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Stocks in this video: B N T X SOFI RCL CHGG PLUG CHPT FUBO
PATTERNOLOGY LAB was founded to specifically provide educational content on Technical Analysis, candlestick patterns, and price action. This channel features the thought process prior to taking trades. My best practices along with my mistakes are shared to help you grow. WE DO NOT GAMBLE! EVER!
DISCLAIMER AND WARNING
In all financial markets, the opportunity to make money comes with a risk that must not be neglected. Always stay aware of the risks and be willing to accept them. Never trade with money that you cannot afford to lose. We are not your financial or investment advisors. We cannot and will not be held liable for any actions you take as a result of our opinions and the content in this channel, any of its social media platforms, or websites. The information provided on this channel and on its social media platforms is purely for informational purposes only, and they are meant to be taken as opinions. Always stay skeptical and do your own research before participating in the financial markets. Nothing in this channel are recommendations, all the content provided are our humble opinions only. The performance of chart/candlestick patterns discussed on this channel is not necessarily indicative of future results. Technical analyses are not absolute and are prone to change due to future market events. Investing in any market is very risky and the risk for significant losses is substantial.
For more knowledge on Finance, Business, and Money: investing tips 2021, long term stocks 2021, #stock , safe stocks to buy now, put options, options trading 2021, #options trading strategies, robinhood investing 2021, #trading patterns, best robinhood stocks 2021, best stocks to buy 2021, swing trades, top stocks 2021, top stocks to buy 2021, financial education, DISCORD , how to invest 2021, financial education, stock market 101, stock market for beginners, stock market crash, stock market today, stock market news, stocks to invest in 2021, stock trading for beginners, swing trading 2021, swing trading for beginners, Elon Musk Tesla, best stocks to buy right now, best stocks to invest 2021 robinhood, webull , best stock apps 2021, top stocks to buy now 2021, top stocks July 2021, best cheap stocks to buy, top cheap stocks to buy, stock market for dummies, stocks to watch.
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DROP YOUR QUESTIONS REGARDING THE PRIVATE DISCORD IN THE COMMENTS 🔻🔻
🔥Patternology Lab MERCH ▶ https://patternologylab.creator-spring.com 🔥
💎GETTING STARTED IN THE STOCK MARKET? Here are the steps: 🔽🔽
🔥 Get 2 FREE stocks, one valued from $8-$1850 on: https://act.webull.com/k/uU2v7otrgyGi/main
🔥 To open an account at TD Ameritrade, use the link: https://start.tdameritrade.com/select ➡ Then choose Individual Brokerage (under “Most Common”)
🔥 To Download Thinkorswim: use the link https://www.tdameritrade.com/tools-and-platforms/thinkorswim/download-thinkorswim-desktop.page
In this video, I break down extensively the Top Stocks to buy now for this week. PSYCHOLOGY and ANALYSIS are also included (as always).
💎 Daily Stock Analysis Videos are released 6PM-10PM CT.
✅LIKE & SUBSCRIBE & Hit that notification 🔔 | IT HELPS SPREAD THE KNOWLEDGE TO MORE PEOPLE 🤝🏽
Sincerely,
Paul N'Gumah, CEO & Founder of Patternology Lab
If you have any comments or questions, Don't Be Shy! COMMENT below and I will respond or make a video!
MY FAVORITE DAY TRADING BOOK
📚 https://amzn.to/2YY1LU1
My Studio Equipment:
🎤: https://amzn.to/2NQFu4g
📸: https://amzn.to/38t1Cek
💻: https://amzn.to/3eZDuCP
📺: https://amzn.to/2YZZDeJ
My Trading Desk: https://amzn.to/2YVCBW8
Follow us for daily posts and updates on:
Instagram: https://www.instagram.com/patternologylab/
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Facebook: https://www.facebook.com/iampaulngumah
Tiktok: @paulngumah
Stocks in this video: B N T X SOFI RCL CHGG PLUG CHPT FUBO
PATTERNOLOGY LAB was founded to specifically provide educational content on Technical Analysis, candlestick patterns, and price action. This channel features the thought process prior to taking trades. My best practices along with my mistakes are shared to help you grow. WE DO NOT GAMBLE! EVER!
DISCLAIMER AND WARNING
In all financial markets, the opportunity to make money comes with a risk that must not be neglected. Always stay aware of the risks and be willing to accept them. Never trade with money that you cannot afford to lose. We are not your financial or investment advisors. We cannot and will not be held liable for any actions you take as a result of our opinions and the content in this channel, any of its social media platforms, or websites. The information provided on this channel and on its social media platforms is purely for informational purposes only, and they are meant to be taken as opinions. Always stay skeptical and do your own research before participating in the financial markets. Nothing in this channel are recommendations, all the content provided are our humble opinions only. The performance of chart/candlestick patterns discussed on this channel is not necessarily indicative of future results. Technical analyses are not absolute and are prone to change due to future market events. Investing in any market is very risky and the risk for significant losses is substantial.
For more knowledge on Finance, Business, and Money: investing tips 2021, long term stocks 2021, #stock , safe stocks to buy now, put options, options trading 2021, #options trading strategies, robinhood investing 2021, #trading patterns, best robinhood stocks 2021, best stocks to buy 2021, swing trades, top stocks 2021, top stocks to buy 2021, financial education, DISCORD , how to invest 2021, financial education, stock market 101, stock market for beginners, stock market crash, stock market today, stock market news, stocks to invest in 2021, stock trading for beginners, swing trading 2021, swing trading for beginners, Elon Musk Tesla, best stocks to buy right now, best stocks to invest 2021 robinhood, webull , best stock apps 2021, top stocks to buy now 2021, top stocks July 2021, best cheap stocks to buy, top cheap stocks to buy, stock market for dummies, stocks to watch.
Everybody welcome back to the channel in today's video i'm going to be sharing with you, a stock that broke out today and it's ready to explode tomorrow, and i'm also going to be answering some of you guys. Questions like we always do here on this channel right. After the intro all right y'all before we begin again, do not forget to annihilate the like button on your way in and also don't forget to subscribe. If you are new to the channel all right, so let's get started right off the bat.
We got the spy over here and, as i told y'all in my last video, i told y'all that i am not bearish on the spy. I explained to you that there was some buyers who stepped in to push the market higher overnight. There was this ascending triangle and it popped out at the open and now we're consolidating it's almost in that circle. Over here i haven't touched anything i think in the morning we're going to get there again.
The price target for the spy for the overall market is 46.40 all right and the sooner we get there the better. So if you have some calls, this is definitely a hold. If you have some calls on the spot, i mean now the stock that broke out today, and that is ready to make a huge move tomorrow. That stock is b n t x, all right and b and t x again this one we've took a few trades in the past on this one.
It's been it's, it's a good start to trade. It's a pretty nice stock trade. I like it now the pattern that i want to show you guys on this. One is right there.
If you change this thing to the four hour time frame and you zoom in closely right here, you can clearly see that there is a bullish tenant right on the chart right there, all right and it broke out free market and then a retested again. These wicks for all of you who are beginners whenever you see wicks like this. These are buyers all right, so the wicks, the wick appeared um, it retested it held and then noon came around and people started buying up some more and then as soon as it broke 285. We got in with calls.
Yes, i do have calls on this. One. Um, where is this thing going to go? I definitely think that is going to run all the way up to 315 dollars tomorrow. It would be nice to see it tomorrow, um.
It will be really really nice, so i can like just take off some money and pay myself first and then, if it was to go higher later, that's great um. Could this move last more than one day? I definitely think again. It's still trying to rebound from these previous lows all right and if you look on the left side up here, if you read up the news, you can clearly see that there is some news about the cdc recommending the vac for young children between the age of, Like five and eleven so um, it's it's there, the news there is bullish, it showed up like in the after hours and as you can see after hours, it's already up by like 10 since um 285, all right, but it has more room to run and plus The out of the money contracts are gon na, get cheaper, well, they're gon na get a little bit cheaper because a day has passed and theta will be taken into account again. So just keep that in mind, so the cheaper, the contracts are the more gains. There is to be made in a way yeah, so um definitely keep this one on your watches for a move up to 3 20 tomorrow now, let's talk about you guys stocks of interest again for those of you who are new. We always do this here. If you have a stock of interest, definitely drop it in the comments section of the video alright, now the first one, the first one is sophie all right and in regards to sophie um, i don't think i've talked about this one too much actually um. It had a tremendous move yesterday today is consolidating and i don't think this move is done quite yet um.
I think that is going to run all the way up to like 27, maybe 28 um. The reason. Why is because there is this giant flag right there that kind of broke out it broke out like not too long ago, um, and also again, i literally just told you all for all of you who are beginners whenever you see these wicks right there. This is a dragonfly doji right filled with buyers um.
I do expect this thing to go to open up at 23 and then maybe run to 24. All right, i'm not bearish on sophie at all the setup is there. It took a while to actually like get up to the top, but now the volume is kind of picking up, which is nice. Earnings is around the corner.
Could we consolidate here maybe go to like 24 or 23.50 up to earnings and then ernest is gon na decide his fate, whatever wants to jump up or just stay at the same spot again so again, any of these two could happen any of these two scenarios. So that's my very honest opinion on sophie, i'm long, biased on the stock um, the next one that we're going to address in this video. Let's talk about rcl: let's do a little recap on it. So rcl um again, i talked about tribal stocks.
Yesterday, after the breakout following this flag and it kind of retested that previous level of support right over here, as you can see, it drops right there to that level and fire stepped in and pushed it even higher. I think it's gon na consolidate just a little bit towards 88 dollars and then eventually it's going to run to 91, i'm still bullish on cruise lines. So that's my very honest opinion on the stock. All right, i wanted to do a recap on that one, because some people asked about it in the comment section um, the next one that we're going to address.
Somebody asked me to talk about shag. All right and shag shack had earnings and following earnings they got demolished, it dropped by like 50 percent. This was again for people who got puts their congratulations and know those puts printed a lot. The stock dropped by 47 and whenever a stock drops by so much so rapidly, fundamentally, there is something a little shaky with the company like it's not a good.
It's not a good sign. Dropping 50 post earnings. It's gon na take a long time for the stock to recover all right. If you take a look at the daily time frame, um the daily chart right now, it's kind of um, it's it's! It's this massive island gap reversal. You see the gap right here. There's a gap on the left, and then we got this whole island. This whole island to trap a lot of people going long again um. This is pretty nasty um, it's hard to predict when the gap down is gon na happen right.
If you see the left side, it's really hard to predict because it could have happened over here at this earnings. It could have happened right there um on the 10th of october right. So again, if you got puts on this one, congratulations where's! It gon na go next um. It's gon na keep slowly fading all the way down towards, like 25, all the way in this region.
Before we see some sign of life. This is not something that you want to dip by. If you did buy this because you think such a great opportunity, i would just tell you to be careful. That's all.
I will tell you because i'm not i'm not touching this thing. I'm definitely not touching this thing. So um. Do you um? That's my very honest opinion on the stock uh, the next one that we're going to talk about in this video we're gon na talk about plug and in regards to plug it had a massive run, all right um it had a massive run following.
I think there was a there was something going on here: it's not okay, yeah it is yeah there. It is. There was this triple bottom left, um, middle and right, and then there was the run right there and i just kept running and running right now. Um.
I would tell you that it's going to fall back a little bit towards 38 um before it consolidates some more and gets into earnings. So a drop would be nice consolidation to earnings right there. Earnings is on the eighth or the ninth yeah, the ninth after hours. So ernest is gon na decide his fate again.
Um, don't gamble through earnings. I know it's very tempting and i know you want to you think that oh earnings is gon na push it up to fifty dollars because it's been a fifty dollars before. So why not? I think it might do it again. No um, it's it's! It's gambling! All right! It's gambling! You don't know, what's going to happen, so manage your risk.
If you're gon na hold through earnings, i'm not holding it too, i'm not holding anything to earnings at all and i'm just gon na be winning on silence to see what happens with this stock. It's a very honest opinion on that one. If you made money on this move, just don't don't be too greedy, like after hours, it's already down by 50 cents, and i think it's gon na go down some more um the next one that we're going to address in this video. That stock is charge, points and updates on charge.
Point um congrats to anybody who was in this since, like 24, there was some nice money to be made right, um, the move was good. People made money great and today today wasn't such a good day um. I wasn't expecting. I wasn't expecting this massive dump right there um the i what i've seen, especially with this with this pattern. Um today was supposed to be the day where it goes up by a dollar, but instead it went down by a dollar so which that's that's really frustrating again. I told you. I took some money off yesterday at 26 left some in there just in case that actually happens. But when i saw this right there, this drop um, i was a little skeptical.
I i didn't think it could quite pull it off and plus. I was on the way back from the gym. There was some traffic i showed up at the office 10 minutes after the market opens, and then i realized that this thing was right over here right there. It already changed to like 24 to 2460.
So what i did was, i took a lot more money off the table from this one and from blink, because these two kind of move together right over here at 25, because when this happens, this is usually the second chance that the market gives you the market. Can be kind of generous, it's usually generous, it's not so cool where it would just take and slowly fade and fade and fade, especially after massive moves like that. So, yes, the market does give second chances, so you have to be cognizant. You have to be well aware that it happens and you have to be, you have to acknowledge it and you have to take your money off the table or if you are, if you lose, and you have to take some of that money off that way, you Don't experience the bigger loss um, i do have just a little bit more calls on there just a little bit, not not a lot just in case it behaves the daily not looking too terrible, not looking too terrible, i'm the reason why i took the skulls off.
Also is because they expire on friday, so um. Could we see a little curl over here like? Could it take a sweet time before re-testing 26 we'll see we'll see, but if tomorrow is slow, i'm just gon na get rid of it. If it's slow tomorrow, all right, so that's my very honest opinion on that one. That's an update for anybody else who took that trade with us all right now, the last one that i want to talk about um in this video somebody asked about food and regarding fubu um, there is a bull flag on the chart.
It's right there, all right! There's a bull flag on the jar it broke out yesterday on thursday, and it ran again today: um not thursday. Yesterday was monday all right. It broke out on monday and ran again today, um here right there at the bottom wait. These are buyers all right, preventing the stock from collapsing.
It has more room to the upside. I think you can get to 36 dollars um. I wouldn't be surprised to see that move tomorrow before it consolidates tomorrow. So a move like this, followed by consolidation to earnings and then earnings is going to decide its fate. I'm not, i feel like ernest, is going to take it up to 38 and then eventually we will see 40.. That's usually what tends to happen. Um the play. The pattern on daily is is actually pretty clean, so i'm not bearish on fubu at all, so watch fubu for that move.
Okay, now yeah, that is the end of the video again, do not forget to annihilate the like button for the youtube algorithm. As always, it helps the channel a lot and allows more people to get this knowledge as well. Also, if you are new to the channel, definitely click on subscribe and click on the notification bell, along with notifications. That way, you don't miss out on future uploads.
If you would like to be part of a private discord community, you can find that as the very first link in the description of the video below. If you're not follow us on social media, you can find me at paulin luma and i've got a knowledge lab on instagram and on twitter. And lastly, if all of this is brand new to you, if you're interested in getting started in stock market i'll leave some very basic, step-by-step directions in the description of the video below step, one to step three, it only takes about 15 minutes or less for you To get sign up with all the tools you need to start trading immediately. You can also get two free stocks, valued up to 1 850 right after you sign up with weeble using the third link in the description of the video below muscularis gentlemen.
My name is paulin guma, but analogy lab where we trade patterns and patterns only - and i will see all of you in the next video alright enjoy the outro. You.
What is your take on VLD? Where is it headed? Any targets at the moment?
Paul please comment on pltr
Nice video as always, but I was expecting a strategy of sort to double profit because I came across an investor that grew a profit of $380K in 2months from 150K and I'd really love to know how I could double my profit within a short period of time.
What do you think about Nio ?
Could you do DWAC and PROG. Thanks!
Hi Paul, what do u think about SAVA?
Forex trading seems to be really difficult, I have studied and made good analysis on the market, I've also used trading bots and yet I still make losses, it's really frustrating but i'm gonna keep my head up on it as I see a lot of investors winning from the forex market.
What are your thoughts on Mara
Hey bro, thoughts on BENE?? At these prices, seems like a no brained to buy and hold.. remember to smile bro!!
How bout BNGO, FCEL and SKLZ? The are bouncing back but did not clear current resistance except BNGO
UAA crushed earnings, almost no resistance on its way to $30
I also love FNKO going into earnigns. Added an NFT after last earnings. that and all exclusives sell out day of. collectors dont care about supply chain, they just want to be sure they get the product. FNKO will beat for its 5th straight ER
Talking about stocks, Forex trading is the most profitable venture I ever invested in, I reached my goal of $120k monthly trade earnings. Wondering if viewers here are familiar with Laura's trading strategy ..?
Hey Mr Paul. I had to flag a bunch of comments here. Hope it’s cool. You seems ultra sincere, not used your tips yet. Hope to soon.
Don’t text on numbers mentioned it’s scam ,I lost my 3k
What companies are does pls
can you talk about PayPal?
CRTX…. a better play than SAVA, which was 800% gainer. This will gap fill from 14 to 60. You do the math!!!!!
$560,000 profit in just 4 weeks, Elizabeth Armstrong Palmer's trades is the best.
An opportunity that was once a fear is now my full-time career. From an investment of $3k as beginner, I'm almost at $18k. Thanks to Helen Paul strategies…
Money is essential in everyone's life and investing is the only way to bridge the gap between the rich and the poor. I'm so happy I've been earning $18,000 returns from my $6,000 investment with Mrs Elizabeth A Palmer every 13 days ..
Nobody can become financially successful over night. They put in background work but we tend to see the finished part. Fear is a dangerous component, hindering us from taking bold steps we need in other to reach our goals.
Can I get your thoughts on Activision blizzard?
Wats a good stock to invest in cashapp for long term
Can you check out
GE
ANF
IWM
All 3 look ready to explode and wanted to hear your thoughts
Hi Paul please reveal about fb
What is the stock to buy for long term
avis budget (CAR) went KABOOM on earnings… didn't see that coming.
AMC life changing money. HODL
Man I got a plug call for dec 2nd for 45 now that mentioned earnings im tempted to pull out lol
I just got money from a Chegg class action lawsuit no joke
You caught me red handed when you said that it’s tempting to hold positions on earnings and that is gambling and that you knew that I wanted to do it.😂🤣💀
Thoughts on SPLK? Thank you!