4/9/2023 – Sunday Prep – Easter Edition

by | Apr 9, 2023 | Sunday Prep | 0 comments

Tons of bullish-looking charts out there as well as bullish-looking Thursday reversal candles to play against this week.


Strong Stocks Looking For Continuation


Keep an eye on the $106 level, and if it doesn’t hold, watch for a potential drop to $104.7ish.


Looking to buy a flush into 50D sma. If it doesn’t, will consider going long if it climbs over $104.20. This could signal the start of the next leg up.


Look for a potential scoop at the quarterly pivot/20-day moving average. Keep in mind over $64 is the long continuation trigger.


This stock has had back-to-back inside weeks. Consider a scoop off the $73.2ish area with risk under $73 (over $72.97 is the failed weekly short continuation trigger). If the stock climbs over last week’s highs, consider joining the trend.


Consider scooping a flush vs Thursday’s LOD.


Shorts are currently bent on this stock, and a flush to 268 could be a buying opportunity.

Oversold Reversion Setups


Failed breakdown play as long as holds over $103.24. Want to go long over Thursday’s highs.


Weak Stocks Looking For Continuation


Consider shorting at $58.5 – $59, but be prepared to flip your bias if the stock climbs over $59.7.


Look for a potential shorting opportunity in the $115.5 area.

Overbought Reversion Setups


Look for a shorting opportunity in the $99- $100 area.


Consider shorting into the $128- $129 range.


Keep an eye on the $375 area as a potential shorting opportunity.

Nimble Bias


With back-to-back inside weeks, you may want to consider going long if the stock climbs over $69.74. However, under $65.81 is the daily short continuation trigger.

Know why lions are apex predators? They hunt in packs. They're patient and when opportunity meets preparation they pounce. Join a pride of lions that hunt the same prey day-in and day-out. Our strategy identifies stocks that move at unsustainable rates. This works because our strategy is grounded in something that will never change... human psychology. Most services are either pump groups or teach you memorize chart patterns. This is different. We're in, we're out, then we enjoy the rest of our day. Join us and get yourself an edge.