NateTrades Newsletter 1/27 - 1/31

Come prepare with us as we head into the new trading week!

January 29, 2025

NateTrades Live Events

An event is still yet to be decided for Wednesday!

Earnings Calendar

Table 1: Earnings Calendar provided by earningswhispers.com

Economic Events

Table 2: Economic Events information provided by MarketWatch.com

Technical Analysis

$DDOG - 4 Hour Frame

Datadog looks ready to squeeze and breakout this week, I’m leaning towards a breakout on the bearish side we prepare to break this strong wedge support and continue the bearish trend. If this is done than we will see a price target of $137.11 - $134.80.

It is possible we see a strong trend reversal and breakout to the wedge resistance above $142.80 to target $145.97 - $149.27. Both sides are great to keep an eye on as they will both lead to strong profitable moves.

$AMD - 4 Hour Frame

AMD has been in a bearish trend for many months now, almost breaking out early this month but failing with strong selling pressure. I want to keep an eye out this week as we prepare to breakout of the wedge resistance, this breakout can lead to a price target of $126.81 (the 38.20% retracement) to the $130.18 (50% retracement) the previous high is at $131.77 which will see strong rejections.

Keep in mind there is currently bearish news circulating the semiconductor sector as deepseek shocks investors with their advancements. This chart is more of a an idea to watch before the earnings report in early February.

$COIN - 4 Hour Frame

Rising wedge on Coinbase, looks ready to completely melt and head to $273.79 especially as Bitcoin continues to sell off in the weekend. Ideally this trade may gap down before the market opens tomorrow the setup should still be valid till $284 for an entry. I would like to see Coinbase hit $247.68 by the end of February.

$SHOP - 1 Week Frame

Bull Flag on the weekly frame, looks great above $110.64 to target $115 - $118.39+ just keep in mind that in the hourly there is a bullish channel being formed and I have a feeling it will see a breakdown in the short term. It is possible it may continue if it does than we’ll follow the bullish channel closely on the way up.

Hope you all have a great trading week! Feel free to share the watchlist newsletter watchlist! See you all again next week.