Merchants,
I hope you’ve had a superb weekend!
A pleasant change of tempo final week, which performed out properly from my earlier ideas in final week’s watchlist. We actually had an uptick in swing alternatives, mixed with an abundance of intraday small-cap alternatives – unsurprisingly given the transfer in SMX and distinctive reclaim within the IWM…and general market.
So, with out additional ado, and with out making any main changes week over week, listed below are my high concepts for the upcoming week.
Stalking an A+ Breakout in TSLA: As I discussed in my latest IA assembly, the transfer I’m searching for in Tesla is separate from the commerce I mentioned in Thursday’s assembly. On the next timeframe, Tesla continues to consolidate in a decent coil. From the weekly, all the way down to the each day, it’s an exquisite setup that aligns properly. The set off? I’d look to enter lengthy for an A+ breakout and swing commerce if this will get above $470s once more. Till / and if that occurs, I’ll hope this spends a while consolidating within the higher finish of its coil’s vary, increase some power and contraction forward of a possible breakout.
*Please observe that the costs and different statistics on this web page are hypothetical, and don’t mirror the impression, if any, of sure market elements corresponding to liquidity, slippage and commissions.
Pops to Quick / Additional Construct and Continuation in IRBT: Incredible swing lengthy, which I closed out on Friday on the push towards $5 and extension from intraday VWAP. Now, after the numerous selloff, I’d think about longs are trapped in the intervening time. Subsequently, I’d be open to shorting a push towards its 2-day VWAP close to $4.2. Alternatively, if this consolidates and tightens its vary for just a few days, I’d be open to a re-entry on the lengthy facet if it breaks out on considerably decrease quantity than final week.
*Please observe that the costs and different statistics on this web page are hypothetical, and don’t mirror the impression, if any, of sure market elements corresponding to liquidity, slippage and commissions.
Liquidity Lure in WHLR: Nothing to do as of proper now. However given the quantity of liquidity traps we noticed lately, I’m holding this on my radar. Suppose PLRZ, IRBT, SMX. If this breaks again above Friday’s resistance and holds, I’d search for the liquidity trap-and-squeeze concept to play out.
*Please observe that the costs and different statistics on this web page are hypothetical, and don’t mirror the impression, if any, of sure market elements corresponding to liquidity, slippage and commissions.
Pops to Quick in JFBR: Given the enormity of the selloff on Friday, I don’t imagine this may arrange; nonetheless, it’s value alerts. I’ll have alerts within the title for a push towards 2.5 – 2.9, in case it has a fast pump into its 2-day VWAP, indicating failed follow-through and a brief.
*Please observe that the costs and different statistics on this web page are hypothetical, and don’t mirror the impression, if any, of sure market elements corresponding to liquidity, slippage and commissions.
Continuation in RKLB: One other implausible swing from final week. After coming into the targets and the 100-day, I’m now searching for a day or two of relaxation earlier than one other potential lengthy entry, then push towards its 50-day and $55 area.
*Please observe that the costs and different statistics on this web page are hypothetical, and don’t mirror the impression, if any, of sure market elements corresponding to liquidity, slippage and commissions.
Continuation in VIAV: For a brand new entry right here after lacking Friday’s breakout, I’d have to see a higher-low / fast check-in on the multi-day VWAP, and assist being discovered.
*Please observe that the costs and different statistics on this web page are hypothetical, and don’t mirror the impression, if any, of sure market elements corresponding to liquidity, slippage and commissions.
Breakout Forming in GEV: Similar ideas as I discussed in my IA assembly—good bull flag and seeking to breakout.
*Please observe that the costs and different statistics on this web page are hypothetical, and don’t mirror the impression, if any, of sure market elements corresponding to liquidity, slippage and commissions.
Monitoring OPEN: Much like my ideas final week, I’m holding OPEN on my radar given the tight bull flag that continues to develop on the each day.
*Please observe that the costs and different statistics on this web page are hypothetical, and don’t mirror the impression, if any, of sure market elements corresponding to liquidity, slippage and commissions.
CIFR / IREN: In search of relative energy and for final week’s resistance to be taken out to place lengthy for a multi-day transfer.
*Please observe that the costs and different statistics on this web page are hypothetical, and don’t mirror the impression, if any, of sure market elements corresponding to liquidity, slippage and commissions.
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