Trade Ideas & Watchlist: Week of June 8th
Weekly Trading Ideas: Actionable Cheat Sheet Included. Be sure to read if you are interested in high risk-reward entry points in leading stocks.
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. I have included some charts to make the data more relatable.
Recent weeks post have had several strong performers, such as:
ASTS: 74 to 130
FLY: 32 to 62
NOK: 12.4 to 16
RBRK 60 to 78
ORCL: 160 to 250
CIFR: 18.5 to 28
USAR 19 to 30
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 (Average True Range), 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).
I will include a couple of charts here highlighting recent trades to better demonstrate how to use the levels featured below.
ASTS: Entry on SMA 200 reclaim of 72, stock is now 112 (went as high as 130) The arrow shows entry point.
FLY: Entry on IPO AVWAP re-test and hold at 32, (Arrow shows entry point) Fully exited this at 61.7
OUST: Entry on EMA 20 re-test and hold. Stock is now 39 from 30 entry (went as high as 49) The arrow shows entry point.
USAR: Entry on SMA 50 re-test and add through reclaim. Stock is now 28 from 19 entry (went as high as 32). The arrow shows entry point.
Trade Ideas plus summary table below:
Semiconductors:
