Expect RAD to breakdown towards 2.00 levels or more. We just broke down the downward channel, meaning a further sharp fall is ahead. SL over 3$ 1 TP on 2.00$ 2 TP on 1.75$
Premium Selling For the umpteenth week in a row, there is little in the market for high quality premium selling plays. Screening for 52-week >70 implied volatility rank, you'll basically get one quality hit at the moment, and that is COST, which has dipped significantly on AMZN/WFM merger news. A few names are approaching that 70 mark, but they have earnings...
GOING LONG ON $RAD IF IT BREAKS FALLING WEDGE...LOOKING FOR .20/30 PROFIT.
I do these lotto trades once in a while ... . I won't take credit for it, and I'm not the only "genius" who's thought of it given open interest in the March, April 6 and 7 calls ... . Here's the low-down, courtesy of Motley Fool: www.fool.com Because I'm paying a debit for this up front (the mid price for the April 21st 6 call is currently .37), I'll need price...
we are in a wave 3 of wave C of ABC down. C=A = 4.58 C=1.272 A = 61.8 Fib = 3.6-3.7 C=1.618 A = 78.6 Fib = 2.2-2.4
The last time I looked at this stock I had a bullish Bat Pattern on my radar, which resulted in a move back up to previous structure before continuing short. That movement down ended up being the 3rd drive in a bullish 3 Drives pattern (in yellow) and what I would expect is a minimal move back up to previous structure (orange arrows). Typically when traders look...
Rite Aid and I have a long history going back to a buy when it was well less than a dollar. We've recently seen a steady bullish move until the recent news that competitor Walgreen Company was looking to buy the remaining 55% of Alliance Books putting them into international markets for the first time which would potentially allow them to undercut Rite Aid. For...