Nice symmetrical triangle on the weekly chart. If we break up out of the triangle, my targets are $108.69, $118.64, $131.28, and finally, $147.36. If the pattern breaks down, I'd short below $90 down to the low $70's.
Had a near $2,000 bull run from March 2020 at a price of $1,600 to $3,550 in September. Huge symmetrical triangle on the weekly chart signaling another move of the same kind. If we can get a similar move, that'd put Amazon over $5,000 by around August. I'm INSANELY bullish on AMZN. I'm currently swinging options expiring in 2 weeks, but I'd like to sell to buy...
What's going on traders? Hope you all had a Happy season. Today, we are looking at Paycom Software NYSE:PAYC and it looks as if it had a nice correction in price recently. The stock was trading at a recent high of $471.08 before dropping nearly 13% to 411.13. That area also lines up with previous resistance areas which could be acting as support now. Since then...
Details on Chart. Let me know what you think. Thanks
This is basically the same setup i posted last night (early this morning) but fine tuned with an Inside Pitchfork instead of a Modified Schiff. I've also tried to math the EW targets with the fib time targets and the pitchfork targets. That is to say, i've tried to get a confluence of all 3 types of analysis and reorganized my elliot wave path to land where these...
If price bounces off support line I will buy on the expectation it will easily hit target 1:$260... If it hits resistance here, sell and take profits however, if there is a strong breakout of resistance line we could see some really nice upside. I am watching closely over the next couple days and will consider buying call options if the right opportunity presents itself.
see chart, jan 08 21 expiry looking to get long after 3 red days in a row. will update early next week
AMD is forming a symmetrical triangle that should result in a roughly ~3% move to either side. I do spot a very small divergence on RSI telling me there are better odds of this going to the upside to around $95 where it has strong resistance. If that occurs, it appears AMD is forming a HS pattern. PT $95 or $89 this week. I will be entering a $90/$95 debit...
IWM is an Exchange Traded Fund (ETF) which follows the Russell 2000 Small Cap Stock Index. I purchased call options (just regular, no spread) Strike 200 expiring Jan 2022 because I belive IWM has shown consistent bull market uptrend since November, and consistently uses the 10 Day Exponential Moving Average (EMA) as Support. IWM has shown better consistency, in my...
SPCE showing signs of a possible reversal. Gathering/consolidating support along a previous significant resistance level. Volume has typically tapered lower during downtrend which we currently see. High risk play entering right now, I'd like to see more confirmation first before entering (RSI divergence along lows or break of pinbar printed on 11/30. Heavy eyes...
SBUX has done well holding support at the 8 EMA consistently since mid November. Lower trend line still intact, price appears to be compressed into the apex of the triangle. Love the volume spikes with the spinning top on Friday. This is a tug o' war with buyers and sellers. Odds are in buyers favor due to uptrend. Options market leans to the call side as...
Tesla was heading towards the lower bound range of this channel on Friday, then snapped back up in final trading hours. I am going to look for an entry point around the $635-$655 range and buy the 740 calls in mid January.
We can see that CRM is in a good buying area as it broke under the trend lines but still stayed on the positive side of the 208 to 229 level. My levels show over 229.11 has 237.11, will then follow trend line over 248.24 levels and can push towards 260.70. I like this long, currently entered in 1/8 230c @3.60. NYSE:CRM
18.20 WAS EXACTLY THE POINT THE STOCK REBOUNDED THE LAST TIME IT COLLAPSED , hence a strong support at the 18 line I am betting it is the same story again Not an investment advise