BABA has been in this bearish channel since Jan 2023 and trading in a parrel channel since November. It is sitting right above strong support of 70.49. If this is broken next stop is 63.22. The slow stochastic is quite high considering how much BABA has fallen in the last two days. If support is broken go short.
Apple has been in a down trending channel since the end of January and is unable to hold any gains. Today it gapped up on news that it is working with Google but faded from a high of 177.71 and closed at 173.72. Follow the price action down. 170.84 is support. If that breaks 166 is next stop, then 155.
After reaching the top of its bullish channel in late Jan, Google traded downward and is now just below the bottom line. If this can get back into its channel, this will rip. No divergence on the Slow Stochastic or RSI and both are reloaded and pointing bullish. Wait for GOOG to close inside channel and then go long.
Here is a weekly chart of Palo Alto clearly in a bullish trend since Jan of 2023. Massive red candle from last ER but closed inside channel. Nancy just bought $1.25M of Jan 2025 200C on Feb 12. You remember how NVDA did for her? Buy Jan 2025 300C @ 57.00
Apple is right near heavy support of 181ish. Back in Dec of 2021 this level was resistance. If this support doesn't hold, it will be dropping fast to 170 and then 155. Apple insiders have sold 4.4% of their positions as of last week along with big names selling (think Bezo SEED_TVCODER77_ETHBTCDATA:4B of AMZN) as well as all of tech being over extended this...
Extremely bullish channel here. Buy any dips. This is were fortunes are made.
Tech sector has been in this bullish channel since November. Wait for any dips that stay in this channel for a long trade. 415 would be ideal.
Currently in a down trend channel, but closed back into a previous bullish channel. We will know in a couple days the direction this will trade in. Wait for confirmation and then trade accordingly.
Well we didn't have the break out we were hoping for (up +10% one day then nothing) but price is respecting this trendline from September. Earnings are Monday after the bell, so as long as we keep riding this bullish trendline it's up from here. Highly recommend you buy shares instead of options as the MM tend to burn both sides.
Here is a weekly chart of Rumble from Dec 2021, clearly in a bearish channel. Although up 40% today, it is still not out of this channel. Wait for the breakout to go long. If it cant break out, short the reliable downward trend.
PLTR has broken out of its falling wedge pattern. Expecting a big week. Going long with some weekly lottos and 1-2 months out. Good luck traders!
After a +60% run from 28 to 46 due to a huge earnings surprise beat Limbach has pulled back right to support of 36.97. +195% YoY Go long with shares or July 19 35C @ 7.3
Text book falling wedge pattern on PLTR is forming. If this breaks out, 20+ is not unreasonable. Wait for the breakout and go long! Good luck traders
Drew these yellow support and resistance lines awhile ago and they are still being respected. A new bullish channel has developed. Its also well know Nancy Pelosi bought $5M of Jan 2025 (or is it Dec 2024?) 120C. Follow the money. Go long!
Still in bullish channel. HMA has curled up. Go long! Buy shares as this is very volatile and can turn on a dime. Wait for trend confirmation if buying options.
Waiting for confirmation here. If we close below 15.86, 13.66 is our target low. Otherwise we trade higher until we get to the top of the channel. Will need to break through that to carry upwards.
Vista Energy continues to trade in its bullish channel, up 138% YoY. Oil took a pounding last month, but with news that pirates are attacking ships, tankers in the Red Sea have stopped making deliveries causing the price to jump 5%. Go long.
Applied Optoelectronics has re-entered its extremely bullish channel that started in June. Volume has been double (average 2M, now 5M) as buyers are pouring in with the projection of AAOI being profitable next year. Technically we are extremely overbought, but the trend is your friend! Go long. Buy shares and hold. Options are over 100% IV.