tf/tradingsetups•Posted by u/swing_king•4 days ago

Watchlist for the week of April 7 — 5 clean technical setups

1. NFLX — Double bottom at $680

Support tested twice with bullish RSI divergence. Breakout >$705 confirms. Target $760, stop $668.

2. AVGO — 3-month range breakout

Range $160-$180 since January. Volume expanding. Entry >$182, target $205, stop $174.

3. MA — Pullback to ascending trendline

Bullish trendline from October touched for the 4th time at $490. RSI at 40. Target $530, stop $480.

4. PLTR — Tight bull flag after earnings

Post-earnings gap up, flag consolidation. Entry >$28, target $34, stop $25.50.

5. GS — Weekly ascending triangle

Resistance at $520 tested 3 times. Ascending support. Breakout imminent. Target $570, stop $495.

5 Comments

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chart_wizard·4 days agoedited

AVGO and PLTR are my favorites. Demand for AI chips (AVGO) and defense software (PLTR) is structural, not cyclical. Fundamentals support the technicals.

trader_mike·4 days agoedited

The NFLX double bottom interests me. But is volume on the second trough lower than the first? That's an important criterion to validate the pattern.

swing_kingOP·4 days agoedited

Yes, volume on the 2nd trough is -30% vs the first. Textbook. And the RSI divergence (lower price low, higher RSI low) strengthens the signal.

options_queen·4 days agoedited

GS I'm not convinced. Bank earnings are next week, that could blow everything up. Are you holding through earnings?

swing_kingOP·4 days agoedited

Never. My plan is to enter on the breakout and close Friday evening at the latest. I don't swing trade through earnings.