Selasa, 30 Januari 2024

♟ Taking a Shot at a Pullback on This Stock

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"ASO is a name that is not extended and has a beautiful pattern."

Nate Bear, Lead Technical Tactician, Monument Traders Alliance

Just in case you've been living under a rock, it's earnings week!

And in today's video, I go over what I'm expecting now that the indexes have hit new all-time highs.

Plus, I have a new trade setup for you on a potential pullback.

Click the image below to get the trade.

Playing The Pullback On This Stock
 

Sub-$5 Blue Chip Could Be 2024's Top Performer!?!

The question many investors are asking is pretty simple...

With overvalued stocks collapsing, what stock can I actually buy that still has a chance to go up?

Top Performer
 

Where are the BIG gains going to come from next?

A sub-$5 stock I'm calling The Last Great Value Stock could be it.

Click here to see how to unlock this pick - trading for less than $5.

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YOUR ACTION PLAN

As you'll see in the chart below, Academy Sports and Outdoors (Nasdaq: ASO) has a really nice daily chart and is currently consolidating near all-time highs. I'm going to take a shot on a pullback to around the 21-day exponential moving average (EMA) and the 618 retracement level. I like the $60 calls, and since the company's next earnings report is in March, I'm going to go out past earnings and buy the calls that expire on April 19. I'll aim to get in when the stock is near the 21-day EMA of around $64, and I'll stop out on a close under $61.

(If you'd prefer a cheaper option than those April $60 calls, I offer a couple of alternatives in the video. Just click the image above and watch until the end.)

Academy Sports and Outdoors Chart

(Click to enlarge)

If you want more trade ideas like this, you can join me in real time in Daily Profits Live. Upon joining, you'll receive the details on all my trades as I make them. Last week, I closed 24 total trades and won on 18 of them for a 75% win rate.

Click here to learn more about how my unique TPS trading system works.

P.S. I love answering your questions. It's the best and most rewarding part of my gig. If you have a ticker or chart you want me to break down - or just a general trading question - please email me at feedback@monumenttradersalliance.com. I'll let you know my thoughts on a few submissions in a future video.

WATCH NOW: Multimillionaire Trader Wows Thousands With "One Ticker Payouts" Demonstration

One Ticker Payout
 

Research found that smart investors could have made top gains of...

  • 443% in 11 days
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SEE THE PROOF HERE
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TESTIMONIAL TUESDAY

"NFLX Lotto - Avg in at $0.86, out at $1.45 for a 67% W [in five trading days]!! Thanks Nate."
- SpacemanSnoopy1

"Sold [SOFI] at $0.62, bought back at $0.41 for 33% in 27 days. Thanks Karim!"
- GreggD

"In [CVNA] at $2.30 and out at $3.30 for a 30.7% [overnight] winner! Thanks @Bryan!!!"
- Dino

 

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