azheng2649

azheng2649

I am looking for key levels of support at the 20936.25 level. As long as we find support buyers there, I am looking to go long for 3 price target points. My Price targets are for this current week in front of us Dec 2nd 2024. Longer periods can possibly expect a tag of ATH. Price Target 1 = 20984 Price Target 2 = 21016.50 Price Target 3 = 21096 We have been...

azheng2649

It seems we may have found our bottom on this name and will likely find upside in the coming weeks. We have tested the upper channel there multiple times and with the right catalyst and volume, we could finally break above it. Which will give us room to move to 211 and then 216. A break above 216 can give us big moves towards the 220-240 zone. However in the same...

azheng2649

Personally I am looking for a key level break above $410 this week with the next leg to $420. I could see healthy pull back to $401 before bouncing to $410. But do not expect us to get below $400 again at this point (of course anything can happen based on news and world events) If you are looking at SPY from a 1HR time frame it looks like we have just executed a...

azheng2649 Updated 

Recent News - ca.finance.yahoo.com Although I still have a bullish perspective in the long run (may take a few leap calls on this when I find the bottom.) It is however showing a downtrend with a lot of downward pressure. The news that broke out 3 hours does not help the case on this one as it pulled back by 3% after hours. Although I do expect a bit of a rebound...

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I posted a chart on NERV earlier this week and I believe we may have more still. Loved the volume that we saw going into our Friday (considering the rest of the market took quite a dump after the FOMC speech) I have marked the level 1 and 2 support bounce. If it breaks below that I will re-assess my play but would love to see a break past $12 (heavy resistance)...

azheng2649

NEPT has been on that has had a few trading days worth of scalping or intraday trading opportunities. What I am looking for this coming week is a move above the 200 EMA & VWAP with a target entry of $2.75. Even when we zoom out and take a look at the daily chart it is still hovering the 9EMA. My support levels I have placed is what will keep me interested in the...

azheng2649 Updated 

Looking to scoop up a PUT option off the expected rejection of $134. (Not financial Advice)

azheng2649 Updated 

Looking to take this trade if we can see some volume go into this stock in the next day or 2 here. I have marked my support and resistance zones that I will be trading off of. With a good technical setup I think we can capture a solid 5-10% move. (Not Financial Advice)

azheng2649

Looking to take a trade on INDO for an upward move. I am seeing a pennant form here with volume and RSI lining up. Will be looking for some volume going into the open market with a MACD cross. I think with news on challenging oil supplies will help add to push this stock above $14-15 tomorrow. (Not Financial Advice)

azheng2649

Looking for this stock to break $20 again tomorrow. This is a new IPO that hit the market on August 23rd 2022. There was an opportunity to capture a move in the early morning however it may have been tough to get a trade in. I believe we can see some more activity to follow through on this just like we saw on GCT the other days. (Not Financial advice. Currently...

azheng2649

Coming out of positive earnings (drop in revenue still) and still seeing this downward pressure, I expect there to be more downward move. Although RSI is oversold right now, I do expect a rejection at the $83 zone that I marked which is where I plan to scoop up a PUT option. (Not Financial Advice)

azheng2649 Updated 

If it bounces off of my support level one I will enter a call options for an expiry of next week Friday. If it keeps pulling down then I will buy a PUT for the same period. How it moves between my Res & Support will tell me when to buy and sell my moves this week. (Not financial advice)

azheng2649

Looking for a break above $7 for a 10% move based on how things are looking right now. Support needs to hold above the $6. Otherwise I will have to reset my plan

azheng2649

I expect it to have a slow climb up but will reject before the $118 zone. If this plays out I will buy a PUT option for next Friday expiry. (Not Financial Advice)

azheng2649

Assuming we can see this hold above $6, I believe we still have another move left for 5-10%. It has been consolidating all week. If it breaks below then I will reset my view on it, but for now I am watching for the next break above Recent news - Strong Earnings ca.finance.yahoo.com

azheng2649

Recent News - ca.finance.yahoo.com Usually stock moves like these with news don't tend to just be a one hit wonder. I am looking for another move if it can hold the support of $5.50. I liked that it closed above $6 today. Looking for a break above $6.50 with MACD Cross to see a 5-10% move.

azheng2649

VRNA has some decent moves today during the first half of the day. The stock since the peak of the $14 zone has pulled back to the $9-$10 zone. Recently the stock was given an upgrade on Zacks for a strong buy which is always a good sentiment indicator from a business perspective. Could see another 10-20% move tomorrow? (Not financial advice) Recent...

azheng2649

Expecting TSLA to drop this week and possibly into next week depending on how the charts play out. I've marked my support and resistance watch for when I would enter a CALL or PUT. AH today it was announced that ELON was selling his 6.88 billion worth of TSLA shares with the speculation it is to prepare for the acquisition of Twitter in case it goes that...