The Big 3: SNDK, BE, CRWV

to trading 360. I'm Marley Kayden. It's time for the big three. We've got three stocks and three charts for you today. Alex Coffee here to take us through the charts. Here to take us through the trades. Like most Fridays. Tim Bowen Chief technical trainer@stockstotrade.com. Tim great to have you on here. We're at the end of the month. We've wrapped up our busy earnings week. I'm very happy to to have a lot less to do today. So how are you looking at the results that we got this week? You know, I it's kind of like it's really not much has changed this week. Now what I like is that we're starting to get some clarity about a lot of the, you know, the stocks that I bring each week, you know, a lot of what I trade, a lot of what I do is centered around hot sector momentum, etc. And, you know, you guys know how I feel about AI. I mean, I called it the greatest technology in the history of mankind many, many times on this show. But, you know, we had an interesting lesson this week and the lesson was that all of these stocks, I mean, I had so many people, you know, a lot of the high fliers that I've shared with you guys going back to last fall, the SanDisk and stuff like blooms, etc. there was so much anxiety this week that people thought that there was some sort of seismic shift in the market, you know, in the market. Now, obviously open source, big impact. I talked about that the last couple of weeks. I think it's a good thing it's forcing anthropic and AI to get better. But those dividends are going to come later. But the lesson this week was, you know, particularly from situational awareness. And it just reminds me of what affects so many, you know, average traders. I mean, that's who I work with, you know, you know, just normal people. It's I, I'm just a retail trader myself that gets people in trouble. Is that margin and being either overweighted in positions or trading with way too much margin. And what's wild about what happened with situational awareness is like his entire basket of stocks or stocks that I recommend every week, but he still got liquidated from his positions. And you know, Ken Griffin hat tip to him, picked him all up for pennies on a dollar because of leverage. And we've seen this play out over and over again in history. And where where normal people really get hurt is with using leverage. You can be directionally right, and get smoked out of the trade and then have it work out. I mean, you guys were talking about Bitcoin before earlier. I mean, like, I think a big reason that Bitcoin has gone into this crypto winter is because of hyper liquid and all these people trading it with ten X20X leverage that pushed it over $100,000 when it should have never been there. Now they're all done for. And you know, I think Bitcoin will resume its trend. So I kind of not necessarily a market thing. I'm still very bullish. I just wanted to talk to that because I just see so many people making this mistake. We just see it over and over again. Long term capital management was a great example of just people being overweighted or leveraged up on great ideas, but because of that, they couldn't hold those ideas through these momentary blips like we saw this week. All right, so then let's look at the names that you've brought us today, Tim, because the first one was the best performer on the session yesterday, despite competing against Microsoft and Lam research reactions to their great numbers, SanDisk was still top of the S and P 500 list. So you've been talking about SanDisk. I know you've been long term bullish on this name. How are you looking at it right now? Well, I kind of you know, the reason I wanted to give that lesson first is I think that for all the people that have watched SanDisk go on this run over the last year or so that maybe didn't know about it or didn't want to participate in that move, you know, I'm calling a lot of these stocks the situational awareness dip. I don't think that, you know, SanDisk would have sold off like it had. I mean, had a great day yesterday, obviously, but it was pretty shaky for a few weeks before that. I just think that that was a lot of and then, you know, now that that Low's levered positions are over with Ken Griffin now, I mean he's not going to buy him unless he thinks they goes up. They go up. So I really think that this you know obviously always have a trade plan always have a stop loss be smart. Okay. But I just think that this dip and this situational awareness situation is probably going to put a pretty good floor in this stock. And I think it's a good buy here, even though, you know, it's up you look at the one year chart. But I think that that this is a way to capitalize on those overleveraged traders. All right. Alex is going to take a look at the chart for us right now. That is going to show north of 2,700% growth. Alex. Yeah, I guess I should as we're discussing, the technicals provide a little more context to what what Tim's talking about. It's been reported that big hedge fund called situational Awareness basically sold its entire public equity book to Citadel yesterday and experienced pretty significant drawdowns. And a lot of the holdings were these names that we'll discuss today. So SanDisk, a big one for those who have seen, when I come on your program, we go through the charts. I look at it a little bit different than Rick, but we'll keep it relatively simple. Momentum has come down. It's broke down below. Its 50 day moving average. Didn't quite get to the 200 even with this drawdown. That was basically over 50%. It's still didn't get to the 200 day moving average, which should put into context how extended this rally had been. But we've carved out a nice range now over the last, let's call it quarter plus. So I have the full year to date here. But really, we're only looking at this back half of the chart. And I like to look at the stoplight kind of setup here. So 2000 would be a stretch goal would be getting back to sort of the highs. So again these are ranges. So think 2000 would be the upside. 1500 is our next battleground. We're approaching that here in real time. Even at 1237 it's still within that kind of that next leg. A thousand would be the support to the downside that we kind of tested. And also goes back to the beginning of this move post the last time we heard earnings. Now, if I was drawing here, what I would show you is that the market is relatively fractal as well. So if you think about a piece of broccoli, you break off a piece. It looks like a little mini piece of broccoli. The same thing happens for these charts as you zoom in. They're microcosms of the bigger chart. And the same thing could be said for these ranges. So 1250 halfway between 1500 and 1000 would act as another midpoint above that, you know, 1375 halfway between that midpoint is another area. And you see those levels all acting as potential ranges along the way. So depending on your time frame, if you're looking at it more like a quarter or even longer, these might be your ranges. If you're looking at a day to day, you might be looking even narrower and a little bit closer. All right. Even as we just look out here over the last year to date, the chart that Alex has up here, we're still up 420 plus percent. When we look at SanDisk, despite showing that momentum is is moving us a little to the downside. We're down about 45% on the month. But Tim, let's move to Bloom Energy because they had another really strong earnings report. The Street really liked it. We saw double digit moves to the upside. How are you looking at Bloom Energy amid this broader conversation about this being the next bottleneck in the AI build out? Yeah, actually I do want to give kudos to Alex real quick. I loved that support line. So like when I mentioned with SanDisk, as much as I'm bullish, the stock, you know, the whole thesis already laid out that line, that support breaks that line thesis is busted. You move on. So I love that for a visual representation of what I was saying, like, I think we got legs to go here. But if the trend breaks, you move on. It's just a trade. So over to Bloom energy. You know this is a stock. I remember seeing this when it was like eight nine bucks a share. And just now this is years ago. But I'm like, man, they really cool technology. And this was kind of before the explosion of AI. And their technology has just gotten better. And, you know, it's gone on a heck of a run. This is another stock had a kind of a shaky week. And you know, I kind of already laid it out. I just think that this is another one of those dips because of those forced liquidations that happened this week. All right. Alex, so as we look at the chart for bloom here, are you seeing this potentially more as a dip as we look at the technicals. Well I'll say this about this chart. A lot of these names look the same. There are a lot of the same type of AI infrastructure names. I do think this is a cleaner looking chart though. And the reason I say that is I think the lines are easier to draw. Start with our 170. Not only does it start basically where the other one did on the last quarter, but it has a lot of former price activity in the first parts of the year to to act as support coincides with the 200 day moving average, which was broken and tested. And it also coincides with, again, these are ranges, not necessarily perfectly lines on the chart, but the area that we we caught a little bit of a of a bottom and bottomed out in the last couple of days. Now, if you look at the middle part, it's the bottom half of this topping area that we'd seen in this stock. So that's right where we peaked out today. That's around 235. But it's let's call it mid two 30s, 230 area. Then to the upside, you start getting into this overhead supply. This is a stretch goal 300. But that to me is representative of those high water marks. I know it got to 351. We're talking about 2 or 3 days worth of activity where in this case we're talking about a quarter. So I look at where there's pockets of activity, not necessarily the spikes. And so again, 17235 300, the same thing could be said. You look at this gap, you look at right in here where it started to to bottom out. That's around that 200 205 level. It's no coincidence. That's right. Between 235 and 170. So again, there's fractal areas to this below the 50 day back above the 200 after breaking it. And then of course you look at the momentum relatively benign but improving. So this one looks like it's recovered a lot more. But it did get rejected on its first test of our mid line there. So that can serve as a pivot point. I think that this one's in flux here, but it's certainly improving based off of the last couple days of price activity. Very volatile though a very volatile. As we look just over this week of trading, we are up close to 15% year to date though up 144%. I'm excited to hear your thoughts on this last one, and also excited for Alex's breakdown because this is a much more volatile chart. We're pretty much flat on the year momentum, not on the side of core. We've just as we look broadly over recent trading. So Tim, how are you looking at core? We've, great. I Mali, you know, this is obviously the messiest chart. I'm kind of looking forward to Alex's breakdown as well. The other two, loved them. And again, I think there was pretty clear levels. This chart's kind of a mess. But, going back to the theme of this, of, of the week, you know, I covered chips, you know, memory hardware basically covered energy. And then now we've got more of a software pure play. So I think that this is another one following the theme of the situational awareness situation, but messy chart. But I just think that we could probably be looking at it. I see some areas of support and I think it could start to trend off of these. All right. So Alex, where are these areas of support that we are looking at here? You may act or see this one as a little bit more risky because of where it is. But with that risk, I would say risk and reward are two sides of the same coin. Perhaps this is a more interesting entry point, with some pretty cleanly defined levels that we're at right now. So if you're looking at this, you go back to the beginning of the year. Around 70 coincides with the lows that we saw in the first half of the year. That's our green support line here on our stoplight. Now we got down to 6055 just two days ago. So you also have a recent level below to say, hey, if this broke below 70 and then made new lows, maybe this entire pattern, everything that you see here is completely disrupted. And you know, you have a, a full on downtrend under underway here. But what also is interesting is a lot of technical damage to the trend in terms of the moving averages, both of them coinciding around the mid 90s. That's also our mid line and our pivot line. So let's say for our discussion someone was looking to buy into this stock. They see this line here. They say this is my entry point. Maybe I would get out below those lows as new lows would make me, you know, kind of rethink my thesis. You have a pretty clean upside target. First one, maybe in the mid 80s where we struggled last week, but then 95 in this area where the moving averages are. And our pivot point, which coincides with all of this previous activity, seems like a relatively achievable, given the volatility and how quickly this stock can move short term target. All right. Right now we are sitting about $25 below that at 7117. We are down about 3.5% for core. We've today. Tim, I want to thank you as always, for being with us for big three, Tim Bowen from stockstotr