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.
MU (Mind the STOP closed below $43.70) A Cycle Wave Set-up with a Daily Trigger (1/2 size). Intermediate Wave 3 measures to $67.43. Stop is the red Speedline at $43.70. Not exactly equal but its always been a leader out of bear markets.
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.
SNAP stopped triggered!
NIO pulled on Bank Run (I still like it a lot!) $15 gets very interesting…
Primary Wave Set-ups NOT on the VSL
VEEV (Tagged the breakout line!) A Primary Wave Set-up with a Daily Trigger (1/2 size), but I add to a full position on breakout. Intermediate Wave III should measure up to about $233.01. I’d use the 200 day as my stop now, $205.34.
ROKU (Traders interest is growing!) 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.
