Volume shelf, reopening play, cruises restarting, thesis and chart lining up here.
After two months of downside, Boeing may be ready to take off. Notice the downward-sloping trendline in the aerospace giant. BA ended last week above it and is continuing higher today. Second, the 8-day exponential moving average (EMA) is on the verge of crossing above the 21-day EMA. This is common signal for intermediate-term momentum turning more bullish....
More visual for the possible BA move coming. Going to be looking for June calls for this move. Last few big ones happened fast.
The last two times BA has seen this defending wedge breakout since the covid drop it’s seen multi day runs. This could be the start of another leg up and possibly the 300 move. Will be looking to play the breakout not longer dated calls since it’s been so news driven. Will just buy and roll shorter calls as the opportunity presents itself. It has been so news...
We like the retail earnings this week and the return to brick and mortar workplace on reopening. As usual, the chart and techincal factors as well as Reward Ratio are more important for us.
Booking.com re-travelling play here looks good for a swing trade. Again, very important to keep good Reward to risk ratio (1.68) . The best plays are like this one that have room to the upside although the candles aren't the best.
The vaccination campaigns are raising all over the world, but US is doing an incredible job to get this done very efficiently. I am positive that the retails will spike in the next cycle due to the needs of the people to get back to in-person shopping experiences that are missed for more than a year at this point. Dillard's performance showings clearly the first...
Idea for AMC Entertainment Holdings Inc: - AMC Entertainment Holdings, Inc., through its subsidiaries, involved in the theatrical exhibition business. The company owns, operates, or has interests in theatres. As of March 12, 2021, it operated approximately 1000 theatres and 10,700 screens in the United States and internationally. The company was founded in 1920...
Netflix was obviously a big beneficiary of last year’s pandemic. It was one of the first to break out (mid-April) and one of the first to peak (early July). Now it may be at risk of breaking down and having a deeper pullback. The first and most important thing on this chart is the bearish gap after the last earnings report. Profit and revenue beat as management...
Will history repeat on the 8-21 cross for Wynn? Call/put ratios good, Vegas reopening, people traveling again move back to 140+ Coming soon?
It's a very wide wedge right now so lots of room to fluctuate. Will the reopening trade momentum act as a catalyst for another rebound or will NAT just chill here forever? In its Q4 and full-year 2020 update, The company said that “We see strong oil demand, in particular from Asia for 2021…The lock-downs around the world has led to pent-up demand for many goods...
The CHS stock chart is at a level where we saw some high traffic a while back. This has previously been a level of support, now apparent resistance. But can the reopening momentum act as an afterburner for the penny stock? Chico’s FAS is another apparel retailer owning popular niche brands like Chico’s, White House Black Market, and Soma Intimates. It, too, has...
Will XOM first do a little consolidation here in the channel before breakout, or will first make breakout and retesting before "touch the sky" on approx. 74,12 is up to see. Time will show the right way. * Support and resistance level are on monthly chart. :) NYSE:XOM
Reopening plays coming through, pretty sure all airlines will be going up, but I'm just a fan of AAL.
Uber Technologies quietly hit a new all-time high on February 11. Now it's pulled back and may be offering some opportunities for the bulls to hail a ride. First, notice the trend line starting at the low of November 4, as stocks began their election-week rally. UBER jumped two sessions later after announcing results. It continued higher until late January, when...
Notice the major multi-year higher low formed in 2019, followed by the rounding basing pattern and subsequent breakout outside of the multi-year triangle. The higher low in 2019, before the Covid deflation crash, tells me the agriculture complex was already bottoming ahead of Covid and now has a full head of steam. Corn, Soybeans, Sugar, Fertilizer have all...
We're already in the midst of record runs in the equity and commodity markets but as bubbly as it seems, its not over. We are in an environment that not many people are familiar with. The last time Growth and Inflation on a global scale were accelerating as fast as they are now was immediately after World War 2. Previous commodity cycles were sparked by 1 or 2...