Ticker Reviews #2: Kunal Reviews PBYI, CZR, NVDA, VRX, EUR/USD

Kunal Desai — Fri, 21 Jul 2017 14:18:58 +0000

Below is Ticker Review #2. If you want us to review a stock for you on episode #3 go to this link and fill out the information. http://content.bullsonwallstreet.com/stockreview

PBYI

PBYI had some news out and has gone on a massive run. After the run, it has gone through a very healthy digestion. When a stock goes from $30 to $90, they have to rest. There are two ways to rest and work off an overbought condition, via price and via time. PBYI has a range developing and has tried to break out but it just can’t do it yet. However it’s definitely getting there. The overall structure of the stock is bullish especially due to the volume accumulation. But be careful of holding too many shares of biotech companies because they can gap overnight.

CZR

CZR looks like a really strong stock. It recently had an uptrend but with multiple consolidations with breaks out of these flags. This last month it consolidated in a tight range from $11.15 to $13 and it finally broke. The range is tight with no signs of volume distribution. The recent thrust out of resistance was confirmed with two times its relative volume. This gives us the confirmation that the price break was real.

NVDA

NVDA has been a daily trader for me. NVDA had an epic drop of about $20 a few weeks ago from the entire tech market dropping. People always think of a pullback as being really bad. But we have to think about it from the bigger picture. What is happening in the market and what is happening in the stock? NVDA went from $100 to $170, so the pullback can be a good buy signal. Now NVDA is testing here but I would like for it to rest for a bit before breaking out into highs. If you don’t there’s a good chance of a shake and bake. But overall, this is an awesome stock with range and liquidity.

VRX

I’ve been eyeballing VRX myself. VRX was at $300 but has been on an epic downtrend. Recently it has started to pull out of the downtrend with some big volume. The push started from $9 to $14 with strong volume of 100 million. This volume is confirming that the bottom has been put in. You see a run where it’s doubled up followed by a nice consolidation where it broke again. All VRX is doing is flagging, resting on the 9 EMA, then consolidating on low volume.

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Ticker Reviews #1: Kunal Reviews NFLX, GOLD, ZENO, SQ, DCTH, TSLA + More

Kunal Desai — Thu, 29 Jun 2017 20:34:08 +0000

We here at Bullsonwallstreet have a new feature, Ticker Reviews where you can submit any ticker of interest and I will personally review them for you. Recently, we had a whole slew of requests and so I wanted to review the hottest ones. This is a great way to get inside my head on how I dissect the stock from different angles and share some valuable information with my students.

NFLX

My student Joel asked whether I would go long on NFLX. NFLX is an interesting stock because after the big dump in the technology sector, NFLX had a low volume bounce. It got smoked again after its bear flag. This is a stock that we cannot long just yet. Although the longer term trend is strong, on a short term basis NFLX is very bearish. We don’t have any evidence that the previous support level will hold on a short term basis. If I were to long it, I would definitely stay away for it until it develops into a pattern. It needs to essentially begin trending again before taking it long

C

Andrew sent me a message about C, Citigroup. Bank stocks are slow, with a float at 3 billion shares. But on the long term basis it is really bullish. It had a flat top breakout after testing it multiple times. One way to tell if it can move higher is to ask what’s its first pullback and makes a higher low. Once it flags out again, it breaks out indicating that its a really solid chart for a higher move.

Gold

Robert asked me about Gold such as NUGT and JNUG. Gold’s long term chart is really muddled. When a stock is just in a range moving back and forth, it doesn’t give you an edge. The moving averages are criss-crossing, not doing anything. Gold has just been in a nasty range for a long time. Even on the 3X ETF NUGT, you can see the same behavior. At the moment there’s no reason to long this, but if it breaks support it can provide a great shorting opportunity down to $21.

ZENO

Alex asked about ZENO, which is something I would stay away from. There’s no volume in it, dying out after its huge run. Once these stocks die, they die for a long time. I would look for something better, but if you’re in it now I would just leave it with a stop price.

These are just a few of the many stocks that students have asked me to review. Watch the video to get the full scoop. If you have a ticker request that you would like to have reviewed, submit them over at our Personal Ticker Review. For everybody else, if you’re not sure of the setups and price patterns that we’re talking about you can learn them all here at our Bulls Bootcamp. It’s an intensive 60 day course to teach you exactly how I trade and why. To learn more or signup, email me at kunal@bullsonwallstreet.com today!

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