How To Day Trade Stocks For Beginners | Penny Stock Investor

TL;DR

In this live stream, the trader provides analysis and commentary on the pre-market setups for various stocks, including AMD, Snapchat, Rad, and more.

Transcript

what's going on Traders it's freie with tech with Solutions thank you guys again for joining us for another live stream we are going live during premarket hours we have about 16 minutes before the Market opens it is 6:14 a.m. here in Arizona time I just want to thank you guys again for taking time out of your day and joining us so let's go ahead an... Read More

Key Insights

• 📈 AMD has been on a consistent upward trend but needs to break resistance at $13.40 to continue its upward momentum.
• 🍳 Snapchat is approaching a critical resistance level at $14, and if it breaks above, it could see a significant bounce back.
• 🚫 Rad shows signs of upward momentum and is trying to hold above $23, but it needs to break resistance at $24-$24.20 for further gains.
• 📉 Jay is approaching its support level at $16, and if it breaks below, it might continue its downward trend.
• 🌱 It is important for traders to have a plan and not solely rely on others' opinions for trading decisions.
• ⏰ Locking in profits is crucial, and traders should always be adaptable to changing market conditions.
• 🌱 It is essential to only invest in stocks that show value and to have a clear plan before executing trades.

Questions & Answers

Q: What is the current resistance level for AMD?

The current resistance level for AMD is around $13.40. If it breaks above this level, it could potentially reach $14.

Q: What is the critical point for Snapchat to break above?

The critical point for Snapchat to break above is $14. If it can surpass this level, it could signal a strong bounce.

Q: What support level should we watch for Rad?

Rad is trying to hold above $23 currently. If it can continue to hold above this level, it might indicate upward momentum.

Q: What is the support level for Jay?

Jay is approaching its support level at $16. If it breaks below this level, it might continue its downward trend.

Summary & Key Takeaways

• The trader discusses the current setup and trends for stocks like AMD, Snapchat, Rad, and more.

• AMD is showing signs of upward momentum but has faced resistance at $13.40 and needs to break above $13.50.

• Snapchat is approaching a critical resistance level at $14, and if it breaks above, it could see a significant bounce.

• Rad is trying to hold above $23 and shows signs of upward momentum but faces resistance at $24-$24.20.

• Jay is approaching its support level at $16, and if it breaks below, it might continue the downward trend.