Swing Trade Ideas Taiwan Semiconductor Manufacturing Company Ltd. ($台积电(TSM)$) Strong bounce each time it hits the support zone 107.05-109.34. Currently very near the support zone. If breakthrough 112.80, my target zone is 116.19-118.13. Possible to enter a small position at the current level as the risk/reward ratio is relatively good.If fall beyond 107.05, my target is 104, which is the next support level.I will take at least 1 month's expiry. DraftKings ($DraftKings Inc.(DKNG)$) DKNG is a little tricky. Currently, range-bound but might see a relatively big move once it breakouts from this range. I'm looking at 53 calls if it holds around 47.70 level, with a tight stop-loss
$Coinbase Global, Inc.(COIN)$seems like the start of a falling knife. Regulators doesn't like interest account for crypto assets for a good reason (higher interest rate than any shit banks can offer). I mean same thing happening with blockfi right now. A few states ordered a cease and decease order. Ridiculous. Government don't like what they are unable to control. With coinbase pushing towards an interest account for crypto asset, I can only be nothing but bullish about it over the long run.
US markets continue to trek higher this week. In fact, after looking at the price movement yesterday, I was of the view that Nasdaq 100 will make another all-time high even before Jerome Powell's speech for Jackson Hole. With points level at 15432, readers who read my articles and posts since the beginning of this year would have noted that my price target of 16,000 is likely to become a reality. Rather than to cover more on what Jerome Powell had spoken yesterday, I would touch on another interesting area, which even I myself was caught by the sudden tide that hit numerous hedge funds that invested in Chinese stocks.Since the Bill Hwang's saga back in March that led to a quick meltdown of Nasdaq 100 futures and several stocks from large to small cap US and Chinese stocks, a number of US b
$AMC Entertainment(AMC)$excited for the earning updates. Also curious whether the shorts will continue to dig their graves deeper just for the sake of frightening away some paperhands before the squeeze.