This Week's Pivot Plays — Plus a Practice Round

This is the trading playbook where the
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What's going on everybody? Welcome to
the trading playbook the Sunday episode.
Hope you guys are doing well. My name is
Len Ho here with verified investing your
host and thank you so much for tuning
in. Now guys, if you haven't seen
yesterday's episodes all about pivots,
understanding where they are and how to
use them, go ahead and please check that
out. Um, it was posted yesterday, so it
should be up. But anyways, guys, before
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well. But anyways, happy Sunday. Um
let's hop into uh this week's plays,
shall we? Let's go.
So, as you guys already know, we are
talking all about pivots. And when
talking about pivots, right, we're
looking at pivot highs and pivot lows,
levels and areas of support and
resistance, right? And what have I
labeled here?
Is this significant?
Is this not? Where could price go?
Remember that not all pivots are created
equal, but they can still work. And if
you know anything about Meta in this
case and this beautiful pivot, this is
plan A.
So when you're taking a look at this
chart of Meta, I've already outlined the
nice pivot there for you. But right, why
is this important? Why does this pivot
matter? Well, it's the highest point
Meta has gotten since basically the
beginning of the year was right here,
right? It got a little bit higher off of
its earnings in January, but other than
that, this is the highest point it's got
for the entire year after pushing up
right nicely off of earnings. The stock
fell over 30% from those earnings all
the way down to 520
and pushed back up 33%. This is where
the stock previously ran into
resistance. What does that mean? That
means for this upcoming week, one play I
really, really love is this nice pivot
here around 690
691
for resistance. You have that gap fill
slightly below which we talked about,
right? making this an ideal entry zone
anywhere around the 690 region for
resistance on Meta. You know, if it
continues to go up, you have the gap
fill here from earnings. And then the
highest point that we got an additional
pivot, guys, an additional level, the
highest point we've got all year around
744, which would be an additional 7 and
a half% from that initial entry. These
are two levels that I'm closely watching
this week. And should price level and uh
price get up into there, excuse me,
make sure that you guys go ahead and
check the live the Apex Live Day Trading
Room track record because I'm sure it
will be traded and if not by me then by
one of the other traders. But definitely
something to watch out for.
Additionally, we'll look at Tesla.
Similar thing here. There's this really
nice pivot high here around $433.
Now, what did I say? Not all pivots are
created equal. So, this pivot while
okay, right, isn't the best, but it is
about 5% higher. So, I'll move up into
there, the highest point we've got all
month, would certainly be uh a level
that I'd consider potentially entering
in maybe for a day trade, right?
[clears throat] for a longer trade.
We're going to use a bigger pivot up
here again other than after its earnings
uh at the beginning of the year. This is
the highest point that we've gotten on
the stock pretty much all year around
453
an additional 4 and a.5% higher. So this
is a case where I like this additional
level continues to push up then this
would be definitely an ad or an
additional you know day tradable level
there on Tesla
533 and at 4 uh 433 excuse me and at 44.
And then finally the third stock that I
really like is SpaceX. I know we're
talking a lot about pivots here and this
is one that's going to be interesting,
right? I'm going to give you a couple
bonus charts afterwards and we'll do
some exercises to kind of see, you know,
if if you guys are truly uh mastered
these pivots, which isn't, you know, the
hardest concept to grasp. Well, why is
this I want you to go ahead and and take
a look at this. Why is this pivot
important? We know that SpaceX uh IPOed
earlier last month on the 12th of June.
So why is this level important?
Well, it's a low pivot and and it is the
alltime low. Granted, it's only about a
month or so, give or take. No, literally
a month today, right? Yeah, the 12th.
So, literally a month of data, right?
So, you're anticipating
um at least a small bounce here from
this previous uh all-time low which was
just hit a few days ago, right? It's
interesting to see because um we did,
you know, after the initial push up, we
got as low here as 147 essentially. And
what did we see price action do? Well,
on Wednesday, we saw price action hit
there, go slightly lower, but then have
a bounce from that level eventually,
right? Leading to a potential to take
profit. I remember this because this is
a stock I actually traded in the live
day trading room. If you go ahead and
check on our track record to Wednesday,
you'll see that I literally use this
pattern, this pivot for um for a
potential bounce. All right. So, that
brings me to the last exercise I want to
go with you guys and uh try and find
out. What we'll do here is we'll take a
random stock. In this case, something
that's not too much at the highs and not
too low. Somewhere closer to the middle
of the charts. I'm going to delete my
previous drawings and you can take a
look here. Now, what I want you to do is
pause the video and tell me if you can
find the pivots that are going to be
most important
for trading this.
Now that you've gone ahead and done
that, I'm going to indicate a couple.
So, there's a nice pivot low. The lowest
point we've got all year, the Iran war
low down here on one uh 1250 will be
significant support for the stock. the
previous high, the uh highest point it
got all year around $28 should provide
resistance. So those are right off the
bat two significant levels of support
and resistance. But other than that,
what other levels do we have? Well, we
have right here the low the lowest point
we got basically right before earnings
or right after earnings, excuse me. So,
we see that on May 11th, two days before
my birthday, Regetti had earnings. And
despite having good earnings, it looks
like the stock pushed up and came down
and fell before bouncing up
significantly. And the lowest point that
Regetti got to, right, the lowest point
Regetti got to um prior to that bounce
was right here around $1546,
making that a significant pivot. Now for
resistance, the level that I'd probably
look at along other than gap fills,
which should work here, I really like
this 2357 level. This level is great
because not only is it a high pivot
here, the highest point we got in June,
right? It kind of combines, and we
always got to do that, not use more than
one factor with all of this price
action. We see we got a bounce here. We
traded up and around this level so many
times. So this is the line in the sand,
right? So the two levels that I like on
Regetti that are a little closer would
be 1546 and 2350ish,
right? Other and of course the $1250 and
$28 levels, but this was just a little
bit of a bonus for you guys. All right,
with that being said, I'm going to close
it here. Thank you guys so much for
tuning in and watching the Trading
Playbook. Um, if this helped you guys at
all, if you're learning, if you're
taking these setups, come back, you
know, tell me how these setups worked
out and, uh, leave a comment down below.
I hope you have a wonderful rest of your
day, guys. And today is the last day of
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have a great rest of your day, weekend,
evening, and I'll see you next time on
the Trading Playbook. Bye, guys. That's
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