/services\/swing-trade-alerts\" target=\"_blank\" rel=\"noreferrer noopener\">The Wagner Daily PRO<\/a> <\/strong>includes <strong>live swing trader room<\/strong> for daily, real-time trade ideas and powerful stock trading education. <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The other setup is a breakout entry in $TIGR, which is an explosive Chinese brokerage stock with five quarters in a row of +100% sales growth. $TIGR just set a new all-time high in 2021 after clearing the prior high around $25 that was set a few months after it IPOd in 2019.<\/p>\n<p>Note the impressive price and volume action as the stock cleared the downtrend line and reclaimed the 50-day MA. After a few weeks of rest, $TIGR may be ready to run again.<\/p>\n<p>The buy stop is over the current range high with a stop beneath the 6\/29 low.<\/p>\n","protected":false},"author":2,"featured_media":12060,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[782],"tags":[],"class_list":["post-18592","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-wagner-daily-archives"],"_links":{"self":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18592","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/comments?post=18592"}],"version-history":[{"count":1,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18592\/revisions"}],"predecessor-version":[{"id":18600,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/posts\/18592\/revisions\/18600"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media\/12060"}],"wp:attachment":[{"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/media?parent=18592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/categories?post=18592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/morpheustrading.com\/blog\/wp-json\/wp\/v2\/tags?post=18592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}