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.
QQQ hit near the top of this bearish channel and reversed. HMA has curled down and about to crossover (bearish). Expecting more downside this week, as low as 355 (support). Go short!
If NVDA can stay in this bullish channel, go long, but if it closes outside of it, we short. Stochastic is overbought so we might just see a cool down. Watching for direction.
Its been a great recovery week for PAA as it fell out of the bullish channel in the beginning of the month but as predicted, it has bounced back, hard! Bought Jan 26 15c for 1.10 last Friday. Currently worth 1.52 representing a 38% gain in a week. Although its been a great week, we are nearing over bought territory and want to lock in some gains. Will sell once 9...
Vista Energy has been in a bullish channel since Sep 2022. Currently up 177% YoY. Expecting a pull back to 28 as it has hit the top of the channel. Trade idea: Nov 15 30P 1.80 If 28 hits, that will net over 100% profit (31-28=3x.63 delta=1.89) Earnings are Oct 24. Will close trade before then.
Trading View keeps taking away my indicators so I'll keep it simple: The trend is your friend, keep following it up. Long here. I have 445 calls for next week. Good Luck!
Waiting for a pull back here and then loading up on dirt cheap $15 calls for 2025 and 2026. Price action to 18 will pay 300%. Was unable to get filled when trying to sell when it hit $16, still holding up 35%.
Friday we closed with a classic reversal doji, HMA crossed over, stochastic crossed over and we finished the day above 247. Very bullish here.
Tesla has been opening and closing between 240 and 246 everyday this week. Was 2/2 in TSLA trades this week; playing both sides. Waiting for a break below 238 to go short or above 246 to go long. On sidelines til then.
Until this closes above resistance, I will be short. Holding Nov 3 170P, but sold 167.5P for 60% profit at open this morning. Good luck!
USO has been in a very bullish channel since the early summer. Waiting for a pullback before playing options, but holding a diversified position in Oil and Tanker stocks. Buy and hold here.
We are back in this extremely bullish channel! All indicators point to up except volume. Just waiting for another 30M day in volume to reach that middle point in the channel. Thats a 40% gain. Holding March 10 calls. Adding more to my position. Join me!
QQQ closed above 357.50 resistance from June. HMA and stochastic crossed over. Volume was 10 million higher than the 48M average. Friday should be full of volatility, but I will holding my Oct 20 360 calls regardless. Good luck!
Was predicting a bullish reversal on Tuesday, boy was I wrong. I made a small intra day short. Heavy support at 415 back from March 2022 and many other times as well. No position at this time, but learning bearish.
Closed below support and neck line on Tuesday. 155 is heavy support from Feb 2023. Market beadth is bearish and Apple is market... I have 167 puts for next week as well as Nov 170P. Good luck!
SPY bounced off strong support from Oct 2021. Bullish piercing line candlestick. Bullish crossover on stochastic. HMA hasn't crossed over yet, but buying after bullish reversal on support is a high probability trade. Go long Tuesday morning.
Flirting with the neck tie and support at 173.96. If we lose that, major support is at 155 back from Jan 2022. We need a close above 180 to go long. Until one of these levels is broken, expect to trade between 174-180. Wait for price action to tell you what direction that will be.
We broke out of the bullish channel and fell hard this week. If 240 doesn't hold, next stop is 214. All indicators and price action are bearish. I currently have 250P Oct 6.