Potential Trades for the First week of December.
Breakouts, HTFs, VCPs, mean reversions, and more
Dear Trader,
What a month November was with a lot of impressive breakouts. For example, IONQ which we discussed a while ago continues to rally. Let’s be clear, not all setups play out as one would expect. As a matter of fact, most of them don’t, but this month has seen quite a decent amount of solid setups
Last week we saw some additional solid setups of which we will discuss a few here today. Historically, December is quite a strong month for the markets, so we could be in for another nice Christmas surprise.
Btw, we recently opened a Free Discord, while it is still work in progress it will become a great community to share ideas with. In addition, we will have multiple bots announcing stuff like new 52W -and ATH highs, MA crossovers, etc.
AAPL: Break above weekly Base
Apple made a new all-time high on Friday. The stock has been basing for quite a while around its 10 and 20W EMAs. As such, this could be a nice mover for traders. Playbale through simply shares, but also through vertical and diagonal spreads or even straight up LEAPS for the one’s interested.
OKLO: Consolidation after initial Hype.
OKLO 0.00%↑ is a stock thatt jumped up on my watchlist as it is forming a lovely high tight flag pattern. A lot of traders have been all over this one. Not only directional traders but also vol sellers . For directional traders, the pattern is pretty clear. This stock will continue to be volatile, with a ADR of 14.86% one can easily get shaken out if your stop loss is too tight. Size accordingly.
Sea Limited: Keeps going up.
As I wanted to get more setups in these posts I’m going to keep the text a bit shorter. The SE 0.00%↑ chart speaks for itself. The stock gained over 200% from its lows in the beginning of this year.
The current setup is a potential late entry Episodic Pivot (EP). After the company posted another great quarterly report in November. The stock is consolidating and clearly getting tighter in a range, which could potentially lead to a strong breakout.
Weekly chart below shows the momentum Sea had throughout the year. The stock is finally approaching its 200W EMA again. The chart also shows that a touch of the 10W EMA has been a solid adding spot throughout the year.
American Superconductor
Another interesting setup on the daily. $ASMC is showing some potential here. Getting tight here in this channel with the 10 and 20D EMAs close together. One to keep an eye on.
Closing Words
Thank you for reading this article! Make sure to check out the free discord where we caén discuss charts and trading ideas with each other. I’ll regularly share insights and trading ideas in there as well as I screen the markets.
It'll be a space where I can easily drop my charts and notes, and, even better, where we can have real-time, interactive discussions with each other. It’s all about building a space for open exchange and collaboration, so if you're interested this could be a great resource for everyone involved and of course, it will be FREE of charge.
Even if you are an established trader already it is always good to bounce ideas. You can find the invitation link by clicking HERE
I would appreciate it if you could share this article so we can reach as much people as possible and help each other grow.
Last but not least, I would like to recommend checking out @MisterLowRisk on X. He provides some great trading ideas on his account and is an overall great guy.
In the meantime, get ready for another exciting week!