Wanted to share this chart of $FDMT up ~80% since Friday's close & more than 100% since Thursday's close. I missed this trade since I didn't screen this past weekend, however it would have came up on one of my screens. Nevertheless, this is the perfect type of bread and butter setup I love using a high volume edge. I don't chase so for me I sidelined this one after seeing it on Monday, but even still this name provided opportunities to catch it and scale out slowly. Since I do trade off of intra-day charts, I will definitely be studying this one closely on an intraday TF and I love doing so using TradingView's replay feature. These high volume edge opportunities present themselves constantly even when the generalmarket is down. Print it, study it, study it again, master it.

P.S - Mastering this setup is very difficult & requires much more attention, so with that being said- this will come back down to earth at some point, and it's good to keep it on a watchlist for a potential subsequent move.

$DLO - good example why traders should never trade without a stop-loss. DLocal tanks >45% in 2.5hours intraday, yikes.

30 Min Charts

Left image is 12pm before negative news dropped @ $20.75 & gradually pulling in - nothing looks that suspicious. The right image is 2.5 hours and -45% later @ 11.60. Good reminder that MAs, MACDs, BBs, whatever you want are all lagging indicators.

I remember doing a lot of reading on $PLTR more than a year back, however my rules based around price action kept me far away from the stock long enough to where I have seem to forgotten most of the stuff I read because it was usually on a plane headed somewhere. However I do remember Palantir has a pretty strong moat to their business & structure. With that being said, it is trading below its IPO price and (maybe?) seems to be forming a stage 1 base. Have seen bull cases for PT to $20 and bear cases of it heading to penny stock levels. I probably won't look at it again until trades steadily over a rising 30-wk MA (green line), but for anyone starting positions down here or adding as it floats above that $6.50, would love to hear your reasoning.

Technically speaking, this $CELH chart reminds me of my 2021 biggest winner $UPST before it's PEG breakout on 08/11/21 which as you know ignited a ridiculous run for the stock. $CELH has only been consolidating for 6-weeks compared to UPST's 8 weeks before the breakout. $CELH does report Q3 earnings next week which I believe will provide some direction for the stock. Triple digit earnings and sales & estimates. Weekly cup & handle. Base depth <20%. >20% above 200 Day SMA with all other MA's converging to form a launchpad. No position, and most probably will wait till the reaction after earnings.

Unpopular Opinion? Don't think investors will wait for inflation to return to 2% or for rates to get cut for a new bull market to arise. But we could chop for a long time to come.

Unpopular opinion? Don't think investors will wait for inflation to return to 2% or for rates to get cut for a new bull market to arise.

Pandemic darling $ARKK closing in yet again on a roundtrip & possible retest of its COVID-19 low. Traders - is the R/R good enough at these levels? Investors - do you believe in the fund that itself is very long term focused, yet has underperformed vs a majority of ETFs?

Personally not interested but I believe is a great case study.

11/02/22 BMO - Don't usually bother with H&S patterns on daily charts but this one looks intriguing because a similar pattern took place after the 16th June low (which sent the market rallying back close to the 200-Day MA). Q's also have a gap to fill ahead b/w $303-308. Lets see how this plays out following the volatility of today's FOMC.

Hey Everyone, my first post on CommonStock. I made this account to share my charts & educational & relevant information mostly regarding TA action in stocks. Nov 1st - Let’s get to it!