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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 2022, long term stocks 2022, #stock , safe stocks to buy now, put options, #options trading 2022, options trading strategies, robinhood investing 2022, #trading patterns, best robinhood stocks 2022, best stocks to buy 2022, swing trades, top stocks 2022, top stocks to buy 2022, financial education, DISCORD , how to invest 2022, financial education, stock market 101, stock market for beginners, stock market crash, stock market today, stock market news, stocks to invest in 2022, stock trading for beginners, swing trading 2022, swing trading for beginners, Elon Musk Tesla, best stocks to buy right now, best stocks to invest 2022 robinhood, webull , best stock apps 2022, top stocks to buy now 2022, top stocks 2022, best cheap stocks to buy, top cheap stocks to buy, stock market for dummies, stocks to watch.
🔥DISCORD COMMUNITY🔥 ▶ https://launchpass.com/patternology-lab/premium
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 🔔 FOR DAILY UPLOADS | 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/
Instagram: https://www.instagram.com/paulngumah/
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Twitter: https://www.twitter.com/paulngumah/
Facebook: https://www.facebook.com/iampaulngumah
Tiktok: @paulngumah
Stocks in this video: HRL RCL BABA DLTR
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 2022, long term stocks 2022, #stock , safe stocks to buy now, put options, #options trading 2022, options trading strategies, robinhood investing 2022, #trading patterns, best robinhood stocks 2022, best stocks to buy 2022, swing trades, top stocks 2022, top stocks to buy 2022, financial education, DISCORD , how to invest 2022, financial education, stock market 101, stock market for beginners, stock market crash, stock market today, stock market news, stocks to invest in 2022, stock trading for beginners, swing trading 2022, swing trading for beginners, Elon Musk Tesla, best stocks to buy right now, best stocks to invest 2022 robinhood, webull , best stock apps 2022, top stocks to buy now 2022, top stocks 2022, 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 we're going to talk about stock that is ready to explode tomorrow and why you should keep it on your watch list. I'm also going to be answering some of you guys, questions for those of y'all who dropped the stocks of interest in the comments section of this morning's pre-market analysis. Video now before we begin, do not forget to annihilate like button on your way in and also don't forget, to click on, subscribe and click on the notification bell. If you are brand new to the channel all right.
So, let's begin right off the bat got the spy. The spy did his thing today. Um there was opportunities for the long for the shorts first in for the longs max um, i told y'all this morning. I think i gave you the play-by-play.
I did. I told you all this morning that i wouldn't be surprised to see the market pop out here and get to 47 10.. It got to 47 11 and then tank right, so it played out to perfection. I literally gave you other play-by-play.
This is it right here? This right there it played out nicely it didn't quite get that low, but this was a good chunk of money if you uh day trader right and then um it bounced up and now it's looking like it's ready to actually go back up. The reason why i say that, even though, even though the spy looks like this um, even though the spy is not quite down here yet - and i do think that we're going - and i think that it's going to bounce tomorrow - it's because of if you look at Qqq nasdaq to check out nasdaq we're gon na talk about it for those of y'all who are new to trading. I talked about why the first and the second drop happen. I explained that to you in great detail and uh right now.
The one thing, the one reason why i'm very bullish on qqq is because of this. There is a flag on here, there's a flag on here. It didn't break down it actually held at the close, which was a wonderful sign, um, that it was going to be bullish and break out after hours, which it actually will right now, probably here and then open up at like 388 and run and break past. Above, like and yeah and break past above 390., so i'm bullish on tqq.
Therefore, therefore i it's, the odds of the spy running are great all right, because the most of the time, unless there is some rotation happening, the majority of the indices move together. So definitely wash the um definitely watch for more buying influx in the market, more money coming in now. The stock that is about to explode tomorrow that stock that stock is none other than baba. All right, we're gon na talk about baba um.
I talked about it previously, but and that was actually in another video, but in regards to this stock. I like this stock. A lot and y'all should keep it on your radar. I think it's going to run and i think it's going to run big and the reason why is because of this? If you look on the 4 hour and you zoom in right over here, you clearly see that there is a megaphone pattern right over here right. There at the lows right there, let me just finish drawing that there you go all right. So that's the that's the megaphone pattern right over here. It broke out once that was yesterday and it opened higher, despite the sell-off and the selling pressure that the market was experiencing today, which was a really really good sign that um that the chinese stocks are hitting up and ready to move up. There was also some news about charlie munger loading, the boat on this one so um.
I guess it makes sense. Technically speaking, this is quite clean. It's quite a clean structure. I like it a lot.
It's not the first time that we have done this. We have traded a different, um megaphone pattern that looks kind of like this. I think i also showed you all that previously um. I think it was intel yeah there you go see same thing break the pop, so i think that baba will be no different.
It will be no different, i think it's going to fly and i think it's going to run. If you look at it on the daily, it is down by so much. I think this is negative. 66, maybe negative 70 from the highs of 320.
All the way down to the lows of 110, that is exactly 65 percent. I don't think it's going to go any lower. Previously, i told y'all that 10106 was as low as i could see this thing going. It didn't even get that low buyers are stepping in.
If you look at the bottom move volume coming is coming in, there is a gap right here on. The left is going to get filled at some point in time, and it would make sense if they got failed tomorrow, and it will make a lot of us. They'll be very happy, so um watch this one for tomorrow all right watch this one for tomorrow. Now, let's talk about you guys stocks of interest, the first one that we're going to address that stock is hrl all right now in regards to this one, it's um.
Obviously it's at the highest would i recommend somebody buying it up there. No, i wouldn't. There is resistance right over here and yes, tomorrow, maybe a bullish day for the whole market, most likely the whole market, but i don't think this thing is gon na pop. Above here i think i think it's actually going to drop, it would be nice and it would be more more attractive to buyers if it dropped to 47 before giving it another go and running and breaking about 50..
But that's that's my honest thoughts on it. I could be wrong or they could just break through and follow the cues like if you just run right through. I could be wrong, but i i think i think the best case, the best thing that could happen with sucks just chill here for a few months and then run eventually all right now, another stock somebody asked if i was still bullish on rcl. I told you all two days ago that we got rid of ba at 218 and i also shared this one with y'all too in that video that i talked about.
You know that i talked about ba now. The pattern was here: the opportunity was there, people who got in here made money here and made money here before i started rolling over. Could it bounce most likely yeah? How long is it going to take to get up to 90? I don't know like it could. Take a sweet time consolidate some more and then run today. There was some bearish news on cruise lines which caused this thing right here, which caused this thing right here. I don't know what it is. I didn't look at it. I saw it in the moment and i was like what is going on, but i think i think it's just temporary.
It's going to bounce eventually, all right. The time to sell was when we sold nba when ba was at 218 um rcl was at 84 all right and now b. I think ba is at one at 212 and it's ready to make it bounce as well so cruise lines, i am bullish on them. I just don't know when they're going to get up there, so that's my thoughts on them now, the next one somebody put in the comments section that the ltr looked fantastic on the four hour.
So, let's check it out all right. I see it um. I see it is it the cleanest? Probably probably, let me see. Let me see here if i make this wider, it's not it's not the greatest thing.
I've seen really, it's really really not um. If it keeps going great, if it goes sideways, i wouldn't be surprised either. I looked at the weekly as well. The weekly is not bad.
Like the weekly looks like he wants to touch 160 soon, um. Eventually, i think i think he's gon na again. Don't ignore this thing and trading up here is very uh. You you got ta, you got, ta know what you're doing and you got ta watch what you're doing.
If you trade in that these highs will be here because it could be, it could be something that looked like apple, and i mean y'all. Remember what i showed you with apple. It breaks out first that it immediately collapsed. Like we've experienced last two days um, it could be something similar to that.
You never know i'm not touching it uh. Even though yeah i'm really not touching this one, i'm not um there there's other stuff out there. That could probably pay me better than the lcr than this than this in the stock right here. So i'm gon na leave it alone.
Could it go up? Probably when is it going to get there? I have no clue so um now the next one that we're going to discuss that one is hood and a hood is causing a lot of pain, a lot of pain, it's just it's just going down and down and down, and it just doesn't seem to end Where is the bottom of that? I'm pretty sure. That's why you asked me to talk about this. Where is the bottom of hood? I feel like today might be the bottom, i'm just gon na call it. I think today's the bottom, i think it's going to run to like 16.
I think there's i'm looking at the the wicks on the four hour and i'm looking at the cubes and um how money is just flooded in the market. Some of it might trickle in here i think some of it might trickle in here. I don't think it's gon na go much lower than that, at least in the short term. Today, today, tomorrow i mean tomorrow, i think we have green day to like 17 or 18 bucks and then, after that i have no clue. So that's my thoughts on hood um and i hope that helps the person who asked about it. And that is the end of the video again. Do not forget to annihilate like button for the youtube algorithm as always helps the channel a lot and allows more people to get this knowledge as well. Also, if you are brand new to the channel, definitely click on subscribe and click on the notification bell, along with all notifications.
That way, you don't miss out on daily uploads, if you'd like to be part of a private discord community, find that, as the very first link in the description of the video below, if you're not following us on social media, you can find me at paul and Guma in the pediatrology lab on instagram and on twitter and facebook and facebook. And lastly, if all of this is brand new to you and you're interested in getting started in the stock market i'll, let 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 signed up with all the tools you need to start trading immediately. You can also get two free stocks spend up to 1850 dollars right after signing up with weeble using the third link in the description of the video below bless you, ladies and gentlemen, my name is baldwin guma for pedanology lab, where we trade patterns and patterns only And i will see all of you in the next video you.
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