I believe FB is a beaten down ticker that is due for a nice pop/rally soon. If you want to play a bottom reversal, right now could be a good point to go long off the August trend line support. Jan/Feb calls to play it safe. 268 can be stop loss. After all, they are still the social media giant, and it has yet to see a nice pop and rotation. When it comes, this...
Cybersecurity and Cloud Tech stocks are getting some solid rotation today. NET has been consolidating for some time near ATH, and this is ready to explode. If you want to play it safe, 1/15/21 85c or 90c should print money soon. Overhead targets are above, but I believe this is a $90 magnet.
If anyone likes playing WMT, this seems like a good play for monthlies. Forming a descending wedge into the March trend line dynamic support. Reclaimed 9 EMA on the 4H chart and starting to curl up. Trigger to enter is 146.91, as it's the line that has been long-wick rejected two times in the past few days. Breaking this level would also indicate a trend-reversal...
Potential good play for small accounts looking for good options. I personally really like where NIO is at. Just reclaimed 9 EMA on the daily again, reclaimed 50MA on the 4H, with the 9 EMA curling up (should see a crossover soon for a momentum move to get it over the current resistance level). As with all option plays, there is risk, so play it how you would see...
SHOP has been consolidating like crazy on the weekly chart, setting up for an explosive breakout. Setting an alert near the 1110-1120 levels for a massive breakout play. This has the potential to hit 1300+ on breakout of the weekly flag. Don’t miss this one!
DE has been consolidating in range for quite some time and looks ready to pop. ARK has been accumulating shares, and the OI on the 12/18 260c is relatively high. Breakout line and stop-loss has been marked. This play could potentially take some time to play out, but based on the relative options volume %, it seems likely that it can break out this week as long as...
Haven't played this ticker before, but it looks like a solid risk/reward play with decent OI/Volume on 12/18 contracts. Potential Contracts: 12/18 35c 12/18 36c ATH breakout play. The entry trigger is the yellow line above ($35.40). Looks like this one really wants to pop off.
There have been rumors that CSCO is planning to acquire FSLY. FSLY has been a beaten-down ticker due to their revised guidance a while ago. With the TikTok news not being a top headline these days and a CSCO acquisition rumor looming in the air, we can see this massive gap on FSLY potentially being filled soon. I'm planning to enter if it retraces to $90.51 for...
NOW is a ticker that often flies under the radar when it comes to retail investors. With 80%+ institutional investment, NOW is a solid ticker and one that I consider a juggernaut. Even during the September and October corrections, NOW has rebounded extremely quickly and is one of the tickers in the S&P 500 that has delivered almost a 100% return on investment over...
This is the infamous Moonshot blue sky breakout play here for OKTA. Just had news that it is being added to the NASDAQ 100 as well, so this should see a nice pump. Going long on break of 254, with the following price targets: PT 1: 258.89 PT 2: 269.76 PT 3: 279.27 I personally use OKTA for work as well and it is a gamechanger. With large enterprise companies...
Reclaiming 50 MA on the weekly, and the 9 EMA on the monthly, ZAG is looking to gain some momentum to fill the gap on the daily chart. This is a beat-down ticker that is looking to curl back up with a decent risk/reward potential.
BBBY has been a business that has struggled for a long time, especially with COVID impacting their business model. With the world looking to open back up, and vaccines coming around the corner, it may be time for BBBY to regain some momentum. The monthly chart has the price reclaiming the 50 Period Moving Average, with the 9 Period Exponential Moving Average...
RKT looking to pick up some steam past two days. BlackRock picked up a large position in it, and it has been staying relatively strong to the broader market. Even today, it held up quite well and was able to reclaim the 50 MA. If the market bounces tomorrow, or if RKT is able to clearly reclaim 21.60 level, we can see continuation in this inverse head &...
SMAR looks like it can potentially be a good ER run-up play (12/9). Historically, it runs up hard towards ER and dumps after ER report. If there is enough momentum, it can break this triple top and rally up another leg into ER. Entry trigger is on break of $60.82.
SAIL looking like a potential blue sky breakout play. Been consolidating since September Entry trigger is on confirmed break of $49.87.