The Trend Trader

📈 Trend Follower | Riding Market Waves 🌊 | Data-Driven Trades | Stay in the Trend or Get Left Behind.

I share my thoughts - many will be wrong...

[Flowseidon @kiantrades]

If these go 200% + by expiration I’ll giveaway $500 to a lucky follower

Retweet this tweet to enter $QQQ

[The Trend Trader @TrendTrader1020]

We closed today right below the 10d EMA and you would think we just gave up the 200d SMA again based on sentiment on here.

[The Trend Trader @TrendTrader1020]

@kiantrades With this and the $MSTR flow, something is brewing. Iran-Israel peace? Surprise rate cut? Seems unlikely but i’m lost as to what could move the markets 3-4% in two trading days

[The Trend Trader @TrendTrader1020]

A disappointing day from $TEM after a strong open and clearing the $74 level. On the bright side, today marked the highest close since Feb 20th, closing above the $71.20-30 range that was acting as resistance. Friday’s close acted as support today.

$HIMS broke out of its resistance level of 57.05 again and closed above $58.58 which acted as a S/R zone in February briefly and again in late May. An open tomorrow above $60.10 and we could see a quick move to test $63.95.

$UNH closed below its 10d EMA, and with $SPY & $QQQ rebounding today, this name may be left behind and looking to retest $292-293 over the next week.

$OUST strong day today and setting up to retest last Wednesday’s high of $20.90. Clear that level and the next target is set for $28.50-29.35. With limited overhead supply that move could happen fairly quickly.

[The Trend Trader @TrendTrader1020]

$UNH struggled to reclaim its 20d EMA yesterday at $317.25 after gapping down. A lot of eyes on this stock right now, and it has a lot of potential to fill the gap at $376.84 over the next few months.

I closed out of a long position yesterday due to the 20d acting as resistance. I’ll be opening a position for the run up to $376 once it clears and holds $323.

[The Trend Trader @TrendTrader1020]

I know there’s a lot of uncertainty this weekend and we closed yesterday with fear of further downside, but… $TEM looks so explosive. It had such a strong performing week closing higher each day, albeit small yesterday.

Yesterday’s close was right at the February 5-11th resistance level of 71.21-71.39. On February 12th, it broke that level and closed at 73.88 and ran to its ATH of $91.45 2 days later.

A strong day Monday, and we could be retesting that ATH relatively soon and if it breaks $91.45, this stock could fly.

~$66.35 acted as resistance and May and I’m holding that level as support. With current uncertainty, most of my position is in shares, with June 70c runners and started a position of July 80c on Friday. I’ll be looking to add to that position this week if we continue to see positive momentum.

[The Trend Trader @TrendTrader1020]

Anyone in $KLAC? It’s been showing strength all week.

[The Trend Trader @TrendTrader1020]

$NET was screaming buy at open, but I don’t like entering positions until 10:30. I was waiting for it to cross back over $181 to enter a position. It almost did around noon, and I almost entered anyways but I stuck to my rules.

It blows my mind how identifying entry points through technical analysis and sticking to your rules can help you tremendously as a trader.

It’s still a buy if it crosses $181 again. Just nice to avoid losses or temporary drawdowns by being patient.

[The Trend Trader @TrendTrader1020]

Scanning a charts and seeing a couple of stocks that look ready to make a move.

$RCL - looking very similar to $CVNA which has a similar pattern as most highly traded stocks. $305 then on to $330

$AVPT not a stock I’ve seen anyone talk about but it looks like it wants to start another leg up to $30.

[The Trend Trader @TrendTrader1020]

$UBER taking off! Right off of Trump’s comments around potentially blocking robotaxi’s launch.

[The Trend Trader @TrendTrader1020]

@_TradeJournal $OPFI close to breaking back out to ATHs

[The Trend Trader @TrendTrader1020]

A lot of eyes on $HOOD this week as it closed strong on Friday, and hit ATHs this morning. A close over $66.50 today would be very strong and kickoff its breakout. Inclusion in the S&P 500 could send this stock soaring.

$TEM flying this morning off launching xM which will support in Treat Response Monitoring. A huge push back to the $90s is possible with reclaiming $66.

$HIMS held $52 strong last week, and looking to retest $65. A new ATH could be seen relatively soon.

[The Trend Trader @TrendTrader1020]

@unusual_whales Is this why it was up 7% today?

[The Trend Trader @TrendTrader1020]

$HIMS having a strong day, up 6.61%. It’s held $52 all week as a support level. Could be back at $65 soon.

[The Trend Trader @TrendTrader1020]

Am I not allowed to do that? I’m looking at technicals and prior trends. I thought this year would follow 2022, it went to retest the 200 D SMA the following week (exactly as I predicted), but it bounced right off of it (where I was wrong).

Am I supposed to just remain short after that happens and lose money? We don’t make money being right all of the time or even half of the time.

[The Trend Trader @TrendTrader1020]

@RileyPHunter @RentYourStocks Yeah didn’t lose it, tested it and bounced right off of it. Seems like ATHs incoming.

[The Trend Trader @TrendTrader1020]

$UBER continuing to fall off here, looking very weak technically now. Disappointing after such a strong break to ATHs, $100 looked imminent but now likely heading back to low $70s.

[The Trend Trader @TrendTrader1020]

@whocarezwhy I’m trying to catch the move to ATHs, not bag hold or hold a sideways position. It’s already down another 10% from this morning. Trade what works for you, but I much rather buy high and sell higher.

[The Trend Trader @TrendTrader1020]

$TEM strong day today after a huge surge Friday afternoon. If it can reclaim $70, it can make a push up to its ATHs.

$HIMS showed a lot of weakness today after failing to reclaim its 10 D EMA early.

$TSLA $400 incoming?? 🚀