Tuesday 1 February 2022
$BROS trimmed 1/2 at my initial profit target of 55 for +14.61% gain at the top of the current range. Holding the other 1/2 for the time being to see if a Sign of Strength rally will develop or not.
(2022-01-31, 05:11 PM)isatrader Wrote: $BROS my entry triggered in the first 5 mins at the VPOC level and was filled at 47.99.
Has moved well in the early trade, and finding resistance at the higher volume node so far.
15 minute chart gives a bit more detail on my entry point as it broke out of the tight zone that formed on Friday in the final hour.
Have a tight stop under todays opening bar.
$CF making another attempt to breakout from the base on base pattern in potential early Stage 2 on the intraday charts.
The Greater Than +1x ATR in the S&P 1500 scan up to 107 today. Which is around 7%. So improving, but not through the 10% level that use for a signal so far.
$SG continuing to develop at the lower VPOC and edging above its new 50 day MA.
$CORZ one of the newer crypto miners to watch which is similar in size and operation to MARA. CORZ has move over 70% since the 24th Selling Climax (SC) and moving into major MA resistance zone, so am going to be watching for a base structure to develop.
$DWAC another extremely volatile stock, but continues to show RS as it moves higher through the +1x ATR level again today.
$UBS with an Earnings Gap Significant Bar today
$MOS with potential for Stage 2 continuation breakout to new highs from a cup with handle pattern.
Energy and Financials dominating the scans today and including Consumer Staples are the only sectors above their 50 day MA currently.
$FUN Stage 2 breakout attempt on more than 3x the average weekly volume with three more trading days to go still. RS versus the S&P 500 moving through the zero line.
Earnings: 2/16/2022 (BMO)
Lots of big company earnings after the close:
AMD, GOOG, EA, GM, MSTR, PYPL, SBUX
$UPS Stage 2 continuation breakout attempt following earnings this before the open today
$AIRS recent IPO getting tighter around the IPO Anchored VWAP level of 14.22
Currently developing a Stage 1 base on the intraday 2 hour chart with quiet volume.
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.
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.