$Rivian Automotive (RIVN.US)$ has strong support at $10 and I was expecting to hold it for a while with target price of $15.
However after the unexpected good news yesterday, I will probably revise my target to $20 instead. I already sold half and kept half to see how it goes… PCE data on Friday, can probably expect another round of rally after that… good luck to all!
However after the unexpected good news yesterday, I will probably revise my target to $20 instead. I already sold half and kept half to see how it goes… PCE data on Friday, can probably expect another round of rally after that… good luck to all!
![Can we see $20?](https://sgsnsimg.moomoo.com/sns_client_feed/70976936/20240626/c44ec3f5b7bfbafd533407f795810417.jpg/thumb?area=101&is_public=true)
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$Rivian Automotive (RIVN.US)$ has not surpassed the moving averages since start of this year and that’s what I like about this stock even though I am not an EV fan.
The few reasons I like:
1) Price trading above trend lines
2) Support at $10.00
3) Price was squeezed and breaking to upside
Aim: Jul 05, 24 $11C at $1.24
The only worry is a stubborn CPI report on 12/Jun/2024. Because of that, I shall go small. Or I may add some Jul 05, 24 $10P @ $0.34. I shall see how when the mar...
The few reasons I like:
1) Price trading above trend lines
2) Support at $10.00
3) Price was squeezed and breaking to upside
Aim: Jul 05, 24 $11C at $1.24
The only worry is a stubborn CPI report on 12/Jun/2024. Because of that, I shall go small. Or I may add some Jul 05, 24 $10P @ $0.34. I shall see how when the mar...
![Follow the Trend](https://sgsnsimg.moomoo.com/sns_client_feed/70976936/20240610/1717955432465-50375b6d73.png/thumb?area=101&is_public=true)
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$Tesla (TSLA.US)$ has broken the lower high, lower low trend by hitting $198.87 on 29/Apr/2024. Since then, it has been moving in a very tight range (for Tesla's standard).
There could be a number of reasons, but the main reason: Market is undecided. Although it’s a matter of time that it needs to decide and I can see coming Wednesday 12/Jun/2024 CPI/FOMC as the cataylst for a breakout.
However I do not know where it wants to go. In such a situation, I would prefer...
There could be a number of reasons, but the main reason: Market is undecided. Although it’s a matter of time that it needs to decide and I can see coming Wednesday 12/Jun/2024 CPI/FOMC as the cataylst for a breakout.
However I do not know where it wants to go. In such a situation, I would prefer...
![Time for some squeezed play?](https://sgsnsimg.moomoo.com/sns_client_feed/70976936/20240609/1717934607109-0587f7bc5b.png/thumb?area=101&is_public=true)
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$Hut 8 (HUT.US)$ is a rather slow moving stock with occasional bouts of spikes. What I like is it seems to have bottom at 6ish with potential to go to 12, 18 or even 22. I don’t recommend playing calls because it’s hard to predict when exactly it is going to rally. Ideally I hope it can rally by mid July, but it may also happen in August. (Nothing is 100%)
Now the question is whether I want to buy before 12/Jun/2024 CPI/FOMC day. I guess if I do buy before that, I will also...
Now the question is whether I want to buy before 12/Jun/2024 CPI/FOMC day. I guess if I do buy before that, I will also...
![Will history repeat?](https://sgsnsimg.moomoo.com/sns_client_feed/70976936/20240609/1717927632586-c36d8d6b54.png/thumb?area=101&is_public=true)
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$DBS Group Holdings (D05.SG)$ has been range bound between $35 to $36 for a while. It is obvious $36 is a strong “fortress” for the bears. Despite holding up well, RSI is losing steam. If price breaks below $35, it will likely look for the next support line at $32.
As much as I love SG banks, they are cyclical. I have also made some money from the rally + bonus + stock split (which is quite unpredecented). But let’s not have the mindset that good things will last fore...
As much as I love SG banks, they are cyclical. I have also made some money from the rally + bonus + stock split (which is quite unpredecented). But let’s not have the mindset that good things will last fore...
![Time to take some profit](https://sgsnsimg.moomoo.com/sns_client_feed/70976936/20240609/1717923751133-9fc24b8b57.png/thumb?area=101&is_public=true)
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$ContextLogic (LOGC.US)$ is obviously being squeezed now. There is a 50/50 chance for it to breakout to either side. The 2 big bullish bars inside the wedge makes me more inclined to a breakout to the upside.
However as next Wed (12/Jun/2024) is a CPI cum FOMC day, it will be a big move day for sure. If I do go long, I will buy some $5 puts as a hedge to the downside. There’s no 100% in trading, therefore don’t get FOMO and take your profit when it’s on the table. Otherwise things...
However as next Wed (12/Jun/2024) is a CPI cum FOMC day, it will be a big move day for sure. If I do go long, I will buy some $5 puts as a hedge to the downside. There’s no 100% in trading, therefore don’t get FOMO and take your profit when it’s on the table. Otherwise things...
![Squeezed play](https://sgsnsimg.moomoo.com/sns_client_feed/70976936/20240609/1717867976711-9eb25f985b.png/thumb?area=101&is_public=true)
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As shown above, don’t expect to be green every month. Got to be able to endure some pain… & don’t aim for the moon if you are just an average trader like me. A 10-20% gain is considered very decent compared to that 5% dividends yield or 3% SSB….
![Happy with 2024 so far...](https://sgsnsimg.moomoo.com/sns_client_feed/70976936/20240608/1717850989990-57e25ccaa5.png/thumb?area=101&is_public=true)
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