🌊 Is Now the Time to Chase the Rising Tide in Stocks? 🚀

Hello, Investors! Zachly Trades here, your trusted captain through the ever-changing seas of the stock market. Thanks to Investment Intelligence, we've navigated some thrilling waves, but as the market horizon shifts, let’s ponder our next move: Do we chase the current or wait for the next surge? Jumping into stocks right after a rally is like diving into the ocean just as the tide pulls back; what seems like an inviting wave may actually be a riptide in disguise, ready to pull the unwary into the depths.

The Chase or the Wait: Navigating Market Uncertainties 🏄‍♂️

Our voyage has been exhilarating with picks like ETSY and RBLX. Remember ETSY, our hidden cove discovered below $65, now soaring high? And RBLX, our swift sail caught at $31, following in ETSY's wake. To those aboard, congratulations on these triumphant tides! 🌟 After such rallies, now may not be the time to chase the highs in those stocks, but stay tuned because there is a stock we’ve found worth a look.

ETSY Daily Chart

RBLX Daily Chart

CCL: Unveiling the Discord Gem 💎

In our exclusive Investment Intelligence Discord, we unearthed Carnival Corporation - a treasure shared amidst our tight-knit crew of savvy sailors. Here, you're not just reading maps; you're part of the treasure hunt!

CCL Inverse Head and Shoulders

📢 Join the Voyage: Not yet a crew member? Dive into the Investment Intelligence Discord for exclusive insights to all of the trade ideas and be part of our collaborative charting through the markets. One of our members made over 5 figures on just CCL alone yesterday! Join us and catch the next wave! 🚢

Exploring New Horizons with NIO ⚓

Let's set our sights on NIO. Both the Weekly and Daily charts signal strong tailwinds:

Weekly Viewpoint: NIO revisits a calm demand zone from summer 2020, potentially signaling a double bottom - a formation suggesting an upward trend in an area of demand untested since summer of 2020. The RSI hints at bullish divergence, suggesting a possible shift in tide.

NIO Weekly Chart

Daily Analysis: Echoing the weekly chart, NIO tests this demand zone, showing signs of a bullish trend and a forming double bottom. An intriguing gap up to $10.19, like a hidden island, awaits exploration.

NIO Daily Chart

Charting NIO's Course 🧭

  • Embarking Point: Watch for NIO's return to the demand zone - your harbor for anchoring a position, possibly launching the double bottom's rise.

  • Navigational Strategy: Target the $10.19 gap, but navigate carefully. The stock sea is fickle, and we must sail with precision. Determine your time horizon based off the Weekly or Daily chart.

Risk Management: Your Safety Raft 🛟

  • Stop Loss: Set just below the demand zone to avoid sinking with unexpected currents.

  • Position Sizing: Balance your cargo; overloading could capsize your gains.

  • Vigilance: Confirm the trend with a neckline break before expanding your position.

The Investor’s Compass 🧭

As we chart towards year-end, remember, it's the disciplined sailor who triumphs. Keep an eye on markers like the US Dollar and 10-year treasury yields, which can foretell market shifts.

Join the Fleet: For the complete navigator's guide to these and more treasures, sail towards the Investment Intelligence Discord. Together, we'll uncover the market's hidden jewels. 🎣

If you've found this rundown enlightening and want to support the content that keeps you ahead of the market curves, consider buying me a coffee! Your support is immensely appreciated and fuels the production of more free, valuable content.

Until our next adventure, trade smart, stay disciplined, and may your portfolio swell with the rising tides!

Zachly Trades, over and out. ⚓

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