Strong relative strength in a sector that's got strong relative strength, primed for a bullish breakout to the upside. Targets $300 resistance level which is the 52-week high. Use options to play bullish breakouts to leverage your trade while limiting your risk. Example: Apr 20 270/300 Call Vertical
Intel is a stock with strong relative strength in Tech sector that has strong relative strength. This is a good combination for a bullish breakout to continue higher. Use options to play breakouts with limited risk. Example: Apr 20 50/57.5 Call Vertical @ $248
After rallying 25% from mid Nov, BAC has been consolidating in a bullish triangle, which is healthy after a long rally. BAC is a strong stock in a strong sector AMEX:XLF which suggests a possible breakout higher as interest rates push higher. The best way to play breakouts is using options to limit your risk. Example: BAC Apr 20 32/35 Call Vertical @ $104
Upcoming events later this month- Lobbying with Aviation Authorities ; Token integeration ; Pilot and company App public launch. The price action has entered the maturity phase of consolidation with price unable to breach the support(neon green) level. A bit...
Once resistance is broken, I believe we test the gap at $5. If we break $5 resistance, then up to $6.50
Hello Traders, We recently just got the completion of a bearish Cypher pattern within the consolidation range, which is in the form of a descending triangle. We are getting a better price on the Cypher pattern with reduced risk, which is always good. So the Cypher pattern short trade setup is active now. Also notice that we just got a strong bullish breakout...
ZIOP has completed an alternate bat pattern. The pattern completion is confluent with a .886 fib level on a higher TF structure low to structure high. A trendline was broken and retested on 12/22, indication of possible upcoming bullish movement at the PRZ. A second trendline was broken today, which may be an opportunity to catch the breakout toward .382CD. ...
Hello Traders, We've been getting several flag patterns lately, mostly in Aussie pairs where the base currency is Aussie. So here we have another valid bullish flag pattern on FX:AUDJPY , where we just got a huge breakout to the upside. This type of breakout was mostly due to the 2 high impact news events that came out yesterday (Nov.11.2015) @ 7:30 pm from...