This is the trading playbook where the
charts do the talking and every session
makes you a better trader.
Happy Sunday everybody. Hope you guys
are doing well. Latin Ho here with
Verified Investing.
And I know the weekend's almost over,
but as sad as that is, the market means
the markets are almost open and it's
almost time to make some trades.
Um before I don't get any get any
further before I don't I get any
further, please consider liking this
video and subscribing to the Verified
Investing YouTube channel. Additionally,
guys, if you haven't checked out
yesterday's episode, please please
please make sure to do that, or else
this is not really going to make sense.
I'll go, you know, as always, I'll do a
quick refresher on the concept that
we're talking about. But,
um this is going to be a very very
exciting episode um because I have three
awesome potential trade setups
for us to potentially take in this
upcoming week or next week, depending on
how they play out. All right.
With that being said, guys, let me go
ahead and share my charts and we can hop
right into it. And before I go anywhere,
I'm like kind of giving it away.
Let me go ahead and QQQ.
What are we looking for? We are looking
for
death crosses or golden crosses using
the smart moving average. And just like
yesterday's episode, red means uh 50-day
um
blue means 200- day.
All right.
So, let's hop right into it. and you
guys tell me whether you think
you can find the trade setup.
So, go ahead and pause right here,
and tell me, by using what you see,
where is the cross? In this one, it's
pretty obvious.
And is it a golden cross,
or is it a death cross?
Right?
What are we looking for?
Now that I've given you some time to
head into it, here is plan A.
So, on SMCI, we are looking at a
potential golden cross. You can see on
Friday,
look at that,
the uh 50
SMA is testing that 200 SMA, and if it
flips, creating that golden cross,
favoring a nice move higher.
Now, if SMCI can push higher, you're
looking for an entry, you get in. Well,
where the next couple levels of
resistance that I'm watching here on
SMCI?
Well, let's go ahead and see.
First one, boom, right here. 42.31. It
is that high pivot just from the other
day back on uh
Thursday, the 13th of August.
That would be approximately 13% higher
if it can push up into there. One, I
anticipate resistance. And two, let's
say you break it, you could be headed to
this 45 around this $45 level with all
this kind of price action here.
So, this is certainly something that's
going to be on my radar immediately here
for SMCI. All right?
We're going to, just like we did on this
one, we're going to do the same thing on
Duolingo.
We're going to pause before I explain
the play. Is this a golden cross or is
this a death cross? Go ahead, pause it,
sit with it for a second,
and try and figure it out and let me
know.
You got that?
Duolingo?
Okay, well, here's plan B.
Plan B is also a golden cross. Look at
this. How it's working out perfectly for
me that into the end of the week, that
Friday moving into next week starting
tomorrow.
Boom, favoring a move higher.
If we can
make and complete this golden cross,
where are we looking for resistance?
Couple levels. Let's see use some of the
other things that we've come to know.
First off, a nice beautiful pivot high
from
the the 23rd of January. This is the
highest price we've gotten all year,
right? All year since the start of the
year.
Pretty much.
Um
there's we got slightly higher here
around 191, but since then this is the
highest point we've been. If we can
break up through there, there's a nice
gap fill, if you remember from a couple
episodes ago.
Maybe that might have been my first
episode, not sure. 176.66.
So, looking for a potential long here
and looking at these three key levels of
resistance coming up here
on
Duolingo. That is plan B.
And finally, the third stock
is Qualcomm, QCOM.
Go ahead and pause it, just like I said
the other way.
Pause it and let me know if you can find
whether this is a golden cross or death
cross.
And when that will talk about it.
Got it?
All right, plan C is Qualcomm and you
know I had to mix it up and throw in a
death cross for you. So it's not as
close as the other two were. Literally
SMCI Duolingo literally right there
creating that. I'm not fully crossing
though.
This is a little ways away. So should
Qualcomm come down, test this 200 SMA
and actually break it. And basically
what that would take is a couple more
down days.
That would be potentially bearish. So
let's say it doesn't end up doing that.
We're a couple levels of support. First
off, clear level of support gap filled
down here on 151
would be a move approximately 6% lower.
Should it continue to flush though, I'm
watching a pivot from that same exact
day and an additional gap fill here all
the way from April. So you have three
clear levels of support here on
Qualcomm. Now the the lower you go, the
more difficult it may be to, you know,
ultimately end up
breaking those levels. But should they
break, look out below. All right? So
those are my plans. Plan A, SMCI golden
cross, bullish.
Duolingo golden cross, bullish. Qualcomm
potential death cross,
bearish.
All right?
With that being said guys, that's all I
have for you today.
My name again is Lawton Ho here at
Verifying Investing. Guys, please
consider liking this video, subscribing
to our channel and let me know what you
want me to cover next.
With that being said, have a great rest
of your weekend and I'll see you next
week on The Trading Playbook.
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