Contexto
"Now, that for me would be a profit taking opportunity. As long as we stay close to this trigger on MU, I think there's a strong chance that we might have a breakout moment."
any candle that dips beneath 375 is a candle worth investing in going long on Microsoft because of that beautiful and strong bullish divergence.
Contexto
"So, I believe in the next 30 days, any candle that dips beneath 375 is a candle worth investing in going long on Microsoft because of that beautiful and strong bullish divergence."
Transcrição Completa
All right, Wall Street trained us on V-shaped recoveries, but I do think this time is different. I want you to pump your brakes if you're feeling anxious to get into a stock that had a huge drop today. I'm going to go over Tesla, Google. I'm going to share a stock that's done very well today that I highlighted yesterday in the Stock Squad live video. And I'm going to give you my favorite big tech stock to go long on right now. Tesla investors were not happy about their AI and robotics spending plan and the fact that the company pushed free cash flow negative. Now, we dropped 14% today on Tesla. Matter of fact, if you had bought Tesla back in 2021 at $350, 5 years later today, you could have bought Tesla below 320. Will Tesla stop going down? Well, I'm going to take you into the chart. I'm going to show you the area of the chart that I think we are repeating right now. History does not repeat itself, but it does rhyme. And I think that Tesla's got more downside ahead of it. I do think though that with this drop off, there's coming a point in time in the next two months that's going to make Tesla a very attractive buy for 2027 and 2028. For example, on Tesla, we dropped 14% today. And the last time a move like that occurred, it took Tesla 60 days before finding the bottom. But after it dropped for about 60 days, if you bought in that range, it then went up over 100%. I believe we are setting up for something like that. I'm going to take you into the chart and show you some possible outcomes for these stocks. Let's take a minute and let's hit those charts. This last Monday, before we fell off this cliff on Tesla, I brought this area of the chart to your guys's attention and told you that we were in a similar spot. And I want you to note that after this massive drop off, we had consolidation, we dropped some more. We had some consolidation, we dropped some more. Now on this chart, this red moving average is the 350day moving average. I believe that we are going to very possibly see something similar and hit this red moving average line. And I believe that after that somewhere between 300 and 250, we're going to have an incredible buying opportunity for Tesla. A lot of people are going to get faked out because we are not going to go straight down to 250. We're going to have consolidation points, drops, further consolidation points, and further drops. So don't spend all of your capital right here before this storm is over. I want to highlight something to you that from this peak and drop off previously down to where Tesla went back in the day before it bounced was 35%. If we were to do the exact same thing now I've drawn this line from the top green peak, we would have to come all the way down to $281 before we actually had a bounce. Now, I'm not predicting that. I'm just telling you that that's what happened in the past when Tesla took a moment to pull back and so you do not want to buy the first red candle here. Now, I do have $300 marked on the chart. I do think that this is an area where I would likely see a reaction because it is a point of control on this chart. Tesla has reacted to it before. Matter of fact, the selloff back here that I believe that we are mirroring was at $300. It's also a huge psychological level. What I'm telling you guys is that we will have bounces, but over the next one to three months, I believe that Tesla will find its bottom and will find its very attractive price. I did cash out of some puts that I sold going into this earnings event for Tesla. Each one of those profited me $2,000. Now, I told you about that trade on Monday. And if you don't know how to take those types of trades, then come check out the stocks with Josh Discord. Trade alongside me, get my goat alerts and use my tools. And on the point of tools, there's a lot of people just trying to guess how low something will go, not understanding the overall macro and the moment that they're in. But I have a tool that lights up all red when the market conditions for going short are active. And it will glow all green with all five of my trade rules in place when the market condition is bullish. So come check that out. Don't trade blindly. Use my A+ dashboard to understand whether it's time to get in or get out or go short. Trade with a community. Trade with me. Go to my website to join that community. www.stockswithjosh.com. stockswithjosh.com. All right. What is it that I like in this market? Well, I talked with you guys yesterday about MU, and what drew my attention to it was that someone was putting on millions of dollars worth of call options that expired next week, and MU went higher today. Those two things together really shouldn't be ignored. Now, when I've charted it recently, I've told you that we were right beneath key resistance. And here's what's unique about what's happening with MU is that we didn't hit key resistance and immediately retreat. We did retreat from it, but we continued to press into it. And I think on MU, there's a strong chance that we're going to push through. Now, that for me would be a profit taking opportunity. As long as we stay close to this trigger on MU, I think there's a strong chance that we might have a breakout moment. Let me show that to you in the chart. All right. On a red day in the market, Micron's gone green. I want to highlight this trigger of 996. We're building some small candles pushing up against it. I think that we're going to attempt to make a move above 996 and we have a target all the way up to right around 1,035. All those bulls that bought millions of dollars of call options that are expiring next week are expecting some sort of a move. I've got my stop loss set at 983 for a trade that I called out at 8:15. I believe that we hit 1035. We could fade or consolidate above 996. And if that holds, then we have the opportunity of moving all the way up to 1089. If you're looking for risk, Micron is still printing green candles. Okay, let's talk about the stock that I am most interested in on this overall market pullback. And this particular stock has been printing bullish divergence for a long time. And it could be these red candles that we're seeing on it are truly the best opportunity to go long into 2027. A lot of negative news has already been priced into Microsoft. Let's take a minute and look at that chart together. All right, the last time I covered Microsoft, I told you that for it to get bullish, it had to close above 40240 and we rejected two times against that critical level and we've pulled back now. We have been pulled back for a long time on Microsoft and after it made this big up move in May, it only proved to be a bearish moment as we continued in a bearish trend and made a lower low. However, we have to look at the momentum indicators because they tell a story that I don't want to ignore and that is a story of bullish divergence. Even though we made a lower low here recently in June, we've made a much higher momentum high. So price going lower, momentum going higher is bullish divergence. And even with this downturn in the market, we are still showing bullish divergence. So, I believe in the next 30 days, any candle that dips beneath 375 is a candle worth investing in going long on Microsoft because of that beautiful and strong bullish divergence. Now, I've got one more interesting thing to show you in the charts, and that's the 50 and the 100 day moving average. The 50s in red and the 100 day moving average is in blue. And I want you guys to look carefully back here in 2022 at the tail end of that bearish year that the 50-day moving average never gave us a death cross. It just simply skimmed the 100 day moving average. And that from the moment that the two of them touched, which was right here, was the best buying opportunity for Microsoft for the next three years. And what do we have going on right now? We've got the 50 and the 100 day moving average kissing right on this line. And if history repeats itself, we're going to begin to see green candles that stack themselves upward. So my commitment to you is to help you get 1% better on the charts each and every day to take risk on Wall Street and to let you know what I'm doing with my money. I'm looking at ways to trade Microsoft to go long. Sometimes that looks like selling puts beneath the current price, collecting premiums to roll that into long leap positions. I like Microsoft right now on any bearish red candle. I love it right now. That's what I'm doing with my money. My next video is going to be talking about Google. I wanted to give you my thoughts on Tesla. I'm going to be watching these stocks carefully for my next move. I believe that Tesla will react to 300. Today, we ended a bald candle on Tesla, which simply means there was no wick, which simply means no buyers showed up. So, I'm expecting more bearishness on Tesla. Let me know what you think and what you guys did and what you're riding into tomorrow. Peace and blessings, my friends. I'll see you in the next video.
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