Interest rate sensitive Nasdaq composite index off from its 5 monthly gaining streak marked by strong economy projections reneging expected rate cut in June FOMC meeting. NASDAQ:NVDA and its peers from Semiconductor industry overall are continuing to follow market downtrend.
In the world of trading, understanding the subtleties of stock movements, such as those of a giant like Apple NASDAQ:AAPL , can be both intriguing and lucrative. Since June 2023, Apple has shown a peculiar pattern of sideways trading around its all-time high (ATH) from early January 2022. Currently, some may interpret the chart as suggesting a downturn, with...
hi traders Let's have a look at SONY . SONY has been in a macro downtrend. It looks like the price formed double top pattern on weekly time frame. 2 tops around 100 $ , at the 0.382 fib level acting as a resistance. In my opinion it's not a time to look for longs on SONY. I would rather short it if the support at 80 $ fails. Breaking below 80$ will be a...
Analyzing the options chain and the chart patterns of CLRB Cellectar Biosciences prior to the earnings report this week, I would consider purchasing the 5usd strike price in the money Puts with an expiration date of 2024-4-19, for a premium of approximately $1.15. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
After the previous price target was reached: Warren Buffett has been a prominent supporter of Apple (NASDAQ: AAPL) in recent years. However, there is speculation that his enthusiasm for the stock may have diminished. In the fourth quarter of 2023, Berkshire Hathaway reduced its holdings in the tech giant. This move occurred before the U.S. Department of Justice...
If you haven`t bought the dip on WFC: Then analyzing the options chain and the chart patterns of WFC Wells Fargo & Company prior to the earnings report this week, I would consider purchasing the 60usd strike price Calls with an expiration date of 2025-1-17, for a premium of approximately $4.85. If these options prove to be profitable prior to the earnings...
If you haven`t bought JNJ before the previous earnings: Then analyzing the options chain and the chart patterns of JNJ Johnson & Johnson prior to the earnings report this week, I would consider purchasing the 145usd strike price Puts with an expiration date of 2025-1-17, for a premium of approximately $7.55. If these options prove to be profitable prior to the...
Analyzing the options chain and the chart patterns of BK The Bank of New York Mellon Corporation prior to the earnings report this week, I would consider purchasing the $52.5usd strike price in the money Calls with an expiration date of 2024-5-17, for a premium of approximately $3.45. If these options prove to be profitable prior to the earnings release, I would...
Overview: Luminar Technologies (LAZR) appears to be forming a possible bullish diamond pattern, which could indicate a potential bullish reversal. Combining Fibonacci retracements and extensions with Elliott Wave Principle (EWP) counts, we'll explore potential price levels and patterns for today's intraday trading session. Chart Analysis: Bullish Diamond...
If you haven`t bought UAL before the previous earnings: Then analyzing the options chain and the chart patterns of UAL United Airlines Holdings prior to the earnings report this week, I would consider purchasing the 43usd strike price Calls with an expiration date of 2024-4-19, for a premium of approximately $1.36. If these options prove to be profitable prior...
This is the price action for AMD. If you have any doubts, make sure to DM here. I have discussed all the levels and my trade action as well. NOTE:SELLING PRESSURE IS WAY TOO MUCH
If you haven`t bought AAPL before the previous earnings: Then analyzing the options chain and the chart patterns of BAC Bank of America Corporation prior to the earnings report this week, I would consider purchasing the 35usd strike price Calls with an expiration date of 2024-8-16, for a premium of approximately $2.82. If these options prove to be profitable...
If you haven`t bought WAL before the previous earnings: Then analyzing the options chain and the chart patterns of WAL Western Alliance Bancorporation prior to the earnings report this week, I would consider purchasing the 52.50usd strike price in the money Calls with an expiration date of 2024-6-21, for a premium of approximately $6.35. If these options prove...
✅AMAZON broke out of The rising narrowing wedge And the price is now going Up in a rebound to retest The broken levels above But I am locally bearish Biased and I will be Expecting a further Move down SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Looking for continuation of downtrend once price reaches the downtrend line, supply, 0.618 Fibonacci level.
Analyzing the options chain and the chart patterns of PPG Industries prior to the earnings report this week, I would consider purchasing the 130usd strike price Puts with an expiration date of 2025-1-17, for a premium of approximately $8.05. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
If you haven`t bought PG before the previous earnings: Then analyzing the options chain and the chart patterns of PG The Procter & Gamble prior to the earnings report this week, I would consider purchasing the 155usd strike price Calls with an expiration date of 2024-9-20, for a premium of approximately $8.85. If these options prove to be profitable prior to the...
A clear change in the state of delivery! Look for the retracement to start from within the +FVG.