Comments on: Swing Trade Ideas 7-7-23

By: Jspassar767

Jspassar767 — Mon, 10 Jul 2023 16:27:28 +0000

In reply to rsotc. thank you!

By: rsotc

rsotc — Mon, 10 Jul 2023 13:52:23 +0000

In reply to Jspassar767. Both PTON & BNGO are clearly in primary downtrends although both have positive divergences & minor downtrend lines just above, in which to trigger objective long entries, if & when taken out. Max current target for PTON, assuming it breaks out soon, would be 18 with the marked levels below that the initial targets. Don't forget to scrub any potential or current trades for their next earnings date as we just kicked off earnings season. Charts below. G-luck

By: dbaldor

dbaldor — Sat, 08 Jul 2023 03:54:02 +0000

Hi Randy, Can you provide update on some of the oil etfs when you have a chance? OIH looks like it might be breaking out.

By: Jspassar767

Jspassar767 — Fri, 07 Jul 2023 20:48:04 +0000

Randy since we are in the “buy the crap”
phase of this market, would love you to look at PTON and a penny stock BNGO.

By: artc

artc — Fri, 07 Jul 2023 20:05:01 +0000

Randy nailed the red close…Impressive!

By: rsotc

rsotc — Fri, 07 Jul 2023 19:51:20 +0000

In reply to devnat. I really don't have a strong opinion on Bitcoin but can say that GBTC is trading at the 20.66ish resistance with some pretty big negative divergences so unless the charts change significantly, I'll be looking for the next swing trade to be on the short vs. long side. Here's my daily chart.

By: rsotc

rsotc — Fri, 07 Jul 2023 19:42:39 +0000

In reply to trade0039.

Great question & that’s completely up to you. This is not a “follow me” site, rather I provide technical & trade ideas. It is up to each individual to decide how to incorporate that analysis into their own trading & investing (or learning process) as well as whether or not to take any of the trade ideas that mesh with their own unique trading style, risk tolerance, objectives, and outlook on that particular security.

I do my best to highlight which trade ideas that I feel should be considered aggressive and/or counter-trend trades & therefore may carry additional risks compared to other trades. I also try to to speak to how a particular trade may compliment a portfolio (trading account or longer-term trading account) or if & when that trade might be overlapping or adding additional exposure to a certain sector or index (e.g. – semiconductors being highly correlated to the Nasdaq or the $VIX to the $SPX.)

Feel free to ask any questions regarding any trade idea, whether it is something I posted or something else you are watching/trading.

By: devnat

devnat — Fri, 07 Jul 2023 18:34:57 +0000

Randy, thanks for the update on Gold. Can you please take a look at BTC? it has been consolidating between 30 and 31 K for a while now

By: trade0039

trade0039 — Fri, 07 Jul 2023 18:14:32 +0000

Hello Randy,

On July 8th, you made a video on trade setups for $BYND!

On the same video, you also mentioned possible setups on other ticker such as on
$ALGN, MSFT, GOOGL, NVDA, RIVN, SIRI, EBAY AND ZOOM

How do we pick which one to trade? Are we suppose to trade all of these?

Thanks!