Trader Mike's Notes

These notes are here primarily to show my process and how I use the scans to find setups. This is NOT an attempt to be a stock picking service! I want people to use the site's extensive functionality to find their own setups which match their trading plans, strategies & risk tolerances.
ALDX - Aldeyra Therapeutics, Inc.

I like the "Calm After Storm" plus "!,2,3 Pullback" combo on this stock. They have a secondary stock offering coming though so we've got to see how the market handles those additional shares.

NKTR - Nektar Therapeutics

I have mixed feeling about this chart. In the shorter term, I like the pullback to the 50 DMA and its oversold stochastic reading. However, I don't like the overhead resistance the longer term chart reveals. It's under its 200-day moving average (around 72 at the moment) and it's got that huge gap down in early June. So there are trapped longs looking to sell when they reach break-even again. If I were to trade this, I'd take a shot here with a tight stop and the 200 DMA as my initial target.

FNKO - Funko, Inc.

It's been quite the ride in FNKO of late. This September slide has brought it all the way back under its 50-day moving average (by a hair). There's also a bit of support around $20 from mid-August. It's stochastic reading hit oversold today, so it's primed for a bounce here. It'll be interesting to see if this can catch a bid and get back above its 50 DMA.

TNDM - Tandem Diabetes Care, Inc.

This is why I love the stock market -- undiscovered (only to me apparently) gems. I don't think I'd ever heard of this stock (I need to run the Percentage Change over 30 & 90 days scan more frequently). I just checked SwingTradeBot's "Most Tracked" stocks page for the first time in a long while and saw this on the list. This stock is up around 1,800% YTD. It's now got one more person tracking it.

MDB - MongoDB, Inc.
MDB

I have to admit that my personal bias against their technology has (foolishly!) kept me on the sidelines (at least I wasn't short). The tech and investing world clearly is of a different opinion as evidenced by its great rally since IPOing last year.. Time for me to just act based on the chart and put my bias aside.