HOG was our presidential pick. It declined nicely from our entry of $62.13 and now in profit taking zone. Now we are looking for a second opportunity here if it break below the upward channel. And we think it can go all the way down to $40 area. To play this we would consider $55 May-17 puts, currently trading for $2.90/3.10 * Trade Criteria * Date first...
Ain't much decent premium out there ... . HOG announces in 2 days, but I'm really just doing this as a longer-term premium selling play (hence, the Sept expiry), since there isn't jack diddly in the market of late. Metrics: Probability of Profit: 72% Max Profit: 1.38/contract ($138) Max Loss/Buying Power Effect: Undefined/$501 Break Evens: 41.12/58.88 Notes:...
With broader market volatility bleeding out of the markets, I'm on the hunt for non-index premium-selling plays, and there are a few that have popped up on my radar. That being said, earnings season is nigh, so it might be best to be particularly selective as to individual underlying plays, keeping powder dry for the actual earnings, rather than pulling the...
2 Buy Zones Based off of Multiple ABCD Patterns. Steep Gap off of Earnings might take it to the 1.272/1.618 Extension Double Bottom Zone which is the safer play or Present position is still high probability with multiple ABCDs with extensions lining up in a tight zone. Wait to see a bounce and then hit a 618 retracement of any small move up. Going long at the...
Perfect gap and go earlier this morning. Looking for the roll over
If HOG opens below 58.24 consider using the Perfect Gap N Go Strategy. To learn to trade for free go to www.RealLifeTrading.com
Weekly chart shows head and shoulders pattern with the stock nearing its neckline. Can it save itself or do we have a date with the 200dma?
A gap down below 60.50 is a nice retest gap. A gap up above 66.50 would be the best bullish gap. Newsome calls for a gap down. If we do not clear 60.50 strongly, HOG likely could bounce off that low.
A NR7 pattern formed from 63.91 up to 66.33. Price action broke below the pattern today, which typically signifies a downside breakdown that is equal to the size of the pattern ($2.34 in range). Projecting downside to 61.85 within the next 7 sessions.
Longer term Butterfly pattern targets upside to $80 in the 2nd half of 2015, but the short term Bat pattern suggests an imminent pullback with a price objective of $56 by mid February
Bearish pattern with almost 10% downside target
Shark completed @58.78 , 5-0 finished wave3 on 161.8 ret. (double 161.8 confluence) for long into shark T1 @63.81 and 5-0 wave4 completion @65.72
Seems to be trading in an upward range for 5 years. You can find a spot around August where it usually bottoms and then moves higher Target entry: $60-61 Exit: $74