Stock Study Series: A series of stock set ups BEFORE they break out
Many traders post charts after the breakout, where it is obvious in hindsight that the set up has worked.
In this series follow me to develop your "traders eye" and learn what to look for BEFORE the breakout,
Memory names turning up from cheat pivots from lows of the base
$MU $SNDK if they run this market has legs. bitcoin:native
also running up which is good for risk on stocks. Some setups I am stalking with tight pivots/ inside days $GLXY $OKTA $HNGE
$SNDK Double inside day, price action is getting tighter. Will this make the turn and rally up or break down? No idea, but it's a good low risk pivot to take a shot either way
Testing some pilot buys. Some stocks have formed tight inside days with low risk pivots $PLTR $FROG $QLYS. I also don't think memory stocks are done- $MU $SNDK pulled back from a strong rally from the bottom, trying to make the turn here
$QQQ holding so far above the 20D. Not much progress with small pilot buys, but good to keep a toe in the water to see the direction of travel. $QLYS and $DK look buyable
Stock Study Series: A series of stock set ups BEFORE they break out
Many traders post charts after the breakout, where it is obvious in hindsight that the set up has worked.
In this series follow me to develop your "traders eye" and learn what to look for BEFORE the breakout,
Market $QQQ weak today with leading memory names getting whacked after a good multi day rally. Difficult to know if these are pullbacks on general market/ macro uncertainty. A few pockets of strength- worth a shot with pilot positions if market behaves
$DK $KNSA $NTRA
$DK
Looking good in a weak tape. 4 week base, correcting max -18%, nice shakeout in the middle before rallying up to the right side. Hammer candle with volume contraction, about to break out
@mmonis The real question is why do institutional short sellers not short stocks in tight consolidations in low volume, knowing there is retail liquidity at the breakout
The EP9M scan is not a "blind-buy" tool.
Itโs an ideas radar.
The playbook:
โ Filter out quiet ADR (<4%)
โ Focus on Earnings/FDA catalysts
โ Use a structural LoD stop (and let it breathe)
โ HV180 > 5 massively increases the odds in your favour
Read the full quant breakdown:
https://t.co/1yry6Qh8cG
Recent breakouts not showing any follow through- for me I'm trading smaller/ taking profits earlier on these pop and drops. $QQQ above key MA and formed an inside day- market can go either way into this long weekend. A few set ups for Thursday $SITM $DELL $MRVL