Developing strategy on Crypto. This is the second trigger point which happened yesterday, confident continuation today. The original trigger was in mid July. Today looking at a some sort of wedge in pricing and an explosion of Volume crossing the MA Vol Line, price passes right through 10 day MA and it's also passing a previous Support/ Resistance line.
Buying some LUV here.
It actually did okay in earnings through COVID. The airline is national which will pick up quicker than international airlines.
Analyst consensus currently is at around $40 which is about a 40% increase from the current price.
Price is currently at weekly support/resistance and may drop to the daily support/resistance at around $27.
Taking a quick low risk trade, trying to catch a low. Looks like it respected the 1730.00 area.
Bigger picture trade. I don't see Amazon e-commerce slowing down into the future, making the down trend and sideways movement something that is close to ending and turning bullish again. Looking to catch the larger trend as well.
The services industry has been trending up, there are some sign of slowing but not much. I may have been lucky but I managed to snipe this one during the market down turns and it held up. Making me more confident and adding more to my position.
Taking a second position for continuation of the uptrend. It was looking like a H&S before I made the first trade. I am...
Just trying to find a decent place to get in. Looking to make lots of $$ here no matter how long I have to wait. This company has picked up a lot of companies with dispensaries in many key regions.
Buying in here. Hoping it a good start
Been looking at re-entering this one for a while now. Unless something fundamental changes I won't be off by much. Stock has resisted the down side a few time and is trading sideways. I like the risk reward here.
I actually have a paper trade for this stock back at 70ish. Not fully aware how intertwined this would be with e-commerce.
Looking at Disney, they broke the down trend on the Daily and Weekly with a decent amount of Volume. BofA put out a buy rating ten days ago. This will all be in focus during their upcoming earnings where it may shoot up or retest the trend line. I'm expecting earnings guidance to be the final push up.
I have two good trades and I'm just getting greedy now.. This is the very top. Let's see if we hit new highs. All short trades given market volatility. Especially this one given Trump's trade uncertainties.