As needed updates to Shooter’s long-term position trading Elliott Wave charts for our Plug & Play quarterly stock focus lists. Use these charts for:
- Adding to holdings and selling cash-secured puts near pivot bottoms.
- Trimming gains and selling covered calls near the pivot tops.
Plug & Play Primary Wave Set-ups
Looking for spots to buy and/or sell cash-secured puts.
EMQQ NEXT ENTRY LONG is $28.98. A Primary Wave Set-up with a Daily Trigger (1/2 position size). Measure to $41.58 for a Intermediate wave 1 in early Fall 2022. Stop is the 90-minute trigger.
SPWR a Primary Wave Set-up with a Daily Trigger (1/2 size). Intermediate Wave One is extended now, which is good and measures to $25.74. Stop is now BE or the 90 minute trigger at $14.22.
RUN (Weekly Trigger is getting ready to fire!) a Primary Wave Set-up with a Daily Trigger (1/2 size). Intermediate Wave One is extended now, which is good and measures to $37.46. Stop is now BE or the 90 minute trigger at $18.81.
Plug & Play Trims And Selling Covered Calls
Looking for spots to trim gains and/or sell covered calls.
Primary Wave Set-ups NOT on the VSL
VEEV (Next Entry Long is $196.05) a Primary Wave Set-up with a Daily Trigger (1/2 size). Intermediate Wave III should measure to about $217.98. Stop is the daily trigger at $170.33. VEEV should be good to add to a full position on a breakout.
ROKU (fading a bit) a Primary Wave Set-up with a Daily Trigger (1/2 size). The Intermediate Wave I should measure to about $184.78. Stop is the daily trigger at $87.87. Not as euphoric as NIO or VEEV.
SNAP a Primary Wave Set-up with a 90 Min. Trigger (1/4 size). The Intermediate Wave I should measure to about $30.42. Stop is a close below the setup $11.88.
NIO pulled on the Shang Zen Bank Run (but, I still like it!)
