Firstly, congrats if you have bought $Activision Blizzard(ATVI)$ before Microsoft's planned acquisition. However are you still holding and waiting for your payday? Are you worried that the stock seems to be dropping bit by bit everyday? Why aren't people scooping up the stock at $79 when there is at least $16 of upside to $95? Technically speaking, the price is "overstretched". If you believe in your Bollinger Band, you will know that price will always be pulled back to the middle of the band. Fundamentally speaking, people are worried whether Microsoft can pull off this deal and are taking profit first. Just look at the strong selling volume on the day when the news broke. This deal is still subject to regulatory approval which will

$MRK 20220121 90.0 CALL(MRK)$Still holding

$Tiger Brokers(TIGR)$$Futu Holdings Limited(FUTU)$ $NIO Inc.(NIO)$ $iShares Global Clean Energy ETF(ICLN)$ $Tesla Motors(TSLA)$ $DraftKings Inc.(DKNG)$ $Tilray Inc.(TLRY)$ $Alibaba(BABA)$ $Baidu(BIDU)$ $Virgin Galactic(SPCE)$

$Virgin Galactic(SPCE)$ Looks like the worst is over.$SPCE has been holding well along the 200 days moving average. With both MACD and the 8/21 days EMA about to crossover, look out for $SPCE to make a strong move within the next 1-2 weeks. 20/Aug $36C looks good. Good luck to all $SPCE fans. Cheers.

$iShares Global Clean Energy ETF(ICLN)$ $ICLN getting ready for breakout. If you are holding $ICLN, you must be wondering why the dirty energy stocks like Exxon and Chevron, etc are all going up while my clean energy ETF is coming down? That's because crude oil has been getting stronger (controlled by OPEC) and the world is not going to shift to clean energy instantly. It will probably take many more years for demand to shift despite all the talks by governments all over the world.Looking purely at the chart, $ICLN has strong support at $21.50. Prices are also congregating along the 200, 50, 21, 8 days moving average. This is a sign that price is being "squeezed" right now and there is a possible breakout in the next few weeks. If you

$Texas Roadhouse(TXRH)$ Gap play for $TXRH. Since Apr 2020, $TXRH has been on a long term uptrend as you can see on the weekly chart. However on 30/July, it dropped 7% as they forecast earnings could be affected due to inflation which will increase food cost. This has created a "bear gap" which I suspect could be market movers trying to short the market and kill all the stop losses first before they buy up the market again. Next week, watch out for the $89 level which has been a support line for this uptrend. If it is broken, it could be the start of a down trend for $TXRH. If it held this support line, then 17/Dec $95C will be an attractive risk/reward play. Good luck!

$Tesla Motors(TSLA)$ $TSLA is in a descending triangle pattern. Everyone loves Tesla. I am also a big fan of Elon Musk and feels incredibly lucky to be able to witness such a genius during my lifetime. Fundamentally Tesla is also doing well, expanding to everywhere on the globe and challenging all the traditional car makers. However looking at the stock chart, $TSLA is in a descending triangle pattern with lower highs ($900, $800, $700) and equal lows ($560). It is also worth nothing that every time after earnings, Tesla seems to start it's descend from there. Unless there is some good surprise from the earnings this time, I expect Tesla to continue this down trend. This descending triangle pattern is considered broken if Tesla breaks

$Netflix(NFLX)$ The bulls defended well. Despite all the negativity after earnings, $NFLX defended well at the 200 days EMA. $505.50 is a strong support line and we will probably see some range bound movement before $NFLX challenge $560 again.

$NIO Inc.(NIO)$ $NIO won't be the next $TSLA. As a trend trader, I will avoid $NIO because I don't see any trend. It is likely $NIO will continue to trade sideways until investors are assured that Chinese stocks are not being targeted by China or US. Fundamentally, $NIO is on the right track with every country pushing towards going green and EV is the way to go. Furthermore, $NIO already has a strong foothold in one of the biggest market in the world. However, I think Western countries are wary of Chinese companies due to privacy, security and geopolitical issues. Just look at Huawei. Chinese government is also wary of their own companies that are being listed in US. Afraid that they may leak national data that are very sensitive nowad

$Home Depot(HD)$ Nice breakout.$HD has broken $328 with a bang after weeks of consolidation within $311 to $325 range. $HD should challenge $340 in the next 1-2 weeks. Cheers.

$Datadog(DDOG)$ The trend is your best friend. $DDOG has experienced some roller coaster this year but at the moment this roller coaster is on the way up nicely within the channel. No reason to bet against it. Facing some resistance at $112 but the trend should be able to bring them thru. However please be prepared if it breaks below this channel, this roller coaster could be on the way down fast. Be careful, lock in your profits along the way and good luck!

$Energy Select Sector SPDR Fund(XLE)$ $XLE has bounced off the support line of $46.50 for 3x since Feb 2020. It is not a coincidence that $XLE has bounced together with Brent crude oil which is above $70 now. With OPEC being more cohesive than before, crude should remain strong all the way till end of this year and $XLE will challenge $55 and higher. Good luck.

$JPMorgan Chase(JPM)$ Is down trend coming for $JPM? Earnings is above expectation but it didn't pop $JPM above $158 which has become a resistance level. Yesterday it broke $147 briefly and closed at $146.97. This bearish candle could be the start of a down trend as it has broken the up trend line since Nov 2020. With overall market sentiment bearish for this week, a correction could be imminent too. If it doesn't find support at $147, it's time to consider a put.

$DraftKings Inc.(DKNG)$ Looking to catch $DKNG at $40-42 levelWatch out for $DKNG next week to rebound off $40-42 level, if not there is a good chance to test $35 first before we see any rebound. However the next uptrend will see DKNG go for $60! Be patient here. Cheers.

$ARK Innovation ETF(ARKK)$ If you missed shorting $ARKK at $131, lookout for $116. $ARKK has failed to break $131 4 times since March 2020. If it doesn't rebound from the support line at $116, it will go down to look for $109 and even $99. 8/21EMA and MACD indicators are both pointing to a down trend. Standby your puts. Cheers!

$Square(SQ)$ Rejected at $250 level twice. What's next?Having failed to break $250 level twice, $SQ looks like it may be on it's way down the roller coaster. It's 8 days EMA has just crossed 21 EMA. MACD is also trending downwards. Watch out for $233.55 level closely, which is also around the VWAP line. If $SQ breaks below VWAP, it has good chance to take the "elevator" down to find 200 EMA. Remember, elevator down, stairs up. =)

$NIO Inc.(NIO)$ Where will $NIO go? I know $NIO is everyone's favorite stock and most people probably won't like to see bearish comment. However I am a trend trader and I have no favorite stock. It is not a coincidence that $NIO together with rest of the Chinese stocks listed in US has plunged together since 06/Jul. It's 8 days EMA has crossed below 21 days EMA and it has also crossed below VWAP (Volume Weighted Average Price) which can be seen as a trend reversal. If $NIO doesn't find support at 200 days EMA, it is going to test $31. It is a tough period for Chinese stocks listed in US due to all the geopolitical uncertainties. Otherwise, $NIO is a really good stock to have.

$Tiger Brokers(TIGR)$ Will $TIGR dipped further? So far $TIGR has respected the 200 EMA line. If it can bounces off this level around $17 next week, it will go on to look for $24, follow by $29 which is a level that has been rejected twice in June. However if $TIGR breaks below this 200 EMA, it may go down further. So better to wait and see. Good luck and good weekend everyone. Cheers!

$Alibaba(BABA)$ Don't catch a falling knifeYes, $BABA has rebounded from $200 which is seen as a strong "psychological" support level. But why did it even has to test $200 in the first place? This rebound doesn't hide the fact that $BABA has been on a long term "lower highs, lower lows" down trend since Oct 2020. Given the current headwind in China and US, I wouldn't want to try my luck to catch a falling knife. It needs to break thru the 200EMA (orange line) and VWAP (purple line) to break this down trend. Good luck.