As noted in the latest video update for week ended 13-Oct, detected in the latest scan for the week (detailed commentary and full scan results available in the signature below), BOQ represents a potential bearish opportunity with respect to a possible breakdown should momentum continue and newer lows be made past the current position along with the outside week...
Channel support and Bollinger band. earnings coming up.
Technicals - Nice breakout of bullish flag. Fundamentals - QLD property is forecast to rise.
Picked this up at recent low a few days ago - prbably not the best pick of bank stocks in hind sight ( see WBC) but good enough follow through to make me less anxious of being exercised at expirey on 15 OCT. sold 70 contracts ( 7000shares) Put OCT strike 5.75 ( European) for -0.115 buy 5.25 (...
Bullish Pennant Price has broken upper trend line for Bullish Pennant formation
I can see a cup and handle formation on the 4 hour … looking like it is confirmed. ? $7 dollar target...
BOQ is backed with a trend line and seems to follow it. Price destination is clearly visible: it is 0.618 fib ret. If something goes wrong there is a support level @ 0.382, put stop right under it. RSI is positive.
-10 Year+ Symmetrical triangle (dubious without a launching pattern) -Weekly 50/200 SMA pinch -Weekly volume confirmation on primary pattern breakout -7 Week symmetrical triangle launching pattern just outside the bounds of larger pattern -Daily Bollinger band squeeze and expansion 30 basis points Trend follow model for trade management I saw this and acted...