MarketMotion

MarketMotion

Good setup on weekly bouncing offer lower uptrend line, above all EMA's, and looking to follow this curve up towards top red resistance line. In the mid-term, a 5 wave count should push this higher towards $65-$68 imo

MarketMotion

See Chart for levels of an anticipated B wave into red box above.

MarketMotion

See chart following the double bottom and my projected Elliot Wave Pattern

MarketMotion

STEM - 12/17/21 20C - $3.40 PT: $26.86 - $$28.45 SL: $20.50 --------------------------------------------------------------------------------------------------- Long Term Leaps for Larger Move: 01/20/23 20C - $7.25 SL: $20.50 PT 1: $56 and Final PT: $64 - $78

MarketMotion

Overbought on the daily and reaching top of both daily and weekly channels. Not to mention printing one ugly bearish weekly candle. Looking for a pullback towards $51-$52 area but will need some market weakness to happen. 54.50 - 54.80 support will need to be broken as well and where I plan to reduce 50% of my short position from Friday.

MarketMotion

Continues to struggle and after last weeks candle, it looks like a good short candidate now into the green zone below between $194-$205. I would look to enter some 1-3-month out $210/$215 puts. $232.10 remains a strong resistance but this is likely the last leg down for Boeing and I am not going to miss the move it has into it's major wave 3 so once again, I will...

MarketMotion

Bullish scenario: Quick weekly or two week out calls towards 3,473 - 3,546 into the neckline of this double bottom pattern where we had three strong bounces from the daily volume demand zone. Pivot area for quick swing play would be above 3,400 resistance. Bearish Scenario: A good area to take position for a pullback would be at this redbox zone - 3,473 - 3,546....

MarketMotion

Is just one you're going to have to have some exposure to. If the market weakens and pulls back some, this is to be bough. Look to take longer dated calls ATM (at the money) on this C&H breakout. $117-$124 should be very solid support on any weakness. PT: $192-$200

MarketMotion

Big breakout from 5-month consolidation channel and Ascending Triangle. Anytime we get a breakout from consolidation channels like this, we want to measure the high and low of the channel and add that measured distance to the top of the channel. The implied move here is $120.

MarketMotion

Setting up for a break above March 2020 downtrend line into the top of this ascending triangle. November 22 is the Apex

MarketMotion

I believe we have one more leg down for a wave E unless FCEL can close a daily candle above $7.91. Buyzone for me will be $6.48 - $6.89

MarketMotion

See chart - C&H + EW count shows us a nice setup here for a good long. I took shares but leaps fine too.

MarketMotion

Could jump into some 11/19/21 175/180C's for a quick swing at support here but overall I see this heading lower towards 150's.

MarketMotion

Weekly chart looks good trading within symmetrical triangle. Support levels below are 21.42 and $19.25. Will initiate a 1/5th position here on a 5% allocation. Mid-term target: 48-56 as long as $16 holds W2 low. Longer term target: 68-85 assuming W2 low holds.

MarketMotion

CMPS - Long above $33.77 for shares or options. Personally I would take the December 34/35C on break above. PT1: $38-$40 (trim 50-75% of your position here) - If playing 1 option, I would cut position here and take profits. PT2: $43.50 - $47.40 SL: On break above, my SL would be $33.20

MarketMotion

PENN - Long above $80.20 (we have to make sure this isn't just a B wave bounce into C) & Short below $70.80 into green box. PT for longs: $92 - $101 PT: for shorts $54 - $64.15. I prefer 11/19 or 1/21/22 80C's for longs and 11/19 70P's for shorts.

MarketMotion

Weekly chart trading within symmetrical triangle and wave D. Weekly bullish engulfing showing continuation into next week. I like initiating a 1/5 position here with a max 5% allocation. Entry 1: $17.64 (1/5th position of the 5% allocation) Entry 2: $15.71 (adding another 1/5th position of the 5% allocation) - 2/5 invested Entry 3: 14.62 (adding another 1/5th...

MarketMotion

one of my favorite long term stocks. 2/5 invested here on shares for long term and picking up the 01/19/2024 25C's.