*disclaimer: Not financial advise. This is my personal trade plan only. I am not qualified to advise anyone on their positions or trades, I am giving my personal opinions only. Always consult a professional for investment related advice and do your due dillegence*
Welcome to April everyone! I hope you are all enjoying the long weekend. I’m sure many of us are eager to move on from the disaster that was March. I’m seeing some very promising setups develop, and I expect April to be quite bullish. This week I am out of town, so my trades will be limited. Below are the top setups I’m watching, along with my trade plan for each one.
Looking for a pullback into the $37-$38 range to enter long. I plan on taking 4/23 calls in this zone with a target of $52. My stop loss will be $33.98.
I expect $PLTR to break lower on Monday, potentially filling the gap at $22.11. At that level I will look to enter 4/23 calls with a target of $27. My stop loss will be $20.87.
$AMD has broken out of its downwards channel and looks very promising. I am watching closely for a backtest to complete wave (2) before continuing it’s momentum upwards to $89-$94. I will look to enter 4/23 calls on a backtest & bounce off of the downwards channel. My stop loss will be $75.
$BA spent most of last week moving sideways in a healthy consolidation pattern. I expect a big move to start this upcoming week. There’s a chance the first move will be down to fill the gap at $245, so I will set that level as my primary entry spot. If we see a breakout above $257.85 first, I will enter there. In either case I will be taking 4/23 calls.
$SPCE looks just about ready to start another major move. I will be entering June $40 calls on Monday with a target of $50 +
Have a great week everyone !