Tale St. Trading

Trading and stuff - journaling my thoughts of the market here.

[Tale St. Trading @TaleSt_Trading]

$URGN pulling back to 20EMA. Biotech has been strong and the sector could see continuation after short consolidation.

If biotech does get moving, $URGN could move with it and the spot here provides tight risk control.

[Tale St. Trading @TaleSt_Trading]

Stalking $SHOP. No entry yet, but if it pulls back closer to 20EMA then I start to get interested. However, one to keep on your watchlist IMO.

[Tale St. Trading @TaleSt_Trading]

$GH CNH base just below all-time-high of $181.07.
This could provide sneak entry, with the thesis of previous ATH being tested and ultimately overtaken with the tailwind from healthcare being one of the leading sectors at the moment.

[Tale St. Trading @TaleSt_Trading]

Stalking $DT. It broke the downtrend and has clear accumulation on the weekly. On daily you can see the bottoming type of action. Few more days of consolidation against the rising 20EMA would be constructive.

[Tale St. Trading @TaleSt_Trading]

$BAX tightening above rising 20EMA with lowering volume during consolidation. If you look back you can see it broke the downtrend that started 2022 and could now be ready to start new uptrend.

[Tale St. Trading @TaleSt_Trading]

$BAX similar to $SE, but different sector ($XLV, which is a bit overstretched at the moment).

1. Broke down trend
2. Created stage 1 basing
3. Transitioning to stage 2

However, there is still unfilled gap at $28.

[Tale St. Trading @TaleSt_Trading]

$AVTR has been in my radar for sometime after it broke down from the short bottoming base and then cleared the long term downtrend. It is in it's early phase so there would be potential for longer run. However, no entry yet so still in stalk mode.

[Tale St. Trading @TaleSt_Trading]

Low risk entry in $GRMN with inside day hammer. There are few concerns such as the rounding top and increased selling volume during pullback, but at the other side we have increased price targets ($320-370) and sector acceleration. I think risk here is justified.

[Tale St. Trading @TaleSt_Trading]

$GRMN long base - dating back to late 2024 - breakout on weekly, now testing 20EMA on daily with buying pressure resuming as estimation is 83% of average volume at the moment. However, I think it might be closer to 100% at the end of the day.

[Tale St. Trading @TaleSt_Trading]

$SE is my main focus for next week with the double inside day against rising 20EMA.

[Tale St. Trading @TaleSt_Trading]

$SE is soon ready I think:

1. Broke the down trend
2. Already overcame gap from March
3. Transitioning to stage 2

And now we have trigger with the inside day / hammer against rising 20EMA, previous high (now support) and filling earnings gap.

[Tale St. Trading @TaleSt_Trading]

$BLMN strong continuation. Fresh trend, so potential for larger move is higher.

[Tale St. Trading @TaleSt_Trading]

$BLMN we are almost there. Shifting this to focus-list.

[Tale St. Trading @TaleSt_Trading]

$GRMN long base - dating back to late 2024 - breakout on weekly, now testing 20EMA on daily with buying pressure resuming as estimation is 83% of average volume at the moment. However, I think it might be closer to 100% at the end of the day.

[Tale St. Trading @TaleSt_Trading]

Nobody talking about $LAD and for a reason - it's a laggard. However, it had strong earnings reaction, highest volume in a year, broke out from previous base & tested it.

Now I think it is aiming for the weekly resist, and as market is what it is, this trade might work.

[Tale St. Trading @TaleSt_Trading]

In general this is not too good for roaring bull market to see Oil & Gas, Energy and Metals at the high end of the list. Additionally the velocity they have had shows a clear rotation in to more defensive names. One day at a time.

[Tale St. Trading @TaleSt_Trading]

I like the setup more and more if this low volume inside day can hold today in $SE.

[Tale St. Trading @TaleSt_Trading]

$SE is soon ready I think:

1. Broke the down trend
2. Already overcame gap from March
3. Transitioning to stage 2

And now we have trigger with the inside day / hammer against rising 20EMA, previous high (now support) and filling earnings gap.

[Tale St. Trading @TaleSt_Trading]

$BLMN we are almost there. Shifting this to focus-list.

[Tale St. Trading @TaleSt_Trading]

$BLMN continues to set up. Some more pullback / consolidation would be constructive and offer low-risk entry.

[Tale St. Trading @TaleSt_Trading]

$GSHD tightening.

[Tale St. Trading @TaleSt_Trading]

$BLMN continues to set up. Some more pullback / consolidation would be constructive and offer low-risk entry.

[Tale St. Trading @TaleSt_Trading]

If I would highlight one chart with nice technical price action it would be $BLMN. The weekly chart is of beauty. Real character change (ping @NickSchmidt)

I am stalking potential entry on the daily, not ready yet.

(Note! Small MCAP)

[Tale St. Trading @TaleSt_Trading]

$PAY retesting previous base high. I would like to see more consolidation here and let the 20EMA catch up.

[Tale St. Trading @TaleSt_Trading]

$BAX similar to $SE, but different sector ($XLV, which is a bit overstretched at the moment).

1. Broke down trend
2. Created stage 1 basing
3. Transitioning to stage 2

However, there is still unfilled gap at $28.

[Tale St. Trading @TaleSt_Trading]

$SE is soon ready I think:

1. Broke the down trend
2. Already overcame gap from March
3. Transitioning to stage 2

And now we have trigger with the inside day / hammer against rising 20EMA, previous high (now support) and filling earnings gap.

[Tale St. Trading @TaleSt_Trading]

$SE pulling back to 20EMA and bouncing. Fresh stage 2 transition if it can hold.

[Tale St. Trading @TaleSt_Trading]

$SE pulling back to 20EMA and bouncing. Fresh stage 2 transition if it can hold.