 What's going on everybody, it's Stas here. Welcome back to another video. So in today's video I wanted to break down and share with you guys three stocks that I'm personally watching and looking to swing trade here in the month of September in 2019. I want to break down entry points, exit points, risk reward involved with the stock in terms of how much could you potentially make percentage wise, how much could you lose percentage wise and kind of just the brief technicals that I'm watching with these stocks, moving averages, support and resistance levels the whole nine yards, right? And the whole idea of this video is for you to be able to take the tricks, take the tips that I'm sharing in this video in terms of technical analysis and apply it to your own analysis, to your own stocks and ETFs, whatever you guys trade. So I also want to look at the markets very briefly, the S&P and specific to see where we're trading right now so we can get an idea of the overall trajectory of the market because that's important in my opinion when it comes to swing trading. So if you enjoy this video, if you find value in this video, feel free to go down below and hit that like button, consider subscribing if you want to see further content involving the stock market, investing and trading. This is the channel for you. So join the crew guys. So let's start this video off by looking at the SPX, the S&P 500 index. So off of a quick glance here, it's very obvious that the S&P's trading in a channel right now between 2950 and around 2990, right? That's the channel we're trading in right now about a 40 point window. And if we zoom in a bit to the five day five minute chart here, you can see that this 2990 level is extremely prominent. It's been very difficult for us to break out of this level over the past three trading days. Just take a look guys. On the 5th of September, we gapped up to 2985 and then we sold off there, failing to break out, right? The next day, we tried to retest 2985, 2990 twice and we failed to break out a second time, right? And today guys, we gapped up 2990, we got rejected, we tried to come back and retest it, got rejected again, and now we're dumping pretty aggressively heading into the latter half of the market today on the 9th of September in 2019. So this action right here, this price action, and especially since it looks like we are getting rejected again, the start of a rejection under this 180 S&P on the five day five minute chart as a resistance, you know, this price action is leading me to believe that we might be selling off here to potentially retest 2950 again as a new support. And if we just look at the RSI very briefly, it confirms that we might be selling off here in the short term because it's extremely over bought at the 67 level and remember anything above 70, anything close to 70 is becoming very over bought whether it's a future, index, stock, ETF, whatever it may be, right? So that's just the brief breakdown right now, you know, we are a bit over bought, we may be setting up right now for a sell off and hey, if we sell off to 2950, we confirm that level as a support and we continue to uptrend from there, that's going to be very good for the overall markets in terms of a bullish perspective, right? But let's say we break 2950, we start to sell off, hey, we may be retesting the 180 SMA again at 2930, maybe down to 2900, which would put us on top of that 50 SMA, and that's not going to be too good for the bullish aspect for the bullish people out there, that would be better for the bearish people, right? The bearish sentiment out there, if we were to break and start to continue to break below, moving average after moving average after support after support, right? So now that we talked about that, let's get into the three stocks that I'm personally watching, right? The first one is BAC, Bank of America, and this is one that we've talked about a lot on this channel and I'm loving the price action that I'm seeing right now on BAC. So the overall breakdown, we can see here that it's trading in a channel very similar to the SPX, but on a larger timeframe, kind of drawn out here, right? The SPX, it's very small, the channel is trading in, but BAC, it's stretched across a six month time period, and that channel is between $26.50, roughly, and around $30, right? Take a look, we've hit the support at $26.50 once, twice, three times, four times, this is the double bottom that first initially caught my attention for BAC, and then the breakout above the 50 SMA was a confirming point that it was breaking out to potentially retest the resistance, right? At the top of this channel, which is at about $30, and this is a very, very prominent resistance because we got hit there once in January of 2019, again in February, again in March, again in May, right? Again in July, this is just a level that we've gotten rejected at multiple times in the past. So now we're seeing the double bottom, which is a very good bullish sign. The breakout above the 50 SMA, this is actually where I entered BAC about two weeks ago, and I actually took an initial loss because at that time period, the markets were turning red. BAC broke a technical spot that I was looking at on the five day five minutes, so my plan called for me to cut losses at that point, and I did, right? But in hindsight now, if I didn't cut losses, I'd be up like three, four, five, maybe even six, not probably not 6%, more like three, four percent on my position, but that's okay, right? I took the little loss, but you can't really predict the future 100%, which is why in that moment, right, it's better to just take the loss, cut your losses, and look for a reentry, which is what I'm doing right now, right? And BAC, now that we've broken above that 50 SMA, we've pulled down, we've held it as a support, we've broken out of the 2765 level of resistance from the 30th of August, and we've actually pulled down and retested that resistance as a new support, and we've broken out of the 180 SMA. These are signs that are very, very bullish, right? Just take a look at this guy. This is a textbook pattern right here on the 20 day one hour. Take a look, we broke out of the moving averages, we pulled down, held them as supports, we broke out of the previous resistance on the 30th. We literally pulled down, we held that old resistance as a new support, as well as that 50 SMA, and we gapped up today, breaking that previous resistance high or high, right, 2870. Now is where I'm going to be looking for an entry point on BAC. Now I want to potentially get a pullback here and a retest at 2820. So right now that's my entry point target on BAC. 2820, that'll bring the R side down a bit to a healthier point. That'll bring us down to 2820, right? And from there, we may be trending under this 180 SMA, or at that point actually we may be pulling down to retest this 180 SMA on the four hour chart as a support, right? That's very key because if we break below it and start to get back down to the high 27s, that's not going to be too attractive at least on the short term here. We ideally want to see it hold this level, retest it, and then slowly start to climb up. So initially here, my exit point is going to be anywhere between 2960 and $30 per share. 2960, if we start to get up to this level here, upwards to 2950, 2960, I may start shaving off my profits there with an ultimate sell target at $30. So from 2820 upwards to 2960, that's about a 5% profit margin upwards to $30. That's close to a 6%, right? And if we want to cut losses here, we also have to have a strategy for that. Where are we going? 2%, 3% are we going to have a mental stop loss on it? What are we doing? Me personally, I'm going to have a 2% stop loss on this one, maybe even a 1.5%. And if we get in at 2820, like the goal entry point here, this is going to be set probably at around 2770 to around 2775. And if my math is correct, that should be roughly a 1.5% to 2% stop loss and it is, right? It's roughly a 2%. And I'd probably set it at around 2775 to give it some wiggle room, right? Because if you think about it, overall, if we did pull down to 2790, let's say for example, overall, we're still trending up because extending this trend line shows you exactly that, right? If we pull down, say that we did one of these, isn't that technically a higher low from the previous? So at this point, we could end up pulling back and popping. So I kind of want to have my stop loss a bit below this level to give it some wiggle room if we were to pull down here, right? This is hypothetical, right? So these are some things that are going through my mind right now, probably maybe even a bit lower than 2760 stop loss, just in case it does pull down even lower to retest to potentially pop, right? It's sometimes all about giving it some wiggle room, but I'm sure you guys understand what I mean by that and where I'm going with it. So BAC, I'm liking it right now. I just need to see a bit of a pullback here and a retest either at 2820, maybe we break 2820 and then we may be going down to 2783. And this is another entry point, right? And from there, I'd probably set my stop loss 2%, 1.5% below that, which would probably put it right above that 50SMA. So that's kind of what's going through my head right now, entry points, exit points, supports, resistances that I'm looking at for BAC. So the second one I want to talk about is a bit easier to break down and that is Visa, guys. So Visa, it broke down here today from 187 all the way down to 180. And why am I saying it's a bit easier? Because overall the trend on Visa right now, unlike BAC, which is a horizontal trend, this is a different type of pattern. Visa is an uptrend. It's a straight up uptrend pattern over the past six months on this 184 hour chart. And 180 means 180 days, which is six months, right? Which is why I call it the six month chart. We hit a low at 120. Now we just hit a high at 187. Literally the whole time we've been riding the moving averages, the 180SMA, the 50SMA. We've had the bullish cross of the 50SMA above the 180SMA. And it seems like every time we've retraced in the stock, every time we've pulled down, we've held either the 180SMA or the 50SMA as a support. And what do you notice here, guys? This is opening up a crazy entry point if we do end up holding these moving averages, which historically, again, we've held them over the past six months. We've dropped from 187 down to 180. And 180 here does seem like it's breaking a bit below this 50SMA here on this four hour chart, which is not too good of a sign because ideally here we would want to see it hold this, but I still need to give it some time into tomorrow most likely to see what it ends up opening at. Ideally, if it gapped up tomorrow, that would be a point to enter. But now that we are breaking the 50SMA, we may be going down to test this 180SMA. And if we were to break that to the downside, at least in the short term, that's not going to be too attractive. Ideally, I would want to see a hold above both of these. Another thing I want to point out here is that I'm noticing a bullish cross. The 50SMA crossed above the 180SMA on the 29th to the 30th of August. And since then, guys, just take a look at these crossovers. They're very important, right? Since then, Visa went from 177 up to 187. So if you played this as a moving average play, moving average crossover play, you would have made some pretty good money, right? Now that we are still trending above in terms of the 50SMA above the 180SMA, that's still giving me bullish sentiment in this stock overall, just judging on these moving averages. And I don't know if I mentioned this a minute ago, because sometimes I forget what I say 30 seconds ago when I'm recording these videos, but the RSI is actually oversold right now. It's dumped down a bit to 39. So this is just opening up an opportunity, right? The whole entire idea, guys, of swing trading, day trading, whatever kind of trading you're into is not to force the opportunities. Don't just pick a stock on your watch list. Don't just drag over Walmart, whatever it may be, and just buy it wherever it's at just because you're impulsive and you want to trade, right? The whole entire idea is to wait for those openings, right? Literally wait for the opportunity and then pounce on it. So Visa right now, this is one that if you were patient a couple of days ago, this is the opportunity that you're like, okay, here's my window, I should pounce at it, I should get into this before the window closes, and oops, there goes the mic, and then that would end up being good if it all ends up playing out, right? And by the way, guys, don't just buy these because I'm saying these on the video, don't just trade them because I'm trading them most likely in this next coming week. Do your own research, guys, it's very, very important. But overall, back to that opportunity thing, just hop in when you're seeing opportunities. Don't force anything because that's how you lose money, guys, when you're forcing stocks, forcing ETFs, buying them at random times or times when there's not much value there, that's just bad, right? But for me right now, Visa's looking good. Ideally, if we just break it down on a smaller timeframe chart here, ideally, an entry point would be if we held this 180SMA support on this hourly chart, an entry point I'm looking at would probably be initially, if you want to jump the gun a bit here on Visa, let me just zoom in on this or just rather draw a tool here for you guys. Ideally, it would be if we broke 181, right? Notice how 181 was a resistance back towards the middle, towards the end of August right around here. And it was also a resistance towards the end of August on the 30th of August as well, right? And we broke out of that hitting the high at 187. Now we pulled down, we actually broke that 181 support. And now it's a resistance again. So ideally, if we pop and break 181, that's going to be a confirmation that we're popping on the 180SMA support as well. This could be an initial entry point that I'm looking at. So 181, 181, I'd initially add money. And then the next point in time that I would add money would be 182.50, right? That's the next resistance I'm seeing here. And my philosophy of swing trading, guys, and you can look this up on YouTube, you can type in stock surface, swing trading, how to conserve capital. My philosophy is scaling into positions, right? Scaling into positions with 10, 20% of my goal position at first. So this way, I can mitigate my risk, because let's say I scaled in with 20% here, and then visa tanked, I'm only losing money on that 20% stake, right? But let's say we popped up, I put 100% in whatever that value, a dollar value may be, and then it tanked, I'm losing a lot more money, right? You guys get what I'm saying here, larger value up front, you're going to lose more money if it drops. What's the word? Compared to if you only put a smaller amount at first, right? So that's the idea here, visa entry point, 181.20, 182.50 exit, probably around the resistance at around 186, 187, giving it a rough profit margin potential of, let's see, my guess is going to be around 3%, 4%. Let's see how good my eye is at predicting or rather guessing this. And it is 3%, right? 3% up to that resistance. And of course, if we just continue the uptrend, if we continue hitting those highs, it could be even more than that. So visa, I'm liking that one a lot here, guys. And onto the third one, which is at V, ticker symbol ATVI, which is actually, in my opinion, one of the trickier ones, probably the trickiest ones out of these three, because as of now, ATVI is in the middle of this channel that is trading in between $52 and around $56, kind of putting it in a weird spot, right? We're in the middle of this channel, so there's a lot of downside, but there's also potential for it to pop up. The RSI is also overbought here. It's at about 66. We are seeing a pretty nice pattern on this RSI. We are seeing higher lows, higher highs on the RSI, which is pretty good, which means this could be tuning up for a pop to break above 56. That is possible here. But personally, guys, I would love to see an entry point. I don't know if we'll get this because it's asking for a lot, but an entry point down at $52. We probably won't get it, guys, because it's already up 5% from there, but ideally, an entry point at 52 would be beautiful, right? That would put us on top of this 180SMA or even 53 bucks, right? Anything, you know, 53.50, that would be nice because that would be putting us more towards the support of this channel. And from there, if it continues this breakout that it's currently on, we could end up filling up to 56 easily like we did a couple of days ago, giving us, you know, from 53 up to 56, roughly a 6% margin of profit. That's awesome, right? And overall, guys, video game stocks, I've mentioned this a bunch. Advi included, they've been getting crushed, right? Advi's gone from 85 down to 40. We got a couple of bottoms there on that support at 40. And then we've started to climb out of resistance after resistance since then, really reversing the trend here, which is why I'm looking at it as a longer term swing trade here, right? I'm just loving it. You know, overall, we've broken out of moving average resistances. We broke out of the 47 resistance. We filled up all the way to the $52 resistance. We pretty much filled all the way up to 56. And now we're pulling back. So again, guys, ideally 53 would be a good entry point. I don't know if we'll get it, but if we break 56, you know, 56 can also be a good entry point to potentially fill the gap back up to $62, which is a huge move of around 10, 11%. But again, I like 53. I would like to get in here. And from 53 up to 56, that's about a 6% margin of profit. You have a 2% stop loss on that. That's pretty good, right? That's where I'd personally put my stop loss. And I'll show you guys even more on this 20 day one hour chart. And this is actually important to point out as well. On this hourly chart, we are seeing a hold on this 50 SMA. So if we actually pop above this 50 SMA, this is a clear sign that we're going straight to 56. And this could be even an intraday play opportunity before the swing trade, which in my opinion, I would get in if it were to pop here, break 56, I'd wait for a pullback and a retest on 56 before getting in and potentially ride it back up to those 60s. So that's what I'm looking at here on ATV, guys. I'm really liking it overall, just being patient and waiting for that opportunity to open up to me. So those are the three stocks. If you enjoy this video, if you found value in this video, let me know down below in the comments what you think about it. Hit that like button to support the channel and consider subscribing if you want to see further stock breakdowns, further content on the stock market in general, news, trading, investing, tips, my journey, what I'm doing in the markets. This is the channel for you guys. So I'll catch you all in the next video. I appreciate you all watching. Peace out.