Reaching the resistance of the Ichimoku lines very probable and that will put us ITM on the 13.5 strike. Option expiring on the 23 of June.
At the mentoring group we called it a "Mountain". To me, this is just a buyers zone. But it doesn't matter how you call it. It matters, how you use it, and what you are aware of, IF you use it. Because this zone could get washed in a blink... That's why it is always a good idea to first observe, and then let the market yell at you, if there is a potential entry...
Not one of my better charts. Not too much going on with it. I would choose to not trade it (in a perfect world), especially after today's price collapse of 7%. gap strategies are you best bet for trading this one.
This does not look very promising for the bulls.
MRO HAS TESTED THE GAP IT LEFT IN LATE DECEMBER AND SEEMS SUPPORTED RIGHT HERE. I LIKE THE MARCH CALLS SINCE THEY GIVE US SOME TIME TO LET THIS WORK ITSELF OUT WITHOUT MUCH DECAY. WE BOUGHT THEM DOWN ABOUT 20% ON THE DAY AND I WON'T HESITATE TO CLOSE THEM OUT IF WE BREAK 16.53 ON A CLOSING BASIS...I WILL TEXT MEMBERS...OZ
Retest Gap. Increasing volume and all EMA's between entry and stop. Should bounce off one of the EMA's if triggered in.
Highlight this one yesterday when still trading within the wedge. Running to $17 from here.
Everything related to oil is going bananas right now. This stable play looks ready to run for the upper trendline near $17. Avoid the junk. Buy quality. Visit DrStoxx.com for all your trading needs.
Low volume pullback to rising 50sma with oversold indicators and Fib retrace hit.