I'm on vacation and trying to stay away from the screens as much as possible this week, but you broke out on Wednesday and today you're just hanging there, baiting me into getting involved.
Maybe it's because I've got some leftover pizza in my fridge which is on my mind for lunch today, but I've been taking a look at a pizza play the research team discussed during the recent All Star Charts Monthly Conference Call and it's got my mouth watering.
Another quick little update on the NKLA position we put on a couple weeks ago.
Our patience from our original entry timing has paid off, and the directional move we were playing for has happened. $NKLA has traded down to our target price of $35.
I don't prefer getting long stocks that aren't breaking through to some kind of major new high or an all-time high. But every so often the stars align to play for the end of a major downtrend with some clearly defined levels of support to lean against.
We're finding that right now in the recently maligned Marijuana stocks space.
The fine gentlemen at All Star Charts have released with latest Quarterly Playbook with themes to be aware of for the next three months, as well as trade ideas within sectors and individual stocks that are setting up. Head over here for a deep dive and great read.
One idea that stood out to me is an e-commerce company focused on pet supplies and medications. No.... not pets.com. LOL
