LiShiwei
liked
$Meta Platforms(FB.US$
Meta closed at 345 resistance as I said from the start of the week before market open! Now we will be looking at 352 resistance next week and I believe we should break it with ease. Based on my graph, it is an ascending triangle and that means higher support levels and eventually breaking past the resistance of 352 to next resistance.
Meta support level is going up day by day with the 20EMA at 336, 20SMA at 332.40 and also the ascending triangle support line at 341. These supports will go higher next week on open as they are dynamic and gets higher everyday as long the price doesnt break through.
The most immediate and strong support would be the ascending triangle support line. Because if it breaks and closes below it, that will invalidate the ascending triangle pattern. But as long as the triangle is intact, the breakout to the upside is imminent.
We can see that we are going up on higher volume than on the selling days. This are very bullish indicators that this is not selling from smart money but they are short term traders selling at the high and buying bk at the lows.
After 352 resistance, the next will be 358. But we may touch 358 and come back down for a retest on 352 support should we break that level.
As always, trade safe & invest wise!
Meta closed at 345 resistance as I said from the start of the week before market open! Now we will be looking at 352 resistance next week and I believe we should break it with ease. Based on my graph, it is an ascending triangle and that means higher support levels and eventually breaking past the resistance of 352 to next resistance.
Meta support level is going up day by day with the 20EMA at 336, 20SMA at 332.40 and also the ascending triangle support line at 341. These supports will go higher next week on open as they are dynamic and gets higher everyday as long the price doesnt break through.
The most immediate and strong support would be the ascending triangle support line. Because if it breaks and closes below it, that will invalidate the ascending triangle pattern. But as long as the triangle is intact, the breakout to the upside is imminent.
We can see that we are going up on higher volume than on the selling days. This are very bullish indicators that this is not selling from smart money but they are short term traders selling at the high and buying bk at the lows.
After 352 resistance, the next will be 358. But we may touch 358 and come back down for a retest on 352 support should we break that level.
As always, trade safe & invest wise!
![Picture](https://ussnsimg.moomoo.com/1637379725845-102493479-android-org.jpg/thumb)
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LiShiwei
liked
$Twitter (Delisted)(TWTR.US$ twitter did a close below my critical support. No long setup was opened on my part as it did not meet my criteria of a good R:R trade.
The technicals are looking bearish as we are going down on huge volume sell off. If you are asking where should you average down if you are still bullish, do it at the 45 support and 200SMA at 41.
There may be a technical rebound coming soon for a quick profit but take it with a pinch of salt as it may continue falling a little more before that dead cat bounce and you may overall only breakeven if you time it wrongly.
Do your own risk management and I will come back to re analyse the graph again in due time when it hits the next support!
As always, trade safe & invest wise!
The technicals are looking bearish as we are going down on huge volume sell off. If you are asking where should you average down if you are still bullish, do it at the 45 support and 200SMA at 41.
There may be a technical rebound coming soon for a quick profit but take it with a pinch of salt as it may continue falling a little more before that dead cat bounce and you may overall only breakeven if you time it wrongly.
Do your own risk management and I will come back to re analyse the graph again in due time when it hits the next support!
As always, trade safe & invest wise!
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LiShiwei
commented on
$NVIDIA(NVDA.US$ After market down to $222.140?? what happened
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LiShiwei
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$Tesla(TSLA.US$ I bought it less than a month ago. Up 13% which is nothing vs tesla in the time but whatever. :-/
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LiShiwei
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$NVIDIA(NVDA.US$ It still doesn't work. It needs to go up to 300 at the end of the session; it's not going to work
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LiShiwei
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$NVIDIA(NVDA.US$Awesome, 315 forward
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LiShiwei
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UPDATED VERSION PART 2 $NVDA — STOCK & OPTION PLAY
NEED IT TO BREAK OVER: $299.38
key indicator for MORE uptrend $299.81
confirmation uptrend - $300
mini breakout - $302.80
full breakout - $307.32
SEMI PARABOLIC - $311.47
stop loss — $288.15
& support - $285.50. $NVIDIA(NVDA.US$
NEED IT TO BREAK OVER: $299.38
key indicator for MORE uptrend $299.81
confirmation uptrend - $300
mini breakout - $302.80
full breakout - $307.32
SEMI PARABOLIC - $311.47
stop loss — $288.15
& support - $285.50. $NVIDIA(NVDA.US$
![Picture](https://ussnsimg.moomoo.com/1636044006293-70128393-android-org.jpg/thumb)
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LiShiwei
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$BNGO — STOCK & OPTION PLAY
NEED IT TO BREAK OVER: $6.26
key indicator for MORE uptrend $6.37
confirmation uptrend - $6.59
mini breakout - $6.63
full breakout - $7.03
SEMI PARABOLIC - $7.87
stop loss — $5.97
& support - $5.65. $Bionano Genomics(BNGO.US$
NEED IT TO BREAK OVER: $6.26
key indicator for MORE uptrend $6.37
confirmation uptrend - $6.59
mini breakout - $6.63
full breakout - $7.03
SEMI PARABOLIC - $7.87
stop loss — $5.97
& support - $5.65. $Bionano Genomics(BNGO.US$
![Picture](https://ussnsimg.moomoo.com/1635868307727-70128393-android-org.jpg/thumb)
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LiShiwei
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$Tesla(TSLA.US$ I sold about 20%, and sold Jan. 2024 calls on a third of my remaining position at an average $1550 strike for nearly $180 a share.
I like being in a position where I'm likely happy despite the outcome.
So, if Tesla goes down, I'm glad I sold some and sold the calls. If it goes down far enough, depending on why, I can always sell some puts or buy some back.
If Tesla stays about the same and consolidates, I'm glad I sold some stock and sold the calls.
And if Tesla goes up to less than say $1600 in the next 27 months, I'm very happy with my position. Worst case (over $1550), I roll the options out two years to a much higher strike price for a large net credit, or just keep all the option premium if the stock doesn't rise much.
And if the stock goes crazy to the upside (like say to $2000 in a year, which would surprise me a LOT), I'm very happy about that too. I don't need to make the most profit I possibly could.
Plenty of profit in a short time frame is plenty good enough. I'd rather lock away part of my profits than rely on hope and greed and assuming nothing goes wrong with the economy or the markets. (I'd rather be a "chicken" that sleeps well at night than try to pile up "max profits" that I don't need and regret it later.)
I like being in a position where I'm likely happy despite the outcome.
So, if Tesla goes down, I'm glad I sold some and sold the calls. If it goes down far enough, depending on why, I can always sell some puts or buy some back.
If Tesla stays about the same and consolidates, I'm glad I sold some stock and sold the calls.
And if Tesla goes up to less than say $1600 in the next 27 months, I'm very happy with my position. Worst case (over $1550), I roll the options out two years to a much higher strike price for a large net credit, or just keep all the option premium if the stock doesn't rise much.
And if the stock goes crazy to the upside (like say to $2000 in a year, which would surprise me a LOT), I'm very happy about that too. I don't need to make the most profit I possibly could.
Plenty of profit in a short time frame is plenty good enough. I'd rather lock away part of my profits than rely on hope and greed and assuming nothing goes wrong with the economy or the markets. (I'd rather be a "chicken" that sleeps well at night than try to pile up "max profits" that I don't need and regret it later.)
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