A WEEKEND POST - June 11

Stocks iam looking at for next week. I don't predict the price for next week, I'm looking for an entry next week to reach a target price in the next few weeks to a few months.

I don't think I have done a post like this, maybe i have, but if I have, it's been a while. Let's see how this goes.

These are just some stocks to look at. If price action confirms my predictions, then I will be entering positions. Now, sometimes things come up, or better opportunities present themselves, and I can change on a dime, but thats called trading 😉

Going through the moomoo candle pattern scanner. I came up with 2 that I like. I chose 2 because iam familiar with the stocks. I have held them before and therefore have something of a base to chart a pattern for them. There are lots of stocks on the candle pattern scanner.

If you are unaware or unfamiliar with moomoo. there is an EXPLORE section where you can compare stocks, set a screener, view volume flows, and track institutional investments. (that seems like a lot of good information in one place 🤯)

Here is how to use the moomoo candle pattern screener.

First

Go to moomoo Discover

under Discover select Markets

That will take you to the Markets page, under the Markets page select Explore.

In the Explore section some of the other features used to gather information are shown, including; Heat map,  Trend Projection, stock screener, and Stock compare.

But to find the candle screener we need to scroll down past Institution tracking, and Market monitor

below Market monitor is our Candle pattern tool.

When we click the arrow to the right of Candle pattern that takes us to the full pattern list. It starts with the bullish patterns and you can scroll through them to the bearish patterns, or choose the direction you would like to see.

I scrolled through all of them and as I said, I selected 2.

Under the candle pattern of BULLISH FLAG I selected RKT $Rocket (RKT.US)$ . As a side note, l also, really, really like the mexico play here for the next few months. Also I don't hate Hagerty $Hagerty (HGTY.US)$ , they provide insurance for classic and collector automobiles. People that have classic and collector cars ARE NOT GOING TO CANCEL INSURANCE. They can afford it, and they will pay whatever to keep it. I also like Intel $Intel (INTC.US)$  as an AI play that has not ran with the others. OK, I talked myself into it, I will chart 4 stocks... I really like the idea of investing in Mexico and ETFs ( $Mexico Fund Inc (MXF.US)$ ) are a great way to play it, but I am playing mexico a different way.

Here is RKT. Rocket is a mortgage company, but it also provides personal loans and offers a personal finance program. I use RKT, I had lots of issues originally but their services are getting better (to be honest, I would hate me as a customer 😆 I'm somewhat of a perfectionist and if you ask for feedback you're going to get it).

Here the green vertical lines mark similar readings on the indicators. near mirror images. The horizontal green line marks similar points in price. Notice the price action approaching the horizontal green line is near identical. So, if we have similar patterns forming and similar price action we can reasonably assume a similar outcome. Previously that was about 30% gain in 12 days. But that would just get us back to 11.11 and bullish flags like to run most of the length of the original run. The original run was 4.48 dollars (nearly doubling) in 23 trading days. Taking this into account I have a target between 12.3 and 18 in the next 25 trading days (time is the least accurate)

Classic and collector car insurer. The best 👌  they replace with original parts or compensate for the loss (a collector car with a new part is no longer a collector). Target of 12 nearer term, 18 longer term.

Setting up over the breakout line, all the Moving Averages are under the current price (MAs under price lift it up, MAs over price push it down). Near term target of 34. Longer term tharget is over 60 (look at the monthly chart)

Callaway makes golf equipment and apparel. Again people who can afford to golf will, if they like the Callaway brand they will not change. Solid company, solid business.

Similar setups. I expect similar results. Near term target of 21.64 and possibly up to 28 over the summer.

I hope you enjoyed this type of post. I may try them more in the future. Until then -

Be Safe, Be Careful, Be Wise

and as always

Good Luck