BMY is approaching our first resistance at 52.39(horizontal swing high resistance, 100% fiboancci extension, 76.4%, 38.2% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 48.35 (horizontal overlap support, 50% Fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance where we ...
CAT is approaching our first resistance at 141.46 (horizontal swing high resistance, 100% Fibonacci extension, 61.8% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 132.10 (38.2% Fibonacci retracement).
Stochastic (55,5,3) is also approaching resistance where we might see a corresponding drop in ...
Not financial advise. Do your own research. The ideas shared here are the personal opinions of the BitDoctor team. Trade at your risk.
Short and sweet comments here. The stock market has rallied so hard. It's actually pretty remarkable. The government is shut down, China has a showing of weakening economic growth, Big tech companies are preparing investors for ...
With all the over lapping waves, Netflix is exhibiting corrective, not impulsive behavior. Regardless, there has been a clearly defined five waves up, so we need to expect three waves down that will take us down to the price range of the fourth wave of lesser degree. That is a long ways down from here.
Netflix looks like it would be something that could be ...
Hi there. Price is forming a continuation pattern to the upside. Wait for the price to complete the continuation pattern that its forming on lower time frame and watch strong price action for buy.
METRICS:
Max Loss On Setup: $476/contract
Max Profit on Setup: $224/contract; $112 at 50% max with a Return on Capital of 23.5% at 50% max
Break Even Versus Spot: 35.76 versus 35.76
Debit Paid to Spread Width Ratio: 68%
Delta: 35.47
Theta: .51
Notes: A similar play to the BMY upward call diagonal (See Post Below), but without all the drama around earnings (which ...
Metrics:
Max Loss On Setup: $443/contract
Max Profit On Setup: $307/contract; $153/contract at 50% max for 34.5% ROC
Break Even on Setup: 49.43 versus 50.18 spot
Debit Paid to Spread Width Ratio: 59.1%
Theta: 1.22
Delta: 31.54
Notes: With earnings on Thursday before market open and the underlying at the low end of its 52-week range, I'm looking at taking a ...
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