Unicorn members please see Video Section for these tickers.
This week will be a little different, price action across the board is giving me fake outs and manipulation. So this week let's focus on continuation plays we already been watching and know the direction of.
DE
This ticker is from the January monthly plays, it triggered down on the monthly and retraced. Now price is in a reversal bearish pattern down, failed 2up falls the hardest.
Price hit Price target 1 from the monthly ideas and I am certain it wants to hit $393.79 which is the price target for this week.
- Look to get a position on retrace of the weekly candle or rejection off the Broadening Formation line. We broke back through that BR and should retest it for confirmation.
- If Price retest the BF and do not reclaim it, I expect price to go pretty hard.
- You can take the 3-2D trigger at $406.02 and ride it down to Price Target $393.70
- Price breaks $398.00 it will most likely accelerate, I would be surprise if we get a wick down with a immediate bounce. We haven't been at the .50 on the quarterly, so take profits.
AYX- Rollover
Please see last weeks details on this ticker to get the full understanding, however we rolling this one because I see BF expansion.
Last week notes: The monthly trigger 2up and rejected however price looks to be trying again for that upside target of $54.51
Now that we hit that target as long as price holds $51.31 it will continue up to $54.51
- Look for price to hold $51.31, that is your buy zone. Buy monthly cons and as long as price hold that level you can just let it ride.
- This week Price target is $54.51
- The reason why price may continue up is because the monthly and Quarterly are in reversal bullish patterns.
- You could wait for the expansion if you feel more comfortable doing so.
MO-Rollover Play for the 3rd week
We got our downside target on this ticker and now its on its way to retrace up with a potential 1-2-2up.
MO Price reclaimed the weekly BF at close last week which is a good sign price wants to go up.
- Price holds $44.72 you can buy swing calls and take it to Price Target 1 $45.23 then $45.77
- Price gets over $45.77 it will trigger the weekly as well as reclaim the BF. That will ensure price hits the Monthly retrace and final Price Target $46.57 $46.74
NVDA- Rollover play for the 3rd week
We been riding NVDA from 150, I don't see a reason to stop now. NVDA is a continuation play with potential of triggering the Monthly and Quarterly Trigger. If you guys remember last quarter I stated to keep the SMH sector on watch for bullish momentum first quarter and here we are lol
- Until we see a reversal pattern its no reason to enter puts, plus price reclaimed the BF last week.
- Price Target for the week is $187.90
- Invalidated under $169.16
ETSY - keeping a eye on price
Etsy can potentially go OUTSIDE on the month, a continue build over $133.11 will ensure the the outside month. Price Target for the week is $138.95
- Any weakness in the market, visit this ticker for continuation down. However for now its still holding that monthly .50 retrace which is an indication it will go outside.