Entered $AAPL at the 15 min ORB at 121.91 ask (2/3 position - 12% account size) and then Added 1/3 to $AAPL at 121.78 to increase relative size of the position due to its lower volatility. So up to usual 18% position with average price of 121.86, and a buy stop for a further 1/3 (6% account size) at +2% above the initial entry
$ARLO continues to be a great example of Stage Analysis.
Completed the Stage 2A pullback entry, to the B entry point and month back and now making a strong volume move off of the 10 week MA to attempt the initial Stage 2 continuation breakout today
$ATOM Failed Head and Shoulders Pattern. Support held at still rising 200 day MA, and is now moving back above the 50 day MA.
$FB low cheat type breakout attempt today
$GPRO looking interesting, and back above the +1x ATR(21 day) level
$NFLX Early Stage 2A breakout in NFLX on the 2 hour chart, but without volume confirmation and still under resistance. So a chance of broader base developing. But the breakout from the low base is a Sign of Strength (SOS)
#stockstowatch #stocks #trading #investing
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.
For the watchlist from Tuesdays scans - ARLO, BIG*, CELH, FB, FNGU, GOOGL, GPRO, NFLX, NSTG
Stock of the day was ARLO, which I last flagged on the 25th November at 5.50. It moved strongly higher today (over 40%) on its largest ever daily volume since its IPO, and briefly broke out of the Stage 2 base, before closing back down in the base at around 31% gain on the day. I'll be watching now how constructive the price action and volume is in the coming days.
The other area of note today was the large amount of mega cap FAANG stocks moving back into good positions. AAPL broke out, and as you can see multiple household names are in todays watchlist, including the FAANG stocks 3x etf. So we could be seeing a rotation back to the large cap names again into the last month of the year.
For the watchlist from Wednesdays scans - BAND, BIDU, BLNK, CRWD*, DADA, FROG, FUV, JMIA, LASR, NIO, ONEM, PDCO, PENN, SE, SHOP, SNAP, SPOT, TWLO, UBER, ZS*
*Earnings today
A few potential buyable gap up candidates in there tonight following tonights earnings, which don't show on the charts yet.
EV stocks had strong reversals today (automatic reaction) following the sharp pullbacks they've had over the last week. So potential for the bounce to continue if demand is still there. Or if the smart money uses the bounces to sell their shares to the weaker hands, before a potential rug pull and a wave of secondary offerings in the group.
Noticing the ARK Investment accumulation in $API for last four days, and a bunch of other days over the last few months too. But a strong cluster following a Wyckoff Spring / Undercut & Rally below the range a few weeks back with a good Secondary Test today which closed in the upper part of the days closing range showing a good sign of demand and lack of supply.
$RNG what a great long term chart to study, and on closer chart note how the breakout occurred in the lower part of the range of the 2 year channel lines.
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 had a bunch of breakeven stop outs near the open today in FROG, SONO & DDOG, and I exited AVTR manually for a minor loss -0.99% (-0.12% account). So nothing major on a choppy day. But by the end of the day I liked the look of FROG on the 2 hour chart. So re-entered at 66.10 ask (2/3 position - 12% account size) https://twitter.com/stageanalysis/status...97220?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.
Re-entered $LMND on the 15 min ORB at 67.64 (2/3 position - 12% account size) and then added to $LMND via buy stop order, which was filled at 69.09 (1/3 position - 6% account size)
That takes it up to a full size 18% position with an average cost of 68.14. Which I've the stop loss to also, as it's moved over +7% intraday so far.
Also re-entered $SONO at 22.71 via buy stop order on 15 min ORB (2/3 position - 12% account size), and added to $SONO via buy stop order at 23.17 (1/3 position - 6% account size.
So takes the position up to full size at 18% with an average price of 22.86. Stop loss up to 21.98
So back to a 83% invested, after dropping down to just 18% invested yesterday with a drawdown over the prior two days of -2.83%. But having a strong day so far up today with +1.77%, so have recovered more than 50% of the drawdown which is what i want to see ideally.
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.
Have taken 1/3 profits in $LMND at +10% of my average cost, which was filled at 76.57
Have a remaining 2/3 position with average cost of 68.14 and BE stop. So worst case is +4.24% (+0.81% account). Target at around 20% level, which give a +17.24% (+3.29% account) gain.
