Lanmar

Lanmar

Based on the structure I think we could see a move into 95 - 100+ by the end of the month. Watch for some near term resistance though, if there's a pull back off 86 I'll view that as a buying opportunity.

Lanmar Updated 

False break downs like this are very bullish signals.

Lanmar

I never published a bearish chart on Tesla, and I don't want to start just because we're approaching a trend line that represented extreme selling pressure on February and August 2020. But I think it's fair to say some consolidation *could* be ahead. Tesla's been trading in this ascending channel for about a year, so maybe some respect will be given at the $900...

Lanmar Updated 

We have an inverted H&S here on the monthly time frame above a major level representing all time highs in year 2000. That is very bullish on a long term basis. Some people have asked in the past if inverted H&S patterns are only reversal patterns. I've spoken to Peter Brandt (my mentor in classical charting principles) about this several times - according to...

Lanmar Updated 

I am now long from 23.50. This is an update to this analysis:

Lanmar Updated 

Very strong head and shoulders pattern on Michael's + we could see it tightening in a flag pattern just above the 21day moving average: I went long today (combo of options and stock). Also take note of the relative strength today. A lot of stocks are taking a beating. MIK is not. Stops are really simple on this one - below the flag's low / under the horizontal...

Lanmar Updated 

The China A50 index ( click here to see its components ) has been trading in an ascending triangle consolidation pattern for the last 5 years. It broke out in July 2020. From July - October 2020 it's been trading tightly inside a bullish pennant. The last few weeks it's shown relative strength in a relatively weak environment, and now looks to be firmly...

Lanmar Updated 

Republishing this idea as the original was removed last week due to a mistake I made breaching house rules One of my best trades this year was buying Tesla calls just before they announced its inclusion in the S&P (you could find that post at the bottom of these notes). Amazon's price action throughout December is telling me there will be a catalyst that'll...

Lanmar Updated 

Above 9ish can really send this flying. Take a look at these three ideas below with similar structures and key breakouts. They all generated outstanding returns for me. BB: PINS: ROKU:

Lanmar Updated 

Two problems I'm seeing with this stock. 1) A lot of people are asking about it. Too many . This is understandable after a huge run. 2) Every trader sees the same wedge building (and they are not wrong, but traders are usually wrong on how a market resolves patterns). It's rare for markets to appease one sided speculators. I think a shakeout to the high 22s...

Lanmar Updated 

Long the Jan 15 175calls for now as it's retesting this key spot. Really nice r/r

Lanmar Updated 

Above 9.25 could see a nice run and could have a tight stop here. I am long this name from $3. Added Dec 18 $9 lottos yesterday (expected them to expire worthless but looks good now. These are NOT recommended - very high risk) and Jan 15 $10c.

Lanmar Updated 

I expect a breakout in this name soon. For call options I like the Jan 15 230s and 250s

Lanmar Updated 

High risk with these micro-cap names ... but it looks good here.

Lanmar Updated 

Targeting 236. I am long Jan 15 210c

Lanmar Updated 

A bit sloppy but has some energy in it for a big move. Long from 6.8

Lanmar

Looks like we're turning here. Ideal entry at 46.50. Could be choppy before it goes. Light position for me

Lanmar Updated 

Scroll below for My background on silver and three things I learned: You're looking at a quarterly chart representing silver's price history since 1970. A) I'm seeing two bullish chart patterns developing: 1) Ascending triangle 2) Cup and handle B) Significant break of structure: The light blue rectangle highlights how significant $18 - $20 has been in...