Broadening Wedge partial fall to F would be bullish. Currently, we are at the bottom trendline of a rising wedge so expect a slight bounce in the next day or so. Very soon, we should fall out of the rising wedge retest the trendline and fail. Judging on other stocks I've charted such as $CIT (see below) we could move into an H&S. I expect we could fall down to...
Good Morrow Traders,
Monthly head and shoulders forming from the gods. Looks like we may just be topping out here on the right shoulder.
If you don't buy some puts on this to take a shot at a big win I'll be pissed. NYSE:MAN
Remember you do not have to take a lot of risk here to make money. Lose small, win big.
Hoping for another Dave and Busters 2000%...
Megaphone 5th touch could fail...getting high on daily RSI. Looks like we could drop back to form right shoulder on the monthly chart.
Breakout or Pullback? Comment below and let's get some TV sentiment, thanks.
Taking a big picture look here it seems we could have a left shoulder and head formed on the monthly. Now it would be time to go into a lengthy development of the right shoulder.
Anyways based on this chart, long-term, I'd be short on Nike but let's see what happens. This could be an indicator of Tariffs to come.
We broke out as expected and pulled back to the range noted in my previous post.
Let's see if we can bounce here off the massive triangle trendline and take off....it may take some time.
Thanks and hit the follow button :)
See previous earnings with Reverse H&S similar to today's.
Both going into Monthly H&S, so we think after a nice pump from Reverse H&S B/O this am and a big profit we will be able to move to the short side with some very cheap puts. The green line (lower priced green line) is the measured move, but we will prob fall a bit short and then start reversing.
Hey everyone, we broke out of this triangle finally as predicted previously. Short-term we have a weird H&S breakdown on the 30 minute so .43 range makes sense.
Imagine we will be able to catapult higher soon. Target is .89 cents, let me know if you agree or disagree, thanks!
Well, we have been crushing earnings.
I think FedEx gets crushed as well, either it's a big mover so the smart play is to straddle.
I'll have puts on this one though with this setup.
Let me know what you think, thanks.
Rising wedge discovered weeks ago, but now we are coming into an apparent H&S. I'll continue to track this one.
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So we netted a 2000% return on Dave & Busters puts, let's take a look at another bigger name is a small earnings group of mostly no names.
LULU should be a good play. STRADDLE this with some options.
I'll give us an upside potential of $183.00 and if things get ugly a downside target of $133.00.
Let me know your thoughts in the comments below and have a great day.