MarketMaverick

$NBIS Pullback into the 21 EMA after making a new high. My favorite setup! 6/20 Setup

Don't make this harder than it needs to be. Find the leading groups. Find the leading stocks within those groups. Look for the ones showing relative strength — holding up when the market pulls back, making new highs when the market barely bounces. That's the whole game. You don't need to outsmart the market; you just need to follow what's already working and manage your risk. Keep it simple. All of these charts share 2 very simple to understand and see characteristics. Do you know what they are?

$IREN Breaking a short consolidation on Volume

$CAR Covered the last of my position into $270. Epic short and the first time I've participated in a parabolic squeeze.

$WMT Working....

$MU Just letting it work! Riding the trend!

$ARM I'm trimmed and trailing on the 21 EMA

$CAR I was able to catch a substantial move and trim my position into the close today. Looks like the community did a good job of finally catching this one!

$FLY Recaptured key support area from early in the IPO. Retesting the level now with decreasing volume on the pull in. Will be watching for a slight undercut and rally with a 6/20 setup

$WMT This one is a bit of slower mover but its still setting up nicely for a move above $130

$MU Still looking very productive here. Watching for a move over ATH

$AMAT Getting very tight!

$MU Added 2.5% position on the 8 EMA bounce. Nice confluence between the 6/20 setup and lower high break on the 5 Min

Monday 4/20 Watchlist $MU $KGS $ADI $STRL

$CAR – Update Stopped out. Lower high broke and it couldn't stay below VWAP. When the thesis doesn't play out, you move on. Small loss, exactly why it was a small position. On to the next.

$COHR – Coherent Base breakout. Price has been building a foundation, absorbing supply, and now it's pushing through. Clean break with a defined level to trade against underneath. Let it work.

@elysium55 The 6 EMA crossing below the 20 EMA on a 5 min chart.

@ryan_kieser What 6/20 setup. Buying puts?

$CAR – Avis Budget Rolling over with the 6/20 setup triggering just under $500. That's a significant level and the setup is clean. This is a small position, but the kind that could pay big. I expect this name to see $100 again at some point. When you get a defined setup on something with that kind of downside potential, the risk/reward speaks for itself. Worth a shot.