$BAC Few things to note: 1. Rejected a second time @ 29 2. Small $0.50 gap im looking to have filled 3. Looking for a bounce/ fall through @ $27 (set alerts) 4. RSI: in oversold territory - indicating a continued selloff 5. SMI at multi month high and rolling over. Plays: 1. Buy over 29.50 and use 28 as stop loss 2. If is bounces at 27, enter @ 27.50 and use...
$OBSV Fairly new biotech focusing on women reproductive systems. The is not a huge amount of volume on it daily and the price movement is fairly slow and consistent. I circled the "dent" Covid put into the stock... clearly not much at all showing this beats to its own drum. From a TA standpoint, i would really like to see this gap get filled back to at least...
$OXY I dont even want to offer a recommendation on this one. Why? Because the company is literally upside down with debt. See article: www.houstonchronicle.com From my quick analysis, it appears that oil contract that closed Friday of last week ended sharply higher. This carried into the weekend with the OPEC meeting and then into Monday bringing euphoria...
$DKNG Lot of people ready to gamble without any sports going on. Again, this market never makes a lot of sense so this one is going to be fun to watch. Right now, I am seeing the price float around $37.38. However, I think it would be very easy to see the stock take a dip back around the 31.65 level (seen on the right hand side) There is a few things to...
$ORCL There are a million other cloud/tech companies who have yet to reach their highs from 3 months ago that may be a better look than this one. That being said, $ORCL seems to be a safe haven if you are looking to park some money, snag some dividends or buy enough where you can start selling covered calls and not have to worry about being assigned. (Infinite...
$SAVE Play that gap, scalp your 2% and move on. Everything is risky at these levels. Buy @ 19 to scalp to @ 19.80 as i feel its likely to get rejected again at $20 Does not show there is a lot of support until back around mid 14s as we had a big day for airlines across the board. very easy for a rug to be pulled. Either buffet fucked up super bad and we are...
$PLAY Simple plan on a choppy stock: Short if it goes below 15.20 - Use 16 as stop lose Buy if it goes above 17.06 - Use 15.50 as stop loss If it bounces around the 15.20 Support level, you could use that as an entry point. Dont forget to take profit along the way.
We have witnessed an almost robotic systematic trading scheme where we see a 5-6 day 8-10% run up and a 2 day 6-8% pull back. We are currently @ 5 days and 7% up, so buying here would be foolish if you are looking for a long term hold. Ideally, Im looking for a $375 entry point on the next pullback and setting a $355 stop loss if things go sour.
$QCOM Honey, put the wheelchair away, because this baby has got some legs. Little suspect of any tech stock continuing to run in the current event given my notes on how i personally feel about china, the markets and economic climate. However, the gap is starting to fill back from march crash. If it can push above 85.20, I would use that as an entry point for...
$AMD The way the chart appears to be playing out, I would be looking for a bounce @ 52.14 If this happens i would use that as a point of entry for an easy $2.5 scalp back to the .786 fib. Any break below 50 and 48 comes pretty quick. IMO
$VTIQ Again getting rejected at the $34 mark. Safer to wait for a confirmed entry point where you can set stops and play it safe. The repeating pattern for the second half of the month it pop- sideways - pop -sideways - pop - ????? RSi shows slightly overbought area. Game plan: Buy stop: 35.50 Limit sell: 30 Take profit along the way, but it appears that...
$NFLX Mapped out the scenario for a head and shoulders to form See the MACD and SMI about to cross back over to a positive indication for the stock. If this occurs, the game plan is: Limit Buy: 431.50 Limit sell: 442.68 Stop loss: 423.19 63% growth in less than 3 months is a case in it of itself for profit taking.
$chgg is the new college website that you can basically *cough CHEAT cough**... i mean, get TAs to answer all your homework questions for a fee. What college kid isnt going to spend the extra money to get chem 202 homework questions answered so they can pound whiteclaws with they boys. I think with the rise of online college after CV, we get another boost in the...
$MGM Looking at MGM it has gained 215% since covid crash. The high around $19 was instantly rejected a few days ago and we have seen prices fall again. The the question remains.... "how much more value can you try and extract trying for higher highs right now? You are still risking casino openings flop. You are risking lock downs happening again. You are...
$AMGN Massive inverse head and shoulders if you look at the bigger picture. Monster of a biotech company so would consider this a high risk, high reward play especially with options. Its been beaten down after multiple attempts of breaking out. Play it safe: Buy after 244 (confirm IHS breakout) & stop loss @ 240 Take on risk: Limit buy: $237 Limit sell:...
$PEP has been riding in an $8 channel. 2 months of little to no decent price action. Long term - anything in the range should yield a profit. Short term - You can try swing trading this. Limit buy: $133.34 Limit sell:136.72 Stop loss: $130