$ARLO Consolidating following a strong volume breakout into Stage 2A at an extended point. Potentially at the pullback B entry point after an undercut and rally. Watching for continuation breakout on volume increase.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Black Friday Sale - Learn Stage Analysis Video Course
For anyone interested in Learning the Stage Analysis method. Udemy has its Black Friday Sale on all week, so you can get the Stage Analysis Video Training Course for a bargain price.
What you'll learn:
Learn the Four Stages of the Stan Weinstein’s Stage Analysis Method
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A Classic Technical Analysis Method That Will Let You Enter and Exit Stock Trades With Confidence
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US Stocks Watchlist - Weekend Roundup - Weekly Stock Charts
Various stocks were highlighted this week in the daily watchlists, and some have exploded higher during the week, as it was a very strong week, especially in the smaller names and anything relating to the hot EV theme, which is starting to get bid up to extremes, with anything remote related getting pushed higher by some serious FOMO, whether they have a reason to or not. So I hope some of you were able to profit from some of the moves. But be careful not to chase, as with this kind of price action in the sector. There's likely to be a wave of secondary offerings coming up as the companies look to cash in on the unexpected rises of some of the stocks with little or no earnings, and so they could come down as quick as they have gone up.
Of the weeks watchlist stocks, I've gone through and culled the list down to just the best looking weekly charts now that the weeks over. They are: ARLO, ARRY, BALY, BILI, BLDP, BLNK, COUP, CREE, CRSP, CRWD, CVNA, DKNG, ETSY, FCEL, GME, JMIA, KIRK, KNDI, MDLA, NETE, PANW, RVP, SNAP, SNOW, SONO, SQ, TSLA, TWLO, VERI
As, you'll see some have already moved much higher during the week since I highlighted them initially, so would switch to watching for pullback entries to form if you missed the daily entry points.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
I made a few changes today in my swing trades, as I exited the AMZN trade at 3097.00 for a minor -0.75% loss (-0.15% account). My buy stop triggered at +2% in $SONO at 21.56, so I got up to a full 18% position. But I didn't like the price action through the day, so decided to take a quick exit at 21.03 bid, which is -0.24% (-0.04% account).
The $TSLA trade continues to work, and I took another 1/3 profits in $TSLA at 524.64 bid (+16.89%).The remaining 1/3 is still open with average price of 451.81 and I moved the stop loss to protect a +10% gain at 496.99, so the worst it can do now, baring a gap down through the stop is a +12.02% average gain, which would be a +2.22% gain for the account. So pleased with the quick trade in this, as only entered on Nov 17.
The freed up cash allowed me to re-enter $NNOX at 39.50 ask (2/3 position - 12% size), which was quickly added to via buy stop at +2%. Filled at 40.39 ask (1/3 position), which takes the position up to full size (18%) at an average cost of 39.80.
This moved quickly today, so am already out of 1/3 at +10% profit, and the stop loss is at breakeven now. So the remaining 2/3 position (12% size) remains open. Here's my tweets on it throughout the day: https://twitter.com/stageanalysis/status...35112?s=20
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
