2. Targets Hit
Here are two completed trades from Investment House Daily, offering insights into our trading strategy and the targets that we have hit this week: Datadog Inc. (NASDAQ: DDOG): DDOG was one of the cloud leaders, and it started to form a base before the early September selloff. It also peaked in early July. Thus, by the time that September came, it was well into a base. The selling only made up a part of it. As soon as the initial selling was over, DDOG put the finishing touches on its base. This signaled that it was ready to move higher with the other techs that based during the selling. DDOG formed a double bottom and then added a handle starting in mid-September. On Sept. 21, DDOG tested and held the 50-day moving average (MA). During the next session, DDOG jumped higher, and we entered the play through buying November $90 call options for $11.05. While its subsequent movement was not straight up, DDOG tested the 10-day exponential moving average (EMA), rallied and tested the 10-day EMA again. On Thursday, it shot higher with a big breakout. That move took DDOG to our initial target. As a result, we sold half of the position for $18.80 and banked a 70% gain. Square Inc. (NYSE: SQ): Square is one of those leaders that was sold during the first three days of selling in September. However, when it hit the 50-day MA, the selling stopped. As with many of the prior rally leaders, SQ immediately started setting up a base. It formed a double bottom at the 50-day MA and put in a second low on Sept. 18. After seeing this, we put it on the report. On Sept. 21, SQ jumped off of the 50-day MA. As a result, we bought November $150 call options for $17.80. SQ continued higher, tested the 10-day EMA and then experienced upside. On Friday, SQ gapped higher and approached the early September high. Since that value was also our target, we sold part of the position for $26.50 and banked a 48% gain. Receive a risk-free trial to Investment House Daily and save 50% by clicking here now! Here are two completed trades from Technical Traders Alert, offering insights into our trading strategy and the targets that we have hit this week: Trade Desk Inc. (NASDAQ: TTD): While it was one of the leaders in the pre-September rally, TTD certainly sold during the sharp selling that took place in early September. It then held at the July consolidation-range low and bounced. As that bounce failed, TTD was down again. Then, it held the same support and surged upside on Sept. 21. This created the second bottom in a short double bottom that many of these revived leaders ended up forming. Then, TTD tested over two sessions and formed a short handle. After we put it on the report, it broke higher from that handle. At this point, we bought November $475 calls for $54.50. TTD moved straight up from there and rallied for five straight sessions. On Thursday, TTD gapped to a new all-time high and surged on the session. We then sold part of the position for $100 and banked an 80% gain. Beyond Meat Inc. (NASDAQ: BYND): BYND was a stock that rallied well and topped before most of the market did. Indeed, BYND hit a high in June. It then faded back into July and August and worked on a nice cup base. While it rallied somewhat in late August, it was sold during the early September selling. That, however, was the shakeout. On Sept. 8, when many stocks were gapping lower, BYND was surging upside. When BYND started to test, we put it on the report. On Sept. 15, BYND surged upside. At this point, we bought November $145 calls for $19.90. BYND continued upside with a rise and fade, and then another rise and fade, up the 10-day EMA. On Sept. 29, BYND hit our initial target. Thus, we sold half of the position for $30.40 and banked a 52% gain. As BYND continued higher after that, we will see how much more it will give us. Receive a risk-free trial to Technical Trader and save 50% by clicking here now! There were no new trades in the Success Trading Group this week. Still, now is a good time to become a member of the Success Trading Group. The system is geared towards bringing you consistent, short-term gains of 5-10% and you can expect four to six trades every month. To receive a risk-free trial and save 50%, click here now! | 
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