by adammesh | May 15, 2023 | News
As a continuation from Friday’s video, we wanted to expand on our trade idea from that day. In our last video, we had pointed out the two clear trend lines on the stock that are pretty evenly split when it comes to which could be tested. This has given traders two...
by adammesh | May 11, 2023 | News
It’s Friday and because it’s Friday, figured why not provide you with a no nonsense trade, curtesy of Alibaba (BABA). While the setup up may be straight forward, the trade is not. However, in this case the trade takes a back seat to the setup. As you can see by the...
by adammesh | May 10, 2023 | News
Stocks surged on the back of the news that CPI came in at 4.9%, its lowest level in two years, giving the market a second wind to perhaps finally breakout of the consolidation are we found ourselves in. As of now, this news has been seen as extremely bullish, however,...
by adammesh | May 9, 2023 | News
All eyes are still fixed on the banking industry as more banks decline or climb in the wake of more failures. However, the bank at the focus of today’s stock pick is not one of those that is in danger of collapsing, at least not yet that we know of. M&T Bank...
by adammesh | May 8, 2023 | News
Despite a massive surge in price starting last summer, Wynn Resorts (WYNN) looks to be developing a bearish pattern that could signal the end of this rally. Coming out of the pandemic, casinos began to make a speedy recovery as customers returned to the hotel and...
by adammesh | May 5, 2023 | News
As we always say, trading is mostly about keeping it simple. Not confusing yourself with a multitude of different indicators or a complex strategy that’s difficult to replicate day in and day out. That’t exactly why my students and I stick to the basics when it comes...
by adammesh | May 4, 2023 | News
One of our favorite stocks to trade has finally come up to an old resistance level, signaling there could be another retreat from this level. Given the weakness of the market after yesterday’s FOMC meeting, this could be another rejection in the making. Couple that...
by adammesh | Apr 27, 2023 | News
After reporting better-than-expected earnings, Northrop Grumman (NOC) took a nasty spill. After falling toward support around 440 the stock started a bit of a bounce Thursday morning. This move could be a relief bounce or it could be a reversal higher as buyers set...
by adammesh | Apr 26, 2023 | News
Over the past month, our stock in focus today has risen and fallen, creating a well-defined channel with a floor and ceiling traders can use as a guardrail for the time being. Up 3% during the last 30 days, price has recently rejected of the top range of the channel,...
by adammesh | Apr 25, 2023 | News
Today’s trade setup has multiple layers to why it could be a great swing trade in the making. First, we have a major level to watch. This level has proved itself to be a meaningful one several times over the past few months. The level 300 has acted as resistance for...
