Christian Tharp, CMT, Author at WealthPop

Why You Need To Add This Oil Giant To Your Watchlist

July 21, 2023Christian Tharp, CMT

As oil prices attempt to make a move higher, one name to watch as the stock moves off a big support level is Chevron (CVX). If price can reclaim that 160 mark, the stock should have a pretty clear path to 165. For this stock to really get going, we would need to see real...

As Another Healthcare Stock Crosses Our Radar⎯Will It Rip Or Dip?

July 20, 2023Christian Tharp, CMT

Our last trade was a bearish call on a healthcare stock, which is a great lead in to our trade idea for today, Thursday, July 20, 2023. UnitedHealth Group (UNH), recently made a massive move on the back of an earnings report that Wall Street seemed to really like. After the report was announced, the...

Why This Healthcare Giant Looks Ready For A Nosedive

July 19, 2023Christian Tharp, CMT

In a market that seemingly won’t be stopped on its way higher, we managed to find a bearish play. Illumina (ILMN) has been bouncing along a support level of around 180 for quite some time before breaking below it very briefly. This trade is another very straight forward one. If price was to break below this...

1 Tech Stock That Looks Ready To Rally⏤If The Market Can Pick Back Up

July 18, 2023Christian Tharp, CMT

Today our stock in focus is Lam Research Corp. (LRCX), which looks like it wants to move higher. If we could get a slight pullback to the 650, then this could set us up for the best risk/reward on the trade. The market has a somewhat sluggish start to the morning, however, SPY was able...

What The Shooting Star Formation On Amazon (AMZN) Means To Traders

July 17, 2023Christian Tharp, CMT

While the market may still be in an uptrend and look quite bullish, there is still room for the occasional pullback. For Amazon (AMZN), this area for a pullback may be imminent. Currently, if you look at the daily chart on AMZN, you see two signs that a pullback may be close to taking place....

One Of Our Favorite Setups Is Happening On Roblox (RBLX)⏤Don’t Miss Out

July 14, 2023Christian Tharp, CMT

The last time we discussed a trade on Roblox (RBLX), we broke down exactly what support resistance are and how to use them in order to make a higher probability trade. Now, we have the opportunity to take what we have learned and apply it to the very same stock, let’s take a look. The...

A Step-By-Step Breakdown Of How To Trade Roku (ROKU)

July 13, 2023Christian Tharp, CMT

After a bullish day in the market yesterday, the next trade on our watch looks very promising. Roku (ROKU) has just broken above a key level and is currently holding just above the 75 level resistance. This is setting us up with another textbook bullish play. Does that mean we just haul off and buy...

Why This Chip Maker Looks Ready To Skyrocket

July 12, 2023Christian Tharp, CMT

Depending on how you like the market in light of the surge that took place after CPI came in at 3% vs the expected 3.1%, our latest trade idea on Micron (MU) could be setting up to be a big winner. After climbing from the upper 40s to now well into the 60s, MU may have...

Why MicroStrategy (MSTR) Is Setting Up For A Bullish Move

July 11, 2023Christian Tharp, CMT

As I often tell my students, levels or support and resistances are made to be broken. Which may be the case for MicroStrategy (MSTR) as it approaches an upper channel resistance level on the daily timeframe. As you see by the channel I have drawn out on my ToS screen in the video below, MSTR has...

Will Apple (AAPL) Hold Or Fold At This Key Level?

July 10, 2023Christian Tharp, CMT

Hands down, one of the strongest stocks in the market right now is Apple (AAPL). After the stock’s meteoric rise, the value of the company has reached $3 trillion dollars in a first for any company in the world. However, will this momentum continue or will the stock give back some of those gains from...

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