$Archer Aviation Inc.(ACHR)$ i m in the money but I am approaching with caution to add and in fact taking some profits along the way could be good idea. The monthly timeframe suggests that we are trading in the middle of distribution, despite the recent run up, it could well sell off again. Any thoughts pls share thank u!
$SATS LTD.(S58.SI)$ got in as was expecting a breakout which didn't happened immediately. It took another 3 weeks of selling (retest) before bouncing back and now this week close looks like a more genuine breakout! Will it retest the boundary, nobody knows for sure.
$SATS LTD.(S58.SI)$ If you look at the monthly time frame, the candle stick looks to close strongly above the side ways structure, on the weekly chart it needs to close min above $3 to confirm the breakout is at least still in tact. This week close is important if you trading these two time frames. I took an early position last week and will add if the breakout this week at the weekly timeframe confirms it. Above also highlights the flaw of purely using candle sticks to trade. I am bullish partly to FA and TA, all the best if you are monitoring this stock.
Long #STLA on strong Sector and Industry. Performance. I picked STLA as the higher time frame weekly chart had a three bar congestion and a weekly breakout which suggests a monthly breakout trend. That is the structure was more positioned for a breakout than others. To note on the monthly charts, long term trend is in huge sideways structure and we are trading in middle of value area. Risky but the resistance suggest a possible 20% upside. As long as the trend is up on the weekly and monthly, I would hold until price action suggest otherwise. Await this month qtrly results. #swingtrading
Currently long #baba #dada #nue #eh and more recently #pton I am a Swing Trader with my foundation based on Ray Barros's 4 Phase Methodology. Been in the market about 7 years and only 2 years ago began a more serious systematic and discretionary approach to the market. Hope you enjoy my sharing.