As we kick off 2024, I’m already seeing plenty of tradable charts.

And if you’ve followed me for a while, you know how much I love one particular pattern.

This pattern just popped up in a very well-known stock’s chart… and in today’s video, I go over how I’m looking to trade it.

Click the image below to get the trade.

YOUR ACTION PLAN

Microsoft (Nasdaq: MSFT) has a woodpecker pattern on the daily chart, and it has squeezes on many different time frames. I’ll buy the MSFT February 2, 2024, $400 calls when the stock is trading around $372, and I’ll look for a move higher into earnings at the end of the month.

(Click to enlarge)

If you want to get all my trades for 2024, I recommend joining me in Daily Profits Live today. That’s where you’ll be able to follow along as I track stock charts in real time using my unique TPS system. Before our holiday break, I closed 16 winning trades at a 72% win rate, including a 57% return on Salesforce (CRM) in two trading days.

Don’t miss the next trade! Click here to unlock Daily Profits Live today.

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

“DPL Trade. Thanks Nate. GOOGL, Feb. 16th, $135 call, in at $5.47, out at $9.75, 85% [in six trading days].”
– SatyS

“I closed the 1 shares/contracts [of ORCL] I opened at $612.34 for $1045.25. Wow!! What a play. Closed for a gain of $432.91 = 70.70% [overnight]. AMAZING!!!”
– KatBR

“In [TEVA] at $0.82 out at $1.31 for 58% [in 433 trading days]. Thanks Karim.”
– SM