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So all right, good morning, everyone welcome back um as always drop those tickers in chat, and just so you know it's going to be a quick one. Today, um many of you know, i vis, i'm uh came to aust beautiful austin texas for some meetings this week and then i am flying back this morning, but i still have to do a steady trade team webinar. So i got to pack my bags. I got to get my stuff around and get ready to head back home.

So that being said, what do i always say it'll be a little quicker. Let me get to as many questions as i can, but i'm always here for you baby, i'm always here. You can't you can't, kill the old man um dash. What do you think about a swing trade doordash um? Well, what i normally like to see is a confirmed breakout on dash nice little move last few days attempting to fill the gap.

My con, my concern, would be that um. I think i think you're going to run into a some resistance level. Let's talk a little technical analysis. Shall we so right there that line? Basically, right in that 212 215 area was resistance, not only well well january, basically january february march, that that 210 215 212 area ish was resistance.

Stock majorly failed in march after struggling to break that area. Retested it in september could not break retested it in october. Could not break and then here we are back to filling the gap. Now point is nice to see it gapping up nice to see trend, but if you're entering now, i think you're, you know you you're assuming things you're hoping for things the i the idea with trading these recent i plays recent ipo.

You know this is a newer issue. You want to trade, the breakout, so that's my opinion, but hey nice to see, but you see what i'm talking about right. Normally i'd get the whiteboard out and i do the little circle thing and show you what i mean. But uh, can you talk us through evacs, please, of course, of course i would be happy to as long as it's not some ill-liquid otc but um.

So we had some news drop last night, big spike last night, um breakouts at 10, currently at 20.. What do these guys do? Um, cancer, okay, um. I always feel like i got to give the disclaimer whoops. Let me do this dash.

I think you're early on this um, i always give the disclaimer, because i feel bad saying this, but traders love cancer. Okay, cancer, people pile it. You know remember when i talk about like nobody cares about covid penny stocks. Okay, people still care about cancer stock.

It's emotional yeah yeah and i know i go back to this point a lot but remember the majority. Oh you're, probably so sick of hearing me say this. The majority of what we do in in day trading, particularly, is trade emotion. Okay, cancer is emotional all right.

So that being said, 20 million float, 2 million shares kind of lame volume and pre-market. Speaking of the old man, it almost seems shocking to say this, but you know 8 30 a.m and i'm like two and a half million shares, and you know two years ago, five years ago, ten years ago, i'd be like. Ah, can you believe this cancer stocks trading 2.5 million shares at 830.? It's madness. 2021, i'm like so anyway, 19 million float, 2.5 million shares traded, not bad.
I would look for breaks like that. 26 area. What's oracle got to say: um, i'm assuming oracle likes this and the oracle's all the way uh oracle's more aggressive than i am a lot of range on this. So oracle sees major resistance at 20 and 30.

um. I would probably split that diff split the diff. All my mechanic homeboys will know what that means: um, maybe my worst dad joke anyway, uh possible dip and rip looking at 25. qualcomm man, it's qualcomm at 52's, probably just like every other semiconductor.

Let me let me guess: qualcomm's at 52s, without even looking at the chart, frequent yeah, of course um this on the weekend or the weekend watch list a ton. Well, not at 52s. Sorry, nine month highs so semiconductors communications networking, you know, boring slow mover, but i mean this checks all the boxes for an earnings winner swing trade. So remember what we look for.

I got the webcam on right yeah, so so it checks every box. Recent, i mean i mean a darling of the stock market stock market um been on the weekend watch list. I don't know how many times last year, semiconductors communications, multi-month, breakout, earnings winner, then what we look for entry we like to avoid the morning shakeout, let this consolidate near v web. If it's above v app.

What do we say? Buyers are in control. That's your buy signal. You risk a v web fail if it's below v web. You wait.

You know, maybe you put it on your watch. You re-attack tomorrow, you reattach monday standard standard standard stuff for earnings, winners in a hot sector, again semiconductors, it's yeah! So now always understand huge gap up. Okay, you got to understand this is a 1.1 billion or what 172 billion market cap stock 10 gap up understand you got ta have realistic expectations. Okay, is this gon na go another 10 tomorrow very unlikely, but could it close near the high of the day today grind a couple percent tomorrow grind a couple percent monday keep grinding for days or weeks, and then you got a nice safe day.

Trade like return. Okay and when i say that i mean listen, this might just keep on grinding. Maybe you make 20 30 in in days or weeks, which is a day trade like gain, but it's not a wacky nut job stock that you watch. It got ta watch every single! Second of the day, so um that being said on the youtube, is the uh uh the swing trade course and listen.

This. This is a great example of that so go to the go, obviously you're already on youtube, but go to the swing trade course or go to stocks to trade dot com. Free training, nicole, will drop the link in chat for me hopefully, and i'm out good stuff. Today again i know quick in and out, but i'm here for you i do need to get ready for my flight and i do need to do another webinar, so um, most importantly, as always have a great day and we'll see you tomorrow morning.
So you.

By Stock Chat

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6 thoughts on “Pre market prep- stock market 11/4/21”
  1. Avataaar/Circle Created with python_avatars mattsskyline says:

    is stt stilol doing that 1month subscription for 7$or something like that to test it out?

  2. Avataaar/Circle Created with python_avatars Nathan Martin says:

    Awsome lesson Tim, great explanation…… thanks for the help. Have a safe trip.

  3. Avataaar/Circle Created with python_avatars essem says:

    Timmy Booboo

  4. Avataaar/Circle Created with python_avatars Thomas Wayne says:

    Money is an issues that everyone has for a better and luxurious life. Life was hard for me Untill I started trading bitcoin and now earning $8,435 per week!!!

  5. Avataaar/Circle Created with python_avatars B & E Travels says:

    Thanks Tim B.

  6. Avataaar/Circle Created with python_avatars Daniel Dalton says:

    Thank you Tim

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