Hi Guys. As always im on the look out for Macro opportunities in assets with market structure or patterns that scream "Pay Attention to me".
One that stood out to me was ARLO.
This analysis is on the 1 week timeframe.
Notice the Orange rectangle. This zone is a MAJOR Support/ Resistance zone.
When Arlo went Public, we started ABOVE this zone.
Then made our...
I don't think this one will go much higher above $5.
I bought March $5 put for $0.25, my break-even is $4.75
I will likely close my position before expiration.
set a GTC order at $0.6
We have cracked below the 5 and 13 Month EMA and are on the way to testing the Potential B level of this Shark. If price goes below the B Level we could see an Accelerated Move down to the 2 dollar area to complete the BAMM.
Trendline break
Entry 6.55
Stop 6
Target 8.6
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
Hello Traders! ARLO shows a Piercing Line Candlestick Pattern exactly at the Key Level showing confluence in price or giving us additional confirmation to enter a trade. I place my buy order at the closing price of this green candle and stop loss few pips below
All Conditions met:
1. Trend - Higher High Higher Low
2. Valid Pull Back
3. Key Levels
4. Strong...
Looking to swing back up after pullback from earnings report. Looking for pullback after earnings, looking for entry around .5 the move and looking to exit at the 786.
Above all MAs and breaking above resistance. Grabbed some July calls along with equity. Looking to add to equity on any pullback to the MA cluster at around 6.50.
Arlo Technologies, looks to be playing in a new bull channel. Watching this one close in the nearby with a long position. Will exit position if price breaks purple support meridian for the new channel. For now I think price is headed to retest $10.
ARLO delivered some great numbers during the past quarter by extending their new subscription strategy. They expect to have 1 Mil. paid users during the next year but will also see some shortage issues during Q1 & Q2. While I'm long on ARLO (I expect that they get bought at some point from apple or someone else). here is some short term trading idea.
MACD cross on the daily and a massive green candle yesterday that took out 2 fibonacci levels and tested a third. The RSI is a bit high so I will cautiously enter above $10.15 with a 1st target of $10.93. I will use a relatively tight stop here.
I've been following ARLO for a while and it looks like it is having a hard time getting over the price of 8.78. Hopefully, the next earnings cycle can get it to stay above $9. This is a ripe acquisition target for Apple as Google and Amazon already acquired Nest and Ring
