Tuesday, August 29, 2023

♟ Why I'm Long on This Tech Stock

Trade of the Day Logo

View in browser

"I want to get long on ADBE for a move higher."

Nate Bear, Lead Technical Tactician, Monument Traders Alliance

August has been a down month for the indexes.

But we broke out of the slump last week thanks to Nvidia's (NVDA) earnings, and now we are holding.

For the week ahead, I'll be looking for a few catalysts that could lead to even higher highs. I break them down in today's video, and I also go over a call debit spread trade I'm looking to make.

Plus, I answer some of your chart questions on Nio (NIO), ASML Holding (ASML) and others.

I have lots of good stuff for you today - click the image below to see what I'm looking at.

A New Trade Setup + Another Q&A
 

🎯 Unleash Your Profit Potential - With Just ONE Ticker Symbol 🎯

The man who turned $37,000 into an astounding $2.7 million in four years is finally sharing his latest discovery.

Introducing... "One Ticker Payouts."

Say goodbye to searching through 8,252 stocks... because just one ticker is all you need.

Here's why... Our research shows this strategy could've handed investors astonishing top gains like 543% in nine days...

And even a rare 2,614% in just 10 days! So don't wait...

Click here to discover the simplest (and potentially most lucrative!) investment strategy on Earth.💰

Logo

YOUR ACTION PLAN

As you can see in the chart below, Adobe (Nasdaq: ADBE) has a classic TPS setup. With ADBE set to report earnings in just over two weeks, the options are very pricey, so I'm looking to enter on a pullback to $520. I'd like to buy the September 8 $530 calls and sell the September 8 $540 calls against them - this is called a call debit spread.

Adobe Chart

(Click to enlarge)

If you'd like to get more trade ideas like this one, I invite you to join my latest service, Profit Surge Trader. Once you join, you'll be able to follow along as I trade ONE TICKER multiple times every month for maximum potential profit.

Click here to join Profit Surge Trader.

And if you have other stock tickers you want me to cover with my TPS system like I did today with NIO and the others, email me at feedback@monumenttradersalliance.com, and I'll let you know my thoughts on a few of them.

ChatGPT Creating Chaos for Big Tech Companies
Google Declares "CODE RED!"

High-tech matrix
 

Google is frantically playing catch-up after the latest artificial intelligence breakthrough forced it to declare "Code Red" and bring back its founders.

Meanwhile, this expert believes one sub-$10 stock is in PERFECT position to soar as it powers the AI revolution.

Click here to see the urgent details >>>

Trophy

TESTIMONIAL TUESDAY

"I closed the 10 Shares/Contracts [of ANF] I opened at $3.17 for $8.39. Well over 160% win [in one trading day]."
- ScubaRichard

"BTO KMX September $80 calls at $2.15 STC at $2.40 [in less than one trading day], I'll take a 12% win all day long."
- BoomerMC

 

INSIGHTS YOU MAY HAVE MISSED

Image of the Ferrari Logo

Guess Who's Buying Ferraris?

Image of the C3.ai Logo

This AI Stock CRUSHED

A Clock and wooden blocks making the word sale

How to Make Options Cheaper

An Electric Pick

Let's Upgrade With This Pick

Instagram

Follow Us on Instagram!

FACEBOOK

TWITTER

 

No comments:

Post a Comment

The Training You Requested Is Starting...

   Hey Trader,  Thanks for registering to view our free training video, How To Systematically Double Your A...