merchants,
I’m excited to share my top swing trading ideas for next week. Last week was a great one for swing trading, with lots of fantastic opportunities and momentum. My ideas this week will be similar to last week and continue to stick with what works in this environment, like the idea I shared on IBIT / Bitcoin last week.
So let’s get right into it as I share my actionable ideas, plans and trade management for next week’s top swing trading ideas.
Continue unlocking in IBIT / Bitcoin
Last week’s top trend and idea from the watchlist was the breakout in IBIT / Bitcoin. It was simply a consolidation of textbooks aligned across multiple time frames and led to a substantial split. Tick all the boxes I’m looking for, for this particular setup.
Now, the way Bitcoin is consolidating near the high of the move has allowed another solid R:R setup to form in IBIT. With this particular follow-up, my schedule, once confirmed, will be three days to a full week.
*Please note that the prices and other statistics on this page are hypothetical and do not reflect the impact, if any, of certain market factors such as liquidity, slippage and fees.
Here is my plan, reactive and after confirmation from Bitcoin:
If Bitcoin is above $64,000 and IBIT has authority above $36 – $36.50s, then I will look to add to my long swing that I currently have with a hard stop on that addition near the low of the day.
My first target would be a Bitcoin move towards the all-time high around $69k. Down the road, depending on Bitcoin’s momentum, I may look to short and sell up to a fifth of my position each ATR as the stock moves higher. Ultimately, however, the plan is to take a third of the high and after that, look to follow my position using higher lows on the hourly time frame, while manually exiting ¼ of my position each higher high that makes within its upside voltage.
Breakdown in ARM:
Semis continues to lead the industry, with constant rotation and breakouts in many different stocks daily and weekly.
ARM has spent a lot of time on integration, with levels shining across multiple time frames. I also like that he’s consolidating over the resistance of his previous mini-unification. This signals strength to me and that the possibility of it breaking out is likely to increase.
*Please note that the prices and other statistics on this page are hypothetical and do not reflect the impact, if any, of certain market factors such as liquidity, slippage and fees.
Here is my design for ARM:
Looking for ARM to push above Friday’s high and hold with authority and increased RVOL. If that happens, I’ll go in long with a stop below the low of the day. After that, if ARM pushes above $150, holds and shows notable strength relative to the sector, I will double my position.
The first target here is a move towards $160, which may have some supply, and 1 ATR from the $150 add zone. After that, I will follow my stop using the 15-minute chart approach higher lows and look to manually exit the position as the stock makes significantly higher highs with this uptrend breakout, in the same time frame. Once entered and confirmed, the expected holding period for this position will be approximately three days.
Multi-Year Small Cap Consolidation Split / IWM
IWM ended the week up 3%, near the high. In particular, this put IWM ahead of the broader market ( SPY ) and the technology sector, which closed close to 2%.
What’s interesting about this is that IWM also closed the week above a multi-year consolidation exit inflection point near the $205 zone. A breakout of this size can have legs and serious momentum, so I’m watching it next week for entry.
*Please note that the prices and other statistics on this page are hypothetical and do not reflect the impact, if any, of certain market factors such as liquidity, slippage and fees.
Here is my plan:
If IWM maintains its recent momentum and relative strength, I will go long on either a higher low above $205 or a breakout above $206, with an initial broad stop of $203, below Friday’s low.
My first target would be a move towards $210 – $211, a notable area of interest and potential resistance on a higher time frame. At this level, I will look to exit from a third of the position, to half of the position, depending on the price action. After that, I intend to hold this position for an extended period, possibly up to a month, targeting a move towards $225 – $235, a major potential resistance zone. How do I follow the attitude? I will follow a part of the position using the hourly time frame, the higher lows and the rest using the rising 5 day SMA.
Important Disclosures
