Swing Trade Set-Ups to Watch.
A Group of Swing Trade Set-ups for your Trading Strategy this Week.
I have no idea if this next time cycle is going to be bullish or bearish, so lets consider either and trade them up or down until we know.
Trade # 1
ALPHABET (GOOGL) trading 1068.37, over 1167.00 sees 1250.00, under 1040 sees 945.00 $GOOGL #swingtrading
I have been saying for some time that Google, Facebook and Twitter would come under pressure, and here it is. I always traded support long on Google and Facebook until about six months ago, now you want to focus on resistance to short side imo.
Either way you trade it I’ve marked your most important decisions.If it trades any higher than 1160.00 I think you need a really good reason to stay long, or at least have solid tight stops in place.
Watching for a resistance trade to short.
Trade # 2
FACEBOOK (FB) Trading 173.35, over 174 sees 189.00, under 161.00 sees 146.00 $FB #swingtrade
Facebook seems to be spinning a better catalyst story than Google for now, so it has more short term reason to rise in price. I still don’t like it longer term so I am looking for a resistance area to short. The chart below is a guide.
Trade # 3
TWITTER (TWTR) trading 37.93, over 45.50 sees 52.00, under 33.00 sees 25.00 #swingtrading $TWTR
Same with Twitter, I don’t think it is going to do well over the next 5 or 6 years, or better said, I think the down side risks are significant, so I’m looking for resistance to short.
Trade # 4
Square (SQ)
SQUARE is on the move again, one of the top watches on Monday. I am extremely bullish on square to possible 90’s, trade the green arrows up. $SQ #swingtrade #tradealerts https://www.tradingview.com/chart/SQ/dMaElx3w-SQUARE-SQ-I-am-extremely-bullish-on-square-to-possible-90-s-t/
Why Square Stock Is Worth at Least $80 After Raising Guidance https://finance.yahoo.com/news/why-square-stock-worth-least-120815807.html?soc_src=social-sh&soc_trk=tw #swingtrading $SQ
Trade # 5
PLUG POWER (PLUG) Price target 3.48 early October 2019 if price gets bullish between now and then. On watch. #swingtrade
This is a symmetry trade, if I can lock in a turn up in momentum (it likely pulls back first) then I will trade it to the extension to upside as noted on chart.
Trade # 6
PARTEUM CORP (TEUM) Risk reward in this channel extremely high for at least a double, tight stops n go $TEUM #swingtrade
The risk reward in this trade set up is hard to ignore, TEUM is a top watch Monday morning. Use caution, stops and simple discipline in sizing and the risk reward set up here is unusually high for a trade higher.
Thanks
Curt
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Article Topics; SQ, TEUM, PLUG, FB, GOOGL, TWTR, Swing Trading, Set Ups, Strategies