18 lessons from the GME trade here
OSTK – ideally some slide towards 70 and some build for some swing adds
CWH – pretty much same thing as above looking for a fade into 32 and side way action for few days to swing add
FB – going to be interested if overall mkt going to go lower…what I’m looking here is some sort of morning washout towards 250 then bounce after 10am and join trend
ANTE – thin name but like the side-way action from the past few days any build and some volume going to be there for a long targeting previous highs
Some Blockchain / China related stock going to keep an eye on next few days — if BTC will push 40k+ most likely these are going to fire up
SOS – ideally will build for a bit here above $1 mark then put another leg up
CAN – same plan as above prolly going to nee few days to shape up again after Friday slap
LAIX – like this one a lot fundamentally since they have a high shrs. yield also have more cash than debt also that beat up chart that seems to catch some momentum
MKD – watching it for a push and build above 1.15 and some sort of strong close might get a starter if will show some strength and will stay above 1 mark — looking to build a swing position over the next few days (only if mkt conditions show some positive signs)
Have a look over this Intermediate Course Video 3
Sneak a peek into IU community and see how it is, you can have a walk-through here
Check – The fundamental checklist for technical traders here
What do you think of MGI? A nice V bottom from 5$. Retesting the old highs and a nice trend. Volume at price shows little resistance if it can get above and stay above the 8.50$ price with next chart and volume resistance at 12$ then another at 16-18$ Depends how far back you want to look but there’s a gap to be filled to the 100$. It’s a profitable company with a decently known name in a relatively “hot” space. Earnings out friday feb 19th also in the AM.
Great looking chart , I’d give few more days tho see if will build above 7 with actual context can easily be a fake head and some trap for long chasers
Ah thanks Emil!
I doubled my investment on MAPT but I think it will bounce back even higher than the .33 high it recently had, thinking about dipping back in. What’s your thoughts?
Thanks Emil! Spent the weekend catching up on all of your webinars I have missed. One of these days I will have a day off from work and can ask you questions in real time.
CSLT came up on my scan this weekend, great curl and now grind up from november. I havent wanted to get long in to any new positions but this chart is sort of trading like SRNE which has kind of done the opposite while the rest of the market pulls back. Looks like if it can break 2 and base it will be in for a gap up since it is hold ema trends
Thank you, Emil!