12-1-20 Recap of $YALA

12-1-20 Recap of $YALA

Reversal Play

$YALA – 12-1-20

Found $YALA on my morning scanners and kept an eye on it for a potential reversal play. Worked out this time, and looking back at it, I played it perfectly. That rarely happens. Here is a quick overview of what I was looking for this morning and why it worked. 

Disclaimer: This is not investing advice. Due your own research and perfect your own strategies before entering any trades. This video is for educational purposes only. 

Chart Analysis: LONG $NLS

Chart Analysis: LONG $NLS

Watchlist Stocks

$NLS – 11/30/20

Seeing the same type of pattern as PTON here, except for not breaking out of pitchfork. Long at $20.30.

Long: $20.30.
Price Target: $25-26
Stop: $17.50

$NLS - Long Here - RSI Divergence, but not out of pitchfork by CCInvesting on TradingView.com

Chart Analysis: LONG $NLS

Chart Analysis: $PTON – Pitchfork Breakout

Watchlist Stocks

$PTON – 11/30/20

This stock had a great run up as one of the “stay at home” plays. Has pulled back recently but looks ready to make another run up. RSI divergence and breakout from pitchfork. Pitchforks are new for me and slightly subjective (as are many indicators) but let’s see if it works. I have my money tied up so I can’t enter, but this could be a good entry. Will track just to see if it works.

Potential Entry: $115
Initial Price Target: $130
Stop: $107

$PTON - RSI Diverging From Trend by CCInvesting on TradingView.com
Chart Analysis: LONG $NLS

Chart Analysis: $BA – Follow Up

Watchlist Stocks

$BA – 11/29/20

Following up on the post below from 12 days ago. The 50 day has now crossed the 200 day moving average. That will be a buy signal for many. Other things of note, bull pennant forming, and inside day candle on Friday. All could be pointing to a breakout here. My money is tied up elsewhere right now, and looking at other stocks. However, I may consider an add here in the near future. We’ll keep an eye on it. 

Potential Entry: $TBD
Price Target: $TBD

$BA - 50ma has crossed 200ma by CCInvesting on TradingView.com

Watchlist Stocks

$BA – 11/17/20

$BA has been strong lately on news that its 737 MAX will be taking to the skies again soon. Of course, with Covid ever looming, this stock still has some head wind. That being said, it did close above it’s 200MA again, and the 50MA isn’t far behind. If the 50 crosses the 200, I may be interested. Especially as the stock is getting close to that 232 pivot point. Just watching for now. 

Potential Entry: $TBD
Price Target: $TBD

$BA - Watchlist - Wait For 50MA by CCInvesting on TradingView.com

How To Start Investing: Book Recommendation

How To Start Investing: Book Recommendation

The Beginner Investor

Book Recommendation

From time to time I will post recommended reading material for investors/traders. These are books I have read that I feel helped me understand the market, a strategy, terms, psychology, and tips for becoming a better trader.

NOTE: I have no affiliation with any of these book authors or publishers. These recommendations are my own opinions and I do not benefit from recommending them in any way. 

Book Recommendation: A Beginner's Guide To The Stock Market

A Beginner’s Guide To The Stock Market by Matthew R. Kratter

I don’t remember exactly how I discovered Matthew Kratter books, but I have grown to like them a lot. They are especially useful for beginners IMO, as he does a solid job of explaining general overviews without getting bogged down in the details that would often confuse or frustrate someone who is new to investing and the stock market. 

You won’t learn everything you need to know from any one of his books (or any book for that matter) but this book will give you a solid foundation from which to then explore more ideas in depth. This book is a great jumping off point.

In this book, you will learn:

  • How to grow your money the smart and easy way.
  • The best place to open up a brokerage account.
  • How to buy your first stock.
  • How to generate passive income in the stock market.
  • How to spot a stock that is about to explode higher.
  • How to trade momentum stocks.
  • Insider tricks used by professional traders.
  • The one thing you should never do when buying value stocks (don’t start investing until you hear this).
  • How to pick stocks like Warren Buffett.
  • How to create a secure financial future for you and your family.
  • And much, much more…