Put/Call ratio of .433, at long term trend, $150.8 million buy at close, 90% of the big money(banks, institutions) is buying, very bullish stock with nice earnings estimates. Due for wave up. Bought Calls with July 9th Expiration
AMTD reported today and gaped up
last few weeks stock is consolidating above resistance at 47.3 area which acted as support
nice volume on break above 47.3 and correction is at 50 fib level
looking like a good upside risk-reward
TD Ameritrade was in a strong uptrend from mid-2016 until the start of 2017 where it ran into prior resistance at $47. After bouncing off that resistance, we’ve made our way back to the line, and now the handle is forming. This is the last phase where the remaining sellers at $47 shake out and the stock takes off for its next leg higher. We want to be long above ...
I typed up a long explanation on this trade a couple of minutes ago and then computer crashed....Not bothering agin.... So sorry about that. Read the chart. It was a good trade. I will study it more ;)
AMTD is forming a cup with handle formation that goes all the way back to late January. Entry will be break out of handle on strong volume. If there is not significant volume will look at break to new high as additional entry point.
If RSI crosses below the bold green line on the RSI I am selling. MACD already giving a sell signal.
Up 15% as of right now.
Hard Stop loss in at $45.54, regardless of indicators.
Hoping for a green day
Originally entered on 4 buy signals. RSI, MACD, Volume, and Price action breakout.
Solid Earnings today. Top line growth at 11% year over year.
Client assets up 20 year over year.
However EPS declined 2% year over year. Will have to take a look at the cashflows do get a better idea as to what the cause was. Im assuming the reduced trade commissions.
I believe that trading success relies heavily upon identifying consolidation zones. Consolidation zones provide us the right direction of the market. A consolidation happens when a market move sharply upside or downside. Later, a trader can use these consolidation zones to identify patterns, whether it be continuation or reversal.
It requires attention and care. ...