The market continues to show incredible strength in the face of uncertainty. Stimulus talks progress goes from good to bad to good to bad, but, the Fed is at the helm providing huge liquidity and interest rates near 0. So, while we have run, still time for some bullish charts:
$ADPT. Grinding up nicely. Broke through initial resistance near $48, now on its way to test $55.23 level. Remember, med tech is very strong even in market corrections!
$OSTK. Had an incredible run this year, but trades at a super cheap valuation now compared to others in the same space, less than 2x P/S. Getting ready to move up to $94.73 area after breaking out of mini-pennant!
$AMZN. This one truly loves this range box. Over $3342 can easily run back to $3550 level. Prime day next week also, and we know how that usually goes...!
$API. First decent move after over a month of downtrend. Shoutout to @themissinglinks for putting this name back on my radar! $52 wouldn't be hard to get to at all!
$TCNNF. Huge breakout of pennant since my chart post last week! Have to shoutout @WallStUnicorn every time I mention this name. These cannabis plays, along with solar, should continue to run heavily into the election.
$CELH. Getting ready to beast mode once it breaks out of this consolidation wedge. Once again, shoutout to @jsteirnbiz for making me a believer in this name and as the Pounder's Thesis Pick!
$COUP. Has had a wonderful run since my entry and chart post at $276. Looks like it's going to beeline to 319, and then 355, similar to the move $TTD had, so $392 continues to be my short-term target.
$CRSP. Great news with their founders receiving the Nobel Prize in Chemistry. Looks like this one finally has the attention and juice to make big moves. $119 soon.
$DAO. Big move since last chart post at $27. Next stop $36. Great long-term growth prospects so this is a long term investment for me for a few years.
$DDOG. The dog is barking, and someone definitely let him out... $123 just a few days away imo. The recent partnership with Microsoft is massive for it.
$DOCU. Getting reallllyyyyy tight here. Looks identical to $FSLY a few weeks ago, and we know how that turned out! $231 close over and we have a big run.
$ETSY. Finally got the run it so deserved after being added to the S&P500! Compared to the other e-commerce names, this one is a much better valuation today imo. Long, going to $169.
$EXAS. Big breakout on news a few weeks ago. Let's see how quick it can fill this chart out to hit $124. Might be like $TXG once it breaks...
$FLGT. We wait, and we wait, and we wait! Patience and conviction are only everything. Will move like $EXPI did once through highs imo.
$FOUR. A great long-term growth company imo, holding this one long. Quick move can happen as it's a recent ipo to $65.
$FSLY. As @highyield6 says, this is the $NVDA type stock of a few years ago. I agree with him. $200 may happen faster than anyone thinks... $132, $147 first.
$FUTU. Nice breakout, similar to $DAO's, after a few weeks of downtrending. Market is beginning to price in the possibility of a Biden win, allowing China stocks to finally turn up, same as cannabis and solar. Great rev and EPS beats recently, going higher.
$GOOGL. The silent killer. Lagging all the other big cap but one of the best in class. Closed over $1500 Friday so now this thing can get some legs. Over $1531 and its going to rip hard. You know Softbank loaded the heck out of calls on this one.
$GRWG. Breaking out of the box like OVECHKIN! See if it breaks that $19.6 area, then highs are in the cards.
$INMD. Into the gap after a long, steady grind higher, $48 earnings high next!
$LVGO. My 2nd favorite stock in the entire market. Once this breaks $150 the move will be faster than Usain Bolt. $187 will happen so so fast after it. That $150 level is a beast massive Godzilla Thanos Snap level (TM lol). Goes to $1,000 in 5-10 years.
$MDB. Let's get going to $307. The move can be as swift as the one $TTD had. A lot of names in the same mental basket for investors as $TTD, get ready.
$MELI. If $SHOP is a $1,000 stock, $MELI should be a $2,000 stock, and you will see in time... For now, watch the $1,270 level. It has an incredible move brewing once it breaks that earnings high level.
$NNOX. Finally enough data to do a decent-is chart on this name. Should run into the demo presentation beginning of December. I bet it's well over $50 by then. Long since $20.
$NOW. Probably one of the most undervalued, best in class cloud names that exist. $551 coming with speed after this beautiful close on Friday!
$OTRK. Consolidating after a huge move. Very very nice long term growth prospects as posted by my friend @PatternProfits a few days go! Over $84 can move like butter with all the shorts on this one.
$PINS. Biggie Biggie Biggie, can't you see, sometimes these pennants just hypnotize me! I love $ETSY, so naturally, I have to love this name too. $48 sooner than later!
$RDFN. As a company, this beast is going to take a big chunk of the Real Estate market selling space. Getting ready for a big and quick move as well.
$RKT. Stocks with 19% short interest sometimes require volume shelves to see what level will let it explode. For this one. $25 break sends it to all time highs. Should be worth $50 today, silly people can't value things properly. They will be wrong, numbers don't lie.
$SE. Release the KRACKEN of the SEA. Getting ready to move to my $184 level. Once again, my longest long as it's going to $1000 in the next 5 years, maybe sooner.
$SHOP. Nice zig-zag after a massive run. Getting ready to run to $1,377.
$TSLA. Getting ready to beast move soon to $502. I mean, it's so clear to me this stock gets back to $2,500 in 5 years or so. Give it time, it's ran so so much but what are valuations these days anyway for world-changing hugely growing companies!
That's all for charts, but I want to give a huge shoutout to @TrendSpider for this amazing platform I have become obsessed with, clearly. On Friday, I reached 252% gains YTD. After trading for 6 years everyday, something just clicked this year....
...I wanted to thank some people who have taught me so much. A huge shoutout to @saxena_puru and @OphirGottlieb for truly teaching how to understand companies that are growing incredibly and have the potential to disrupt the world....
...Last, but surely not least in any way, a massive shoutout to @smartertrader for being a mentor and almost like a second father to me ever since I really began trading. I would in no way be here without all the support and time from him. Thank you Sammy...
...I also must reiterate this: If you want to be a very successful long-term investor, to be the best, you better be a trader too. Picking the best companies to invest in is one thing, but knowing when to enter, when to trim, when to rebalance and exit, make all the difference.
You can follow @AnthonyOhayon.
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