This triple bottom signals a short term
Technical weakening of bear drive last sessions
And should see covering rally 100 pips minimum
Given US market losing risk off sentiment in a predictable correction
Picked this up at recent low a few days ago - prbably not the best pick of bank stocks in hind sight ( see WBC)
but good enough follow through to make me less anxious of being exercised at expirey on 15 OCT.
sold 70 contracts ( 7000shares) Put OCT strike 5.75 ( European) for -0.115
buy 5.25 (...
Here is a global tech company / growth Gem in the shit times ( bargain?)....I 23% increased Revenue, and 197% profit > with more stellar growth pojected to the tune of +55%...With an all time high of $38 bucks, there's retest in the air over 12 months for a potential +55% mark up if get exercised on sold put at $24.50 by 15 OCT. If not stand to keep $500.00...
In this environment looking for slow and steady wins the race type of higher probability 'income'.
1. looking for neutral to bullish action over the next 20 trading days
2. buy signal on 'TURTLE SOUP plus one' - recovery from new 20 day low, with reversal bullish.
3. Found 0.10 net credit premium on 17.51 European put option with 17.00 American put protection *...
After a poor start to the bear spike lower than previous 20 day high,
I waited for a pull back in 5 waves on the 1 hourly chart, and then an hourly penetration of the old high
before entering a day later. Hoping it will see some follow through for a 95 pip scalp the second time.
I see some upside potential in DASH, due to the following signals:
1. Momentum Pinball shows very oversold levels, which historically has led to a good sharp rally
2. The ANTY is triggered today on a break of yesterday's highs.
3. The 1 hourly chart shows a clear spike on opening bar for the week, and volume interest is Higher than average.
Looks like its bullish run may need some consolidation,
anticipating due to daily candle reversal after GAP to new high failed and old high penetrated.
I may hold this fora week if follows through...
tight stop loss above recent high...this seems like a lower probability, but also low risk trade.
This is 'The Anty" signal - looking for a new up-trending slow line on modified Stochastic,
followed by an oversold on fast line, looking for a little hook upwards, confirmed by breaking previous daily high.
If breaks it, I will hold for 80-100 pips. Tight stop below most recent low.
This is signaled by The Anty - a modified stochastic showing oversold on swing trade for a few days rally;
It is also a Turtle soup signal as new 20 day low, but failed bear breakout with confirmed reversal on daily chart.
technical reasons - there seems to be a recover in price by rallying past previous low, and after completing corrective legs
fundamental - Goldman Sachs have a BUY rating with target of $14.95 over 12 months ( +37%)
good probability of this credit spread- with 5 weeks until expiry there is 'time-decay' on side
This is a new 20 day low failure of breakout - with a confirmed reversal on daily chart ( high of yesterday broken) to upside.
Obviously risky as counter-trend, but high risk is compensated by tight stoploss -77 pips for +225 projection and
volume point of control line target. Also equals last rally on dailies.... ( Double drive theory).
With the ANTY set up - oversold on modified Stochastic, and new up sloping slow line,
possible buystop entry if breaks above Friday's high. Expect a 'pop' with short covering of at least 90 pips...
stoploss below recent low -65 pips.
This potentially could form a 2nd higher low on daily charts, which ceases to be strongly bearish and attracts buyers.
OSH - seems to be well placed for accumulation; I'm just looking for a better entry price...the energy sector chart indicates some scope for further C leg downside correction. So waiting for OSH to test recent low. I figure the following entry technique:
1. in about 1-2 weeks if corrects lower to about 3.00 sell a bull credit/put spread Aug ( I'm looking at 3000...