Albeit lazily drawn, I present the dreaded “vomiting camel” pattern. I’m not making this shit up. There’s actually a pattern you can look for that is a serious fucking bear when you do. It’s got this ridiculous name for obvious reasons, but here it is and I’ve decided on the 4/46 long put, 17 strike. It cost .66 and is at .69 as of 1053am 4/12. I’m not going to...
X a GREAT American company with a not so great chart - we are looking for an entry in the $8 area but this will take some real patience for a potential big payday. We will NOT short this name - we will be patient. As always do your own DD. #trading #stocks #fintech
X STEEL HAS REALLY SUFFERED RECENTLY AND RECENT ANALYST DOWNGRADES TO SELL WILL DEFINITELY NOT HELP. CURRENTLY SELLING AT A 2.76 P/E RATIO, WAIT TO SEE IF SUPPORT HOLDS BEFORE ENTERING A LONG WITH STOP BELOW $16.
Year long downtrend continues... bear flag...
Trade war not making X great again...?
Double bottom possible around $17.50...?
I would appreciate comments, as this is my first published chart and I am not a trader.
I like X longer term, on a value basis...Net incomes are now positive, debt is down over the past couple of years (and now looks manageable).
Shorter term looks like a bear trap, unless a China miracle happens, bumping up against the longer term down trend. If it powers through (thank you value investors with a PE ~4), if it pulls back we're watching for a volume...
Esta haciendo un triángulo ascendente, y se esta consolidando en una zona de soporte - resistencia, reporto resultados muy buenos, yo espero que continúe con esa tendencia que lleva haciendo desde diciembre.
... for a .49/contract credit.
Max Profit: $49
Buying Power Effect: ~$202/contract
Break Even/Cost Basis If Assigned: $18.51/share
Notes: Here, I'm just looking to deploy some buying power in one of the few underlyings with fairly decent implied volatility (42.4%) at a high probability of profit strike (the 16). I'm fine with...
$X gapped down on earnings & the buyers got to work immediately on enormous volume flushing out all the weak hands. X has been grinding sideways and now looks ready to ramp higher out of this bullish symmetrical triangle. Long and adding