Unless something changes in the final 1.5 hrs today, every day since Monday has seen a higher low. Price has been bouncing around sideways and today is thus far an inside candle. On daily, price has not even retested the 10sma yet. *** I bought 4Feb 440 calls - there has been over 10k volume at this strike today. Stochastic and Directional volume indicators...
Same chart I have been using, used for a call trade this time. Well I hope someone caught this beautiful call entry this morning. I will buy calls for a day or short swing trade. How convenient that as price hits the yellow support line, there is also news of ARK ETF buying TSLA. On daily chart, price can also take support from the 200sma (purple line). On...
Stochastic %D is headed lower on all three charts. I will probably remain bearish until SKEW and fear/greed indicators signal "time to buy" Left chart: > daily 10yr yield may be a double top and it comes down from here > markets are positively correlated with yield movements for now > yield is at 200ma resistance on weekly chart > yield will respond - how? - to...
I am reposting this chart (original is linked) with a dashed line and arrow noting the gap below 845 that still has to be filled. Between the daily and weekly charts, you can see the context and then look for day trades. Since options are expensive and theta decay is strong, I mostly do day trades on TSLA towards the end of the week, using weekly options. On a...
FB hit resistance at 306. See linked chart for the trade idea. Buying swing puts for another move lower. will use 18Feb expiry
I bought puts with DIA around 340. On the daily I want you to notice how %K (green) chops around as %D rounds down and back over 20. While %D is below 20, a good time to buy puts for more downside is when %K is over it (especially if stays under 35). Notice in this recent market drop, the green line went over orange yesterday and is back down today. There is...
I am buying 18Feb puts with IWM over 202. Most volume is at 188 and 195 strikes. I will exit if price gets over 203.50 204.50, 205. Then I will wait and see if IWM moves up to 208-210, or all the way back to daily 20sma, and start a new swing trade. 30m chart shows consolidation wedge, which I am watching for break downwards. Arrows show indicators will move...
Call it whatever you want, these are consolidation triangles. I have seen more that look like the rising type as in COIN, and here you can see a descending triangle in DASH. In either case, a breakout makes a great trade! I would definitely pay attention to the 30m timeframe right now, even if you use 5m for day trading then this gives a nice context.
SWING TRADE Price opened in the "buy zone" that I had marked in my earlier chart (see linked chart and comments) and my good till cancelled call trade executed. I added calls when price was around 190. DAILY CHART > White lines show a zone that can be used with 30m chart for trading. > Black lines show bullish divergence. Usually after this divergence there is...
This chart provides an update to my trade notes from Friday - the chart is linked. As Bitcoin falls more and there is premarket selling, Coinbase stock price has been at the green spot on the chart. I added this purple line to last week's chart to show a lower support, and price has been holding here premarket. There is a relief rally coming. I am not buying...
With volume this high - see chart - and only in the first hour, there is heavy fear selling. Indicators show a bounce will come, so use less capital and hold through the turbulence. In the time it took me to write one line, $DJI went up over 100 points! I say this to stress that your trade value will fluctuate in a volatile market, so manage your capital! The...
*** I am buying calls with price below in yellow support zone and will exit fully before 27 Jan. market close (earnings). Daily chart * price is at 156.70-158 support, which matches with the 100sma * people may be eager to buy this stock before earnings * RSI rarely moves below 33.33 and it will lead to a bounce * price is far from 20sma and will revert back...
If Monday afternoon through Wednesday sees a market bounce, TSLA will rise fast. Calls are expensive and IV will get higher each day so I bought only a few contracts and will sell at least one today. TSLA has been perfect according to my previous chart. I am not holding this through earnings.
Puts have done very well on small caps (chart is linked). Now indicators, especially RSI, show that selling needs a pause and IWM can rally up from here. I bought weekly 198 calls and will exit between today and Wednesday. For this trade I am making a full exit if price breaks 191.
The gray lines on chart mark a channel. Price should move to bottom of channel, and then we see if it breaks lower or moves up. On RSI you can see two failed tests at 50, and looks bearish for now. I bought 18Feb 290 puts.
In my previous chart (linked) I gave notice of IWM breaking down from its range. The upper gray line marks the lowest close of the sideways range, and the lower line marks the dip last January. There is a lot of air underneath. I took profits on the dip to 205 yesterday. Today I bought 18Feb puts again at the 208-209 resistance. Now looking at 198 break, then...
The story: * TSLA started 2021 mostly rangebound between 830-880 and then continued lower for the first half of the year. * On 24 Jun price went over the green resistance line and started moving up in a channel (yellow lines). It gained momentum, rising over the channel and holding it as support. * In October, price made a parabolic rise up and has been much more...
This is an update to previous chart (linked). I am looking at strikes between 250-280, 18Feb expiry. Price should drop into "buy zone" if cryptos crash (this week). The red dotted line is also marked on previous chart. I think buyers will rush in and move price back over the line, and I do not know if price will actually come all the way down into the buy...