Hey traders, SIX FLAGS ENT CORP NEW is in a fake bullish configuration with low past purchase volume and sellers shadow. Looking at the TIMEFRAME M1 we see a marubozu with a low sales volume it goes on its last precedent lower which is in a bearish breaking gap. At the lowest bollinger level for testing and reversing it goes towards the top of the range for...
SIX was one of my first trades earlier in the year, and it was not a good buy for me. Got in around 29 dollars and thought i was going break even since i heard good news about it with halloween coming up. Just broke out of its uptrend line.
Credit Facility Amendment Provides Additional Financial Flexibility to Six Flags SIX today announced that it has amended its credit facility to further extend the covenant waiver period by one year, from the fourth quarter of 2020 to the fourth quarter of 2021, and to extend the covenant modification period by one year through the fourth quarter of 2022. In...
Descending triangle, renewed covid fears, dont see them opening anytime soon. Disney workers petitioning to stay closed. Short
It is on clear uptrend. With TX location opening on June 18, and Hurricane Harbor on June 19, It could spike at around $32-$33. Buy now, sell on June 18. Nice TP in 2 weeks.
ABC retrace to top of ascending wedge to the .618 fib. Six flags which has already gone bankrupt once was already flirting with bankruptcy before the pandemic hit. Trying to open at 25% capacity with a reservation system and force people to wear masks is a joke. Target single digits. If the fall is prolonged then look for further climbing in the wedge to the...
Six Flags Entertainment Corp. engages in operating of theme parks. It operates under the brand name Six Flags, which offers state-of-the-art and traditional thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues, and retail outlets. The company was founded by Angus Wynne in 1961 and is headquartered in Grand Prairie,...
I SEE THAT WE COULD BE HEADING DOWN ON BREAK OF THE WEDGE.
The manageable way to setup option position for such a breakout IMO is. Get in with a Debit Spread, in this case Call Debit Spread (Buy 16, Sell 20 strikes) (Buy open 16 and Sell open 20) If the breakout runs greater than $20, you can take the profit. If the breakout turns out to be fake, Roll the sold 20 strikes to 13 strike. I.e., Buy to close the 20 strikes...
Bullish breakout pre market, with a short squeeze helping Fibonacci targets as per chart
I am waiting on this trade to slowly develop, see if the pattern holds for the next couple of days... hopefully, it can be a perfect short coming earnings date (4/30) Six Flags has been holding $14 strong since April 8th.. I am sure we have not seen the end of COVID-19, I think Six will remain closed for a long time and cause us to fall back to 12 or below! We...
Absolute dogshit stop loss but one of the very undervalued stocks at the moment if it goes to the buy zone can most likely wait it out few months or few years and I expect it to eventually hit all profit targets and that should net about 300%-350% in about 2-3 years time frame.
I am no professional but this is my opinion and the trade I am taking based on the chart. Trade at your own risk. On March 16 we reached a high of around $17 which was quickly sold off, making us reach new lows on March 18th. On March 26 we reached $17 which was rejected once again, this time we reached a higher low of $9.95 or so on April 3. On April 7 we...
First time publishing an idea, would appreciate feedback. Looking to short or buy puts on $SIX at around $13, take profit round $10-11. $SIX bounced at 12.25, wouldn't be surprised if it went up on April fools!