Unmasking the Bear's Footprint - Is There Still Room for Growth?
Watch the video extracted from the live session on 18 Jul 2023 below to find out the following:
The only essential element to confirm if the bull or bear is winning.
The outperforming sector to focus on maximizing the return
The red flag for a trend reversal to watch out for
The price target for S&P 500 $S&P 500(.SPX)$ and Nasdaq 100 $NASDAQ(.IXIC)$
And a lot more
The bullish vs. bearish setup is 639 to 98 from the screenshot of my stock screener below pointing to a positive market environment. @TigerStars
Both the long-term and the short-term market breadth are pointing to a sustainable rally (e.g. buy on dip is back) with strength.
13 “low hanging fruits” ( $Axcelis(ACLS)$ , $Uber(UBER)$ , etc…) trade entries setup + 25 others ( $Unity Software Inc.(U)$ , $Petiq Inc.(PETQ)$ , etc…) plus 17 “wait and hold” candidates have been discussed during the live webinar. Click to visit TradePrecise.com to find out the top 3 unknown stocks ready to soar for free via email.
A “Good Problem” from A Member
Below is a screenshot from a member.
And here is her problem: how to maximize the profit while only focusing on the “strongest stocks” among a few dozen of decent trade setups? This is indeed a “good problem” to have in the current market environment.
Perhaps some would think that she could focus on the top 5 stocks and scale in to maximize the return while scaling out the rest of the stocks. This makes sense only if there are valid setups that show up in the top 5, else this will only increase the risk.
At this point, it is essential to re-assess the trading plan.
Short-term swing trade or long-term swing trade?
Are you comfortable switching to a position trade to aim for a higher target price and managing accordingly? This will involve allowing a higher drawdown if the stocks have a meaningful pullback.
Could you redeploy the money stuck in those underperformed stocks back to those that trigger your setup?
The answers to the questions above are different for everyone. Therefore the trading plan will be different based on the risk profile and the adopted tactics according to the market environment.
Let me know what would you do if you are the owner of the portfolio above.
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.
AI is going to move things along even faster and will be another catalyst in Unity's growth. Here's to $50 and Beyond!!!
If anyone can be profitable is this business is UBER because of it's scale. In few years UBER will be a monopoly for food delivery and tax rides. When everyone tells you that this can be 200$ stock by the end of the decade just buy and wait
Uber - best play for 2023 - 2024. And if you're smart you're buying in today - Hand over Fist to watch stock climb going into upcoming quarterly report.
Unity (U) will surge after a blow-out earnings report and scorch shorts like CVNA is doing.
Uber stock continues higher over the next 12 months ,you MUST have patience