NVDA sidelined, NFLX trap, DUOL & HIMS await bull cycles, AMR testing support

Market focus remains on selective entries:

NVDA sidelined amid potential correction, NFLX shows short-term weakness, while DUOL and HIMS await confirmed bull cycles.

Meanwhile, AMR presents a historical bounce opportunity at key support.

1. $NVIDIA(NVDA)$

NVDA flat on the day. As I said last week, I’ve closed all fund positions and shelved the bullish thesis for now.

When the Monthly BX is red, it usually signals either compression or a correction.

Neither is an environment I want to trade in.

2. $Netflix(NFLX)$

This $NFLX bounce looks like a trap.

Big 2-week move up, but THT Monthly BX is still dark red and the short-term trend is down.

That combo often leads to another selloff.

I’ll wait for our long trigger instead of chasing.

3. $Duolingo, Inc.(DUOL)$

“Cheap” is not a reason to buy. $DUOL is a good example.

I’d rather enter late at the start of a clear bull cycle than nail the exact bottom.

Once we get confirmation of a true bottom, then I’ll look to go long.

4. $Hims & Hers Health Inc.(HIMS)$

HIMS is down ~70% since its Bull Cycle ended.

THT MBX flagged the end of the run in late October after a +400% multi year move.

Lesson: only trade long in bull cycles. Let everyone else try to catch bottoms while it’s still burning.

5. $Alpha Metallurgical Resources Inc(AMR)$

I’ve been rotating capital into $AMR.

THT MBX is green and price is currently testing bias support.

Historically, this level has produced a bounce about 75% of the time.

For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.

🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now

Find out more here.

Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.

Click to access the activity

Other helpful links:

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.