The TradeXchange

Saturday, January 29, 2022

Swing Trades and Long Terms $OII $CFLT $TTC $VRAR $PATH

 

OII - Pullback into 200ma potential opportunity for adds as recent uptrend still intact. Targets above $17 weeks ahead. Medium term timeframe. Stop 11.60.  


CFLT- Bullish engulfing candle could indicate the end of the short term downtrend. This is a long term holding looking 3 to 5 years out to build a position and trade it over a core holding. Not planning on a stop sale for now as position is a small starter with a plan to add if there positive performance. Only reason for stop would be a fundamental change of thesis. 


TTC - Similar thesis as CFLT, more on the value side as the company has earnings. It could start to improve on technically as a 4x bottom is in evidence around the $90 area of mental interest at support. 


 VRAR - Virtual reality, NFT and metaverse all included in this high growth speculative name. So far it has held support 7.00 to 7.55 area. This position is on max size normal conviction for now with a potential to increase to high conviction size if improves performance. Stop 7.55. 


PATH- High Growth name with good management and corporate culture. Looking 3-5 years out with a starter position to increase overtime and trade over a core. No stop sale planned as it is small size for now. Only reason to sell would be a change of fundamental thesis. It is oversold at the current time with RSI around 30. Long Term Mindset on this company. 

                                      Not a financial advisor. This is not investment advice. 

                                                                    

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