Trade Ideas & Watchlist: Week of May 11th
Below are several trade ideas for your watchlist. Please note I’ve kept these notes brief and actionable so you can quickly identify the key levels as they hit.
Alert management is crucial. I suggest setting alerts on your brokerage platform for the key levels you are watching in advance (not just for these ideas but also more generally it is a good habit)
Furthermore, please ensure you set stop losses when entering any trades. I always recommend a strict stop-loss strategy to manage risk; this could be 1 ATR, a violation of prior support (such as a horizontal level or key MA), or simply the daily low. The post below goes into more detail; be sure to give it a read.
As always, this is not financial advice and I may or may not hold positions in these names; however, I do provide live updates in the respective channels as always (Trades on Discord only, Investment Accounts on Substack and Discord).
Last week’s post had several strong performers, such as:
RKLB: 78 to 105
FLY: 31 to 40
ORCL: 165 to 196
CIFR: 17 to 22
MP: 63 to 75
CRCL: 109 to 122
Trade Ideas plus summary table below:
AI Infrastructure
ORCL: PB to 184 (10EMA & prior resistance) or EMA 20 (175); alternatively, through 209 (SMA 200).
CIFR: PB to EMA 21 (18.49) or SMA 50 (16.18), which coincides with trendline re-test.
CRWV: Watch for a PB to SMA 200 (101) or EMA 21 (114); otherwise, through 121.
NOK: P/B to EMA 10 (12.41) or EMA 21 (11.57).
CRDO: P/B to EMA 21 (171) or a move through 199.
EMR: Entry at 137–140 (confluence of MAs) or through 149.
Space & Connectivity
RKLB: PB to prior resistance at 92 or down to 84 (EMA 10).
ASTS: Looking for a reclaim of SMA 200 or on the re-test. Currently 74.07.
YSS: PB to EMA 20 (33.15) or a PB and hold of the IPO AVWAP at 30.11.
FLY: Targeting the confluence of MAs at $31 or an IPO AVWAP re-test at 31.44.
VOYG: PB to the confluence of MAs at 27.5 or through the IPO AVWAP.
Strategic Materials & Energy
MP: PB to 63–64 (SMA 200 and EMA 21 re-test). Note that 73 remains resistance.
USAR: P/B to EMA 21 (23.63), which coincides with a trendline re-test; SMA 50 is at 19.79.
UAMY: P/B to EMA 20 (10.73) or SMA 50 (9.85); otherwise, through 12.0.
OKLO: Looking for an EMA 20 pullback (68.05) or a move through the SMA 200 at 86.49.
TLN: PB to EMA 10 (379.43) or an SMA 200 re-test (372.33); otherwise, through 405.
Crypto & Blockchain
COIN: PB to 191–193 or a breakout through 216 resistance.
CRCL: PB to the confluence of MAs at 105–106 or through the IPO AVWAP at 130.66.
GLXY: PB to EMA 10 (28.6) or a re-test of the SMA 200 breakout level at ~27.27.
Precious Metals
SLV: P/B to the confluence of MAs at 69–70.
GLD: Looking for a reclaim of the SMA 50 (439.13).
Thank you for reading, leave a like and see you for the next one!