Analyzing the options chain and the chart patterns of RDUS Radius Recycling prior to the earnings report this week,
I would consider purchasing the 17.5usd strike price Puts with
an expiration date of 2024-9-20,
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.
Looking at the SCHN Schnitzer Steel Industries options chain ahead of earnings , I would buy the $35 strike price Calls with
2023-4-21 expiration date for about
$0.27 premium.
If the options turn out to be profitable Before the earnings release, i would sell at least 50%.
Looking forward to read your opinion about it.
Information to have in mind:
I've graphed a few historic values that most analysts have in their notes.
Schnitzer Steel Industries Inc. reports their earnings 04/05/23 BMO: I'm anticipating the market will sell the surprise.
The %B is at a good value to "signal a continuation".
SCHN has broken out nicely of the down channel in white
It is now forming an up channel that i have drawn with the solid white lines
On an angle the structure could be viewed as an inverted head and shoulders
Breakout move should continue within this up channel, right shoulder forming.
$RDUS has some tight price action under a key pivot, which if it breaks through could fill quite a large gap. This sector is strong and this stock is showing good relative strength along with signs of accumulation
Hello there,
After making a 20% up from this trade, we may make another 20% down.
Follow the chart for target and SL.
*** This is not a financial advice, I'm still a beginner trying to share my Road here.
Thank you.
Hello Traders,
As you can see in the chart, SCHN is holding the uptrend and still bullish.
We will entre here with the green lines as a target.
THE SL will be 46.5$.
*** This is not a financial advice, I'm still a beginner trying to share my Road here.
Thank you.
Many thank to @Cape-Peninsula-Capital
RDUS: Radius Health Inc.
2021-10-18 08:30:00
Radius Announces Positive Phase 3 Topline Results for TYMLOS® (abaloparatide) Subcutaneous Injection in Males with Osteoporosis
The stock reversed at a significant price level (recent distinct high, Fibonacci cluster and 70MA). The trade can be entered immediately (limit 51.50$) and the first price target is at around 59.50$. The stop should be placed at 44.55$ to maintain a decent risk/reward-ratio and the ATR stops daily chart can be used to manage the stop.
Chart pattern: Break out
Entry: Immediately
Stop: 55$
Target: 61.50$
Risk/Reward-Ratio: > 2:1
Stopmanagement: Parabolic SAR daily chart default settings
Description: The price broke out of a trading range and is testing the former resistance level which now acts as support. The high volume from the break out is also confirming the long scenario.
Chart pattern: Bull flag
Entry: Immediately (this would end the secondary downtrend of the correction)
Stop: 37.90$
Target: 57.50$
Stopmanagement: ATR Stops daily chart default settings
Risk:Reward-Ratio: 1.5:1
Description: The chart is forming a bull flag with a nice corrective pattern (which retraced under the 38 Fibonacci retracement). Target...
Hello traders, SCHNITZER STEEL is in a bullish push with a hammer bull candle and a large buy volume made. In the TIMEFRAME 1 Min we see a buy line that tells us that we are staying in the current trend, with strong potential to break the VWAP. And breakout the stabilization zone to arrive in a next zone. Two important levels to pass after target is the top of the...
