Completed Trades – Long – Right Side Of The Chart

BYND Beyond Meat Trade Update 5-20-26

rsotc — Wed, 20 May 2026 15:24:41 +0000

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/NG UNG Next Price Target Hit ~16% Profit

rsotc — Tue, 19 May 2026 18:47:49 +0000

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/NQ & QQQ Objective Re-Reversal Levels 5-19-26

rsotc — Tue, 19 May 2026 17:41:53 +0000

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IGV Software Sector ETF Update 5-14-26

rsotc — Thu, 14 May 2026 13:46:30 +0000

@b-right asked for an update on the software stocks & I figured that I’d post it on a new homepage post for others that might be interested. I’ve highlighted two objective long entries on IGV (Software Index ETF), the first on March 2nd, calling for a bounce as long as QQQ remained above its 200-day moving averages (which it did until March 20th), although the rally in IGV fell a little shy of my downtrend line backtest target (but still a 16% rally off that 76.16 support & divergent low).

After the Q’s clearly lost their 200-day MA’s & then the bottom of the multi-month trading range to fall & hit T2 on the daily chart, that broad-based selloff took IGV & the software (tech) stocks down for a new 52-week low. On April 10th, the very day IGV bottomed, I once again highlighted it as one of my favorite longs, stating:

“If so, & the market is able to breakout to new highs & hold (and build on) that breakout, IGV is one of the better looking sectors, IMO, & will likely outperform the broad market & QQQ.”

From there, IGV rallied 25% so far vs. a 17% gain in QQQ over the same time period and a 9% gain in the broad market (i.e., the S&P 500), solidly outperforming both. At this time, my maximum upside target is the 94.43 price resistance level & intersecting 200-day MA, although negative divergence on the RSI & overbought conditions indicate the likelihood of at least a correction before then, as well as the potential that the 25% bear market rally may have run its course.

Should IGV pull back before rallying to that max. potential target which comes in around 7% above, other than the current support level it is currently testing (around 88), the next support level & objective long entry (assuming the charts of both IGV & QQQ confirm, at that time) would be the 83.50ish support level. Previous (March 2nd, April 10th & April 14th) followed by the updated daily chart below.

IGV-daily-March-2nd

IGV-daily-April-10th

IGV daily April 14th

IGV daily May 14th

ABT Abbott Labs Stopped Hit For 7% Loss 5-12-26

rsotc — Tue, 12 May 2026 13:50:45 +0000

The ABT (Abbott Labs) swing trade closed at 84.32 on Friday, triggering the suggested stop for a 7% loss & will now be moved to the Completed Trade archives. Previous (April 30th) & updated daily charts below.

ABT daily April 30th

ABT daily May 12th

For those still long the stock, my thoughts were shared in this reply earlier today: https://rightsideofthechart.com/shipping-sector-swing-trade-ideas-5-11-26/#comment-38997

KHC Kraft Heinz 1st Price Target Hit 5-6-26

rsotc — Wed, 06 May 2026 17:01:27 +0000

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ABT Abbott Labs Swing Trade Idea 4-30-26

rsotc — Thu, 30 Apr 2026 19:06:07 +0000

While I didn’t get down this far when covering the chart of the top components of XLV (healthcare sector ETF) in the video that I just posted, ABT (Abbott Laboratories), the 9th largest component of XLV by market-cap, offers an objective long entry here at long-term support (see weekly chart) and/or on a breakout above the downtrend line. Price targets & suggested stop shown on the daily chart below, with T3 likely to come in around a backtest of the 200-day MA’s, assuming this trade pans out in the coming months.

ABT daily April 30th

I’ve decided to suggest a relatively tight stop (relative to the profit potential for the final price target, T3), as the stock is currently testing key long-term support of the intersecting 90ish price support & the primary uptrend line off the 2011 lows. Also worth noting is the fact that ABT is at the most oversold reading on the weekly RSI (21.17) since its bear market low back in 2002, with the stock gaining 980% from there.

ABT weekly April 30th

If interested in ABT and/or any other healthcare stocks, check out the video posted earlier today for the key levels & developments to watch for in XLV & some of the other top components.

BYND 2nd Price Target Hit 81% Profit 4-21-26

rsotc — Tue, 21 Apr 2026 13:40:06 +0000

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BYND 1st Price Target Hit for 36% Profit 4-20-24

rsotc — Mon, 20 Apr 2026 23:15:13 +0000

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/NQ Nasdaq Futures Price Target Hit, Objective Reversal Point

rsotc — Tue, 07 Apr 2026 22:31:55 +0000

/NQ (Nasdaq 100 futures) has just hit my bounce target (the primary downtrend line off the all-time highs & just shy of 25kish resistance level) posted last Thursday at the lows, with an essentially perfect entry as with the previous short trade posted just before that. As such, this offers an objective level to close out any longs and or reverse back to short on this test of the downtrend line (resistance) from below, as well as negative divergences on this 60-minute time frame. Stops should be commensurate with one’s average entry price & price target(s). The two previously posted (April 1st & April 2nd), followed by the updated 60-minute chart below.

NQ 60m April 1st

NQ 60m April 2nd

NQ 60m April 7th

Ditto for QQQ or any of the inverse or leveraged variations for ETF traders (as well as the smaller /MNQ Micro contract for futures traders, which trades off the same price levels as my /NQ charts, only using a smaller multiplier/leverage factor).