Good morning Pete,

CVNA, consumer cyclical,

Nice pause on low volume, MAs in harmony

ATR 14.99, Average true move around 30ish.

Currently on a range between 290-310,

I would look in to buying as it breaks the range

buy stop after breaking Flag pattern around and above the range 311.81

SL would be too wide if I use the range, so I might just do…

Read more

GM Pete!

CEG, in Utility sector

paused in area of resistance, after multiple gaps

during the pause I notice melted candles but in low volume,

ATR 11.58

MA 20 is above 200, but 50 is still bellow 200

This would be lower allocation as is not necessarily an optimal entry

Peers NEE, SO, XEL, EXC, DUK, ED

Thanks

Good Morning Pete!

TWLO in Technology industry

ATR 3.96

at resistance, MA alignment, paused in slightly lower volume

If today is an inside candle I will use it as a reference to enetrEntry

Peers RNG, FIVN, ZM , BAND, PD

Thanks

Good morning Pete,

APP

Tech sector

Broke resistance, had an inside day yesterday,

Has another level of resistance around 391,

Potential to the Upside

MA are aligned,

high price, so lower allocation for me, but showing accumulation, filled the gap

ATR 24.90

Average true move $30-$40

Peers: TTD, APPS, PUBM, GOOGL, META

RDDT

Communication services,…

Read more

Good morning Pete,

CELH, consumer defensive. Not exactly the most bullish sector but was the stock I found with a better entry( most are extended) this to be consider for sizing my position

ATR 1.81

MA align but 200 still tilting down

Hitting resist, nice cup and handle

Next resist around 49.

Earnings in rear mirror

Volume below average

I’m looking for…

Read more

Good morning Pete,

RBLX, IN COMMUNICATION SERVISES SECTOR,

cup and handle, MA alignment,

decreased vomume in the pause and

hitting a resistance but far from all time highs,

ATR 2.82

ENTRY AT 74.81

SL: 70.55

Add: 80.45

Thank you

Good Morning Pete,

IBKR, in the financial sector

At resistance, Inverted head and shoulder, low vol in the pause

Next resist 193 with potential to the upside

ATR 7.61

EARNINGS are behind

20 MA crossing 200 MA

Peers JPM, GS, MS, SCHW

Good morning Pete,

I’m looking at WFC financial sector, currently at resistance, nice pause with low volume

20MA about to cross 200 MA

earnings are behind

ATR 2.35

Entry at 74.77

SL: 72.11

Add shares 79.47, but that could be to close to all time high of 81.54

Peers: JPM, BAC, C, GS

Also looking at

RL, consumer cyclical

ATR 9.86

at resistance, YESTERDAY…

Read more

Hi Pete:

DOCU, in technology, is in a downtrend but I’m looking for a breakout of the downtrent but also a resistance level, it’s making higher lows, price above all MAs, 20 still below 50 but both 20 and 50 are above 200 MA. The current pause is in low volume.

ATR 3.35.

Entry: When price breaks 83.86

Stop loss 80.45

Add shares 90.56

Next…

Read more