Opened Bull Risk Reversals on ELY , chart looks bullish in my opinion. I sold the $20 put and bought the $30 call JAN opex MACD cross, RSI curl, EMA curl , back above the 22 resistance/support line with good buy volume. I like the R/R here on the long side, another idea would be to open bullish put credit spreads or go long naked calls. Give it some time I...
Started a LEAPS position with JAN 2024 25c on Callaway Golf. Technically at good support (which was previously resistance), and appears to have bottomed. Will add upon breakout of dotted down trendline. More conservative idea would be to wait for breakout and confirmation, hence why I only purchased a few contracts, and this is a long term idea. Keep an...
Am I doing this right? I see a double bottom form where the pink box is. The neckline to the double bottom gets tested a few times. Cloned the left diagonal trendline and moved over to the right. Support at $32.25-$33. Downtrend started on 6/1 Uptrend started on 7/19 Earnings call on 8/6 Timing seems right for a long entry. Should I go into more detail in...
Franco-Nevada (FNV) is the largest company within the Royalty market. April 2021, TORONTO, April 19, 2021 /PRNewswire/ - Franco-Nevada has acquired 14.7% of Vale's outstanding Participating Debentures ("Royalty Debentures") from the Brazilian Development Bank ("BNDES") and the Government of Brazil for $538M. The Royalty Debentures provide holders with life of...
Extract from a report on Seeking Alpha: Out of the 20 followed companies, 16 experienced a share price growth in April. The best result, a 40.85% growth, was recorded by ELY Gold Royalties (OTCQX:ELYGF). The majority of its growth was recorded after April 23; however, the catalyst is hard to identify, as there was no company-specific news and also the gold price...
I'm tired of writing why i think a stock will do that. That this one is the best royalties company of tomorrow, it does not matter to you anyway. So from now ill simply put a BIG ARROW. (Call me the ARROW guy) Have fun my beautiful frds!!
NYSE:ELY Possible Scenario: SHORT Evidence: Overbought RSI + Momentum falling This is my idea and could be wrong 100%.
Looks like a great breakout so far. Slight pull back but seems price formed new support. RSI seems a bit overbought but MACD is looking promising. Low volume is a concern too. Any thoughts? I want out at 20$. The white arrow indicates my entry point. Looking back, it was probably a poor entry and I may have gotten lucky. Should have waited until price touched support.
Although this is the first chart I have published, I do think I am picking it up easily. I can't decide whether ELY is in a channel or just broke out of a flag. What are your thoughts? What tools do you use to confirm a breakout?
Wait to buy that new set of Callaway stocks you've been wanting. they will be discounted pretty soon. There is a price gap near strong support. Buy low sell high. I'm not in right now because, besides all the great balance and income numbers, the company's debt nearly tripled YoY. still, I love Golf and Callaway is leading the pack in many regards.
Market retreats to 20 period EMA after making new highs (for long positions)/lows (for shorts) with ADX (14period) >30. Some people use the 20 period SMA . Projection is a retest of the highs. Trailing stop. ***Failed grails tend to move (painfully) in the opposite direction. Setup invalid below daily EMA (19.82)