NoFOMO_

NoFOMO_ Updated 

The market is selling of and we are witnessing a brutal drop on Reddit, arguably the best recent IPO. I fully expect the downtrend to continue. I did warn traders and investors that we will have a large drop in tech, particularly in names like Monday, Tesla. Smart money was positioning in safer names like Nestle, please look at my trade idea for that. I do like...

NoFOMO_

89k is a key area here, if Bitcoin fails to flip this level I think it’ll mark the end of the bull cycle. This entire move up looks like the final 5th Wave according to my count. This would mark the end of crypto bull cycle. But this could be invalidated if we break past 90k with strong volume. If we observe the previous 5 Wave move down during the last peak,...

NoFOMO_

40% revenue growth quarter after quarter, these guys are the real deal. The stock price reflects the aggressive growth made by AppLovin. Unless there is some serious accounting fraud going on, this is the type of stock you buy on the dip for the next leg up. I entered a swing trade at the confluence of 200 Day moving average and the golden pocket fibonacci level...

NoFOMO_

Watch ETH closely at $1800, this is a good risk to reward trade for the bounce. Stop loss in place in case the golden pocket Fibonacci ratio doesn’t hold. I have this has the final 5th wave correction. I’m also seeing signs of support on the Nasdaq on the 0.382 fib and somewhat of a bounce on the 15 min chart. Not financial advice, purely for educational purposes.

NoFOMO_

As they say, the trend is your friend. We are witnessing a very strong move down on Deckers, despite it's excellent growth in UGG and Hoka, sales are slowing as inventory has failed to meet demands. This a good problem as the company can fix their supply and demand equilibrium, the management are known for under promising and over delivering. I see Deckers as one...

NoFOMO_

Semiconductors are a highly cyclical investment. Small to mid cap names in this industry are particularly vulnerable to large drops, as we can see with ONTO. This presents an excellent investment opportunity for those brave investors willing to take a small position and dollar cost average down as the price continues to fall. ONTO is at the top of my list in...

NoFOMO_ Updated 

I think Eth should show a bottom here around $2000. If that is the case, I expect a strong move up in Eth related Layer 2 coins including the likes of IMX. Posting my swing trade ideas here, buying the VAL and trading this up to the POC and potentially VAH.

NoFOMO_ Updated 

Election spending sent earnings and the stock price to extremely exaggerated valuations. Now that the stock has been pummeled, what will be the next major driver for growth for this Wall St darling? They need to watch over their shoulder as AppLovin is looking to mount a challenge. We are approaching an area of support, along with a gap being filled at $77. I'm...

NoFOMO_ Updated 

Neither, AMD has it's own path with destiny. The cyclical nature of semiconductors makes this an interesting stock to analyse through TA. The fundamentals remain strong, whilst they are clearly behind Nvidia and Broadcom, there's also closely following behind and have a far smaller market cap. In a risk on mode, I think this offers far better upside than a 3...

NoFOMO_

There’s no doubt that HIMS is a strong growth stock but it’s largely dependent on the GLP-1 shortages. I had previously warned that the shortage ending would cause a huge dump on the stock. I was slightly ahead of the curve, the shortage remained for another quarter and the price pumped higher. Alas, here we are and the shortages have come back. Personally I’m...

NoFOMO_

For those looking to diversify their portfolio this aggressive growth stock selling fresh pet food is a great choice. I traded the bounce at the 200W moving average and golden Fibonacci retracement confluence. The bounce was strong and the trade was executed at $100. Looking at the fundamentals we are talking about over 20% revenue growth quarter over quarter....

NoFOMO_ Updated 

A breakdown of the neckline confirmed the head & shoulders pattern on this stock. Elf Beauty is not looking very pretty here post earnings. My short was activated at loss of support at $97.94. There is a potential support at $63.88. If we get a bounce here, I may close 50% of my position. I expect the final target of $43 to be reached at some point. The RSI is...

NoFOMO_

It's always risky trying to pick bottoms. Anyone who has held this stock in the last 18 months has been punished. This is why risk management is important, especially if you're playing the game of catching a bottom or 'buying the dip'. Understanding technical analysis is important, but also understanding how to define your risk and managing it accordingly. I...

NoFOMO_ Updated 

We are approaching a strong trendline support level which begain back in 2017. The stock is heavily oversold, RSI is in a descending wedge pattern. We are also approaching the golden pocket Fibonacci retracement which can provide additional support. I expect a reaction at these levels and a breakout from the falling wedge pattern on the RSI. So far patience has...

NoFOMO_

As much as it pains me to say this, I still think Palantir has more shorts to squeeze here. There’s a rounded bottom and my Elliot wave count puts this move at Wave 5, blow off top. I think the final Wave 5 target is higher than $100, I can’t tell exactly where it end as I don’t have a crystal ball. However, this move up is strong and can easily head towards the...

NoFOMO_

It looks like Wave 5 could be in and we are getting the bounce of the Fibonacci Speed Fan and POC level. The Swiss Franc is also crowded short, keep an eye on this stock as it has bounced perfectly from the expected levels. One to keep an eye on, as the market looks to derisk from tech after the expected sell off.

NoFOMO_

Strong downtrend, ABC correction with the final C wave possibly in. Potential for a short squeeze as Moderna receives funding to develop a Bird Flu vaccine for the ongoing outbreak. The financials don’t look great, this would be a short term trade with a tight stop loss. Not financial advice, just a trade idea.

NoFOMO_ Updated 

Tech is overvalued across the board, especially names like Monday trading at PE ratio of 535 and Forward PE of 67. Revenue growth has been high but signs of deceleration ahead. If the stock market drops heading into the New Year 2025, I think this will be one of the first to fall. Technically we are in a bearish rising wedge pattern and we appear to be on the...