$ZG have successfully broken out of its 8 months trend channel, infusing a further upward accelerated move of +11.51%. This is a cumulative gain of +55.14% from the Bullish Reversal Hammer on 10th November, previously highlighted.
Currently, the upper trendline resistance-turned-support, have price action bounced off on 21st December 2020, acting as a first line...
$ZG exhibited a well respected trend channel since April 2020, a significant 8 months duration. It underwent a technical sell off of -15.76%, on 9th November 2020, with price action being resisted at its upper trendline.
The exhaustion of the selling was witnessed during the afternoon session of 10th November 2020, with $ZG closing the day with a Bullish Reversal...
$Z is breaking out to new highs again before $RDFN earnings in an hour. Housing market has been on fire and $RDFN $Z should benefit. I hate earnings plays so I have a half position currently as I want the ability to double up after earning's prints. Also possible $Z gap up on $RDFN blowout so I want to take the risk exposure. I am long Jan $100c and short Sept $65p
Waiting to enter position on Monday
Note – ZG earnings are on 2/10/2020.
I apologize for the Bitcoin video earlier today. Microphone issues. Issue will be fixed by Tuesday with mic. :)
1. Short stock (not my preference)
2. Bearish Call Credit Spread – Collect premium for options that expire worthless.
A. Jan 17 expiry - 40/45 Call Credit...
Above the 40 (November 7, 2018) – Exclamation Points for the End of Oversold Trading Conditions
November 8, 2018 by Dr. Duru
AT40 = 40.5% of stocks are trading above their respective 40-day moving averages (DMAs)
AT200 = 37.4% of stocks are trading above their respective 200DMAs
VIX = 16.4
Short-term Trading Call: bullish
Financial markets made their...