Swing Trade Ideas - Week of 2/7

$IVR Long 3.94 x 3.74

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$IVR Long 3.94 x 3.74

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What do you mean? ( Sipping the soon to be discontinued HH6 green label.)

Entry by stop loss, use 2x targets. I don't do fundamentals. Just trade price action and volume. Also I wouldn't go long TUP, looks like a good short to me under $33.57 x $38.60 with a target around $20.

Obviously you misunderstand RSI. The relative strength index (RSI) is a momentum indicator used in analyzing trending bearish or bullish patterns and evaluate price changes for overbought or oversold conditions in the price of a stock or other asset. When you are referring that it stays embedded for longer periods of time are you referring to the 3 day RSI, 5 day RSi, 14 day RSI . The RSI is merely an analytical tool that when used with other metrics can give good indications of what is to come but you need to be using the correct day rsi.

Traders have been using VTO trades for years to determine when to enter and when to exit as it is a great metric especially when used in combination with the Bollinger band 10,1.9 and the MACD with a swing low but I’m sure you are well aware.

I don’t misunderstand RSI at all. Daily RSI is what I was referencing since he was interested in 3-15 day swings.

Most of THE best stocks with the highest demand have an RSI that stays above 70.

This was mentioned as he seemed to think a 60 RSI on TUP was a negative and I was inferring that it was NOT.

Good Luck!

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UncleSlick

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thanks for the contribution
Those are all good calls, looking forward to doing some DD today on them

Cheers

Add ZNGA with earnings on 2/10. Mobile/online gaming.

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ZNGA with earnings on 2/10

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CRSR Corsair on a bounce. Had been trading in a range of 35-45 for a bit. Looks like it’s broken out now

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Thanks, either one of you care to elaborate a bit more? Besides recommending stocks, I also started this thread to try and learn more overall.

So, in these instances, when I look at the daily charts, I'm not seeing what your are in regards to why these would be good entries into a swing trade this week.

ZNGA - I 100% get the trade into earnings for momentum, and never hold thru earnings. But if I look at the chart, here are the things I see that indicate to me, it's not a time to enter into a long trade:
*It closed at (+)2 StdDev
*The RSI is already at 68.5. It usually pulls back around 75
*The MFI is at 72, thats something of a peak

The things I see that look "good" are:
-the MACD just crossed up over
-it's trading well above a healthy cloud
-The chikou is in a really good spot

But overall, it seems like a stock that is trending upward, but there's not much room to run in the short term

CRSR - almost the same thing. The charts and indicators seem that it's overall a good stock to trade, but it's at the peak of a swing, and destined to retrace any day now. Were you suggesting a short? Or just in general, this is a good stock to swing trade in general?


I think anything we can do to not only share ideas, but to help educate fellow posters is a benefit to the board. If you're not into that, that's cool too. Not knocking anyone for suggesting, helping, recommending - but I am attempting to garner some new perspectives, without coattailling someone elses hard work and DD.

Cheers

Yesterday, Ideal Power (IPWR) announced an offering of 1.2M sh at $17/sh ... private placement. That might mean a new partner coming in, not sure. IPWR has multiple patents they are collecting licensing fees on and their tech is legit. My revised 2021 PT moving from $28 up to $36 by Q4'21.

Currently accumulating below $19 ..... maybe a dip tomorrow morning? Last trade $21.10 /share. But barring a market correction, this may be my last opportunity to acquire below $20. ..... this could easily be a $30 stock by April. Only my opinion.

Excellent intellectual property and good leadership ....... I suspect a significant partnership is going to be announced, likely with the investors of the partner, hence the offering.

I’ve been on this since Oct ... continuing to add periodically and will continue to do so at advantageous entry points . Market cap 63.8M .... earnings announcement March 9th .