Add FUBO to the 24 list. Ideally I'd want the $1.65 - $2.00 range one more time. But I really like this chart even if it doesn't with a target of lower cup $5.00 and high end of larger cup $7.50 to $8.00. You have to look at this one on daily candles in log mode to appreciate it. Hard to determine a stop when wanting/expecting a sizeable drop. June bottom of $1.49 seems like a good place. From here that's pretty high risk, even with the high reward. So you make your own call. I don't really care about the fundamentals, its a technical play, but they have been inching closer to positive earnings over the past year with flat revenue after a big rev jump from 2022. Next earnings expectation is a sizeable jump in revenue. Liabilities are high with significant long term debt. I guess the fundamental hope is that guidance from earnings suggesting assets start growing again with increased revenue and a trend back toward positive earnings. Again.. doesn't much matter. We don't plan to hold long term, just profit from a technical move up and get stopped if it doesn't materialize.

Running list

OXY - Energy - O&G
SMCI - Tech - Hardware
AMD - Tech - Semiconductor
CRM - Tech - Software
CXM - Tech - Software
TLT - 20+ Year Treasury ETF
NOV - Energy - Equipment and Technology
TSLA - Consumer Discretionary - EV
TSN - Consumer Staples - Food
WHD - Energy - Equipment sales and rentals
UNFI - Consumer Staples - Distributor
MLCO - Consumer Discretionary - Gaming & Hospitality
DOW - Materials - Chemical
ASO - Consumer Discretionary - Retail
U - Tech - Software
FUBO - Communications - Sports/Streaming

Heineken-Ashi said:

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Wells Fargo is giving off massive sell signals on daily candles, and weekly is close to overbought as well. Extreme caution advised.

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As if you needed further conviction, $WFC is Cramer's #1 bank stock.

Inverse Cramer

ProgN said:

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Heineken-Ashi said:

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Wells Fargo is giving off massive sell signals on daily candles, and weekly is close to overbought as well. Extreme caution advised.

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As if you needed further conviction, $WFC is Cramer's #1 bank stock.

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That deserves the first Heineken bear

A big thank you to Prog and Heineken for their stock picks and teaching basic principles to the lemmings like myself.

It's good to see this thread at the top of the B&I board. Hope everyone has a prosperous 2024 and beyond!

Anastasia Beaverhaven said:

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A big thank you to Prog and Heineken for their stock picks and teaching basic principles to the lemmings like myself.

It's good to see this thread at the top of the B&I board. Hope everyone has a prosperous 2024 and beyond!

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Markets are unpredictable. Every single pick could fail. The big lesson should be in risk management, how to find support and resistance, and how to identify low risk high reward setups. They exist on every timeframe and can happen to any tradeable asset. I'm not OA. He's a wizard who is able to identify when something is about to take off and knows how to position a trade to maximize the move. I'm merely a swing trader who knows the levels I want to enter and the point where my confidence declines and I need to exit. And a lot of stops will reverse and you will kick yourself for missing it. Doesn't matter. Focus on high probability setups that allow you to enter with minimal risk.

confucius_ag said:

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Just got my first ocean freight rates for May.
China 20' up to $10500 from $4400 last month.

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Biden told me inflation is going down

sooo ZIM team assemble?

Boy Named Sue said:

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Chickened out, sold at 100% gain. Wish I would've taken a larger position this morning. I think this thing continues to run into close

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Good to see you counselor.