This trade is fairly simple; it's looking to capitalize on the fact that Apple and Microsoft, America's two largest companies by market cap, are enjoying the spoils of immense profitability and revenue growth at the cost of legacy technology + communication providers CSCO and ORCL. I've been in for a while and think now is probably the time to share to the lovely...
Breakaway Gap, trendline Break
Target: 50; reward:risk=6:1
I am not a PRO trader. I need few months to practice trading strategies.
If you like this idea, please use SIM/Demo account to try it, until my trading plans get high winning rate.
after the destructive earnings the stock is in a current downtrend. I hope it will turn at the 61er retracement. The buy area is placed and a good chance to set a stop buy. The RSI also give a good buy signal. In case the stock doesn't change the direction, you can also hold the position as a dividend position (3,5%).
Stop Buy: 38.75$
Took out a call option on this, far in to the future.
There are a few that are being punished and dumping in the short term and trying to pick up a few bucks in case they flip the script.
Very very small investment for this gamble. If we see $47 / share by 10/16 - its a 117% win. I would sell at 50% probably.
This is eagerly similar to a recent run out in last November although it hasnt reached that trendline in some time. IMO this can do the same move as 11/19 or it can dip a bit further into the 38s and get the RSI down under or touching the blue. This may need a couple weeks to recover if it reaches the 38s but this seems like a good buy either way. Also the MACD is...
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Signals & Indicators
MACD tilt is...
1. Trend Analysis
Uptrend channel since 2011
2. Entry Analysis
Pitchfork, representing short entries at higher level and Long Entries at lower level
3. Indicator Analysis
Weekly 100SMA have proved to be an health indicator for overall direction (bearish)
4. Candlestick Analysis
Engulfing Bearish candlestick (bearish)