{"id":57224,"date":"2024-09-29T07:56:16","date_gmt":"2024-09-29T11:56:16","guid":{"rendered":"https:\/\/www.smbtraining.com\/blog\/?p=57224"},"modified":"2024-12-11T16:46:20","modified_gmt":"2024-12-11T21:46:20","slug":"the-weekly-trade-plan-top-stock-ideas-in-depth-execution-strategy-week-of-september-30-2024","status":"publish","type":"post","link":"https:\/\/www.smbtraining.com\/blog\/the-weekly-trade-plan-top-stock-ideas-in-depth-execution-strategy-week-of-september-30-2024","title":{"rendered":"The Weekly Trade Plan: Top Stock Ideas &#038; In-Depth Execution Strategy \u2013 Week of September 30, 2024"},"content":{"rendered":"<h2><span style=\"font-weight: 400;\">Traders,<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">In this update, I will share several of my top ideas for the upcoming week, as I did last week.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As an exercise, I urge you to review last week\u2019s action and my pre-determined plans shared in the watchlist to study the action and setups and better understand my thought process and why several names from the watchlist experienced the follow-through they did. I do this live once a week, in detail, with members in <a href=\"https:\/\/insideaccess.info\/index3.php\">Inside Access<\/a>.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Now, stick around as I share the \u2018why\u2019 behind the potential trades for the upcoming week and my ideal entry and exit scenarios and targets.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">So, let\u2019s get right into it.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Follow-Through in MU<\/span><\/h2>\n<p><span style=\"font-weight: 400;\"><strong>The Idea<\/strong>: After a powerful earnings gap, shares of Micron have pulled back steadily toward its rising 200-day SMA. Within the pullback, a potential downtrend flag resistance develops as volume decreases, creating an opportunity for a second-leg price and volume breakout. Ideally, this continues to pull back and experience further consolidation for a day or two, closer to its 200-day SMA, before experiencing leg two higher.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-57228\" src=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/MU-1.png\" alt=\"\" width=\"832\" height=\"443\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/MU-1.png 2048w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/MU-1-300x160.png 300w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/MU-1-1024x545.png 1024w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/MU-1-768x409.png 768w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/MU-1-1536x817.png 1536w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/MU-1-610x325.png 610w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/MU-1-100x53.png 100w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/MU-1-846x450.png 846w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/MU-1-1184x630.png 1184w\" sizes=\"auto, (max-width: 832px) 100vw, 832px\" \/><\/span><\/p>\n<p>*<i>Please note that the prices and other statistics on this page are hypothetical, and do not reflect the impact, if any, of certain market factors such as liquidity, slippage and commissions.<\/i><\/p>\n<p><span style=\"font-weight: 400;\"><strong>The Plan<\/strong>: I&#8217;m monitoring price and volume with two potential entry scenarios in mind. First, a wash\/pullback toward its rising 200-day SMA and VWAP reclaim, along with price back in the range over $107, would be enough to get me long for a multi-day swing trade with a stop at the LOD.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Secondly, A break and hold above $108 with elevated RVOL and relative strength at the beginning of the week. If MU bases above $108, with favorable market internals and relative strength, I\u2019ll initiate a long versus the previous higher low on the 5-min, as I wouldn&#8217;t want to see the stock enter the low-end of the range once entered. 1 ATR target for profit target 1, $112 &#8211; $113\/ 100-day SMA. After that, trailing with higher lows on the 5-minute timeframe and using my exit strategy discussed in <a href=\"https:\/\/insideaccess.info\/index3.php\">Inside Access<\/a> weekly.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Higher-Low Breakout in MSFT<\/span><\/h2>\n<p><span style=\"font-weight: 400;\"><strong>The Idea<\/strong>: Measured pullback, higher-low developing on the daily in MSFT, near converging SMAs. Targeting a hold above the 5-day, near the flag\u2019s resistance, and trend change. It most likely needs several days to develop and conform to the setup.<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-57227\" src=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/msft.png\" alt=\"\" width=\"838\" height=\"450\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/msft.png 2048w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/msft-300x161.png 300w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/msft-1024x550.png 1024w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/msft-768x412.png 768w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/msft-1536x825.png 1536w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/msft-610x327.png 610w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/msft-100x54.png 100w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/msft-846x454.png 846w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/msft-1184x636.png 1184w\" sizes=\"auto, (max-width: 838px) 100vw, 838px\" \/><\/span><\/p>\n<p>*<i>Please note that the prices and other statistics on this page are hypothetical, and do not reflect the impact, if any, of certain market factors such as liquidity, slippage and commissions.<\/i><\/p>\n<p><span style=\"font-weight: 400;\"><strong>The Plan<\/strong>: Patiently monitor MSFT as the setup develops further. I will also look for clues about the stock, ideally becoming a relative strength player in the short term after underperforming in recent weeks. Suppose MSFT breaks above the low $430s and begins to intraday trend with solid internals. In that case, I will initiate a long swing versus the day low, with the $440 zone as the target one for profit, and after that trail my stop using higher highs and higher low strategy for trail and profit taking.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Consolidation Breakout in PCG<\/span><\/h2>\n<p><span style=\"font-weight: 400;\"><strong>The Idea and Plan<\/strong>: Contracting range and volume in PCG as the consolidation builds near its 52-week high. This is a straightforward setup, looking for volume and price burst above $20 to confirm a breakout. <\/span><\/p>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-57229\" src=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/pcg.png\" alt=\"\" width=\"837\" height=\"448\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/pcg.png 2048w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/pcg-300x161.png 300w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/pcg-1024x548.png 1024w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/pcg-768x411.png 768w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/pcg-1536x823.png 1536w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/pcg-610x327.png 610w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/pcg-100x54.png 100w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/pcg-846x453.png 846w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/pcg-1184x634.png 1184w\" sizes=\"auto, (max-width: 837px) 100vw, 837px\" \/><\/span><\/p>\n<p>*<i>Please note that the prices and other statistics on this page are hypothetical, and do not reflect the impact, if any, of certain market factors such as liquidity, slippage and commissions.<\/i><\/p>\n<p><span style=\"font-weight: 400;\">I would look to enter long above $20 after volume and price confirm a breakout, with a stop below the previous higher low on the 5-min. Thereafter, I will target a move to the 52-week high as my main target, with a trail left on to let the position ride.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Pullback in China Names (BABA \/ FXI \/ PDD, etc.)<\/span><\/h2>\n<p><span style=\"font-weight: 400;\"><strong>The Plan and Idea<\/strong>: Bigger picture; I am looking for a significant pullback and consolidation to enter long. However, in the near term, several Chinese names will be in overbought territory and susceptible to a pullback. <\/span><\/p>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-57225\" src=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/BABA-1024x547.png\" alt=\"\" width=\"835\" height=\"446\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/BABA-1024x547.png 1024w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/BABA-300x160.png 300w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/BABA-768x410.png 768w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/BABA-1536x820.png 1536w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/BABA.png 2048w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/BABA-610x326.png 610w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/BABA-100x53.png 100w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/BABA-846x452.png 846w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/BABA-1184x632.png 1184w\" sizes=\"auto, (max-width: 835px) 100vw, 835px\" \/><\/span><\/p>\n<p>*<i>Please note that the prices and other statistics on this page are hypothetical, and do not reflect the impact, if any, of certain market factors such as liquidity, slippage and commissions.<\/i><\/p>\n<p><span style=\"font-weight: 400;\">Therefore, with more of an intraday mindset, I am looking for either a push and fail in BABA, for example, above Friday\u2019s high, or a 2-day VWAP to act as resistance and fail for short versus the HOD, targeting an intraday move back toward Day 1 and Thursday\u2019s support near $102.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Consolidation Breakout in LUNR<\/span><\/h2>\n<p><span style=\"font-weight: 400;\"><strong>The Idea and Plan<\/strong>: Bearish sentiment remains firm, with an elevated short interest. The stock has held up well after providing a solid short opportunity last week, as mentioned in the watchlist. This action has setup a potential liquidity trap and short squeeze above recent highs.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-57226\" src=\"https:\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/LNUR.png\" alt=\"\" width=\"838\" height=\"444\" srcset=\"\/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/LNUR.png 2048w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/LNUR-300x159.png 300w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/LNUR-1024x542.png 1024w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/LNUR-768x407.png 768w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/LNUR-1536x813.png 1536w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/LNUR-610x323.png 610w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/LNUR-100x53.png 100w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/LNUR-846x448.png 846w, \/\/www.smbtraining.com\/blog\/wp-content\/uploads\/2024\/09\/LNUR-1184x627.png 1184w\" sizes=\"auto, (max-width: 838px) 100vw, 838px\" \/><\/span><\/p>\n<p>*<i>Please note that the prices and other statistics on this page are hypothetical, and do not reflect the impact, if any, of certain market factors such as liquidity, slippage and commissions.<\/i><\/p>\n<p><span style=\"font-weight: 400;\">Keeping it simple, I&#8217;m looking for the price to base above $9 previous resistance and build. I would look for a starter position above $9 after a consolidation period, with a stop below the key area. I&#8217;m targeting follow-through above and an add, $9.5, for a breakout andsqueeze out over the highs.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Small-Cap Stocks on Watch<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">For both names below, I would not look to short if they consolidate near highs for multiple days, as this could setup a potential liquidity trap and squeeze higher.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>CNEY<\/strong>: Targteting a push toward $1.10 and fail for a short.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\"><strong>DUO<\/strong>: Targeting a push toward $1.4 &#8211; $1.5 and immediate stuff for a short versus the HOD and move back sub $1.<\/span><\/p>\n<p><a href=\"https:\/\/smbcapital.lpages.co\/smb-swing-trade-evaluation-template\/\">Get the SMB Swing Trading Evaluation Template Here!<\/a><\/p>\n<p><strong><a href=\"https:\/\/smbtraining.com\/blog\/smb-disclosures?_gl=1*v9kmsl*_ga*NjU4MzY5OS4xNjkwMDI4MDQ0*_ga_EQH1PLHMKM*MTcwMzQzNzIwMi44NS4xLjE3MDM0MzcyMzYuMjYuMC4w\">Important Disclosures<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Traders, In this update, I will share several of my top ideas for the upcoming week, as I did last week.\u00a0 As an exercise, I urge you to review last week\u2019s action and my pre-determined plans shared in the watchlist to study the action and setups and better understand my thought process and why several names from the watchlist experienced &#8230; <a href=\"https:\/\/www.smbtraining.com\/blog\/the-weekly-trade-plan-top-stock-ideas-in-depth-execution-strategy-week-of-september-30-2024\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2154,"featured_media":57229,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5633],"tags":[],"class_list":["post-57224","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ryan-watchlist"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.1.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The Weekly Trade Plan: Top Stock Ideas &amp; In-Depth Execution Strategy \u2013 Week of September 30, 2024 | SMB Training<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.smbtraining.com\/blog\/the-weekly-trade-plan-top-stock-ideas-in-depth-execution-strategy-week-of-september-30-2024\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Weekly Trade Plan: Top Stock Ideas &amp; In-Depth Execution Strategy \u2013 Week of September 30, 2024 | SMB Training\" \/>\n<meta property=\"og:description\" content=\"Traders, In this update, I will share several of my top ideas for the upcoming week, as I did last week.\u00a0 As an exercise, I urge you to review last week\u2019s action and my pre-determined plans shared in the watchlist to study the action and setups and better understand my thought process and why several names from the watchlist experienced ... 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