Possible Buy Signals

If you followed my previous comments on potential trade opportunities, then you should be sitting in profit right now. Several of my trade ideas hit their buy signal and are well into profit territory. You can see these tickers below.

If there is a true market rally taking place, then I wouldn't worry too much about losing money on these trades.

There are some other stock tickers that are setting up for a good trade opportunity. Especially after today's very bullish green day.

Most of these companies are consumer related and thrive when the consumer has more disposable income. We might not be in the best economic environment for these types of companies, but the technicals are calling for some potential upside in these names.

These stock have been beaten down over the past several months, so they are at a relative discount. Their long options contract premiums have fallen drastically as well, adding to the relative discount.

I am weary of the retail sector, but this technical setup can not be ignored. ASO is near a very long-term support. If the price can rebound from here, it would be very bullish. If the price climbs above the resistance level I have highlighted, then I will likely enter into a long position.

On the other hand, if the price drops below this support level, then it will look very bearish. Even though I try to only trade long positions in a bull market, I might consider going short at that point.

This trade follows the method as ASO. I would go long at the breakout to the upside. Again, watch out for a retracement.

This ticker has already broken out above resistance. This is after the price action filled the gap to the downside. It looks like that gap was a strong support so far. You could go long here or wait for a retest of support. I would strongly consider going short if the price drops below the previous support.

As always, I am not a financial professional, and this is not investment advice. Be careful and be patient. Dont anticipate the market. Rather, participate in the market. Don't invest money that you vant afford to lose. Give some of your investments time and know when to cut your losses.

Don't be greedy. Don't invest in anything you don't understand. Don't put all of your eggs in one basket. Don't listen to the hype. Don't fomo or panic into or out of trades. Do your own due diligence. And just follow the trends. A trend is your friend. Good luck trading.