I like it... MARA daily looks a lot like NIO too. Except NIO is a few days ahead. It seems to have bottomed yesterday, higher lows today and had a nice buy this morning that immediately got knocked back by an 800k share sell.Heineken-Ashi said:
Getting close to buying MARA. $10 range seems like it could be trigger pull territory.
Weekly
Daily
I would stop at $8.45 which around the previous low, but if massively oversold, would potentially wait for a small bounce before just jumping out.
This is a trade where you don't even need new highs to have great profit. You just need 50% of previous high back up.
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Last: 3 hrs ago by Heineken-Ashi
I dipped my toes in.Charismatic Megafauna said:
Everybody loaded up on smci?
Not sure if this has already been mentioned, but did anyone else get the mailing for CLOV litigation?
https://www.cloverhealthsecuritieslitigation.com
https://www.cloverhealthsecuritieslitigation.com
I did. I also got something through IBKR.
Got it as well.
Yep, sure did. Making sure, but y'all just shred those, right?
ProgN said:I added more today at 30Ks 245 levelCharismatic Megafauna said:
Everybody loaded up on smci?
Is this a long term hold for you, or are you just holding until it fills the gap?
Next resistance if it keeps falling would be around $217?
That's how i see it. I'm sitting in the sidelines until then.
Also, I know predictable and natgas are oxymorons, but go look at how UNG has been doing the last few months. Looking to buy in next time it touches the lower BB.
Also, I know predictable and natgas are oxymorons, but go look at how UNG has been doing the last few months. Looking to buy in next time it touches the lower BB.
I'm planting this stock. I believe that it will provide incredible returns and reward patience.Definitely Not A Cop said:ProgN said:I added more today at 30Ks 245 levelCharismatic Megafauna said:
Everybody loaded up on smci?
Is this a long term hold for you, or are you just holding until it fills the gap?
Next resistance if it keeps falling would be around $217?
There's also a huge gap down at $168. I hope it doesn't drop that far for those that have already started positions, but it's something to be aware of.Definitely Not A Cop said:ProgN said:I added more today at 30Ks 245 levelCharismatic Megafauna said:
Everybody loaded up on smci?
Is this a long term hold for you, or are you just holding until it fills the gap?
Next resistance if it keeps falling would be around $217?
ProgN said:I'm planting this stock. I believe that it will provide incredible returns and reward patience.Definitely Not A Cop said:ProgN said:I added more today at 30Ks 245 levelCharismatic Megafauna said:
Everybody loaded up on smci?
Is this a long term hold for you, or are you just holding until it fills the gap?
Next resistance if it keeps falling would be around $217?
What makes you say that? I don't know enough about the company to have an opinion outside of the technicals.
Seems to be a pattern this month of starting slightly red, pushing up and going green around lunch before dropping to session lows in the afternoon, see if it happens again today.
101 question here:fightintxag13 said:There's also a huge gap down at $168. I hope it doesn't drop that far for those that have already started positions, but it's something to be aware of.Definitely Not A Cop said:ProgN said:I added more today at 30Ks 245 levelCharismatic Megafauna said:
Everybody loaded up on smci?
Is this a long term hold for you, or are you just holding until it fills the gap?
Next resistance if it keeps falling would be around $217?
what makes the price points mentioned here a 'gap' that it could retrace to? volume? if so, what's a good place to track volume outside of paid trading platforms? TIA
If you are looking at a candle chart, anywhere a gap between bars is shown from a big spike in price. Those typically* get "filled" which means the price will come back to the gap.
https://www.investopedia.com/thmb/mOUo6_Fvg3qBGFQtqTTc5s-3mKw=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc()/ApplGapchart-f098113d51f44ceb8d78653daeb57831.png
*Typically, not always.
https://www.investopedia.com/thmb/mOUo6_Fvg3qBGFQtqTTc5s-3mKw=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc()/ApplGapchart-f098113d51f44ceb8d78653daeb57831.png
*Typically, not always.
Gaps are self explanatory once you see them. Marked 2 of them here.
Gap fills are some of the easiest trades to make in situations where a stock gets extremely overheated or oversold. Even more so when it's because of a fad and magic words like "AI". Often times, a stock that goes parabolic to the upside will come fill a lower gap back down to or near the area it was before it exploded. That will usually mark a pivot zone and massive buy in opportunity.
If you want to see what the future is for SMCI, change to weekly candles, or even monthly. You're looking at a stock that was well beyond "overbought" no matter the timeframe you look at. Best case is that it sits in the $200-$300 range for a year or two. What's not likely to happen is another explosion upward like the one in 2023. The only thing that will likely cause that is some sort of massive stimulus event that affects the whole market. SMCI is in a cool down phase, and I doubt its a quick one. For the sake of those who already jumped in, I surely hope I'm wrong and will celebrate my wrongness with you if I am.
If you want to see what the future is for SMCI, change to weekly candles, or even monthly. You're looking at a stock that was well beyond "overbought" no matter the timeframe you look at. Best case is that it sits in the $200-$300 range for a year or two. What's not likely to happen is another explosion upward like the one in 2023. The only thing that will likely cause that is some sort of massive stimulus event that affects the whole market. SMCI is in a cool down phase, and I doubt its a quick one. For the sake of those who already jumped in, I surely hope I'm wrong and will celebrate my wrongness with you if I am.
"H-A: In return for the flattery, can you reduce the size of your signature? It's the only part of your posts that don't add value. In its' place, just put "I'm an investing savant, and make no apologies for it", as oldarmy1 would do."
- I Bleed Maroon (distracted easily by signatures)
- I Bleed Maroon (distracted easily by signatures)
Philip J Fry said:ProgN said:I'm planting this stock. I believe that it will provide incredible returns and reward patience.Definitely Not A Cop said:ProgN said:I added more today at 30Ks 245 levelCharismatic Megafauna said:
Everybody loaded up on smci?
Is this a long term hold for you, or are you just holding until it fills the gap?
Next resistance if it keeps falling would be around $217?
What makes you say that? I don't know enough about the company to have an opinion outside of the technicals.
I post some reasons why I like it this weekend
CROX is going to try again with a reversal candle as it's currently a bullish engulfing. Let's see if it holds
Held and pushing upwards.gougler08 said:
CROX is going to try again with a reversal candle as it's currently a bullish engulfing. Let's see if it holds
Go bulls go. holy ****
Charismatic Megafauna
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AG
I pinned xsp 437!!!
If we show a continuation early Monday I'll be hopping inAgCPA95 said:Held and pushing upwards.gougler08 said:
CROX is going to try again with a reversal candle as it's currently a bullish engulfing. Let's see if it holds
They puked it right after I posted, of course
Charismatic Megafauna
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I built it out on the way up this morning. Pure dumb luck!
what happens to options expiry today for Palo Alto with that big move??? lotta people gonna get screwed on that, right??? (as individuals can't trade in/out of options after hours...so I guess people will have to buy/sell short shares to not get hosed, right?)
Can't imagine many held expiring options into an ER with no chance to get out either way.EnronAg said:
what happens to options expiry today for Palo Alto with that big move??? lotta people gonna get screwed on that, right??? (as individuals can't trade in/out of options after hours...so I guess people will have to buy/sell short shares to not get hosed, right?)
I bought some SMCI this morning and NVDA. I sold all the NVDA.
$30,000 Millionaire said:
I bought some SMCI this morning and NVDA. I sold all the NVDA.
I had a really good trading week this week as well. Excited for next week.
.reedsterg said:
Not sure if this has already been mentioned, but did anyone else get the mailing for CLOV litigation?
https://www.cloverhealthsecuritieslitigation.com
I'm holding out for the $wwr litigation.
ADBE look absolutely ripe for a short. 8/21 EMA just flipped on the daily and there's a juicy gap at 453...
Also a potential H/S
Gap fills in stocks can indeed present trading opportunities, especially when market movements are influenced by fads like "AI" or machine learning in finance. Recognizing stock patterns and identifying pivot zones can assist in spotting potential buy-in opportunities. However, it's crucial to conduct thorough analysis, considering fundamental and technical factors, before making trading decisions.Heineken-Ashi said:
Gap fills are some of the easiest trades to make in situations where a stock gets extremely overheated or oversold. Even more so when it's because of a fad and magic words like "AI". Often times, a stock that goes parabolic to the upside will come fill a lower gap back down to or near the area it was before it exploded. That will usually mark a pivot zone and massive buy in opportunity.
If you want to see what the future is for SMCI, change to weekly candles, or even monthly. You're looking at a stock that was well beyond "overbought" no matter the timeframe you look at. Best case is that it sits in the $200-$300 range for a year or two. What's not likely to happen is another explosion upward like the one in 2023. The only thing that will likely cause that is some sort of massive stimulus event that affects the whole market. SMCI is in a cool down phase, and I doubt its a quick one. For the sake of those who already jumped in, I surely hope I'm wrong and will celebrate my wrongness with you if I am.
Who let ChatGPT in here?
wans said:Gap fills in stocks can indeed present trading opportunities, especially when market movements are influenced by fads like "AI" or machine learning in finance. Recognizing stock patterns and identifying pivot zones can assist in spotting potential buy-in opportunities. However, it's crucial to conduct thorough analysis, considering fundamental and technical factors, before making trading decisions.Heineken-Ashi said:
Gap fills are some of the easiest trades to make in situations where a stock gets extremely overheated or oversold. Even more so when it's because of a fad and magic words like "AI". Often times, a stock that goes parabolic to the upside will come fill a lower gap back down to or near the area it was before it exploded. That will usually mark a pivot zone and massive buy in opportunity.
If you want to see what the future is for SMCI, change to weekly candles, or even monthly. You're looking at a stock that was well beyond "overbought" no matter the timeframe you look at. Best case is that it sits in the $200-$300 range for a year or two. What's not likely to happen is another explosion upward like the one in 2023. The only thing that will likely cause that is some sort of massive stimulus event that affects the whole market. SMCI is in a cool down phase, and I doubt its a quick one. For the sake of those who already jumped in, I surely hope I'm wrong and will celebrate my wrongness with you if I am.
I don't do any of that. I just YOLO into random stonks.
I've been noting a lot of attention on PYPL. Near 52 Wk Low and looks to have a typically decent bounce at this level. I don't read charts quite as well as ya'll but it looks like an opportunity.
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