Great book by Victor Sperandeo "Trader Vic - Methods of a wall street master" , specifically the section on drawing correct trendlines. I see a lot of traders (including some times myself) drawing wrong trendlines especially if they are bias to long or short. Per Trader Vic - For a downtrend within the period of consideration, draw a line from the highest...
NASDAQ:PLBY PLBY PT1$28 PT35 1/H Chart. Stop loss $34. Put may work .
PLBY showed reversal at the last bottom of the triple bottom, EMA's pushed up through, showing signs of upward momentum. It is currently in a cup pattern right now, hoping it follows suit as projected for the handle and to follow the trend line.
After showing a bullish divergence on the RSI, PLBY has finally broken out with volume! Expecting a bull run, hopefully it will go to the moon! I wouldn't risk more than 1% of my capital on this trade. Bought at 26$: I think that 27.5$ may not be an optimal entry point with a good enough risk/reward ratio. This is not financial advice, I am an amateur trader,...
Waiting for the 21.5 levels to go in with a 20$ stop loss. be patient it can go 50% up towards q1 2022.
Bullish divergence in the macd, RSI in the middle. It looks to launch to the 25 or 26 levels soon
Bullish divergence in the macd, RSI in the middle. It looks to launch to the 25 or 26 levels soon
PLBY LAUNCH CENTERFOLD - VERY BULLISH THIS IS NOT SPECULATIVE TRADE
Bounced off 200EMA on Daily Chart MACD Showing Divergence Pricing Showing Lower Lows from $26.91 to $25.27, However MACD showing same levels around -0.60 regardless of price. Soon we may get a crossover of MACD over Signal line, indicating Bullish momentum RSI also showing oversold at around 30. Based on previous RSI levels and Price action, we have seen a...
Watching bounce off support, far exp calls are the best in this scenerio.
0.5 fib looks to be the reversal place so far.
Playboy already crossed into the bearish section on the divergence indicator and could possibly break down all the way to $32. I personally will be looking into short-term put options for this stock.
LOOKING FOR A DOUBLE BOTTO OR LOWER LOW INTO THE 100 MA LOOKING TO SEE IF IT ACTS AS A SUPPORT AGAIN LOOK AT ENTIRE HISOTRY OF CHART TO SEE WHAT I MEAN ITS ALOW FLOAT STOCK 14M SO CARFULE WITH THIS ONE IT IS FLOATING DOWN ON LOW VOLUME ENOUGH SAID.
Guys i have been tracking $PLBY, i think it has tested the 89 ema 3x and it will break & fill this butterfly & cypher price reversal zone. I will update if 89 ema breaks, aim 382 and 618 always ($ symbols) . at tp 1 (382) stop is to entry, 2 stops= 1 for small pattern 1 for larger (red LINES) goal is to get tp 1 of large pattern w small pattern stop LOSS, I...
$PLBY as long it stays above $49 can go and retest 57s