Disclaimer: Davis Capital research provides information and educational content related to stock trading for informational purposes only. The content is not intended as financial advice or a recommendation to buy or sell any securities. Davis Capital Research is not a registered investment advisor. The information provided on our platform, including articles, charts, and analyses, is not intended as financial advice. Users are encouraged to consult with a qualified financial professional before making any investment decisions. While we strive to provide accurate and up-to-date information, Davis Capital Research does not guarantee the accuracy, completeness, or reliability of any content on our platform. Users are responsible for verifying information before making any investment decisions. Trading stocks involves risks, and past performance is not indicative of future results. Users should be aware of the risks associated with trading and carefully consider their investment objectives before making any decisions. There are no guarantees of profit or protection against losses in stock trading. Users should be prepared to accept the risks and understand that investments may fluctuate in value. Davis Capital Research may provide links to third-party websites or content for informational purposes. We do not endorse or guarantee the accuracy of information on external sites and are not responsible for any content or services provided by third parties. Users are responsible for ensuring that their trading activities comply with applicable laws and regulations. Davis Capital Research is not liable for any legal consequences arising from non-compliance. The mention of specific securities or investment strategies on our platform does not constitute a recommendation or endorsement by Davis Capital Research. Users should conduct their own research before making investment decisions. Davis Capital Research reserves the right to modify or update these terms and disclaimers at any time. Users are encouraged to review this information regularly. By using Davis Capital Research’s platform, users acknowledge and agree to the terms outlined in this disclaimer.

1. $MRNA. Moderna, Inc.

High volume breakout above resistance, low volume pullback, and high volume coming back in to show support. This is a pattern I am ALWAYS looking for. Liking Moderna for long continuation with a stop below $99.90.

2. $MNST. Monster Beverage Corporation

Looking for continuation long here. $60.47 used to be previous ATH’s and this name had high volume buying coming in on Friday March 15th. I liked the S/R flip, stop will be a close below $60.

3. $MCHP. Microchip Technology Incorporated

Watching this name long. $MCHP and $QCOM have very similar steups right now. I would like to see $MCHP above $90 before longing anything. Technically, I like the high volume breakout of resistance, low volume pullback to former resistance, and the high volume buying coming in to support the S/R flip.

Here are the top 4 stocks we are watching for swing trades going into the week of 3/11/2024:

Disclaimer: Davis Capital research provides information and educational content related to stock trading for informational purposes only. The content is not intended as financial advice or a recommendation to buy or sell any securities. Davis Capital Research is not a registered investment advisor. The information provided on our platform, including articles, charts, and analyses, is not intended as financial advice. Users are encouraged to consult with a qualified financial professional before making any investment decisions. While we strive to provide accurate and up-to-date information, Davis Capital Research does not guarantee the accuracy, completeness, or reliability of any content on our platform. Users are responsible for verifying information before making any investment decisions. Trading stocks involves risks, and past performance is not indicative of future results. Users should be aware of the risks associated with trading and carefully consider their investment objectives before making any decisions. There are no guarantees of profit or protection against losses in stock trading. Users should be prepared to accept the risks and understand that investments may fluctuate in value. Davis Capital Research may provide links to third-party websites or content for informational purposes. We do not endorse or guarantee the accuracy of information on external sites and are not responsible for any content or services provided by third parties. Users are responsible for ensuring that their trading activities comply with applicable laws and regulations. Davis Capital Research is not liable for any legal consequences arising from non-compliance. The mention of specific securities or investment strategies on our platform does not constitute a recommendation or endorsement by Davis Capital Research. Users should conduct their own research before making investment decisions. Davis Capital Research reserves the right to modify or update these terms and disclaimers at any time. Users are encouraged to review this information regularly. By using Davis Capital Research’s platform, users acknowledge and agree to the terms outlined in this disclaimer.

1. $COP. ConocoPhillips

Original Analysis (3/11/2024):

Long. Stop loss: Close below $111.72. One of my favorite looking setups heading into the week I had to share today. Price is forming a wedge within a wedge and volume is rising. This can break to either side, but I am leaning towards this breaking to the upside. I gave some VPA annotations in the first chart to explain why I have a long bias. We continually see high volume buying candles within the wedge that are followed by low volume sell-offs. The 9, 21, and 50 EMA are all coiled beneath the close on Friday. Price is coiling on the weekly, and with relative strength in XLE (energy sector), I am leaning towards an upside break. I think a confirmation long above $113.43 would be a good spot to risk off of. Below $111.49 and I think we see downside

2. $PLD. Prologis, Inc.

Original Analysis (2/5/2024):

Long. Stop loss: daily close below $126.53. Profit target #1: $146.81. Profit target #2: $157.28. Reasoning: Clear S/R flip of the ~$125 level here. Price failed to have a weekly close above the zone from Mar 23′ – Sep 23′. Price finally broke above the zone at the end of 23′. When looking at breakouts, I HAVE to see high volume breaking through the zone. Otherwise, a low volume break is always a good bet for a failed break. $PLD had massive volume pushing price past the zone it had failed for nearly half a year. Now price is back to the level. As with other trades, I need to see a confirmation of the resistance turned support. What makes it a 10/10 S/R flip is when the volume supporting the flip is increased compared to the pullback to the level. Here we see exactly that. The volume sequence was massive volume break of resistance, low volume pullback, high volume lower wick holding support on earnings, and now a high volume buying green candle. Market structure wise, price is still bearish on the weekly. Price needs to take out the recent lower low to confirm bullish structure, which I believe is likely based off the daily bullish structure. Also liking how price is bouncing off the volume profile of both the daily and weekly charts. Risking $3 of underlying for potential $11-$21 reward.

Updated Analysis (2/12/2024):

Awesome week for $PLD. Last week my stop was a daily close below $126.53. On Monday, price wicked through my stop but did not close below the level. The weekly needed to close above $130.60 to form a bullish structure, which it did. New stop is $129.09 which is the recent higher low. However, I would not like to see price close below $130.50 (area of previous resistance that price has now broken). The ideal long entry here would be $130.50.

Updated Analysis (2/19/2024):

Very interesting week. Stop coming into this week was a daily close below $129.09. The current stop is a daily close below the recent higher low at $130.50. The weekly is showing a long lower wick on increased volume. CPI dump on Tuesday was bought up on very high volume. Price has now compressed for 9 weeks now! I am looking for price expansion heading into next week. I am positioned for May here, and I am really liking the weekly look.

Updated Analysis (2/26/2024):

Stop is still a close below $130.50. I thought last week would be the beginning of the breakout here. But the rest of the real estate sector and $PLD wasn’t ready. I reduced some risk Friday by closing some small profits, but I am happy to welcome a short-term drop in price. $130.50 is the big level here. Large accumulation on both the daily and weekly VP. Up until the close on Friday, $PLD looked to be forming an ascending triangle and setting up for the breakout. Price broke above the triangle, double topped, and quickly looked like a failed breakout rising wedge. This is a FANTASTIC example of a fake breakout on the hourly. Nevertheless, I am looking for price to fall to demand around $130.50 and form bullish structure on the 4HR and 1HR to re-add risk on $PLD.

Updated Analysis 3/4/2024:

The rest of the real estate sector now looks ready. I am extemely bullish on $PLD in both the short and long term. Check the charts of $EQIX, $CCI, $AMT.

Updated Analysis 3/11/2024:

Is this the breakout? I sure hope so, lol. It has been a long time coming, but I think $PLD is ready this week.

3. $WELL, Welltower Inc.

Long. Stop loss: $91.53. Real estate name here, and with the sector looking good, I’ll be looking for upside only here. On the monthly, February closed as a bullish engulfing candle on increased volume which is A+ bullish VPA. The weekly is retesting the break of $92. On the daily, price has had three consecutive inside candles on increasing volume. Price is compressing, now we’re looking for the expansion. I’m watching for a break above $93 as confirmation here. Not watching for downside.

4. $GIS. General Mills.

Long. Weekly retested the downtrend and created a higher low on increased buying volume = bullish. The daily saw massive buying volume on Feb 16th and 20th and price has been trading within the spreads of those two candles since. Price recently broke from the bull flag it was forming and came back to retest demand. The daily buying volume looks great here. EMA’s are coiled and price closed just above the VP POC on Friday. Above $65.56 and I am in long barring some egregious gap up.

Here are the top 5 stocks we are watching for swing trades going into the week of 3/4/2024:

Disclaimer: Davis Capital research provides information and educational content related to stock trading for informational purposes only. The content is not intended as financial advice or a recommendation to buy or sell any securities. Davis Capital Research is not a registered investment advisor. The information provided on our platform, including articles, charts, and analyses, is not intended as financial advice. Users are encouraged to consult with a qualified financial professional before making any investment decisions. While we strive to provide accurate and up-to-date information, Davis Capital Research does not guarantee the accuracy, completeness, or reliability of any content on our platform. Users are responsible for verifying information before making any investment decisions. Trading stocks involves risks, and past performance is not indicative of future results. Users should be aware of the risks associated with trading and carefully consider their investment objectives before making any decisions. There are no guarantees of profit or protection against losses in stock trading. Users should be prepared to accept the risks and understand that investments may fluctuate in value. Davis Capital Research may provide links to third-party websites or content for informational purposes. We do not endorse or guarantee the accuracy of information on external sites and are not responsible for any content or services provided by third parties. Users are responsible for ensuring that their trading activities comply with applicable laws and regulations. Davis Capital Research is not liable for any legal consequences arising from non-compliance. The mention of specific securities or investment strategies on our platform does not constitute a recommendation or endorsement by Davis Capital Research. Users should conduct their own research before making investment decisions. Davis Capital Research reserves the right to modify or update these terms and disclaimers at any time. Users are encouraged to review this information regularly. By using Davis Capital Research’s platform, users acknowledge and agree to the terms outlined in this disclaimer.

This weeks names: $FSLR, $PLD, $IWM, $MO, $MNRA

1. $FSLR. First Solar.

I have been watching this name and $TAN for a bit now. I am actively looking for a long entry in $FSLR for the coming week(s). To start with $TAN (solar ETF), price is sitting at demand not seen since Feb 2020. Risk here is a weekly close below $40.15 for a potential upside to $74 (weekly poc, see chart). Current price is $44.18, can you ask for a better risk to reward? I’ll be adding some commons down here.

I could see $TAN consolidating a bit more before breaking out, $44.50 is a big level, and price has yet to close above. The weekly almost looks to be forming a bullish falling wedge. The top holdings of $TAN are $ENPH, $FSLR, $SEDG, $RUN, and $HASI. There is less confluence across the board for solar compared real estate. $FSLR an $ENPH look ready, but $SEDG and $RUN don’t, hence the potential short-term consolidation in $TAN. I’ll be mainly focusing on $FSLR. The quarterly chart is showing a large bottom wick. On the monthly, price fell nearly 15% on extremely low volume, a VPA anomaly.

The weekly is breaking the downtrend on high buying volume (good to see). Now for the smaller time frames. On the daily, I am looking for an entry in demand around $150-$152. Supply zone is near $160. If price breaks supply, I’ll be looking for an entry on the retest. I am weary of potential consolidation on $FSLR before fully breaking out, as the rest of the sector looks like it had a bit of catching up to do. Nevertheless, I’ll be looking for an entry in demand for the coming weeks.

2. $PLD. Prologis, Inc.

Original Analysis (2/5/2024):

Long. Stop loss: daily close below $126.53. Profit target #1: $146.81. Profit target #2: $157.28. Reasoning: Clear S/R flip of the ~$125 level here. Price failed to have a weekly close above the zone from Mar 23′ – Sep 23′. Price finally broke above the zone at the end of 23′. When looking at breakouts, I HAVE to see high volume breaking through the zone. Otherwise, a low volume break is always a good bet for a failed break. $PLD had massive volume pushing price past the zone it had failed for nearly half a year. Now price is back to the level. As with other trades, I need to see a confirmation of the resistance turned support. What makes it a 10/10 S/R flip is when the volume supporting the flip is increased compared to the pullback to the level. Here we see exactly that. The volume sequence was massive volume break of resistance, low volume pullback, high volume lower wick holding support on earnings, and now a high volume buying green candle. Market structure wise, price is still bearish on the weekly. Price needs to take out the recent lower low to confirm bullish structure, which I believe is likely based off the daily bullish structure. Also liking how price is bouncing off the volume profile of both the daily and weekly charts. Risking $3 of underlying for potential $11-$21 reward.

Updated Analysis (2/12/2024):

Awesome week for $PLD. Last week my stop was a daily close below $126.53. On Monday, price wicked through my stop but did not close below the level. The weekly needed to close above $130.60 to form a bullish structure, which it did. New stop is $129.09 which is the recent higher low. However, I would not like to see price close below $130.50 (area of previous resistance that price has now broken). The ideal long entry here would be $130.50.

Updated Analysis (2/19/2024):

Very interesting week. Stop coming into this week was a daily close below $129.09. The current stop is a daily close below the recent higher low at $130.50. The weekly is showing a long lower wick on increased volume. CPI dump on Tuesday was bought up on very high volume. Price has now compressed for 9 weeks now! I am looking for price expansion heading into next week. I am positioned for May here, and I am really liking the weekly look.

Updated Analysis (2/26/2024):

Stop is still a close below $130.50. I thought last week would be the beginning of the breakout here. But the rest of the real estate sector and $PLD wasn’t ready. I reduced some risk Friday by closing some small profits, but I am happy to welcome a short-term drop in price. $130.50 is the big level here. Large accumulation on both the daily and weekly VP. Up until the close on Friday, $PLD looked to be forming an ascending triangle and setting up for the breakout. Price broke above the triangle, double topped, and quickly looked like a failed breakout rising wedge. This is a FANTASTIC example of a fake breakout on the hourly. Nevertheless, I am looking for price to fall to demand around $130.50 and form bullish structure on the 4HR and 1HR to re-add risk on $PLD.

Updated Analysis 3/4/2024:

The rest of the real estate sector now looks ready. I am extemely bullish on $PLD in both the short and long term. Check the charts of $EQIX, $CCI, $AMT.

3. $IWM, Russell 2000

Original Analysis: (2/12/2024):

Long. Stop loss: $193.25. Proit target: $220. Weekly looks awesome here. I loved $IWM a few weeks ago, but structure was yet to put in a higher low confirming bullish structure. We saw price fill the gap and it looks like price is ready to test $220. Bullish market structure on the weekly now as price created a higher low. Volume profile showing a large volume gap in the $200-$220 zone. Stop is a close below the recent higher low at $193.25. Ideal long entry would be a retest of $199.50 if price breaks it on Monday. Otherwise, any entry between $193.25-$199.50 would be great imo.

Updated Analysis (2/19/2024):

Stop is moving from $193.25 to $194.61. I love how the weekly is looking here, high volume buying, and finding support off of the volume profile node. Looks primed for a move to $220’s. If we see $198-$199.50 again, I will likely be adding to my position. The zone I am looking to add is in the 3rd picture.

Updated Analysis (2/26/2024):

Stop is moving from $194.61 to $197.54. On the weekly, price held the 9 EMA and once again bounced off the VP volume node. On the daily, market structure is bullish and sitting right in between supply and demand. $200-$201 is still acting as supply on the hourly. I would look for a break of that supply zone and retest for a new long entry, with a stop right below the zone. If we are lucky enough, price could double bottom on the daily around $196-$197 which would also be a fantastic entry. $203.58 is the big last resistance on both the daily and weekly, a close above and I think $IWM finally makes its trip to $220’s.

Updated Analysis 3/4/2024:

Still in this one, and loving how it looks. The weekly looks to have confirmed the breakout and I am looking to the low $220’s for a profit target. I’ll be looking to add to my long position on any retest of old supply turned new demand.

4. $MO, Altria Group

Original Analysis: 3/4/2024

Looking for a break to the upside here. Price is compressing over previous resistance and sitting right at the 50, 20, and 9 EMA. Zooming out to the weekly, price has been compressing for some time now. I could see some short-term consolidation, but will have this on my radar for the break to the upside this week.

5. $MRNA, Moderna

Original Analysis: 3/4/2024

Pretty similar to $MO. Looking for a flag break. $100 is a massive level. It would be a good idea to take profit around there if this does break to the upside.

Here are the top 4 stocks we are watching for swing trades going into the week of 2/26/2024:

Disclaimer: Davis Capital research provides information and educational content related to stock trading for informational purposes only. The content is not intended as financial advice or a recommendation to buy or sell any securities. Davis Capital Research is not a registered investment advisor. The information provided on our platform, including articles, charts, and analyses, is not intended as financial advice. Users are encouraged to consult with a qualified financial professional before making any investment decisions. While we strive to provide accurate and up-to-date information, Davis Capital Research does not guarantee the accuracy, completeness, or reliability of any content on our platform. Users are responsible for verifying information before making any investment decisions. Trading stocks involves risks, and past performance is not indicative of future results. Users should be aware of the risks associated with trading and carefully consider their investment objectives before making any decisions. There are no guarantees of profit or protection against losses in stock trading. Users should be prepared to accept the risks and understand that investments may fluctuate in value. Davis Capital Research may provide links to third-party websites or content for informational purposes. We do not endorse or guarantee the accuracy of information on external sites and are not responsible for any content or services provided by third parties. Users are responsible for ensuring that their trading activities comply with applicable laws and regulations. Davis Capital Research is not liable for any legal consequences arising from non-compliance. The mention of specific securities or investment strategies on our platform does not constitute a recommendation or endorsement by Davis Capital Research. Users should conduct their own research before making investment decisions. Davis Capital Research reserves the right to modify or update these terms and disclaimers at any time. Users are encouraged to review this information regularly. By using Davis Capital Research’s platform, users acknowledge and agree to the terms outlined in this disclaimer.

This weeks names: $BA, $HSY, $PLD, $IWM

1. $BA. Boeing Company

Analysis (2/26/2024):

A few things I like about $BA here. $198.32 was the recent low and as you can imagine, a LOT of people likely had their stops placed there. Price wicked below that level on the daily and ended up closing with a small spread and high volume. This was likely a stop hunt and capitulation of early longs. I love how price is increasing and spreads are decreasing as the falling wedge is getting tighter on the daily. Notice the last three days spreads have consistently been decreasing, yet volume is increasing? These are VPA anomalies. On the 4HR, notice how volume continually was decreasing as price was falling, then the 4HR closed on massive buying volume and a hammer candle to close right back in the falling wedge. $203.50 is a huge level here. I am looking for a pop above the level and a retest for a long entry.

2. $PLD. Prologis, Inc.

Original Analysis (2/5/2024):

Long. Stop loss: daily close below $126.53. Profit target #1: $146.81. Profit target #2: $157.28. Reasoning: Clear S/R flip of the ~$125 level here. Price failed to have a weekly close above the zone from Mar 23′ – Sep 23′. Price finally broke above the zone at the end of 23′. When looking at breakouts, I HAVE to see high volume breaking through the zone. Otherwise, a low volume break is always a good bet for a failed break. $PLD had massive volume pushing price past the zone it had failed for nearly half a year. Now price is back to the level. As with other trades, I need to see a confirmation of the resistance turned support. What makes it a 10/10 S/R flip is when the volume supporting the flip is increased compared to the pullback to the level. Here we see exactly that. The volume sequence was massive volume break of resistance, low volume pullback, high volume lower wick holding support on earnings, and now a high volume buying green candle. Market structure wise, price is still bearish on the weekly. Price needs to take out the recent lower low to confirm bullish structure, which I believe is likely based off the daily bullish structure. Also liking how price is bouncing off the volume profile of both the daily and weekly charts. Risking $3 of underlying for potential $11-$21 reward.

Updated Analysis (2/12/2024):

Awesome week for $PLD. Last week my stop was a daily close below $126.53. On Monday, price wicked through my stop but did not close below the level. The weekly needed to close above $130.60 to form a bullish structure, which it did. New stop is $129.09 which is the recent higher low. However, I would not like to see price close below $130.50 (area of previous resistance that price has now broken). The ideal long entry here would be $130.50.

Updated Analysis (2/19/2024):

Very interesting week. Stop coming into this week was a daily close below $129.09. The current stop is a daily close below the recent higher low at $130.50. The weekly is showing a long lower wick on increased volume. CPI dump on Tuesday was bought up on very high volume. Price has now compressed for 9 weeks now! I am looking for price expansion heading into next week. I am positioned for May here, and I am really liking the weekly look.

Updated Analysis (2/26/2024):

Stop is still a close below $130.50. I thought last week would be the beginning of the breakout here. But the rest of the real estate sector and $PLD wasn’t ready. I reduced some risk Friday by closing some small profits, but I am happy to welcome a short-term drop in price. $130.50 is the big level here. Large accumulation on both the daily and weekly VP. Up until the close on Friday, $PLD looked to be forming an ascending triangle and setting up for the breakout. Price broke above the triangle, double topped, and quickly looked like a failed breakout rising wedge. This is a FANTASTIC example of a fake breakout on the hourly. Nevertheless, I am looking for price to fall to demand around $130.50 and form bullish structure on the 4HR and 1HR to re-add risk on $PLD.

3. $IWM, Russell 2000

Original Analysis: (2/12/2024):

Long. Stop loss: $193.25. Proit target: $220. Weekly looks awesome here. I loved $IWM a few weeks ago, but structure was yet to put in a higher low confirming bullish structure. We saw price fill the gap and it looks like price is ready to test $220. Bullish market structure on the weekly now as price created a higher low. Volume profile showing a large volume gap in the $200-$220 zone. Stop is a close below the recent higher low at $193.25. Ideal long entry would be a retest of $199.50 if price breaks it on Monday. Otherwise, any entry between $193.25-$199.50 would be great imo.

Updated Analysis (2/19/2024):

Stop is moving from $193.25 to $194.61. I love how the weekly is looking here, high volume buying, and finding support off of the volume profile node. Looks primed for a move to $220’s. If we see $198-$199.50 again, I will likely be adding to my position. The zone I am looking to add is in the 3rd picture.

Updated Analysis (2/26/2024):

Stop is moving from $194.61 to $197.54. On the weekly, price held the 9 EMA and once again bounced off the VP volume node. On the daily, market structure is bullish and sitting right in between supply and demand. $200-$201 is still acting as supply on the hourly. I would look for a break of that supply zone and retest for a new long entry, with a stop right below the zone. If we are lucky enough, price could double bottom on the daily around $196-$197 which would also be a fantastic entry. $203.58 is the big last resistance on both the daily and weekly, a close above and I think $IWM finally makes its trip to $220’s.

4. $HSY, The Hershey Company

Here is the full breakdown and what I am watching for this week, and where new longs can get in. Let’s start with the weekly here. Price is bouncing off of the VP POC and has created a higher low (bullish market structure). There is a sizeable gap to the upside if the weekly can close above $195. On the daily, price has been consolidating between $190-$195. Daily market structure is bullish as we have a double bottom off of the daily VP POC and recently a new higher low. The volume on the daily candle that wicked below demand is encouraging for longs. On the hourly, I am looking for a break and retest of the $195 level. Ideally, I would want the daily to fully close above the level. If and when price then comes back to the level, I would enter long off of an hourly confirmation of buying (note: I would also want the hourly structure to be bullish, price can close higher showing support, but could just as easily fall back down or through if the bears are still in control). Current stop loss is a daily close below $192.49. Targeting a short term move to $207-$208 after we get a break of $195. But I could certainly see a bullish price action cycle to the low $220’s.

Here are the top 4 stocks we are watching for swing trades going into the week of 2/12/2024:

Disclaimer: Davis Capital research provides information and educational content related to stock trading for informational purposes only. The content is not intended as financial advice or a recommendation to buy or sell any securities. Davis Capital Research is not a registered investment advisor. The information provided on our platform, including articles, charts, and analyses, is not intended as financial advice. Users are encouraged to consult with a qualified financial professional before making any investment decisions. While we strive to provide accurate and up-to-date information, Davis Capital Research does not guarantee the accuracy, completeness, or reliability of any content on our platform. Users are responsible for verifying information before making any investment decisions. Trading stocks involves risks, and past performance is not indicative of future results. Users should be aware of the risks associated with trading and carefully consider their investment objectives before making any decisions. There are no guarantees of profit or protection against losses in stock trading. Users should be prepared to accept the risks and understand that investments may fluctuate in value. Davis Capital Research may provide links to third-party websites or content for informational purposes. We do not endorse or guarantee the accuracy of information on external sites and are not responsible for any content or services provided by third parties. Users are responsible for ensuring that their trading activities comply with applicable laws and regulations. Davis Capital Research is not liable for any legal consequences arising from non-compliance. The mention of specific securities or investment strategies on our platform does not constitute a recommendation or endorsement by Davis Capital Research. Users should conduct their own research before making investment decisions. Davis Capital Research reserves the right to modify or update these terms and disclaimers at any time. Users are encouraged to review this information regularly. By using Davis Capital Research’s platform, users acknowledge and agree to the terms outlined in this disclaimer.

This weeks names: $LOW, $TTD, $PLD, $IWM

1. $LOW. Lowes Companies, Inc.

Original Analysis (2/5/2024):

Long. Stop loss: daily close below $212.84. Profit target #1: $233.83. Profit target #2: $251.61. Reasoning: Price rejected the $210 zone before launching through resistance. Price has now come back to the $210 level and confirmed support. Clear S/R flip. VPA wise we have seen the last four weeks have increasing volume as price compressed in the shadow of the massive buying candle. Price is compressing and volume is increasing. Now I am looking for expansion. This weeks candle completely engulfed the previous week and had increased volume. A+ volume and price action. Structure is bullish on both the weekly and daily. Weekly has a nice double bottom to risk off of. Risking $7 of underlying for $14-$28 reward.

Updated Analysis (2/12/2024):

Great week for $LOW. New stop is a daily close below $220.34. Price was finally able to reclaim $220 as support on Friday. I will be out if price broke below the recent higher low. I could certainly see price coming back to my stop and forming a bit of a base before breaking long later in the week. For my stop, I would like to see a decisive close below, if it is off by a few cents, I will likely evaluate whether to exit or hold depending on the price action and volume of the candle that closed below. Ideal entry long here would be the retest of $220.34 which served as previous resistance and price has now broken above. Hence, it should serve as a nice level of new support.

2. $PLD. Prologis, Inc.

Original Analysis (2/5/2024):

Long. Stop loss: daily close below $126.53. Profit target #1: $146.81. Profit target #2: $157.28. Reasoning: Clear S/R flip of the ~$125 level here. Price failed to have a weekly close above the zone from Mar 23′ – Sep 23′. Price finally broke above the zone at the end of 23′. When looking at breakouts, I HAVE to see high volume breaking through the zone. Otherwise, a low volume break is always a good bet for a failed break. $PLD had massive volume pushing price past the zone it had failed for nearly half a year. Now price is back to the level. As with other trades, I need to see a confirmation of the resistance turned support. What makes it a 10/10 S/R flip is when the volume supporting the flip is increased compared to the pullback to the level. Here we see exactly that. The volume sequence was massive volume break of resistance, low volume pullback, high volume lower wick holding support on earnings, and now a high volume buying green candle. Market structure wise, price is still bearish on the weekly. Price needs to take out the recent lower low to confirm bullish structure, which I believe is likely based off the daily bullish structure. Also liking how price is bouncing off the volume profile of both the daily and weekly charts. Risking $3 of underlying for potential $11-$21 reward.

Updated Analysis (2/12/2024):

Awesome week for $PLD. Last week my stop was a daily close below $126.53. On Monday, price wicked through my stop but did not close below the level. The weekly needed to close above $130.60 to form a bullish structure, which it did. New stop is $129.09 which is the recent higher low. However, I would not like to see price close below $130.50 (area of previous resistance that price has now broken). The ideal long entry here would be $130.50.

3. $IWM, Russell 2000

Long. Stop loss: $193.25. Proit target: $220. Weekly looks awesome here. I loved $IWM a few weeks ago, but structure was yet to put in a higher low confirming bullish structure. We saw price fill the gap and it looks like price is ready to test $220. Bullish market structure on the weekly now as price created a higher low. Volume profile showing a large volume gap in the $200-$220 zone. Stop is a close below the recent higher low at $193.25. Ideal long entry would be a retest of $199.50 if price breaks it on Monday. Otherwise, any entry between $193.25-$199.50 would be great imo.

3. $TTD, The Trade Desk

Long. Stop loss: $67.30. Proit target: $80. On the weekly, price is getting very tight within this range. The weekly descending channel is close to breaking. I am leaning towards it breaking long with the double bottom look the weekly/daily is showing. Price broke from the bull flag it was forming this week on the daily. My stop is a daily close below $67.50. Price has yet to form a new higher low, when it does, that will become my new stop. Earnings are this coming Thursday. I am considering closing my current trade and entering a new trade with just the profits from the first one to create a risk free position heading into $TTD earnings.

Here are the top 6 stocks we are watching for swing trades going into the week of 1/22/2024:

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1. $DIS. Walt Disney Company (The).

I have been stalking this name for a few weeks now. Broke out of the weekly pullback this week on A+ volume and price action candle. 7 weeks of consolidation over previous resistance at $90. Bullish structure on the weekly as price failed to make a lower low last week, and pushed higher this week. Nice S/R flip of the $90 level on the weekly. VPA + market structure + S/R flip. My trade invalidation level is a weekly close below $88.69. Large volume shelf sitting at $100, I will likely be taking profit near that area.

2. $CZR Caesars Entertainment, Inc.

Reminds me a lot of $CMCSA (which finally woke up this week). High volume breakout followed by 4 weeks of consolidation over the breakout level. Love the rising weekly volume as spreads were decreasing. This week we had an A+ bullish weekly candle and associated volume. Bullish market structure on the weekly. Increasing volume on the monthly. I don’t use the 3M candles often, but found the high volume doji to be interesting as it found support over previous structure. My invalidation level for $CZR is a weekly close below the low this week at $43.66. Clear accumulation on the volume profile.

3. $MU Micron Technology, Inc.

Nice continuation play here. Massive buying coming in on the weekly, then 3 weeks of consolidation. Buyers stepped back in this week and created a higher low on the weekly market structure. Really like how price is now using the volume node on the weekly as support. Rising volume on the monthly as well. My invalidation level for $MU is a weekly close below $82.33.

4. $ADSK Autodesk, Inc.

Continuing the theme of high volume breakout, low volume pullback, buying continuation. The $230 level posed as heavy resistance on $ADSK. Now price is using the level as support and confirmed the S/R flip. Structure favors the bulls on the weekly. Price has tended to knife through the $245-$275 level as seen on the volume profile reflected in the large gap. My invalidation level for $ADSK is a weekly close below $240. I would not like to see price lose previous structure it just broke through this week.

5. $IBKR Interactive Brokers Group, Inc.

Mainly using the weekly and daily on this one. $IBKR just reported earnings last week and showed strong buying post earnings. Price flipped previous resistance to support and completely engulfed the sell-off due to earnings. Bullish market structure on the weekly. Nice S/R flip of the ~84.30 level. My invalidation level for $IBKR is a daily close below $84.08.

6. $IWM Russell 2000

Absolutely love this chart and setup. High volume breakout with associated volume. 3 weeks of pullback and then had an above average volume hammer candle weekly. Massive spot on the monthly as price looks to flip previous resistance to support. Large volume gap on the weekly. Would love a move to $220-$230. Invalidation level for $IWM is a weekly close below $187.53.