SIX is one of the older alerts. It is going down & now approaching a key support areal around $57. We think it has good downside potential if it can break down.
These are my thoughts on Six flags: The stock bounced today at a really strong support line that lasted from a year ago. Early in 2016, the stock bounced a lot of times on that support line and did run for some nice gains, then a few weeks later the stock broke out of that support line and went really far on the downside. After that, the stock reverse and run for...
SIX is forming upward neckline H&S formation. Still like this a lot as short, and we think it can decline all the way down to $42 For a entry we are looking for a break of $56.57 & we would consider $55 Puts, last traded for $1.85 * Trade Criteria * Date first found- March 23, 2017 Pattern/Why- H&S formation in weekly frame Entry Target Criteria- Break of...
SIX seems forming a head & shoulder pattern. And now rolling over beautifully. The H&S pattern has potential to decline all the way down to $42. To play this we would consider $55 Jun Puts, currently $1.48 or $60 Jun puts for $3.69 Please check back for Trade updates. (Note: Trade update is little delayed here.)
I like this chart because the stock breaks a strong resistance line and then retrace a little bit and i think it will bounce at old resistance who becomes support.The stock is just above the MA 50 so that act as support also. I like the formation of a nice engulfing pattern and the stock on friday creates a nice shaven bottom candle, that means that the stock...
SIX getting weaker after touching its resistance level near top of the upward channel. We think it will reverse from here & it would decline breaking the channel formation. We think it will decline to $49 area. For trade we would consider $60 March-17 Puts @ $5.60 You can check our detailed analysis on SIX in the trading room/ Executive summary link...
Looks like a head and shoulders forming on Six Flags weekly
Well, even though the recent earnings report blew speculation I'm noticing that this stock is moving rhythmically. These are weird Q4 earnings (2.2 mil - which is about what it costs for parking, admission, and food for a day at one of their parks with your family ohhhhh SNAP hahahha!) , because you would think an amusement park would post better in say, Q2 or...