Boeing showing some serious signs of strength in these hectic markets, I will ride the wave!
Today was instrumental for Boeing, breaking through three important levels:
Fib retracement from pre-covid highs
Upper bound of downtrend (black line)
Psych zone (purple box)
30min chart to see that buying strength:
Hey traders, here's my play on CRSP
I added more shares on Friday before close which brought my average cost slightly down to $168, will keep adding if we go below $150
Earnings + pipeline update (CTX130, CTX120, & CTX110 in sight)
Potential reversal Friday before close
Hammer candle resting on 50ema after a major sell-off
Hey traders, today ill share my trade plan for XPEV:
46.19 fib line cannot be broken
Big volume must confirm upward trend
Using earnings as catalyst
Nio + Li sympathy
I'm currently in March 5 50c and looking to average down today so long that the above conditions are still in motion. My gartley is little bit over extended, my PT is...
Hey all! Decided to post something a little more educational rather than the same old chart. This post will cover the morning doji star along with how I'm playing SQ for the coming 3 weeks.
The Morning Doji Star:
A morning star pattern is a 3 candle bullish reversal pattern that occurs at the end of a downtrend (market bottom)
It is made up of a long...
Hey guys! I've spent the last 4 weeks pretty much exclusively playing options to capitalize on the market chop and the volatility, first 3 weeks I did very well however last week I lost ~40% of what I made in those 3 weeks because I got cocky and played options based on speculation rather than charting. On Friday I decided to transition back into swing...
Here are my fib lines for FUBO as requested:
(x) On January 12 some resistance at 32.37 then once cleared it shot up
(x) Today resistance at 38.12 which broke out for a few minutes then ultimately failed
Using the 3min chart I'll explain how to avoid a fake breakout and my next play on this chart
First and foremost, during the first 30min to...
Hey guys, sorry for the lack of activity been really busy with work, GMAT studying, and day trading!
So, as a lot of people may (or may not) know, online gambling/sports betting is a hot topic recently, in recent news Michigan and New York have made moves towards it's legalization. Taking into account COVID-19 related implications on governments, sports...
Here are my levels for Tesla this week:
(x) 880 clears and we gap up I'll be playing 01/15 or 01/22 calls, not sure about the strike yet I need to see the premiums once come Monday morning
(x) Below 850 ill be playing 01/15 820p for a day trade, I will not hold it longer than a day
I'll be playing options for Nio this week
(x) Above & clear of 59.23 I'll be playing 01/15 calls between 62c and 66c
(x) Below 57.20, I'll be playing 55p or 54p, however if 57.20 acts as pivot and we hold this point I believe we will be above 62 by end of the month. Consider playing 01/29 66c or 68c
Looking at the black arrow we can see an inverted hammer with open above the inverted hammer’s real body and the close above the inverted hammer’s real body, however volume is below average which leave me to question a downtrend reversal. Momentum is fading, but I remain confident Apple will post a monstrous 4Q20 earnings report.
Although the graph is...
Here's an updated chart for RIOT, trimmed my position today at $24.50 from $16.88 earlier this week for a quick 45% profit
BTC is looking really hot so I think the momentum could push this to $28, but I will have fully exited my position by that price. I will wait to buy shares for the long-term when I hear news about ant miner deliveries and future orders, plus...
Was too busy following the news and big tech all day and forgot to check this chart!
ADUS finally broke out on above average volume, will start 1/4 of my position here tomorrow morning
(x) Looking to has ADUS as a portfolio anchor in my margin account, so will not hold more than $2.5k worth of shares
(x) Expecting outperformance this year
I currently own 1/4 of my position with an average cost of $41. We are at a critical point represented by the red line:
Bearish below $44
(x) Add another 1/4 at $39-43, I am not certain how low we will go so odds are once we touch the 150ema on low volume we will bounce
Bullish above $51
(x) It'll take a miracle (or a HF) to bring this back to $51 this week or...
aaaaand I'm back! Swung Nio now it's time for some options and my starter positions. I'm impressed with December deliveries plus dark pool sweeps:
Bearish below $46-47
(x) Start a small position (1/4) at this price level
Bullish above $55-56
(x) Start a bigger position (2/4) at this price level
My game plan:
(x) Gap up above $55 with big volume and I'll buy...
Started 1/4 of my position in CRSP today.
Bullish above 164
(x) I will add another 1/4 of my position at 163 and the rest as the tape progresses
Bearish below 147
(x) I will add the other 3/4 of my position if we drop below this level and hedge with puts
My 3-month PT is 190 fuelled by business updates, more funding, and CTX001 updates
Happy New Years everybody! I hope everyone has taken some much-needed time off and enjoyed the long weekend just as much as I did! (aka wine and food lol!)
To kick off the new year I've compiled a list of my top stock picks along with my 2021 S&P 500 predictions. I took all weekend researching all of these companies and will update them periodically. For the sake...
Hey guys, to begin this analysis I'll direct you to the OBV at the bottom of my chart:
OBV: What is it?
Cumulative index of plus or minus volume days based on change of closing prices. It is calculated as a cumulative total:
(x) If price close is higher than the previous day, add the day’s volume.
(x) If price close is lower than the previous day, deduct the...