IDEA : Sell Bill Holdings $45 strike puts expiring 5/19/2023 for $100 per contract (Currently $1.00 market bid. Be sure to check prices.)
NOTE : Your broker will reserve $4,500 in buying power for every contract sold.
STATS :
-37.4% breakeven (We have this much “room” until we would be underwater at option expiry.)
15.6% annualized return
92.3% ...
BILL closed the week with a strong Bullish sentiment.
Bouncing of weekly support $98-$99
and closing above its Daily support $104
What to expect:
An open above 104 can be indication of a push to retest Monthly resistance $110-111 eyeing resistance @$116 and possibly $122.
If we see an opening below the $104 mark then price will seek to retest weekly support...
Order BUY BILL NYSE Stop 129.23 LMT 129.23 will be automatically canceled at 20230401 01:00:00 EST
BILL second daily bullish hammer in buying zone might be it for ABC correction can go higher beware of earnings
Sell Stop 130.34 LMT 130.34 GTC
Buy Limit 36.33 GTC
Buy Stop 187.88 GTC
BILL weekly bearish hammer wave 5 downtrend stop loss above local high pivot, take profit to buying zone on monthly 168% fib retracement of wave 4.
Sell Stop 122.02 LMT 122.02 GTC
Buy Limit 106.31 GTC
Buy Stop 135.04 GTC
BILL daily bearish hammer conservative stop loss since can be grinding for a while in a chop.
Still pretty new at charting, so any constructive criticism is welcome.
Market structure is clearly bullish especially after the earnings report this past week. A gap formed after earnings that will eventually fill, but this whole picture suggests that the share price will fall lower.
It's currently at a demand zone - but may move below it with ease. Once below...
Update for today. Going over many of the same tickers such as APPL, BTC, AMD, TSLA, MARPS, DOGE, ADA, BA, and some others.
Take care, Stay happy and healthy.
This trendline has been tested and held once, will it hold again?
Bulls will need to defend this and consolidate above for shot at ATH. If trendline goes, this will go back down to the bottom of this channel.
No need to guess which way this will resolve...just wait for the confirmation
Need tightening price action here below 260, to set up a breakout. For now best thing to do is to watch for a coiling price action above VMA @ 200.
volume shows good bullish signs, so any whiplash action to the trendline support, will be an excellent buying opportunity.
I expect some consolidation inside the pennant to resolve the price action. No reason...
The 1-hour chart for BILL seems to be consolidating into a wedge. SMA20 had crossover SMA60. And SMA60 going to crossover SMA120 making the MA lines uptrend. It is time to get in with a good upside and limited downside.
Buy @ 238
Stop loss @ 224
Profit @ 342
Profit to loss ratio = 7.4
