GLW is approaching the bottom of it's long-term wedge in the $28.80 area.
TWTR has been rangebound for a while and looks to be attempting a breakout above $35, which could ignite a rally and FOMO buying up to $55 or so.
Semis are severely overbought and MU has outperformed the recent bull run this month without any uniquely good news for them, so I expect MU to give back it's gains on a pullback more than average. With semis overbought, market uncertainty into next week, and weekly options expiring tomorrow, I expect a decent selloff tomorrow. Tomorrow would be great timing for...
DIS primed for a sharp bounce from $100 to $106+ this week. Weekly calls at strike $102 are only about $1 for a 300%+ upside if this plays out.
DIS primed for a short bounce from $100 to $106+ this week. Weekly calls at strike $102 are only about $1 for a 300%+ upside if this plays out.
NASDAQ is ready to bounce at support after a Hefty 20% correction.
MU would be a good short between $41 and $42 as it bounces off of the top of it's id-term downward channel.
TSLA's been resistant to fall the last couple of weeks and is retesting it's resistance level at $350, but seems to have the momentum to break through.
Nov 30 calls at strike $51.50 are $0.10. If KO continues it's trend from October 26th to Nov 30, KO calls at strike $51 will reach $1 for an upside of 10x. Since KO is only 1% from the bottom of it's trend, one could sell at a 50% loss tomorrow if it breaks it's trend for a resulting Risk/Reward of 0.50/10. In my analysis, this play has a 20x greater reward than risk.
TSLA has once again bounced above it's long-term uptrend and with such pessimism, the stock is at a discount. Model 3 success will likely help TSLA break out a couple of quarters from now. Given how much premium the options hold, the best play would be to sell puts. By selling the an puts at Strike $300, with about 10% premium in them, TSLA would have to break...
Growth in China SBUX same store sale are expected to increase over the next few years as China's middle class doubles, but are currently flat to slightly negative. In spite of same-store sales in China falling, SBUX revenue is up 20% in China due to the opening of new stores at a rate of one shop every 15 hours in China. China has recently partnered with...
As the amount of data shared continues to double every two years, memory is a constant and increasingly needed commodity. Memory's super cycle has come to an end mid-term, but will return within the next year or so and be larger than ever before. I expect MU to drop to $30, even with it's $10bill buyback, as MU management has no incentive to pump their stock...
DSNY is primed for a great bull run for the next three years, as it ramps up it's subscription streaming platforms. Seeing that NFLX's market cap is valued at roughly the same as DIS, one can see how much premium Wall Street could give Disney's online streaming plays. From a chart perspective, DIS recently broke out of a wedge. Given DIS out-of-the-money call...
GPRO has created a wedge with clear support and resistance areas, as well as long-term uptrend. The wedge is coming to an end and I believe it will break up significantly.
CRM is nearing strong support at $150 and has recently bounced strongly 3% of of that support yesterday. CRM looks to have also created a steep bull run in the past year. Given the increase in momentum and no real concerns from analysts, CRM has a good chance at touching the top of it's channel come January at the $180 area. The January calls at strike $160 are...
NVDA is approaching it's key support level $250-$260. There are no practical concerns regarding NVDA's earnings going into next year, so I expect NVDA to approach the higher end of it's long-term upward channel around $330 come January. The January calls at strike $290 have a decent risk/reward ratio, as if $330 is achieved at expiration, they'll be valued at $40...
MU has bounced off of the bottom of it's short-term trend at $51.5 and continues it's trajectory. We could see a break up to the high $54's this week. Options expiring this week have little premium, so there's a clean way of playing this uptrend.
Traders seem to be under the impression that MU will, for whatever reason, miss earnings on September 20th, but there's no reason to suspect that at this point. I expect MU to continue it's long-term upward trend with a nice spike above $55, perhaps after earnings on the 20th.