Trade Ideas - Technical Analysis

test

Added:

Side:

Trigger:

Stop:

Target:

Status:

Notes:

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INTC

Added:

09.27.20

Side:

Trigger:

$52.18

Stop:

Long

$51.50

Target:

1) $53.22
2) $54.79
3) $60.00

Status:

Not triggered

Notes:

INTC has been beaten down pretty badly lately after a large gap down in July. The stock attempted to reclaim the gap on 09.02 without success. I would have a tight stop if entering into the gap, but once established, INTC has potential to fill the gap up to $60.00.

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PYPL

Added:

09.27.20

Side:

Trigger:

~$190 (20-day SMA)

Stop:

Long

$183

Target:

1) 2% profit
2) 5% profit
3) $200+

Status:

Not triggered

Notes:

PYPL has respected historically respected the 20-day EMA as support. It broke down below this level on 09.04.20 and it has been acting as strong resistance ever since. PYPL is currently trying to break the 20-day EMA but I would wait for confirmation above the 20-day SMA before an entry. There is overhead resistance with the 50-day SMA between the two 20-day levels right now. Once through the 20-day SMA there are clear skies to the all-time high.

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ROKU

Added:

09.27.20

Side:

Trigger:

$185.44

Stop:

Long

$176.00

Target:

1) $189.14
2) $194.71
3) $200.73

Status:

Not triggered

Notes:

ROKU has been in a macro trend upward since March. After hitting an all-time high on 9.23.20 there was a low volume pullback and now a small consolidation period with decreasing volume. I would look for a break of the previous pivot high on the daily at $185.44 for a momentum move up. Make sure the move is confirmed with an increase on daily volume. If you want to play a scalp move I would have a much tighter stop around 1% below your entry or just below the next major intraday support level.

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SQ

Added:

09.27.20

Side:

Trigger:

$158.43

Stop:

Long

~$157.72 (ascending support)

Target:

1) $161.59
2) $166.35
3) $170.61

Status:

Not triggered

Notes:

SQ has been strong lately holding while forming a micro uptrend that is creating a triangle with resistance at $158.43. SQ has tested this level 4 times in the last 2 weeks and has potential to retest all-time highs with a confirmed breakout.

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AMD

Added:

09.27.20

Side:

Trigger:

~$80.45

Stop:

Long

~$78.06 (20-day EMA)

Target:

1) $84.02
2) $87.29

Status:

Not triggered

Notes:

It is hard to say which way AMD will go at this point but it is in a strong consolidation pattern which gives momentum potential once a direction is decided. The target long is a break of the 20-day SMA with a stop just below the 20-day EMA. AMD has historically held the 20-day SMA well until a breakdown on 9.3.20. A breakout and hold above the 20-day SMA level should provide a strong move up for solid intraday gains.

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AMD

Added:

09.13.20

Side:

Trigger:

$73.90

Stop:

Short

$74.00

Target:

$71.63

Status:

Not triggered

Notes:

AMD is pulling back off of an all time high as the QQQ and SMH are selling off. If AMD can enter the gap it should fill it very quickly (an hour or less). I would take profits at the gap fill and leave a position in play with a tight stop in case it continues to run.

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