Price briefly dropped below the uptrend line, just to sharply recover and allow further support to form along the upper trend line in white
Rectangles in green are zones where price moves along the Trend Line
Yesterday i was amazed to see a block of 35K calls worth of $525K on VRM expiring May 20.
And i will explain to you why they might be extremely profitable!
Since its highs, VRM lost 97.76% of its value and it`s not a crypto, by the way, it`s a company that makes billions of dollars.
The calls are related to the first Quarter earnings on May 9, so they expire 11...
I spotted a potential Swing Idea on KMX. I'm eyeing 140-145 calls. I haven't determined an expiration date yet, but I'm aiming for next month, maybe even Dec. depending on the contract prices.
I also have a 1hr markup which is showing me a possible bounce coming off the 200MA. WIll this happen anytime soon, that I don't know.
However, I'm liking the pullback to...
According to the option market, KMX is looking to make a 6.5% move based off of $133. This meaning 6.5% to the upside or downside is expected.
Due to the current set-up, in my opinion CarMax could reach that 6.5% before earnings rolls out on Thursday.
Demand above $134 could trace a realistic move to test $138-$139 by earnings, and has room to even create a...
If you look at the 1M and 1W, you will see solid resistance and at the 1W you can see kind of like an upward wedge and a red inverted hammer wick. Zoom in a little to 1D and we will see kind of like an upward wedge formation going on, and that it is currently retracing from resistance, but some consolidation here could happen. From here on we will need to wait a...
Hi, today we are going to talk about CarMax and its current landscape.
CarMax is poised to receive increasing attention from the market as relevant events are taking place. The company reports its earnings on Friday before the opening bell.
With a good year, this report could be an event that will boost its positive momentum. The auto retail company has been...
Here is a great opportunity to pick up KMX .
At Three Percent Trades we have a price target of $96.00 / share, which is a potential upside of 9.9%.
We use a combination of fundamentals & technical analysis to trade high probability set-ups, and believe this is a great opportunity to take advantage.
KMX is approaching our first support at 54.37 (horizontal swing low support, 100% fibonacci extension, 61.8% fibonacci retracement) where a strong bounce might occur to our first resistance at 67.25 (horizontal overlap resistance, 50% fibonacci retracement).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding bounce in price.
KMX is approaching its support at 59.53 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 67.10 (61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is approaching its support at 3.4% where a corresponding bounce could occur.
higher time frame in uptrend parallel channel with strong momentum bars of support line
mid time frame is breaking out of downward trend line and out of consolidation range-structurally sound
upper bound of value and resistance area is 62.5x
positive momentum rsi and rising positive volume pressure
lower time frame shows price breaking out of triangle with good volume
KMX announces earnings on 4/6 before market open, so look to put on a play before tomorrow's New York close to get in on a volatility contraction play (six month implied volatility percentile is around 100, with background implied at 47).
Here's the metrics for this puppy:
Probability of Profit: 50%
Max Profit: $113/contract
Max Loss/BP effect:...