Welcome back after almost two weeks!  This week we talk about one of the most common technical formations.  It is the Cup with Handle Base.  Why am I talking about the Cup with Handle Base?  It is because you don't have to buy a stock that has reached an all time high!  The Cup and Handle Base lets you buy a stock that is a few percent below your high thus lowering your risk.

Also Chegg and Inphi is also talked about on how they are forming a Cup with Handle Base and here there are potential buy point.  The market are a little bit violent right now so be very precise with your buy point and let the market tell you when to get in.

View the Apple Example Analysis here:
https://www.tradingview.com/chart/AAPL/ZrWzf1wU-AAPL-Cup-with-Handle-Base-to-study-for-Future-trades/

Chegg
https://www.tradingview.com/chart/CHGG/mIKl7eUY-CHGG-Buy-at-89-92-Profit-at-112-4/

Inphi
https://www.tradingview.com/chart/IPHI/RZaCGdd6-IPHI-Buy-at-142-1-Profit-Taking-at-177-63/

IPO Bases these are the NASCAR of the stock worlds.  These are the latest and greatest companies that are coming out that is changing the world.  This episode explains how I get into these high flying stocks and how to make a profit.

IPO Bases require more attention that the average stock that have been on the market for a few months.  For regular stocks you can check on the weekly chart but for IPO bases you have to check on the daily and see how it closes. One has to check on the volume and the price action.

Enjoy.  The stocks discussed in this episode are listed below.

GOOGL
https://www.tradingview.com/chart/GOOGL/lncfCFOD-GOOGL-IPO-Base-to-study-for-Future-trades/

AMWL
https://www.tradingview.com/chart/AMWL/oELslpIv-AMWL-Buy-at-32-03-Profit-Target-at-40-04/

GDRX
https://www.tradingview.com/chart/GDRX/wLOtHsld-GDRX-Buy-at-64-32-Profit-at-80-40/

Have you ever wondered what direction the market is headed? Me too!  I can't predict the future but I can watch is the current market.  What the market is doing now is how I assess a more bullish perspective or a bearish perspective.  What I use is IBD (Investor's Business Daily) guide to know if the trend is up or down.  There is no sideways action in this system.

We look for two key things, which is a Rally Day then a follow through day.  The follow through day for me is at least 1.5% price up on above average volume from the day before.  Listen in and subscribe to learn more about how I swing trade.  Below are the charts for this week.

NASDAQ
https://www.tradingview.com/chart/IXIC/l1vAkQ34-NASDAQ-waiting-for-the-bull-confirming/

SE
https://www.tradingview.com/chart/SE/ah6WmdNU-SE-Buy-at-163-24-Profit-Taking-at-204-05/

AXNX
https://www.tradingview.com/chart/AXNX/PHT7lI53-AXNX-buy-at-46-25-and-Profit-target-at-57-81/