foreigner251

foreigner251 Updated 

I have been bearish on Grubhub for a while, but Amazon's recent exit from their competitive market seemed too good to pass up. Purchased one 7/5 call spread $69.50/$80 for $3.05 just to take a chance on it. So far it's up at 4.38, and it peaked today at about 5.00. Hoping for 100% out of it if this little boost continues, but my stop is wide on this one at...

foreigner251 Updated 

Allow me to list 4: 1. When you look at the1 day/ 1 year chart, you just expect that the next words the market will sing are “...knees and toes” to follow the immense head and shoulders pattern now looming on the market. Yesterday, we had a confirmation of that head and shoulders as the price action fell through the neck line 2. This past week, in the last...

foreigner251 Updated 

It appears the market is in a symmetric triangle pattern and will soon show itself bullish or bearish. Given the current market sentiment with the trade war calming and Trump's too-perfectly timed postponement of auto tariffs as the S&P was on the verge of tanking through supports (**COUGH* market manipulation *COUGH**), I am going to go against my bearish gut...

foreigner251 Updated 

Despite potentially bullish fundamentals. technical analysis on GS seems very bearish to me with not only a long-term bearish head and shoulders patter, but also a short-term forming bearish head and shoulders on the right shoulder. The smaller bearish pattern on the larger trend shoulder seems to potentially do 2 things for long-term movement: First, I think it...

foreigner251 Updated 

To keep this short, EA has broken through its downtrend line. MACD is pointing up, but looks a little rich on the 1 hour chart, so there might be a nice pullback at the start of the week. I closed my open long position Friday for this potential pullback, but I will be long when it either pulls back and bounces or if it keeps running. NOTE: I will not hold this...

foreigner251 Updated 

Although Red Hat's recent earnings reports weren't so hot for investors, the technical analysis points to RHT being a value buy with great potential. The consolidation of this stock since its earning selloff is consistently reaffirming the resistance level around 134, and its closing in should force it at least some to the upside soon. In the short term, the...

foreigner251 Updated 

I was wrong. It wasn't a triangle, it was a channel that AMZN was pulling back through. As shown, it broke through today and seems to have high potential of easily pushing through other resistance lines to the $2040 resistance. Beyond that, it is hard to tell, but it seems to meet resistance/support levels every $20 to $25 or so, so keep that in mind as it rises...

foreigner251 Updated 

Early August proved that all good things can come to an end including the extremely consistent and profitable channel RTRX followed for 6 months. However, recent trends in RTRX may indicate that the original trend channel that ran so consistently might have merely shifted with its August dip. The angle is a complete guess at this point until a second channel...

foreigner251 Updated 

I have no clue on which direction Amazon will ultimately break out, but if the bottom line of my triangle is correct and it is still consolidating, then it can't be much longer before an upside or downside breakout is inevitable. In the case of a bearish breakout, I think the next major support it will hit is at $1860 and then possibly the $1760. An upside...