This is the earnings play i have going on. Yes, it's probably not ideal to go in this week with all the election chaos that will undoubtedly affect the market. It's very high risk. So I'm executing an 8$ straddle 3:2 ration because I'm bullish. TA: Looks like a 5th wave development in progress. The oscillators aren't too convincing though but if it can break 9.50...
BA was about to break out of this Descending channel until news broke out about the 11% delivery drop. My oscillators and pointing down, the EMA's are about to cross, and with ER around the corner which is also expected to be bad i'm shorting this already with a $165 P DTE 10/23. I'm looking to sell this around $155 in the near future. Maybe the day after ER. We'll see....
Looks like a breakout is happening from the symmetrical triangle. Check out that channel. Will it pullback? ER will decide that but I'm bullish on this one. I have a 3:2 14$ straddle on this one being that I'm not 100% on this (am I ever?).
So many ppl look at this chart differently. My take is the obvious. Check out this channel that nio almost broke out of twice. Both were over 3 points and it looks like it's gearing up for another attempt. and if the past is any help that's at least 3 points from 22$. My contracts already have been making money but i might take some profit at 25$ and let the rest...
I'm seeing $BAC give 2 attempts on breaking out of an ascending triangle. Was the breakout successful? Judging by the throwback and bouncing off support (old resistance) it would seem it on it's way to pass $30. Yes yes i spotted a cup and handle as well and the oscillators look bullish too.
While the oscillators are looking pretty neutral its a no brainer what everyone is going to be talking about on Monday and that's without any tweets from Elon. A breakout looks imminent in this symmetrical triangle coinciding with a 5th wave completion. Now the 5th wave should finish around 489$ but we all know how fomo is going to intervene. If it breaks 500$ the...
Some ppl are only interested in the TA and some are only interested in the Fundamentals so here's the split: TA: Here we see Tesla breaking out of a descending triangle and guys it can't go up forever. Hoped some of you locked in some profits but let's talk about the retracement that have so many in a panic. When should we start worrying? For me I have 2 levels...
Lately BA has been the King of descending triangles. You can spot 3 of them and it's been breaking out. That last small one is actually a retracement to the second one's breakout. BA has solid resistance at $190 and support at $170 only today it seems to have penetrated support. I can't help but wonder if BA's beta is responsible. It has a great start this morning...
FB is trying to breakout of a falling wedge and it looks to be either failing at the attempt or consolidating. 264$ shows resistance and I'll be entering call credit spreads 265/267.5 if FB falls to 257$. 245$ was hard resistance weeks ago and it might touch that. I think FB has a bright future so I am bullish long term but for now i see this staying in range for...
It broke out of a descending triangle and looks to start a 3rd (or C) wave. RSI shows that it's not oversold yet so it has some more room which helps complete this wave. Nonetheless a run is imminent and ER should help. If you want to be conservative and not purchase calls, Put credit spreads at the 19$ level has a 20% ROI premium at current prices (hopefully they...
TSLA was about to fall off the rising wedge until they announced their stock split (perfect timing). I see this increasing an insane amount of hype and speculation which will obviously attract more buyers. I'm expecting this to rise all the way to the date of the split. 1800$ doesn't seem far off.
It looks like lyft just finished a corrective wave and earnings wasn't too great for them either. Hard resistance at 33$ so I'm setting my call credit spreads there for this week and if it breaks 29.50$ i'll be buying some puts. Strong support in the 25$ area.
It's in a downward channel and with ER tomorrow what are they reallly going to report? Business is good? With no end to this pandemic in the near term I see more suffering for the gym sector. It can go down to 40$. I miss the gym....
This company was obviously unaffected by covid,it's just a wonder why it hasn't been able to beat earnings for the past 5 quarters. I think this time around it's going to be different. I see an ascending triangle which it broke out of but threw back into it. Volume is increasing and the indicators suggest one more attempt will be made. Will it be enough? On it's...
MFA broke out of a descending triangle into a consolidation period. Looks like accumulation to me. Seeing all the previous ER except the last one it looks like it's going back to normal. I see this hitting 5$ soon. I can only imagine how much they capitalized on the spikes in foreclosures and other real estate that went up for grabs during this pandemic.
Kmx failed to break out of it's consolidation and seems to be returning to 92$. Looks like a quick 4 point move if you can catch it.
Seems like WBA is recovering from their horrible ER. Unfortunately it's currently at the apex of a symmetrical triangle but some last minute buying volume peaked my interest. Looking to enter a position if it hits $42.50, it will confirm a breakout. I'll be setting my alert.