Did We Hit Our MRVL & JD Targets? Full Trade Review

Good afternoon, traders. Friday, March sixth at three fifteen p.m. All right, let's review our trade setups to see how we did. We had Marvel that had earnings, I think, and then we had JD with some news, China strength, whatever the deal is. But anyway, look at this on the right-hand side. Marvel gapped up today. Monstrous prints down here. Millions: one point six, one point three, one point three. Some smaller ones. We had this consolidation going back from here, from February 6th all the way through to March 5th, a whole month of consolidation. And then you see this pullback yesterday. Look at that, was— look, it looked really bearish, increasing volume, breaking below. But there was a print here, 75-something, uh, 75.68, and then boom, we shot up. So If the institutions were adding to their position at this point, they were probably in here because now we're— they rarely lose. So this is taking off there. So let's see how we were doing. We had mapped this out: bullish above 87.25, bearish below 85. So we were back up here. That's 7:45. Okay, 4 AM, we were right here. When we were mapping this out, so we were bullish above 87 and a quarter, bearish below 85. So this broke down fairly quickly, 85, and then coming into the open, we came down here to about 82.58. And so we had a target down to 84, 83, and then 82.08 was our target down here. This cam, but anyway, it's it hit. 2 of our targets, 85 to 83. So that was a 2-point move on the downside. On the upside, bearish below 87.25. And so at the open here, when we look at 9:30, at the open, you see this increasing volume took off. Now, 87.10 was R3. That's usually oversold. So what we did is we hit that, pulled back, test, break. Retest, moving up a little bit. Could get in on this candle as well with that increasing volume. You just have to set your stop below the R3 on that. That's, that's pretty standard technical analysis. To this one, you'd have to risk about, uh, 40, 60, 70 cents if you did that for it to get below here. But this one pulled back and then it moved up to hit our targets up to 90, 92.12. We had this here, which is R4. This was this was a big target for us. Ninety and then ninety-four, ninety-five, ninety-seven, fourteen. We had mapped it out up to here should it actually continue. So this is really the story. I end up saying with this four and eight exponential moving average here, if we're riding that, there's no reason to get out. So if you get in at a great spot, if we start closing below the four exponential moving average or the eight. That's up to you depending on how long you've been in it for. If you're scalping, if you get in here and you start seeing this, you want to you want to take some profit. But this one came back and then gave it another go. This one here for sure, I I would have I would have gotten out because where could it go? Right back down to the support. And if you don't have that sort of a decent entry point, or this would be too much for you to risk. Then that's— then you would probably get out. But if you still have like a quarter of a position for go big or go home after you've hit some of these targets, then you could set it below that if you like. But this one came all the way up to 92.12, which was, uh, which was excellent. Our R4. And, uh, so 8— yeah, 87.25 to 92. That's almost a 5-point move there. Now this one's pulling back So what, what you need to see here, you can say why it's pulling back. Well, there's volume, stuff like that. But here's a really cool feature in Moby. If you're trading and say you're watching Marvell, I'm going to click this here. All trades as they happen within 60 seconds of it hitting the tape, it's on your screen. So when you're looking at this, you get this 120K, 88K. These are much smaller than these 1.6 million and things like that. These are the prints that position the price action where the institutions want it to go, right? So if you— if we're seeing this come in, uh, 88, 88, and you see this 126K, and then we come in, then there's another print, and you come in and you come back and you retest it Increasing volume. This now is support. Technically, it's support, right? That's one thing. But a confluence is having the institution with you in that direction. This to me, when I see this and coming back to that, and you've got institutional support here, that's phenomenal because we came up here, we had a 54K print. But see how many times we tested it? One, two, three, four, five, and then started moving up. You've got increasing volume here, right? You can see this on the bottom, increasing volume, and then there's an entry point. And then as we're getting into this, there's more prints, and you can see this again, another 100 and something thousand. 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12 candles, 13, 14 testing it. It upthrusted a bit, and then when the retest of these prints, it actually failed back to my 50 simple. Now when it's trying to push up here with this increasing volume, it's turning around, and then now it's coming back. So where are the targets here? You can look left for support and resistance. I would say maybe back to this print if we can get back to 88, 88, 88.40 down to 88. And so now we've got the 4 and the 8 running together here on the downside, increasing volume. Then we'll see if the momentum can get us back here. So there's a good entry point when this broke down below this candle, increasing volume. And so look, if we're watching this 88.95, and then we could watch it, see if it comes back down to this print area and see. So it seems to be selling off a little bit, getting close for 40 minutes before the close. So those are good entry points in watching that. So I'm going to turn this off because we'll do the same exercise With JD. Okay, so JD here we discussed this in the morning. This is we we noted the selling here. We had this consolidation of prints here pulled back increasing volume. This is a great reversal pattern increasing volume. Look at this, and then there was news today. If you see this chart like this. send me an email, I'm buying you dinner, right? Pullback like this, increasing volume, closing above the prints. We're below the 4 and the 8 though, but for me, this is a great reversal sort of pattern. And then this one moves up and through this. So now we're through these recent prints. Let's see if this actually holds, but this to me is a pretty decent swing on the upside. And then the next target would be 2816, this print. We've got the 50 simple moving average. That's here, and then I've got the 100 at $29.61. So if this is going to continue, then this is a bit of a springboard. So let's see what we actually had planned out for this one. So we were bullish above $27.25 and then bearish below $26.49. So none of these worked out because we're at $27.28 right now. So when we map this out, let me go find the 4 AM. We were over here. I think it was 4:15 or something AM that we had done this. So I was bullish above 2725, bearish below 2649. This actually broke our 2649 pre-market, but our first target here was 2614, and the low was 2618. So it was 4 cents off my target. And the way— so even if I don't trade this, I'm going to count this as a loss because it never hit my first target. And so I've tracked all of my trades from December 3rd, every— all of my call-out videos from December 3rd, 2024. And that's how I've done it. So if I haven't taken the trade or anything like that, if it doesn't— if it enters and doesn't hit my first target, I count it as a loss. Even if you saw this and you're coming down, it's like, while I'll wait for this for support or whatever the deal is. I'm not changing my mind because I called it out. So that's really the deal there. So now because we were bullish above here, it was later in the day where we got up to the 2725. Now there were opportunities for a reversal. This all occurred before the market opened. And so we see here that you always have a massive 9:30 candle. But there's a break, retest, increasing volume. This on the close of this or this one breaking above is a great entry. So $26.60 would be a phenomenal entry all the way up. And then where the target were these prints, right? We wanted to get above these prints as far as where we were mapping it out this morning. But this is a really good— this is a really good example. So if we're watching the institutions trade Let me turn this on. This makes a big difference here, right? 100K, 50K, 2648, and 2646. So when we see this, this is pre-market, so this would have come in around here. We have this break, retest, increasing volume. The prints here are now support. So when that means there's institutional conviction here And it might have taken them 1, 2, 3, 4, 5 candles to get 150,000 shares. It depends on how thick the stock is. But then you see this and breaking above, you're like, yeah, I'm in. And as we got up here into this other print area, 288K and 50K, these were coming in. But you see how we went sideways even though it was all through lunch. We went sideways in these old trades. Back from February 13th. And so now we're up here at the 2721. So neither of these hit my target, so I'm counting this as a loss on both sides. So the stop-out long and the, uh, the stop-out short, just, just to be completely fair, open, and honest with, with you guys on that. But there was a nice trade here from the 2660 All the way up to our target $27.12. So that's, that's, um, 52 cents on that. The ATR was on this is 70, so you got to be careful of what you're actually expecting, although we had the gap. So we'll see what happens with this one. All right, there you have it everyone. So, uh, tomorrow I'll be working on our Dark Pool Weekly Report that's coming out Sunday. So we'll have— we'll review all of our trade setups for our swing trades for the previous week. We'll see how we did there, and then we'll learn something new in the newsletter, and we've got just, uh, some new trade setups. I do about 13 of them every week, and we always cover SPY, QIWM, and then I have 10 other stocks. And so it's a summary of my Twitter callouts for the week. Those are really big ones anyway because they're worth calling out. And we get some new trade setups and see what's going on in the world. So yeah, mobiticktrading.com/weekly-report, or click the link in the description below, get signed up for that. And yeah, you'll have a whole new issue this Sunday. Happy trading. Mobitick has partnered with TrendSpider to bring real-time institutional trades to your charts. Click the link in the description below for more details.