3 Bullish A+ Setups

One of the biggest challenges traders face each morning is finding good setups to trade. Traders without strong setups get desperate…they start chasing stocks, FOMO into stuff, and slam into symbols without a trading plan.

The thing is… you don’t have to dedicate hours to finding A+ setups…you just need the right tools…like the Daily Profits Scanner.

Today I will be walking you through three A+ Setups I found from it and tell you why I believe they’re so compelling.

The first stock I want you to take a look at is Salesforce Inc. (CRM).

A quick look at the chart and you can clearly see the stock has been in an uptrend. Despite the strength in the market, CRM is trading down today because of a rumor that Alphabet (GOOGL) is interested in acquiring Hubspot (HUBS).

Shares dipped in the 290s this morning and have since rallied back. One thing I love about this chart is that the stock has consolidated nicely since hitting a high of $318.70. In fact, according to the Daily Profits Scanner, it is in a 10-day squeeze.

If the squeeze gets fired on the long side, which is likely considering its current momentum, we could potentially see CRM get through all-time highs.

CRM is set to report earnings in late May, which could serve as another catalyst for a runup before the announcement.

The Daily Profits Scannergives members three ways to play it.

Click here to get your hands on the Daily Profits Scanner

Daily Profits Scannermembers not only get access to high probability scans out of the S&P 500 and the Nasdaq 100, but I also share my private watchlist with them.

And if you’re looking for more speculative plays that offer high reward potential then it doesn’t get much better than Coinbase (COIN).

The stock is up more than 200% on the year, but it’s trading off its highs of $283.48. But despite all the volatility it’s had lately, it held its 20-day exponential moving average fairly well.

In addition, it’s in a 4-day squeeze, indicating it could be setting up for another leg higher. Of course, COIN has a high correlation to the movements in bitcoin. But with bitcoin halving coming shortly, it could be another catalyst for the stock to hit its 52-week highs.

Options are not cheap in COIN…that’s because the implied volatility (IV) in it is high. There are a few ways to get around that. First, you can simply decrease your position size smaller. Second, you can potentially look at call spreads instead of buying outright calls. Of course, the Daily Profits Scanner is willing to give you ideas on how to play it as well:

Click here to get your hands on the Daily Profits Scanner

The third stock I want you to keep your eyes on is Marriott International (MAR).

 

Again, another beautiful uptrend, with the stock closing in on its 52-week highs of $256.53. And like the other two previous charts I’ve shared with you, it too is in a daily squeeze.

What I love about this chart is that it doesn’t have any baggage…in other words…you don’t have bagholders who got in at a higher price and are now looking to dump their shares on a pop.

In other words, there’s blue skies ahead.

The trend is your friend…and it doesn’t get much more bullish than what we’re seeing in MAR.

Now, if you’re curious on how to play it with options, the Daily Profits Scanner has a few suggestions:

Click here to get your hands on the Daily Profits Scanner

Final Thoughts

The bulls seem to be taking back control after several days of chopping action. However, I would like to see further confirmation before loading up on a bunch of longs. Until then, it’s probably best to focus on A+ setups, and potentially size down in case we continue to see choppy action.

Finding A+ setups doesn’t have to be a drag. In fact, you don’t have to dedicate hours to find them nor do you have to be a chart whiz.

The Daily Profits Scanner does a lot of the heavy lifting.

If you’d like to see how I trade with it LIVE, check out my latest service, Profit Surge Trader. 

So far in 2024, I’ve closed out 27 trades for a 100% win-rate.

If you want to find out how I’ve been able to do it…

===> Click here to watch this presentation. 

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