RedKTrader

RedKTrader May 28

In the last 2 weeks, MSFT broke above 2 major pivot levels $448 and $455 – that’s just 4 weeks after hitting a 52-week low on April 7th Some would say that this represents huge momentum – and that the stock is ready for a major breakout above all-time high level and fly above $470 I have 4 issues with that view – that I need the stock to go through first and...

RedKTrader May 2

UBER quarterly earnings may be the catalyst we need to register a new 52wk High, and breakout to a new price range if the breakout happens, most traders will be looking at a TP target of around ~$100 to $105 , with SL $75 for a conservative 2:1 R/R. However, broader market conditions are not that encouraging so that move may take longer to happen, if it...

RedKTrader May 2

Stock analysis coming this week from various sources saying "Time to Pull The Trigger on NVDA" .. Is it ? Let's take a quick look .. - NVDA has recently formed the famous VCP (Volatility Contraction Pattern) - a good sign for a possible breakout soon - but the VCP is forming below the 50SMA (blue) and 100SMA(gray) lines - also there's a "supply pocket" (white...

RedKTrader May 1

My previous analysis on this same chart was obsoleted by the Tariffs announcement on "Liberation Day" - which caused the (tech) market to accelerate the drop down to almost 25% in the week of April 2 SO here's the updated view after "some recovery" from that low. For better visibility, i hid the price (as a faint blue line) so i can focus on the signals that *are...

RedKTrader Mar 15

This is just a quick weekend analysis to help understand what's going on on the chart and prepare for what may come next. So many tech investors got caught by a fast and vicious correction (slightly exceeding -14% from recent top) - Traders should have got out of the market earlier once the prior low / support was broken, but maybe it's not too late. there's a...

RedKTrader Updated  Jun 5, 2024

I was hoping for the stock split and it is finally here .. so here's the chart i will be watching (and trading) for the next 2 weeks - thought to share with other traders who like splits (like me ;) ) .. I love stock splits because _ with big names like AAPL, TSLA, NVDA..etc, they generate so much hype and excitement that a split announcement presents a wonderful...

RedKTrader Jan 15, 2024

IMHO, the best AI play out there is not NVDA or AMD or GOOG .. it's MSFT my thesis? they have the most well-defined revenue stream (net new revenue) from selling the new as copilot subscription attached to O365/W365, also on Azure platform, and also attached to CRM and other S/W offerings. MSFT is an aggressive selling machine: If you know how aggressive MSFT is...

RedKTrader Oct 31, 2023

Sometimes it helps to zoom out and look at these names from a distance. we look at a view that's totally different from the daily or 30min charts we're staring at all day long, to just break away from the daily noise. This is a view of my "big 4" - looking at ==================================== * weekly chart, Renko, $1 blocks * 1 Year of data * Most common...

RedKTrader Oct 26, 2023

Just thinking aloud .. There's this repeating pattern in the NASDAQ - but overall we're very news & macro-driven .. stomach this pain and not react to short-term moves.. until the situation completely resolves which won't be before late Q4 and 2024Q1 stay safe, well and healthy.

RedKTrader Updated  Oct 11, 2023

The leader is back! This is one of the prettiest charts to look at.. and GOOG is a main component of my portfolio. an interesting observation on super big volume trading days is that most of them recently are associated with days where the price didn't break the prior bar's low .. this is a good sign of accumulation. big money buying in relative short-term...

RedKTrader Jun 21, 2023

I like ONON here and it looks to be setting up nicely - Need price and short term MA's (yellow line is 10SMA and magenta line is 20SMA) to climb again above the 50day SMA (blue line) - and that would be a good entry for a possible new leg up from what may look like a 2nd bull flag. but here's the tip for this post: If you use K-MACD, you can see how extended the...

RedKTrader Mar 29, 2023

Here's an easy chart analysis "hack" to help pick price levels to trade during the (hopefully expected) 2023 market recovery ... .... and ... it's just this, it's a hack - not a prediction and definitely not a trading advice :) In this hack, we make a couple of (bold) assumptions -------------------------------------------------------------------- 1 - that the...

RedKTrader Mar 21, 2023

AAPL this week breaks above the key $155 - $156 resistance level but there are couple of reasons why i would wait for a better entry * Volume this week is low - not a good sign that supports a genuine up-move * MACD and Strength are in divergence with price * Macro / Market: This week's FED rate decision (and the reaction to it) will affect the market -...

RedKTrader Feb 24, 2023

Quick Chart Reading on the QQQ's the QQQ's opened today with a relatively large gap down - later in the day price action is shaping to be what looks like a tight spread - for the optimistic ones (like me), if you really stretch the bull flag, we're still within a bull flag formation from the early Feb highs - a good sign is, the QQQ's seems to want to stay...

RedKTrader Feb 24, 2023

I just posted a note on the power of using Renko charts in preparing for a position - linked to this one. NET (Cloudflare) is on my watchlist for new positions. Had a quick trade on NET around the earnings earlier this month - and i'm now watching the chart for the next trade. would like to share some details showing another example of the power of Renko...

RedKTrader Feb 24, 2023

This is not a chart reading - and i'll keep it super short ... this is just a quick reminder that we have many powerful tools that we can use to enhance our analysis and trading outcomes.. too many that we sometimes forget to use them. The above chart shows a great example of that .. I was going thru the daily analysis and thought i should share this note with...

RedKTrader Feb 23, 2023

PINS may be on the move ... but has to first contend with 2 heavy congestion zones ahead. This chart reading uses MA's, simple VPA (Volume Price Analysis), MACD/Momentum and "built-in" Bar Strength analysis The weekly view is much easier to see given the high volatility on the daily TF .. there's finally some positive sentiment building up on the weekly - the...

RedKTrader Dec 29, 2022

Early Happy New Year 2023 ... Using the slow "down" time to "sharpen the saw" and prep for a strong recovery sometime in 2023 here are some of my top candidates for the 2023 watchlist to keep an eye on. what's common between these names? can you spot the similarities / theme between them? * The blue line is the SMA200 - and all 4 have already recovered above...