Hey, traders, Andy here with some fresh trade ideas to kick off your week. If you’re like me, you’re buzzing from the market’s recent activity. Did you see the SPY and the Qs on Friday? They soared, hitting all-time highs. Who says Mondays can’t be exciting? Let’s not waste time – here’s the lowdown on what to watch in the coming days.

Up and Over: Stocks Challenging Resistance

First, we’ve got a head-turner in the AI space — PLTR. This stock is teasing us, flirting with an area of resistance right around $17. A quick glance at the charts confirms it’s a significant pivot point. If PLTR can conquer this level, it’s time to pay attention — I’m considering a partial entry to start. It’s like a test of strength, breaking through that resistance and the downtrend.

A chart showing PLTR testing the $17 resistance level.

The Path to Profits?

Next, let’s chat about PATH. Although it’s a different beast — not the same resistance game — there’s something mighty attractive about how it’s clinging to the 50-period moving average. Today, it’s busting a move above the ten-period MA too. Stocks like PATH might warrant a half-position to begin with, nurturing it to a full-fledged winner over time.

PATH as it gaps up above the ten period moving average.

Stock on the Rise: Is S Set for Success?

On my radar is also ‘S.’ This one’s personal, I scooped up some shares on Friday. This morning, it’s gapping up on a massive upgrade — though who upgraded it has slipped my mind. It’s a twist in the plot worth watching.

A Force in Pharma: Amgen’s Chart Power

Then there’s Amgen, a biotech behemoth with a chart that’s as powerful as its drugs. Keep an eye on a potential break above its all-time high. Set your price alerts, folks — this could be a key moment for big moves. On Monday morning, Amgen peers out from a gap-up, though it’s not at an all-time high yet. The stock is in recovery mode, and breaking through 200 could signal strength.

Amgen poised for a potential breakout.

ACMR: Bouncing Back with Vigor

Let’s not overlook ACMR. After enjoying a robust rally, it’s taking a breather and bouncing off its ten-period moving average. That sort of resilience and rebound catches my eye, and it should catch yours too.

Stock pickers and chart junkies, remember that these are just a few highlights from the treasure trove of opportunities out there. If you’re wielding Trade Ideas, delve into those charts for more intriguing setups.

So, that’s my take for the day. Stay sharp, manage your risk, and remember, the best traders keep it tight — always ready for the next move. Have an excellent trading day, and let’s reconvene tomorrow. Until then, trade smart and let those profits run.

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