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TRUE MARKET LEADER
28/05/2024 analysis
“I hate stocks. Stocks are bad. There are no good stocks. Even the so-called best stocks are bad. Stocks are good only when they make you money.“-Brad Koteshwar
JOIN TO MY DISCORD COMMUNITY.MORE INFORMATION AND UPDATES ;https://www.launchpass.com/true-market-leader-group/tmlvip
MOVING AVERAGE LINES USED |
REDLINE = 50 DAY MOVING AVERAGE |
GREENLINE = 10 DAY MOVING AVERAGE |
PINKLINE = 21 DAY MOVING AVERAG |
BLACK LINE = 200 DAY MOVING AVERAGE“If you personalize losses, you can’t trade.” |
NASDAQ INDEX: Last week the index made rallies on below average volume with friday closing with almost started a follow-through day.I need to see volume and leaders to lead the market before add exposure to the market.we have few leaders which are trying to breakout from their bases.
Let stay objective to the market and see what the market wll do nextweek.
NASDAQ INDEX DAILY
NASDAQ INDEX WEEEKLY
S&P500 INDEX: The index also made rally on lastweek but failed to move above the short term moving average (10 and 21) and the volume was below average.if we get the index above the short term moving average on volume this will signal the resume of uptrend market.
Let see how the index will act onto the nextweek and stay objective.
S&P500 INDEX DAILY
S&P500 INDEX WEEKLY
$CAVA: The stock has formed IPO base and has made a pullback to the 50-day moving average.The stock made huge move on friday on volume.also the company has good fundamental and technical action.
Will buy when it will move past red line ($70)
RATING: A $CAVA DAILY TIMEFRAME
RATING: A $CAVA WEEKLY TIMEFRAME
$CRWD: The stock has made falling wedge pattern and the volume was drying during a pullback which is good sign of accummulation and few investors who are willing to sell the shares.I excpect the stock to move past wegde above trending line.
Will also it will move above the wedge pattern.
RATING: A $CRWD DAILY TIMEFRAME
RATING: A $CRWD WEEKLY TIMEFRAME
$DDOG: Although the company has negative future earning expectations,the current earnings and sales are good which can act as the catalist to make stock to make huge upward move.
Will buy once it will move above the early entry (redline)
RATING: A $DDOG DAILY TIMEFRAME
RATING: A $DDOG WEEKLY TIMEFRAME
$ERJ: The stock has good prior move on big volume days and it had nice pullback slightly below 21-moving average .The company has positive earnings expectations plus current good sales and earnings.
Will look to buy above the redline.
RATING: A $ERJ DAILY TIMEFRAME
RATING: A $ERJ WEEKLY TIMEFRAME
$NVDA: This company was true market leaders before the current market correction.The company has good story,earnings,and sales.the stock made a correction slightly below 50-day moving average and it made huge move above the moving average.
Will buy this stock once the stock will make new all time high.
RATING: A $NVDA DAILY TIMEFRAME
RATING: A $NVDA WEEKLY TIMEFRAME
$SG : Inspite of having negative future earnings expectations the company had huge move accompanied by huge volume skyscrapers.its currently made a pullback to 50-day moving average and rebounded nicely.the company has good fundamentals.
will buy once it will move above the redline.
RATING: B $SG DAILY TIMEFRAME
RATING: B $SG WEEKLY TIMEFRAME
THANK YOU
TML FIVE TRADING RULES |
1. Buy the stock as it break above base or trendline on above average volume |
2. Sell -4% to 7% from buy point,intra-day |
3. Take gains 20-30% above buying point |
4. Use trailing stoploss to protect your gains |
5. If you have three straight failure -4% to 7% ,stop buying and do postanalysis |