This weeek, on February 18th PSTH is to hold it's annual investor presentation. A lot of investors are speculating the announcement of who PSTH aims to acquire before or after this meeting.
An event like this is something I will be keeping my eye out for especially considering the weird movement of the SPAC increasing 50% from its offering before even announcing...
A lot of great investments come from what we see around us everyday, as well as the volume in what we take in.
Evidently CHWY has been everywhere I look. Almost every other house has an empty CHWY box out front, not only AMZN anymore. Viewing from a more technical view on their 1D chart they seem to have broken through their ascending triangle. While they are...
Looking back historically on BA's chart we can see a favored pattern the stock likes to move in. We have seen since the beginning of last year 2 large bullish flag formations. We now have been trending in a much tighter and shorter flag since the middle of November. Only recently have we broke out of that flag and are now testing out our 200MA - 1Hr .
Breaking out of this neutral triangle for the first time where it re-tested support and made higher highs, earnings coming around in 6 days can create a catalyst for pre earnings move to break higher if we stay above this triangle (Green).
Neutral triangle formed, broke down out of convergence point to sit on our 200MA (Green), still chance for a bullish reversal if we do not break through our MA (Red Arrow) and instead make a volatile move similar to the arrow (Green Arrow)
Made two attempts to break through our top level at 590.67 (blue), most likely will see a third attempt soon that can be our breakout point. Will most likely start to build this position far OTM and after we see a break through the triangle (white) in either direction.
Purchased the $FUTU $55 Call a little early and experienced a quick break down out of our bullish declining wedge (blue). Didn't go exactly as predicted but I held -70% loss at one point for a great play coming out at ~135% gain on initial investment by following my indicators and price action levels. (Blue & yellow)
Can present itself to be a continuation play...
Microsoft has been seeing a lot of momentum towards the upside, while still holding intact a 6 months symmetrical triangle. I am waiting for another move through our (green) top ray, and to support upon our (blue) 224.49 level.