A Trade Setup on a Bullish Trend
Last Friday we hit a new high on the indexes to close the month of June.
And with the SPY currently showing a continuation, I’m still bullish heading into July.
In fact, in today’s video I talk about a stock I really like for this bullish trend.
It has my favorite pattern, a squeeze, and it’s reporting earnings in a few weeks.
Click the image below to get the trade setup.
YOUR ACTION PLAN
Action Plan: T-Mobile US Inc. (Nasdaq: TMUS) has several different squeezes, and it’s clearly a strong stock. As you’ll see in the chart below, it has my favorite pattern (the woodpecker pattern) and it also has earnings coming up on July 21st. Right now I’m looking at options that expire the week of earnings. Plus, to get a better spread – I’m looking for entry around the 21 ema near $175-176 and a stop to close below $173 with a target of $186.79.
If you want to see exactly how I enter and exit these A+ trade setups, I recommend joining me in Daily Profits Live. I trade multiple setups like these in real time, and last week I closed a 91.67% gain on BURL in less than 1 trading day.
P.S. I love answering your questions. It’s the best and most rewarding part of my gig. If you have a ticker or chart you want me to break down – or just a general trading question – please email me at feedback@monumenttradersalliance.com. I’ll let you know my thoughts on a few submissions in a future video.
TESTIMONIAL TUESDAY
“I closed the 10 Shares/Contracts I opened (on NKE) at $34.50 for $1503. Hi Bryan, this is the first 15k I made on a single trade – this needs to be framed LOL – thank you for your consistent hard work. 425% gain.”
– rt97
“BTC DKNG in @ .95 out @ .60, gain 37% (in 66 days) thanks Karim.”
– Bturtle
“HIMS in Jul 19.5 calls @ $.80. Out @ $1.80, for a 123% gain (in less than 1 trading day). Thanks Nate.”
– tlee9999
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