Not my usual setup but offers a good R/R for Mean reversion to the previous lows. Two heavy flushes to the downside + Market winds to downside have pushed this stock down rapidly to oversold area. Position Open: 1.98 Risk: 1.95 Target: 2.5 Trade Open.
This stock has been lagging it's peers due to weaker fundamentals. The energy sector is still strong, with no sympathy for BPT as of yet. BPT currently at a key support level showing strength and forming higher lows, entry for low risk high RR. Trade Open: 1.48 Risk: 1.45 Target: 1.7, will follow with stop beyond this level Trade Active
The stock has broken out of it's downward trend and side winding at the moment, there is a strong possibility for a mean reversion play - not the best RR but the probability of a mean reversion move is higher on this stock. Market conditions still make bullish trades difficult. I had bought and sold the previous support and now looking for a longer uptrend. Stop...
Sezzle Inc has a low market cap now of $500M due to recent sell off of BNPL sector. Recently generating investment of $250M to expand USA/Canada and due for some press release which would easily see this stock shoot upwards. Currently the downtrend / pain is firm, not sure if it will go as low as $2 but if it was time to bounce it is reaching last year's highs...
Coal has a fundamental demand with a strong technical uptrend. Current drop from recent highs of $3.6 looks ready to resume with strong support at $2.3. Fundamentals: N/A Technical: Support @ $2.3 and break above market structure at $2.6 Starter was taken at $2.3 now at full size with break above $2.6. Target: $2.75 - $2.80
Hit by fears of inflation and now fears of Omicron (the transformer). Looking like an easy long for a bounce towards $100. MACD showing a move towards zero line. Tight stop at current low of $92.70 Large market cap straying too far from it's True Range. Already green on this trade but would be nice to get at least another $3.