Chart Request
CMT looks at your charts
I had a fun time at the timing research event this morning (full vod here), showing off Trade Ideas (STATSEDGE at checkout for 15% off) and going over charts the users requested. I highlighted some of the ones I found interesting here.
On Uber (UBER)
Recently turned profitable, which is huge, currently consolidating after a big rally
Watching the $30 level on the daily chart as a key support to hold
On AMD (AMD)
Earnings are coming up on 11/1, so be careful around that
Watching the $100 level, which aligns with psychological resistance and rising 200DMA
On Meta Platforms (META)
One of the only stocks holding up well during market weakness
Forming a potential "cup and handle" pattern ahead of earnings
...And analysis on several more names. I provided insights into his technical approach throughout:
Focuses on daily/weekly charts for swing trading
Uses simple indicators like 200DMA, anchored VWAP, SPY for context
Identifies and trades in the direction of the overall trend