Trade Alert: Technical, 12/19/2023

Looking for a breakout before the end of the year on a big tech co.

Dec 19, 2023

∙ Paid

A beautiful blonde woman focused on analyzing her stocks. She's sitting in a modern office, surrounded by multiple computer screens displaying colorful stock charts and graphs. She's wearing a professional suit, her hair neatly styled, and she's intently studying the data, making notes on a pad. The office has a sleek, contemporary design, with a large window showing a city skyline in the background. The atmosphere is one of concentration and professionalism.

After The One That Got Away

In yesterday’s post, I mentioned a trade I missed out on yesterday, from one of the top technical analysts I follow on my Market Watchers X list.

Trade Alert: Technical, 12/18/2023

Portfolio Armor

December 18, 2023

The One That Got Away In Saturday’s Exits post, I mentioned a trade that we missed out on last week: I’ve mentioned in the past that I have a curated “Market Watchers” list on X (formerly Twitter) I set up as a source of trade ideas. Checking it earlier this week, I saw this:

Read full story

We have another technical trade based on his analysis today, but before we get to it, a brief note about yesterday’s post. I adjusted the second trade, as that stock started to make a move yesterday.

Today’s trade is in a different tech stock, one where he sees a breakout to new highs (about a 10% move) by the end of the year. To be slightly more conservative, we’re aiming for about a 5% move, and giving our trade an extra week to play out. If we get that 5.3% move by then, this trade could lead to up to a 400% profit for us.

Details below.

Bullish Technical Trade #1

Keep reading with a 7-day free trial

Subscribe to The Portfolio Armor Substack to keep reading this post and get 7 days of free access to the full post archives.