On a hourly basis, selling pressure accelarated and exceeded the regular sell of pace. Rather than technical analysis only, I also did my own fair value analysis for the stock, and at this point, there is a strong underlying value which may support the price at these levels. On given the price in june and today there is a formation of double bottom and given the...
I like the look of this chart the clean double bottom and MACD divergence indicates prices should be around 44.5. Bought some June 28 43.5 calls for 39c
Understanding The trade: As an options trader my goal is to identify trend change and utilize a breakout strategy to leverage profit off of major trend changes with minimal risk. Even though this contract does not expire till 7/19 I will be looking to take profit by early July as the rate of decay factor starts to come into play as the contract approaches expiry....
NYSE:BK Long for July 12th at $47 Options. Looking for ROI of 120%. Entry price at 23cents for 3 contracts.
BK: BNY Mellon 2018-12-10 16:06:00 BNY Mellon Announces $830 Million Increase to Common Stock Share Repurchase Program
As usual on the graph ! Good trades to all of you
Two areas to go long, dark purple present buying opportunity, if it breaks, i can see bk trading to light purple line. If conservative wait for 1st support to break, requires patience. #GL
This is one of my faves, keeping it simple, it has bounced from this support in past, why not again? #GLTA
Supporting Technical: - Trading Range Low - Change in Momentum (Heikin Colour Change) - Improving FFI Risk: - Stock is relatively weaker than market - MACD bullish crossover is technically required to confirm upward swing
Variety of ideas and different stock symbols. This is about diversification and risk reduction because bank stocks are low volatility and the financial Industry is bullish now. No comments about Technical Analysis.
Grabbed June 60 Call Options on the post-Earnings dump
May pierce resistance; strong buying correlating with upwards RSI and MACD