Kind of shocked this company is still around AND $40 a share. Pretty perfect double top though. And a lot of good signals on other time frames =)
#NAILEDIT. This one came easy. It's good practice. Let's see what happens from here, but I will be waiting for a close below support and then short it. ;-)
Take from the rich, give to the poor. Maybe this is all of our chance on HOOD. Nice bull trend on the short term and intermediate. AT SOME POINT, this company gets bought out. Only question is when.
AMD closed the week out with a new low, trapping four recent days of bull volume (bearish gap and go). I expect AMD to trade down to support (around $52) and am looking to play it bearish as a day trade. Assuming we continue with the bearish trend, my personal method will be to wait for a close below premarket support, get in on a pullback, and hopefully ride it...
The interesting part here is the 10/20/50 exponential moving averages on the weekly chart have been SO much more bearish THIS time than the prior 2 crashes. You'll notice a better 'bear' trend with them. We crossed below ALL 3 months ago and they haven't re-crossed since (like they did in 08). If we currently get an inside week or a retest without a STRONG...
Dot is rejected to CV Level and price facing 100 EMA as a act of resistance + price tapped the VAH and Pulback to the POC of FRVP
AMD appears to be bouncing in between support and resistance on the Dailly Chart. I entered my swing trade at $74.90 and plan on exiting at $100.98, assuming AMD cooperates and does what I want it to (if it does, I expect this to be a 2-4 week swing trade). Interesting trade in general. What do you think?
IF this trade does not work, one Real life trader will get a weekend at the MGM on me ;-)
Very fun compression. TSLA IS ONE OF THE FEW STOCKS (large tech stocks) above ALL OF ITS MOVING AVERAGES on ALL time frames. I think a collar is wise because we are buying AT A Resistance and the market is "kind of weak" but = R:R is about 1:3.5 ..
Google is pulling into support with MASSIVE bullish volume (the biggest bull volume (that I can see) since March of 2020). Potentially a good play to go long with a target at the 100 MA. If the bull volume gets trapped, I imagine it would go very bearish quite quickly. Just my opinion. Thoughts?
Amazon had a nice bearish retest gap today, finishing with a bullish hammer into the 100 MA. Notice as well the massive bull volume (the most since July 29th). Potentially a good swing trade with an entry above, a stop below, and your target at the 200 Moving Average. Thoughts?
Buy low sell high. Seems like others might be doing the same. REALLY intrigued to see if SNAP will make it out of the 80% hole that it's in from the selling.
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Selling a call $25 higher than stock price now. This covered call will have two market closing days baked in AND it's above the 200 sma, less than 6 weeks of time AND I get paid more than 1%. Buy low, sell high.
Not the first one. This also happens to be below the 100 SMA on a monthly. I'm not afraid of owning 1,000 shares of WDAY down here. I will have to go and see how many put sales expired in the past to "calculate my DCA If I got put shares, but I dig it. I will be okay to buy to close this one for 50% prem capture before July..."
Nice company, nice product, the decent premium for the put sale. BELOW the 200 SMA on a weekly, and is 20% lower than where it is now. ALSO getting paid 2% to do this trade. YEAH!
I also do use this platform AND I LIKE IT. I've got some courses on there. Pretty easy passive income AND enriching opportunities!
I'm going long on the retest of the 200 SMA and the bearish candle that closed above the 10 ma on the daily chart. I will PLAN to get into a collar on this trade if I can, but I don't have to. I have no issue losing 1R on this trade.