How to interpret my Technical Analysis in my YouTube videos
[2-3min read]
Since it’s a public holiday in Singapore today, I shall share some thoughts on how to interpret the technical analysis in my YouTube videos.
For those who have been following my YouTube videos (thank you for that), you probably know that I always paint 2 scenarios (both bullish and bearish cases) when I do technical analysis (TA) on a particular stock.
Some may think, that’s equivalent to saying the stock will either go up or go down, or almost as good as not saying anything. Well, it’s not wrong for the former, because stock will indeed go up or down ![]()
As for the latter comment, I beg to differ.
Let’s take Tesla for example. I shared the following:
Let’s take Tesla for example. I shared the following:
- Bear case: If we enter the consolidation zone of 90-120, there is a chance for us to head towards 90 or 90s range.
- Bull case: If 120 holds, we could fly towards 140, or even 150. That’s at least 14% upside from 120.
If you know programming or excel formulas, you probably heard of the IF command / formula. Something to the effect of, “IF something is TRUE, return X result, else return NIL” - sounds familiar?
So let’s look at the above example again.
If you know programming or excel formulas, you probably heard of the IF command / formula. Something to the effect of, “IF something is TRUE, return X result, else return NIL” - sounds familiar?
So let’s look at the above example again.
I shared that Tesla will likely fly towards 140 or even 150 IF Tesla can break above 120, and hold it. So the IF scenario happened, and we are at 140s now. We hit as high as 145 yesterday, about 5 points short of 150.
But of course, we shouldn’t just rely on such IF scenario (support and resistance levels) only. If you can, add in other indicators or confirmation, which I will share more below.
But of course, we shouldn’t just rely on such IF scenario (support and resistance levels) only. If you can, add in other indicators or confirmation, which I will share more below.
So right now, the question is, will we hit 150 next? I don’t know, because nothing is guaranteed. I’m no god, and I don’t have a crystal ball. This means, even if the IF condition plays out, the end result may not happen. It’s always about probability. That is why taking profits is important, and stop loss is equally important too.
Now let me paint u the example that I got it wrong so that I don’t only share the good stuff.
Couple of weeks ago, I shared that Tesla has entered this consolidation zone of 90-120, and there’s a chance of it heading towards 90. What happened next was that Tesla went near the 100 psychological support and bounced up, and so we got out of the consolidation zone without hitting 90s range.
Again, repeating myself, the point here is, support and resistance levels are just one indicator to watch. Please add in other indicators or signals in your research if possible. Going back to earlier point on bullish signals for Tesla - on 9 Jan, I shared this: Macd had a bullish cross up, there was a RSI bullish divergence, and a bullish engulfing candle. Tesla also had good trading volume. All these are stronger bullish signals, which eventually outweighed the support level of 90 that I talked about.
Now let me paint u the example that I got it wrong so that I don’t only share the good stuff.
Couple of weeks ago, I shared that Tesla has entered this consolidation zone of 90-120, and there’s a chance of it heading towards 90. What happened next was that Tesla went near the 100 psychological support and bounced up, and so we got out of the consolidation zone without hitting 90s range.
Again, repeating myself, the point here is, support and resistance levels are just one indicator to watch. Please add in other indicators or signals in your research if possible. Going back to earlier point on bullish signals for Tesla - on 9 Jan, I shared this: Macd had a bullish cross up, there was a RSI bullish divergence, and a bullish engulfing candle. Tesla also had good trading volume. All these are stronger bullish signals, which eventually outweighed the support level of 90 that I talked about.
Tesla bounced from 9 Jan’s 119.77 (closing price) till 143.75 (yesterday’s closing price). That’s about 20% upside.
All in all, no trader and no trading indicators are perfect. It is therefore important to be nimble, take profits, set stop loss and switch side when needed.
The takeaway here is:
Trade what's happening. Not what you think is going to happen.
Nobody is always right. If every guru, analyst, Fintwit, discord and patreon owners can pick all bottoms and tops, they themselves and those who followed them will be millionaire in a year’s time and billionaires a couple of years later. With due respect, I am not saying these group of traders ain’t good. There are many capable traders around, and I believe they are nimble enough to profit monthly, weekly or even daily.
Anyway, am sharing all content for free. Do subscribe to my YouTube channel (check put my profile page) for weekly updates and basic technical analysis. Your like and subscription will be of great encouragement for me to continue to generate free content.
Anyway, am sharing all content for free. Do subscribe to my YouTube channel (check put my profile page) for weekly updates and basic technical analysis. Your like and subscription will be of great encouragement for me to continue to generate free content.
Quick disclaimer: Often, am just reading off what the chart shows me and what I really know (which ain’t a lot, just basic stuff haha ![]()
). And I always try to have a balanced view by painting both bull and bear scenarios. Feel free to extrapolate how and what you deem fit and add them to your own research if you wish. None of my content should be contrued as financial advice.
Cheers all. Wishing you a profitable investment / trading year!
Bonus:
Have been using some simple TA to trade options. Here’s a screen capture of my Tesla option trades. Only started trading Tesla’s options in Sep after its stock split. Small profits, but contented with it. If you’re confident, feel free to x5 or x10 the contracts below, and your returns could be 10K or 20K. I am happy with 2K-3K in 4 to 5 months for Tesla alone (excluding other tickers) ![]()
$SPDR S&P 500 ETF(SPY.US$ $Invesco QQQ Trust(QQQ.US$ $Tesla(TSLA.US$ $Apple(AAPL.US$ $NVIDIA(NVDA.US$ $Netflix(NFLX.US$ $E-mini Dow Futures(JUN4)(YMmain.US$ $E-mini S&P 500 Futures(JUN4)(ESmain.US$ $Dow Jones Industrial Average(.DJI.US$ $S&P 500 Index(.SPX.US$ $Meta Platforms(META.US$ $NVIDIA(NVDA.US$ $Sea(SE.US$ $Advanced Micro Devices(AMD.US$
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Moolah168 : Hi there. Can I check how do you sell put option in moomoo? U shorted the put option?
Cow Moo-neyOP Moolah168: Hey! Go to the individual stock page, select Options, click on Chains, click on Put, and then you will see a series of strike prices with its premiums and other relevant info.
Click on the strike price that you want to see, it will bring you to the transaction page. Place a transaction there like how you usually do for a stock. Remember to click Sell if you wish to sell an option
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