Trader_Kaji

Trader_Kaji

MOH (Biotech stock) has been consolidating tightly at ATH. There is clear R/S in this name despite the recent market weakness. On the 65m chart, MOH cleared the HVN above 172 and looks primed for continuation next week. Went long at the HVN break and above the intraday higher high. Entry - 172.96 Stop Loss - 165 Target - 200 I will continue to update this...

Trader_Kaji Updated 

Yesterday, I pointed out this flag pattern forming on BGS on the 65m timeframe. BGS had broken out and had been consolidating tightly. This was a potential short squeeze candidate as BGS has a 26% short interest. I was looking at buying this stock above 19.30 and the trade triggered right at the open today. Entry - 19.49 Stop Loss - 18.48 Target - 25 After...

Trader_Kaji Updated 

MRSN is right at the 52 week highs and forming a tight flag pattern . My plan was to get long above 9.50, clearing the HVN, with a stop loss below 8.48. Entry - 9.52 Stop Loss - 8.48 Target - 12.50 I am planning on taking small profits above 10 and holding the rest with the trend.

Trader_Kaji Updated 

Due to the current crisis, I have been focusing on relative strength names to take long positions. The choice of choosing relative strength names to buy is imperative in the current market conditions; while there are a lot of companies suffering from the current crisis, there are also companies flourishing. My current holdings, DOCU and KR, are both strong...

Trader_Kaji Updated 

KR has been consolidating sideways for the last 2 weeks and is a relative strength name in this current market. This trade triggered above 32.65 and I took this trade last Thursday. Interestingly, KR also has a great entry opportunity on Friday when it retested the breakout area perfectly and raised near HOD at the close. Entry - 32.69 Stop Loss - 31.95 Target - 35

Trader_Kaji Updated 

Gold has been consolidating right above the recent highs, since bottoming out last month, and looks prime for a breakout. I went long this morning right at the open on the gap up. Really like this pattern occurring in GOLD which could pick up some momentum near term. GDX is also a valid play for less risk. Entry - 12.10 Stop loss - 10.90 Target - 14/17.50

Trader_Kaji

The last two days of action in the indexes have definitely brought us, once again, to an important crossroads. Yesterday's bearish action broke down the short term uptrend on all major indexes meaning we are now in neutral territory on the short term trend. Now is the time for caution and to see what direction the markets are headed next. After rolling over...

Trader_Kaji

Gold has been a very volatile commodity last month but looks like a recovery is in the midst, $NUGT looks good for another leg up here. Long above 12 with a stop loss at 10.48. APT, a coronavirus play, has been consolidating right above the rising 5DMA. I think APT is right about to lift here. Good above 14.75 with a stop loss at 12.85. WMS, a utility...

Trader_Kaji Updated 

TNDM has been on my watchlist for a long trade and today the trade triggered. Ever since bouncing from 44 lows to 70 TNDM has been consolidating sideways and formed a solid Ascending Triangle pattern. This pattern is also right under the 50DMA making this a potentially powerful breakout. I also like the fact TNDM is holding above the rising 5DMA. Entry -...

Trader_Kaji Updated 

Before starting off this stock market analysis, I highly recommend listening a new podcast by Tom Canfield (@Canny4) and Joe Fahmy (@jfahmy) called The Market Rant. Very raw and informative. You'll definitely find some value in this podcast. www.youtube.com Since the last stock market analysis, I had thought markets were starting to rollover and the uptrend...

Trader_Kaji Updated 

This is not my typical type of setup, however the prospects of GILD look very inciting. GILD is currently working on a coronavirus vaccine and is the closest to having a FDA approved vaccine in the future. Any positive announcements could cause GILD to spike in price as coronavirus fears continue. On the weekly chart, there is clear bottoming price action...

Trader_Kaji

The last 3 trading days since the last analysis, we have seen more of the same bullish action. Many stocks, especially the NASDAQs, techs, and biotechs, were breaking out and running wild. I was able to catch some of the action with a DOCU long last week. However, there are some red flags popping up that could indicate that the uptrend is now terminating. ...

Trader_Kaji Updated 

DOCU has been on my watchlist since last week and we are finally seeing some bullish price action for a possible move higher. DOCU has been resilient throughout this bear market has a clear line trendline acting as support. Last week, DOCU broke out but failed to hold above the trendline. This week, DOCU spikes above and held the trendline twice. I am getting...

Trader_Kaji Updated 

AHPI has been a hot stock recently due to it's benefit from the COVID-19 pandemic. AHPI produces ventilators which is obviously in high demand right now. Late Feburary, AHPI broke out but could not upkeep this powerful up move and instead consolidated sideways since then. This is very common for low float stocks such as AHPI. What impresses me the most...

Trader_Kaji

Every few days I make it a habit to post my thought of the market conditions and my thought process as a swing trader. The point of this analysis is when I am analyzing my performance, I can look back to see what I was thinking and what kind of improvements should be made to my analysis. So far it has been extremely beneficial to write down my thought and...

Trader_Kaji Updated 

ZS has been showing some impressive relative strength lately due to it's impressive bounce from the low. Despite the large retracement, ZS has been in a state of sideways consolidation and formed a symmetric triangle on the 30m timeframe. This triangle is also forming right below the 52 week highs. If ZS breaks out, the impending move could be powerful. ...

Trader_Kaji Updated 

Friday, GSX experienced heavy selling throughout the day with a nearly 15% drawdown by the end of day. Throughout the bear market, GSX has been resilient and is considered relatively strong compared to other sector stocks. This changed however when GSX clearly broke a support level at 34.50 on heavy volume Friday. Despite the bullish price action in the...

Trader_Kaji

During the writing of this analysis, S&P futures are currently up 3.45%. We shall see where this potential gap up in the markets will take us tomorrow. In terms of fundamentals, nothing much as changed. I think markets are still trying to digest the effects of the stimulus and how the virus will impact the economy in the long term. First lets look at SPY...