Listened to the CEO's interview this last week and he seems optimistic that SHOP sellers are adapting to the pandemic and will come out ahead. Says RETAIL sales fell off a cliff but have seen a slight uptick. Sounded confident could weather the storm like 2008. When this thing runs, LOOKOUT
Keep an open mind going forward Fed stimulus going to throw bears off the trail economy reopening, I can hardly get a parking spot these days more stimulus to the masses for july negative rates still in the toolbox second wave of virus shuts economy down retail masses getting whacked possible ANYTHING IS POSSIBLE
I don't know much or how or why this thing is going crazy but talk about a perfect opportunity if you missed the first leg. Thanks Mr. Market.
Likely blue sky to 409 before 6/30! WHAT?? IDK but I'm looking at 370C for around 4-5 for 6/19 and/or 390C for around 8 for 6/26. If market craters will reassess, not until SPX breaks below 2852 am I bearish.
TSLA got a few downgrades and short was the place to be on Friday. However, TSLA is a loved stock. There are a lot of bears out on this company but when this flies, you want to be long. Looking like another set up to 1155 in the cards. Obviously, if market craters like February and March this will break lower. Will reassess at that time but until then, this goes...
MACD bullish divergence RSI bullish divergence A/D slight bullish divergence Inverse H&S breakout of neckline. Watch for retest of neckline to get long to play it safe. I went ahead and bought 267.5 weekly calls for 3.90. Back to NFLX's favorite levels of 288-290.
Does this follow SHOP and break out to ATH's? Target $722 This is accredited to an amazing trader.
Currently in the upper half of the ascending triangle. Bearish divergence remains intact on the RSI and MACD indicators. Historically, these divergences play out in a large draw down. Especially if the MACD cross below confirms this month. Could continue the rest of the month trading above and below or just drop off mid month. With a chart like this, it is hard to...
5-8 hour long set up, you can see the price glide right into a BIG zone of resistance and a monthly bullish trend line. Eyes are on the RSI breakout with lots of room to run.
Check out the monthly long-term trend since the very beginning. Tracking the duration of the expansion and contractions of the price movements, we see there is definitely a general pattern here. Not an exact science but intuitively you can see there is an ebb and flow that trends upwards. 5-6 month expansions followed by 7 month contractions. We are at a point...
So here it goes, my first publish ever in the history of my brief life, on anything. I'm simply posting because I want to document my trades so I can improve them as time goes on. I look for stocks whose earnings momentum carries them higher. Looking for sustained buying/selling programs and earnings surprises to the upside. I don't play the downside. In THC's...