Hey yo, what’s up everybody? What’s going on folks? Welcome to the true trading good live stream. How are we doing? First first uh trading day of the week. Obviously, we had the day off yesterday for Memorial Day. Um if you guys caught my live stream last night, we went over a bunch of uh possible trade ideas here for us to come into this week. Uh one thing that I didn’t really see happening when we were on the live stream last night was just how much of a gap up we were going to see in some of these semiconductors. Micron, SanDisk, AMD, uh, SO XL. SOXL up 18%, Micron, um, you know, up another 20% today. Just unbelievable move in these memory names. The memory rally continues. We’re actually seeing some selling pressure come in, especially from some of the Asian participants in the Korean markets. some selling coming into crypto, some selling coming into Bitcoin. And that’s fueling the chase that everyone is seeing here in the in the Cosby, which is the Korean markets that is just being completely completely pushed to um because of the memory names and the whole market really rests on memory and you’re getting just this followthrough in the names here. It’s just been an unbelievable move, guys. It really has. I want everybody here, all of you that are members of Truth Trading Group and those of you that are not members of Truth Trading Group, all of you that are on this live stream right now, you got to go ahead and do me a favor, smash that like button there right now. Every single one of you, almost a thousand people that are on this live stream right now, I want to see that like button start to get smashed. We’ve got Zcale earnings that are out. We’ve got a new swing trade position that I’m in. We already took profits off a couple of times today, though. But I’m going to walk you through an absolute picture perfect long setup. You guys want to know what a picture perfect A+ long setup looks like? I’m going to show you right here on this live stream. And I want to say thank you to all of our AI tools that we have here at True Training Group for helping me to identify a picture perfect long setup. It’s something that I have dubbed the TTG triangle. It’s a pattern that as a member you will learn. It’s my absolute favorite pattern. It’s got a very high um probability. It has incredible riskreward and that really came through and showed itself there today. Um, and that is on TE. Yes, TE. We are long TE. The stock was up 30% today. Massive breakout day for the stock. We got long there early this morning. We held on to it the entire day. We took some profits off in the middle of the day as the stock extended towards $11 and we are still in some of that position. I’m long from the 960 zone. So, I’m going to go over I’m going to walk you through that setup. What does it look like? What are the criteria? What are the checkpoints that you want to look for before going ahead and taking that trade? Or you could just use our AI system to identify these setups for you. So you guys don’t have to do all of this work. But I’m going to show you how to do it manually. Anyway, if you guys are you like to learn, you like to do it yourself, cool. I’m going to tell you how to do it. But our system does identify these patterns and setups for you. Um, we do have a custom proprietary TC triangle scan with our AI system that identifies these patterns for you. Whether it’s a small cap, a micro cap, a midcap, a large cap, whatever it is, you can identify what type of trade you’re looking for. You can do it by share price, you can do it by volume, you can do it by market cap, and you can narrow it down depending on whatever it is that you trade. So, um, really great call out there today by the system. Um, and it’s just a a beauty of a trade. So, we’re going to get into that. There’s a lot to talk about, a lot to go over. So, I want you guys go ahead right now and smash that like button. Show some love for the channel because I want you to get your notebooks out. We’re going to take some notes here because we’re going to learn some stuff today. If you guys are wondering why you should listen to anything it is that I discuss on this channel, it’s not because I think I’m the world’s greatest trader. It’s just that I didn’t I didn’t figure this stuff out on my own, guys. I’ve been trading now for almost 20 years. I began my career working at T3 Alpha Fund in New York City. My first job out of college. While there, they had me go through a training program. Hopefully, let me touch $1 of the firm’s money. And uh shortly after that, we actually had 2008, which was the great recession, the big stock market crash. Um but I am uh shortly, excuse me, the big stock market crash. 2008, great financial crisis, great uh great recession. But 2008 was actually the same year that I also received one of the trader of the year awards at the firm that I was working at. Um, and really was was how I got my start, you know, and now many many years later, you fast forward and I’m now the co-founder and the head trader at True Trading Group. And we have built out a fintech platform for retail traders called the TT terminal. And it’s a system that really gives retail traders access to data analytics tools and resources that help them make better decisions, really give them an edge and an advantage over other retail traders that don’t have access to these things. similar data and analytics that professional traders have access to through Bloomberg through the Bloomberg terminal. That really gives our members an edge, right? Really give our members um really give our members an edge.
Okay, so just fantastic, right? Just absolutely fantastic. I’m getting some members here. Glenny got me into TE last week. Made enough for the annual membership. Way to go. 13479449. It’s an interesting username, but congratulations. Yeah, Glenn is another one of our moderators here at True Trading Group,
right? So, there you go. Very nice. I didn’t even know that. I didn’t even know that Glenny is is in. Is Glenny still in TE? I didn’t even know that. So, it makes you that makes you feel even better,
right? That makes you feel even better. Um, but yeah, this this is TEA. This is TEA. We’re going to talk about this. We’re going to talk about this in just a moment. Um,
all right. We’re going to talk about this in just sorry guys, there’s getting a bunch of messages that are coming through. He didn’t make a call on it, but Oh, okay. Very nice. Well, you made enough money to pay for the annual membership. That’s fantastic. That is fantastic. You know, that’s the thing here at True Trading Group, and I was just talking about some of these AI tools. But True Trading Group, yes, we also have a chat room. There’s seven professional traders that are with you live every day. We share our screen. We trade in front of you live. We answer questions, provide market commentary, provide our trade alerts. Um, and then we also have courses and all those things. But really, what it comes down to, guys, is um are those tools and is the fintech platform that we’ve now created. We actually received the Benzinga Fintech award for best AI analysis tool. We have partnerships with the NASDAQ, Benzingga, OpenAI, Data Vento, Trading View and Unusual Wales, our partners. And I want to give a big shout out, very proud, very proud to be powered by those companies that makes um what we have built, you know, possible with some of the AI tools that we have here. So, that’s what you guys have when you get access to True Trading Group. And honestly, what it really comes down to and what matters most is that people are making money. Oh, I like that. Gus Medina says TE is going to 15 this week. Gus, I hope so, brother, because I am long. I am long. So, from, you know, your lips to God’s ears, TE is going to $15 this week. I hope so. I don’t think we’re going to get to 15 this week, but I hope that we do because I am long. Okay, members of True Trading Group that are on this live stream right now, I mentioned to you guys before that that’s what this is all It’s all about making money. Members of True Trading Group, I want you to do me a favor. Type the number one in chat right now. If you guys are making money and you’re becoming a better trader because of TTG and because of the tools and resources that you guys have access to. If you’re making money, I want you to type the number one in chat. Those of you that are not a member and you guys are on this live, we’re going to get into Zcaler’s earnings. We’re going to get into TE. We’re going to get to new alltime high on the markets. New alltime high on AMD and Micron Sandis. We’re going to talk about all these topics here today on the live. But if you’re not a member, I want you to pay close attention to how many people you see typing number one inside of chat. All these people you see typing number one are members of True Trading Group that are telling you sitting here right now live telling you they’re making money with this platform. They’re not luckier than you and they sure as hell don’t have more time than you because 82% of these people have a full-time job. True Trading Group has 11,000 members in 114 different countries. Truly a global community. We day trade, we swing trade, we scalp, we also cover long-term portfolio investing, we trade stocks, options, crypto, and futures. There’s literally something for everyone here inside of True Trading Group. So, you can see all these people that are typing number one in chat there right now. Listen, if you guys are not, will there ever be another significant market correction that people can use to buy into a long-term portfolio or the market just keep ripping straight up? Yes, Jeff, of course, there’s going to be another uh market correction. Of course. Okay. Of course, there has been. There’s going to be another uh another market correction. There absolutely will be. Okay. And when I think that that market correction is underway, when I think that market correction is getting started, I will absolutely be letting all of our members know. And I will absolutely be stepping in and and adding to stuff in my own long-term portfolio when I feel that the time is right. Um, obviously we’re in the middle of a huge market rally and a big meltup. Um, but yes, there will be another correction and if you guys are members at your trading group, we will be all over it. We’ll trade it to the downside and then when the dust settles, we’ll load up on some stuff in the long-term portfolio. Uh Brock says, “What’s up, Mike? I haven’t been trading much because I started my business back up, but I came in today and within one hour I had one of my biggest days ever. Thank you for your teaching, Brock. That’s my pleasure, man. That’s my absolute pleasure. I love to hear that. Congratulations.” That’s all it takes. One hour. One hour and he had one of his biggest days ever. My boy Brock. Mari is amazing, says Henry. You bet your butt it is. That’s why all these people are sitting here telling you they’re making money because our platform, the tools, they are fantastic. Our holy grail trade plan generator has 72% win rate on the trade plans that it generates. Our active trading mode trading assistant is giving a 22% uh boost in relative performance for members that are using our trading assistant. Mari is absolutely amazing. Um which is the AI persona that gives guidance, answers questions, and helps doing some deep dives, researches, and the um proprietary scanners and everything else that I actually use today. Our proprietary TT triangle scanner to identify the setup on TE that I’m going to show you in just a moment. Um, and and then you have our AI charting software, which is unbelievable with the level three data that we have through our partnership with the NASDAQ. I mean, these are tools that really genuinely give traders an edge and give them an advantage over others that don’t have them. And I’m not just making this stuff up. And guys, members, just yes or no. Do you feel like the tools that you have access to on this platform, do you feel like they gives you an advantage over other traders that don’t have them? Just type yes or no inside of chat. Because when I say stuff like this, I don’t want those of you that are not members. You know, this isn’t just, hey, trust me, you know, I don’t want you just to listen to the just believe the words that I’m saying just because I’m saying them. I want you to believe them because members of this platform that are actually using these things are having success with them and they’re telling you that they are. That’s really why I want you guys to believe and listen to the things that I am saying. I just, you just saw me ask, hey, if you’re making money, go ahead and type number one. Hey, if you feel like you have an advantage over traders that don’t, go ahead, type yes or no. Look at my boy Joe. Three for three today. Nphase, Amazon, and TE. Holy Grail is on fire. Yeah, Holy Grail has been absolutely on fire. 450,000 trading plans have been generated in the last couple of months by members through our Holy Grail trade plan generator and has a 72% win rate as it stands right now on those 450,000 trading plans. Unbelievable. So, you can see how many people are typing the word yes, right? These are members are telling you that the tools they have give them a distinct advantage over those who don’t. Now, those of you that are on this live stream that don’t have access to these tools, you are in for a treat because I’m going to give you access to these tools for 90 days. Kyo says, “I had my best day today in at least 50 years of trading.” Wow, 50 years of trading. You have um a lot more experience than I do. I absolutely love to hear that though. Your best day today, Kyo. Congratulations. The constant improvement in tools to go along with the teaching that we’ve gotten has been improving profits exponentially. My boy B John, always a pleasure to have you on the stream, brother. I see you in chat all the time. You’re kicking ass and taking names. Congrats. Another member right there that’s seeing their trading statistics improve. And that’s what this is really all about. Mari helps you not to rush and make mistakes. My boy Henry, there it is. So, these are members that are saying these things. If you’re not a member, here’s what you can do. I’m going to let you use these tools for 90 days for 90 bucks. A dollar a day is what we’re going to charge you to try out this platform. Use these tools. Go to trueradinggroup.com990.
Everything that you see on that page is going to be included for 90 days for 90 bucks. $1 a day. It’s not a subscription. It’s not a membership that’s going to renew. It’s a just a one-time payment that gets you access for 90 days. That’s it. If you forget to cancel, don’t worry. You’re not going to be charged again. What I’m going to tell you here is I don’t want you to just believe me about the things that we have on this platform will help you guys to make money. I don’t want you to just believe me. I want you to actually use them for yourself. I want you to actually make money for yourself. Then we’ll talk about you becoming an annual member. 13479449 says, “Sign up for the trial. I made it back within a month. Would have been two weeks if I didn’t sell early on Dreamland two weeks ago before business meetings.” This is someone that literally just became an annual member from the trial that is telling you join the trial. Okay? You’ll make it back. Again, that’s the whole point. So, trueterradinggroup.com990. You guys can go there, sign up for the trial. It’s 90 days for 90 bucks. You can use unrestricted access. You can use the whole platform. Use the holy grail trade planner. Use the active trade mode trading system. Use mer. Use the AI charts. Use the chat room, the trade alerts, the courses, all of it. Make money with it. Then tell me I’m lying. Okay? If you have any questions, I want you to text us 1888-621-2127. The phone number is at the bottom of your screen. If you need it, again, that phone number to text is 1888-621-2127.
text that number if you have any questions, any concerns, you need help with anything, whatever it is, we’re fully transparent. We are an open book. Speaking of fully transparent, we have technical documentation on all of our AI tools, okay? So, our members are able to see exactly how these things work, okay? What they are doing behind the scenes, the algorithms that are in place, right? You guys get to see all of this. We’re fully transparent. We are an open book and the results speak for themselves. You guys can see from the questions or excuse me from the responses um from my questions that our members are giving right now on this live. So again it’s trrading.com990.
Okay you guys can use all the tools yourself and then we’ll go from there. Okay with that being said what I’m going to do now is I’m going to first talk about TE. Now again I’m going to show you what a TD triangle setup looks like. I’m going to teach it to you. I’m gonna I’m gonna explain to you what are the criteria, what do you want to look for so you guys can identify this stuff going forward. Or you could just use the TTG triangle scan that we have on Mari. It’s a proprietary scan that you guys get access to when you guys um get access to the to the AI platform and it can identify these for you and then it can run the scan. It can tell you these are the stocks that have a TT triangle setup. You can go as far as to say which one do you like the best and then it will pick the best quality, highest quality one and give you the reasonings behind it and you can just go ahead and trade that one. But for those of you that just have to do it yourself, you have to know it. You just you want to learn, cool, I respect it. It’s not necessary. But let’s go ahead and I’ll show you guys exactly what this platform what this uh what this setup looks like. So, TE first, let’s talk about the catalyst behind why the stock is moving over the last several days. Okay. Um, we’ve got Leo, a fund manager who turned $20 and something million dollars into like 13 billion by being long um, SanDisk and by being long um, you know, all of the the memory names and the energy names and um, what do we have here? Michael 300. Hold on into it.
I didn’t have a position, but I’m buying in blocks now for long term. I think the market’s overreacting, disregarding cash flow.
Okay, let’s take a look.
Um, I mean, this is a horrible looking chart. Um, you know, the SAS apocalypse is the SAS apocalypse is is real. Um, some stocks and companies are going to be a lot more effective than others. I think that you had an overreaction in the cyber security names. I think you had an overreaction in Data Dog. I think you have an overreaction in Snowflake. Um, I think you had an overreaction in Cloudflare. But, you know, a couple of companies that I am worried about like a workday. Um, you know, into it is another is one that I’m I’m worried about. That support level at 350 was pretty severe. 300 is is a really important support level. Do I think it’s going to hold? I I honestly I honestly don’t know, you know, um, you know, you might be sandwiched in between 300 and 350 here, but if that 300 level breaks, you know, there’s there’s more room to the downside here. I don’t like trying to fish out the bottom of these things. I don’t like, you know, trying to, you know, catch a falling knife. And right now, that’s what into it is into it. It’s a falling knife. Um, does 300 hold? It very well may. It’s a huge support level. If you do want to buy into it, 300 is a decent spot to do it because it is such a big support level. You could have thought that at 300, that 350. 350 was a huge support level. 350 is broken. So, um, you know, I just I feel like you want to try it at 300, fine. But that would be the end of it. If it breaks 300, continues lower, I would not just continuously keep adding. I would not just continuously keep averaging down. Okay, we got to welcome Tequela. Just signed up there for the trial. So, Tequella, welcome to to the TT fam for 90 days. Enjoy it. Make let’s make some money together. Yeah, Echo Park, I’m with you. Yeah, I’m with you. 300 breaks, you know, I I don’t really see there being all that much support. You know, 250 looks like a little support level and then like that 225, 230 and then 200 and then from there it’s like 180 or so is what it looks like. I mean, we’re getting really crazy. We’re talking about, you know, getting I don’t think you get all the way down there. I think that might be a little bit excessive, but you know, I just don’t like trying to fish out bottoms and I don’t like trying to catch falling knives and and this is is a chart that I personally uh would not be stepping into. Okay, let’s get back on over to that uh TE. Okay. Um so, like I said, that that fund manager has has bought uh position here on TE in the first quarter. Uh and that’s what got this thing moving. And it’s a nice looking chart. You know, the volume has really been pouring into this. You had a nice breakout. But today, we had a very clean TT triangle setup. And I want to give a shout out again to a proprietary TT triangle scan that we have through the AI system because it really was able to help me identify this setup. I wasn’t necessarily really looking at it. Um, and then, you know, we got the alert there through the proprietary system and it’s been an absolute game. It’s been, you know, it was an absolute home run trade. This thing was an absolute thing of beauty. So, I’ll start to draw this out. Um, and I’ll start to walk you guys through this. Again, you don’t need to to focus. You could just use our our proprietary scanner to identify these setups, but I’m going to go through I’m going to show you guys how to do how to identify this the pattern. For those of you that are experienced traders, the TT triangle essentially, I just call it that, but but really what it is is a very specific variation of the the common ABCD pattern is essentially what it is. But it’s it’s that when specific criteria are met. So, what are those criteria? Let’s talk about it. When a stock breaks through the initial morning high with a strong surge in volume, you look for a low volume pullback back in to retest that prior high as well as a confluence of other support indicators, whether it’s a 9MA, a VWOP, a Fibonacci level, a prior high, whatever it is, okay? But the premise here is that you get a high volume breakout through the initial morning high or that opening range. Then you get a low volume pullback back in to retest that high with a confluence of other indicators to take the long position. Your stop loss gets set beneath the previous day’s high. Excuse me, the previous high of the day. Not the previous day’s high, the previous high of the day. Um, and then you hold on and look for extension. You look for followthrough. But you want to make sure that this setup is is occurring on a strong stock. You don’t want you don’t want to just go after these setups on a stock that’s still underneath key resistance or is weak. Obviously, TE is a strong stock. It’s got a lot of um excitement around social media and it was experiencing a technical breakout. So, if I draw a line across 950, okay, 950 was the initial morning high. So, here’s your initial morning high. Okay, there’s your initial morning high. And as I zoom out, what you will also notice is that the initial morning high also lines up with the high of the day from the last two trading from the last two out of the last three trading sessions. So this is today. Here’s Friday. Here’s Thursday. Here’s Wednesday. You can see a nice little double top there from Wednesday and Thursday showing you resistance right around 950. Well, the markets opened up today. Shot right up to 950. And then all of a sudden you broke through it. And when you broke through it, you will notice on the bottom of my screen a very nice strong surge in trading volume when you broke through that initial morning high. That strong volume surge, okay, then settled in with a nice little pullback. And what you’ll notice is during the pullback after the break of the high, the volume was decreasing. This is exactly what you want to see. And then this lower highs, this downward uh downward sloping trend line forms the TTG triangle. And you can see how the triangular pattern, right? See how the triangular pattern begins to form. Okay. Now what you do here is you look for a confluence of indicators
that will converge in the same zone as that prior high.
Okay. So here we have the previous the initial morning high. We got to welcome Robert also. Robert just joined that trial. So welcome Robert. So, here’s your prior high. Here’s your initial morning high. Here’s previous day’s highs. Broke through it. Heavy increase in volume, right? Pull back into here’s your 236 Fibonacci level. And here’s your 9 EMA. The light blue line you see on my screen is the 9 EMA. And then here, this orange line is VWOP. So if I were to draw out a little zone here, here you have this zone where the 236 Fibonacci level, your 9 EMA, your initial morning high, your intraday blue up indicator also lines up with the these two previous days highs. This is a textbook TTD triangle setup. This is exactly what I teach all of our members to look for. It’s exactly what our system, our proprietary TT triangle scanner is designed to look for. It is exactly what it identified today. And then the idea here is that you will go long on the pullback into the zone, which is what we did. We took a long entry literally right there on that red candle right in front of this support level right at 966. Okay, so we got long at 966. Okay, the low of this pullback is 962. We got in at 966 and essentially what you do is you set your stop loss then just back underneath this level. So our stop loss was set right around here. So here’s our entry. Here’s our stop loss back against your 382 fib. Okay? And the stock just gives you a beautiful extension and follow-through move. So what we ended up doing here was we took a piece of profit off on the break on the back up re to retest the high and then we took two more pieces of profit off. Okay, we took two more pieces of profit off on this extension. Okay, so here’s our long entry. Now let’s think about this for a second. I told you guys before that the riskreward that this pattern gives you is fantastic. So again, here’s our entry at 966. Here’s our stop loss. So this is right around what 9:35 9 call it 9:30. We’ll give it give it a little bit of wiggle room, right? So essentially you’re risking 35 and the stock went all the way to 1075. So when you look at riskreward, this is a setup that and a pattern that’s going to give you some really, really, really great opportunities to get into a position very close to where your stop loss would need to be. And then if you get the breakout and the follow-through, you really get an extended move. And that can give you not just a 2:1 or a 3:1. This is the type of setup that can give you 4, 51, 6:1. This is the type of trade that can make your whole month or can make your whole week in a single trade. Many of you would be happy with a six to one, right? I mean, it’s it’s that type of of of pattern. And the probability of outcome is very high. Trading is all about probability. It’s not about predicting the future, okay? There’s not a pattern, there’s not an indicator that works 100% of the time. There are patterns and indicators that when they converge form probability and our job as traders is to identify probability, play that probability over and over again with sound risk management so that the instances that the probability does not work, we lose money, but we lose a very controlled amount of money. It’s small. It’s a routine loss. But when we are right, we get the follow through. We get the extension. We make a lot more money when we’re right than we lose when we are wrong. This pattern will help you guys do that. Okay? There is no pattern out there that’s going to give you a 100% success rate. There’s no indicator that works 100% of the time. The best you can ask for is probably around 75%. 70 to 75% is probably the best that you’re going to get. That is what this pattern is going to give you along with that phenomenal riskreward. And that’s exactly what we did today on TE. Now, I’m still long this, okay? I’m looking for a little bit more of an extension. I’m looking for like 950 to now become a support zone. Again, I’m long from the 960s. We took profit off at 10 in the 1030s and we took more profit off in the 1060s and I’m still long some. So, again, that’s the TT triangle setup. I hope you guys took some notes. You can go back and rewatch the video, but that’s the criteria that you want to look for. That’s how you would go about trading it. But again, if you guys join, if you guys even join the trial, you guys can use this stuff. It’s a part of our AI ecosystem of tools. There’s a proprietary scanner that can identify these setups for you. So, you don’t have to do all this work. Um, you can go about your business and go about your life, go about your job, and then um just let the let the scanner do the work for you. Okay. Now, to do that, you guys can join the the trial membership at your training group. That’ll give you access to the platform for 90 days. Take your time, use the tools, implement them in your trading. Let’s make some money together. Go to trueradingging group.com990.
Okay? It’s $90 for 90 days. That’s our trial. Truegroup.com990. If you have any questions, you text us at 1888-621-2127.
That phone number is at the bottom of your screen. All right. So, that’s TE. So, we’re going to see if we can get TE to give us an extension here. What I’m looking for is for this zone to now become support. So, as you can see, this was resistance back in January. It was resistance last week. Now, on this clean breakout, I want to see us become I want to see this area become support and see if we can continue higher. I’ll hold on to this for a few more days. Okay. So that’s TE. That’s a TT triangle setup. Hope you guys were paying attention. Now let’s go on over to Zcaler. Zcaler had earnings. The stocks getting absolutely slaughtered. These software stocks, man, just when software was starting to bounce back, Zcaler gets its head taken off. You had an absolutely beautiful inverse head and shoulders pattern on Zcaler. We talked about this long setup two weeks ago. If you joined my live stream two Sundays ago, Zcaler long was one of our top trade ideas from two weeks ago. Uh, and that worked out beautifully from the long from the 150s. Took you all the way into the 180s. And that was off of a breakout and a retest of an inverse head and shoulders pattern. Can you see the inverse head and shoulders here? Hopefully you can. If you cannot, don’t worry about it. Our AI charting software will do that for you. If you can’t see it, here it is. There’s your left shoulder. Here’s your right shoulder. Here is your head and here is your neckline.
Okay, left shoulder, head, right shoulder, neckline. The gap up that we had early in the month of May on the 7th. That gap up broke you out of the inverse head and shoulders. It broke you out of the neckline. You then pulled back over the course of the next couple of days and that neckline converged with the 50-day moving average, which is the dark blue line. That’s the 50 SMA. And it converged with the 9 EMA, which is the light blue line you see on my screen. So now we had two major moving averages plus technical structure of the the neckline of the inverse head and shoulders converging in the mid40s to give you support. That was the long setup. And then you guys can see a beautiful follow-through and extension rally um that a lot of our members were able to capitalize on and make some money on over the course of the last two weeks. Not in position obviously going into the earnings sprint. Um we actually, you know, members were out of this trade actually just last week. Nobody was really holding on to this coming into this week, at least not that I know of. Um and then they reported their earnings. We don’t position going into earnings, guys. Okay? your own position going into going into earnings because earnings are a little bit of a coin flip and I remember I like probability. I don’t like 5050s. If I wanted 50/50 odds, I’d go to Vegas, put my money on red or black. But I want 70 75% probability and you can’t get that when you’re going into an earnings sprint. So that’s why we don’t ever really suggest holding on to holding on to earnings or positions going into earnings. Let’s talk about the earnings for Zcaler because they’re not bad. They’re really not bad and the stock’s just getting crushed. It just it seems like you know you would have had to have beat expectations by so much to get this thing moving um because software is just such a hated space right now. But um let’s talk about their earnings. Okay. Um
okay, earnings come in at 850 million. Analysts were expecting 835 million. Earnings per share come in at a$18 to a do I’m sorry expects um I’m sorry, get that back. Earnings per share came in at a$18. Analysts were expecting a dollar one. So it’s a top and bottom line beat for Zcaler. Stocks down almost 20%. For the fourth quarter, their guidance is expecting a dollar8 to A$19. Analysts expecting a$13. Revenue, they expect 875 to 878 million. Analysts expecting 879 million. So just a little bit soft on that next quarter guidance uh revenue. And when you talk about the full the full year, they’re looking at $410 to $411. Analysts expecting 402. And they see revenue of 3.33 to 3. Basically, they see 3.33 billion in revenue. Analysts were expecting 3.31 to 3.32. So, everything on their earnings report is actually a beat and raise guidance-wise except their next quarter revenue is a slight miss. But the fullear guidance is a beat. The actual earnings and the revenue from the previous quarter is a beat. Um it’s just the revenue for next quarter is a very slight miss and the stock’s getting absolutely slammed for it. Down 15 and a half% on the day. Uh it’s down more than that after hours because the stock was up on the day and you can see just getting pulverized here. It’s just because it’s software. You know people are really concerned and nervous about software and you know is this maybe foreshadowing for what’s to come for Snowflake? Snowflake reports tomorrow. Um, I actually really like Snowflake. You know, I feel like they really got unfairly beaten up during the SAS apocalypse earlier this year, but I own this thing. Um, still I own this thing from just underneath 120, like 116 and change. I got really, really, really good price on this. Um, so I would love to see this thing, you know, break through resistance around this here in the mid80s. You can see here on Snowflake, really heavy resistance here in the mid80s from February and March. Um if you break that your next resistance level will be right around 200 to 205. Okay 200 to 205. You can see previous structure here support from January and this yellow line is the 200 day. So I think if there is a gap up if you do gap up on earnings I would fade 200. Okay. I would fade 200 if there is a gap up um on earnings. Okay, I would fade it. They report earnings tomorrow. So, we’ll wait and see what happens there with Snowflake and we’ll see if there’s a trade there for us. I’m going to be watching that very closely. If this thing gets into the high 190s, I am going to be looking to fade off the 200 the $200 level and the 200 moving average. Okay. Uh, well, no. Slim Tins says, “Do you think that these earnings will affect Oh, service now.” I misread that. The dollar sign I thought was an S. Um, if you I thought you were saying snow. Um, you put in service now. Um, uh, yeah. I mean maybe, you know, maybe depending on what Snowflake comes out and says, you know, Service Now and Zcaler are a little different, but um
you know, depend we got to see. Yeah, maybe maybe if Snowflake’s earnings come out really good, maybe that can give, you know, Service Now a little bit of a boost. Heavy resistance at 110. You got to get through that. If you get through 110 and Service Now, the stock has room to the mid120s. 125 is going to be the resistance zone that I would look for. 120 to 125 on Service Now, but you have to get through 110 first. Support is 95. If you break that, you got to look out for another fall back into the mid 80s, which is your your major support is around like 83 to 85. All right, that’s service now. So, we’ll see what happens with Snowflake tomorrow. with Zcaler kind of showing you what it’s going to take because they beat on every single metric except for one and the stock got pulverized. So, as a software company right now, your earnings have to be perfect otherwise you’re getting smashed. Am I still considering Regetti long? Yes. Uh I mentioned on the live stream last night, Regetti QBTS that we were going to look for a pullback day today that we’re going to look for some type of a consolidation. I want the 23 zone to be support on Regetti. It got there today. Double like 23 and change. It got there today. Held. I want to see us consolidate here for like a couple of days. Sit here. 23 24 23 24. Perfect. Form the flag. Let that 9 EMA catch up. We can buy the the base of the flag. Look for a breakout and extension back up into the high 20s. So, I still am watching these quantum names to see if retail kind of FOMOs into these thinking that they might be the next Intel with being that the government took a stake in the companies like you saw what happened. Intel had a huge rally from there and I just feel like you might get some retail FOMO on those names. Okay, so there you guys have it, man. New alltime highs today, new alltime intraday high, new alltime closing high. Um, great day, great way to start off the week. We also, you know, had a nice trade on Bari, which was just a quick little small cap play here. Again, very similar though, TT triangle setup. You know, I mentioned to you guys earlier about the TT triangle, and here it is. I’ll just show it to you here again. So, here was your previous high, right? So, there’s your initial morning high. Okay, you broke through the initial morning high. Let me zoom over. Right, you broke through the initial morning high with at the time. Let me pan this over. which there’s your break of the initial morning high, heaviest volume of the day on the break, right? Then it halted, then we opened up and now you can see when you draw out your Fibonacci levels, okay, when we look for that confluence of indicators, you have your initial morning high lines up with your VWOP, which is the orange line, your 9 EMA, which is the teal blue line, and your 382 Fibonacci retracement level. So that gave us the setup for the TT triangle. And I went ahead and I entered right here at 130. Literally 13.0 was the entry there on BI thanks to another TT triangle. And then you can see the rest is history. Nice little breakout extension up to 18 1.5. And we just kept taking profits off on this thing. We just we were just peeling peeling profits off. Peeling profits off along the way here. So that was a really nice trade for us. So it’s a really great start to the week. Obviously, it’s a short week. So you guys what you want to make it count. Um but RAI and TE really great way to start off. Really great way to start off the week. All right. So again, those of you that are not members, you guys want to use these tools, all you need to do is go to trtrading.com990. Everything on there you get access to for 90 days. It will cost you just 90 bucks. So it comes out to just a dollar a day. There’s no automatic renewal. It’s not a subscription. There’s no commitment on it. Um, and then I’d sell I’d tell you this. Make money with our tools. Join us for 90 days. Let’s make some money together. And then we’ll talk about you becoming an annual member of True Training Group, which I’m very confident that you’re going to want to do. Why am I confident you’re going to want to do that? Because members of the training group make money. Period. That’s it. And if you don’t believe me, one more time in case you missed it. Members, type number one. If you’re making money, if you becoming better traders because of this platform, go ahead and type number one inside chat right now. Those of you that are not members, we’re about to say goodbye till tomorrow. I’m about to sign off the live. Pay attention to the people you see typing in the number one. If they can make money, so can you. There is no reason why they can and you cannot. They don’t have more time than you. They are not luckier than you. They literally once were you. Go to trtrading.com990. 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