Potential Swing Trade Opportunities
Trade Ideas
Here are a few of the more simple trade ideas that I will be watching for this week. On all of these trades, I will have a stop loss, and I will start taking profit from time to time as soon as the trade starts profiting.
If you are an options trader then you might want to wait for a retracement before going long on the breakout. The premiums will be much cheaper that way.
The first potential trade is with STZ. This stock is very oversold. Recently, the price has broken out above resistance. The price has retraced its steps back to the resistance line that should now act as support.
If there is a rebound off of this yellow support line, then I will consider entering into a long position. If the price drops below and stays below support, then I will move on to the next trade idea.
Here is another potential long trade with PANW. This is very similar to the trade with Constellation Brands. If the price moves above the resistance line, then I will consider going long.
If there is a retracement like we saw with STZ, then I will not exit the trade until the price drops back below and stays below the resistance that has become support. That will be the area for my stop-loss.
Crypto have been ripping like crazy lately so I like this play with MARA. The method for this trade is exactly like the mechanics of the PANW trade.
Go Long on the breakout and have the stop-loss near the support/resistance line. And watch for the retracement.
Same potential trade here with BA. This one has a potential catalyst in play so you might want to wait and see how the market reacts to the news before jumping the gun.
Here is a long and a short opprtunity with LVS.
Here is a similar trade with U. I like the short trade in this instance much better. But how investers bought up the massive gap down after a terrible earnings reaction, I am considering the long trade as well.
It might even be possible to play the inside of this range if the price stays within the channel.
As always, I am not a financial professional, and this is not investment advice. Be careful and be patient. Dont anticipate the market. Rather, participate in the market. Don't invest money that you vant afford to lose. Give some of your investments time and know when to cut your losses.
Don't be greedy. Don't invest in anything you don't understand. Don't put all of your eggs in one basket. Don't listen to the hype. Don't fomo or panic into or out of trades. Do your own due diligence. And just follow the trends. A trend is your friend. Good luck trading.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
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