Why This Relative Strength Leader Just Entered the Portfolio
🛒 Grindr (GRND) was purchased this week, identified as a prime candidate for a breakout due to its exceptional relative strength (RS 97).
📈 The stock demonstrated resilience by consolidating while the broader market experienced distribution, indicating strong underlying demand.
📊 Following a 7.6% rise this week and a breakout from a consolidation pattern (similar to a previous successful trade), the position is now active, awaiting upcoming earnings on May 8th.
Netflix Hits Stratospheric New Highs, What Fueled the Surge?
🚀 Netflix broke out to new all-time highs, reaching $1,100 this week after strong earnings reported previously.
💪 The stock exhibited significant relative strength (RS rating of 97), holding up well and finding support on moving averages while the broader market declined.
📈 High volume accompanied the breakout, confirming strong buying demand, although the speaker personally opted out due to the speed of the move without further consolidation.
Google Shines With Strong Earnings and Technical Recovery
✅ Google is showing positive technical signs, reclaiming its key moving average this week on increased volume.
📊 The company recently reported strong earnings results, contributing positively during a crucial earnings season and alleviating some market uncertainty.
📈 While individual performance is strong, confirmation of a broader market recovery through reclaiming moving averages across indices is still needed.
Apple Bounces Off Key Support, Is More Upside Coming?
📈 Apple demonstrated strength, rising 6.2% this week after finding support near its critical 40-week moving average, a historically significant level.
💰 A position initiated around $180 is now showing a gain of approximately 15-17%, currently trading near $209.
⚠️ Despite the recent bounce, the stock remains below key moving averages, indicating caution is still warranted until these levels are reclaimed.
Riding the Momentum Wave After IPOASE Breakout
📈 Following up on last week's investment idea, the stock surged 4.57% this week after breaking a key IPO base pattern.
💰 The position is currently showing approximately a 14% gain since entry, with stop-losses adjusted to secure profits.
⏳ Despite lower volume this week, the stock consolidated tightly, suggesting potential for further upward movement, leading to a continued hold.
Tesla’s Paradox: Weak Results, Soaring Stock. What Gives?
📉 Tesla reported weak Q1 results with significant drops in revenue and profits, alongside declining margins, falling short of already lowered market expectations.
🤖 Despite poor financials and no clear guidance, the stock surged post-earnings, fueled by Elon Musk's optimistic vision focused on Robotaxis, AI, affordable models, and the growing energy division.
🤔 The company faces a crucial juncture: balancing current financial weaknesses in its core EV business against the long-term potential of disruptive technologies and Musk's renewed commitment.
YPF on Hold: Waiting for Bullish Signals in Argentina
⏳ YPF is currently viewed as a hold for short-term traders, as it remains within a short-term downtrend despite positive medium-to-long-term prospects for Argentina.
📉 The stock needs to break its current downward structure to the upside before signaling a potential buy for short-term strategies.
📊 Recent price action, including a Doji candle and very low volume, indicates indecision and lack of buying pressure, reinforcing the wait-and-see approach.
Profit Taking in Nico Eagle Mines After Strong Rally
🏆 Profits were taken in Nico Eagle Mines after the stock reached a key target zone derived from a technical mast-and-flag pattern.
📉 The decision to sell the remaining position was supported by multiple technical indicators signaling potential weakness: RSI turning down from overbought, MACD losing momentum, and a Concorde sell signal.
💰 The trade locked in approximately 20% gains in dollars from the initial purchase, justifying the decision to secure profits rather than holding for potentially diminishing returns.
FedEx Trade Illustrates Discipline: Quick Entry and Exit
🔄 FedEx presented a buy signal on Thursday as it moved above its 21-day moving average, prompting an entry into the stock.
📉 However, the stock reversed the next day (Friday), falling back below the 21-day moving average, triggering an immediate sell signal based on the pre-defined strategy.
🛡️ This trade exemplifies the importance of strict discipline in trading: adhering to entry and exit rules (like moving averages) even if it results in a small loss, to prevent larger drawdowns.
Jumia Potential Skyrockets: 46% Upside Target?
🛒 Jumia, often called the 'African Meli' (MercadoLibre), was identified as a buy opportunity based on a specific bullish green candle signal occurring mid-week.
🎯 Initial price targets are set at previous highs around $2.58, with further potential targets at a gap fill level and the top of its current downward channel.
🚀 If the stock reaches the upper targets, it represents a potential upside of approximately 46%, although this depends heavily on a continued bullish market context.
