I love me some $GME.
We've got some technical 'scallops' forming here. It's going to pop, but the intensity will depend on the 'catalyst narrative'. Typically, timeframes to hit targets for triangles is 1/3 the base forming (puts us at $290 w/in 80 calendar days. aka CHRISTMAS).
Wait until $180 to buy on the pullback, or you could wait for the technical...
My friend was asking me about Barrick Gold so I threw together this little chart. He had a ton of fundamental analysis about why Barrick was a good play, but this chart says enough.
Puts on Barrick Gold while Gold continues to trade weak down this channel. Considering longterm we're bullish on gold because of this decade long cup and handle, we're now...
Hey friends. One of my friends (and 100% a 'boomer in the making') was looking for some info on BABA. His strategy is always "BTFD" , and he holds very the long term.
Looking at $BABA through a bullish perspective, it's in a decent oversold condition with a defined risk/reward. The weekly candle is a bullish reversal 'doji', and we're below the forming...
Considering JPM recently released their views of Cathies outlook, I did a deeper analysis for some bearish PTs. Seems like 88 is in the cards!
I find it's best to invert the chart. I used fibs, then fib extensions, and some MA's, plus an anchored VWAP. I think we're going to get this quick bounce to 122, then we're going to breakdown. Stop is at the 0.61 fib of...
Oil, Oil, everywhere, and not a drop to drink.
Pretty obviously breakout pending.
Position:April 16 $5 Call contracts at 0.60 each ($60 each).
PT1 = $6.82 (sell 2 contracts of 3). Potential gain of 300%.
PT2 = $8.26 = PT of 500%
Stop loss at $4.44. We'd likely lose around 50% of the initial investment cost.
Conviction of around 85%.
Lots of chatter about $CLOV.
It looks really good from a r/r perspective. Using the gamma divergence zones from spot gamma, plus some fib-ext and height of flags, near term target is $20. Stop loss of $13.30.
Wow, def digging this stock....it's like the $AMZN of $AMZN. Anyone hear of this "China" company?
Fundamentals seem decent. Lots of employees. Low costs. Not sure how EBITDA translates into Mandarin, but it seems like an easy long to me.
23,000 in the next 18mo.
This chart says enough. The fact it's a spicy sugar daddy joke makes it an even better.
DXY looks like it will continue to fall. My broker gives 12x leverage, so if it sugar hits my target, it's around a 6x return. That means sugar is a buy and hold.
Fibs, moving averages, keltner channels all indicate a buy.
Good luck out there.
Just listened to a great interview on the Market Huddle podcast feat. Michael A. Gayed from the Lead / Lag report. Great interview!
So one of his leading indicators discussed was the LBS/GLD ratio and it actually correlates quite well. Although it predicted the 2018 Christmas crash much more distinctly (with a slight trend break down to the trend line false...
TLDR: USD⬇️/ BONDS ⬇️ / SPY ⬆️ / Inflation ⬆️
Eurodollars are USD holdings by banks outside of the US (ie. outside of the reach of the Fed). They're the evolution of banker's acceptance notes, & used for interbank transactions. Think of it like 'electroninc banker dollars'. Eurodollars make up 90% of all international loans. $GE1! (their futures) are the...
I am very bullish $SJM. However, (mid day as of today), it's pretty weak price action. I'd like to test the best entries depending on varying systems. What is $SJM's personality?
Long term my target is still 138 by February 2021. We'll see.
Here's my original analysis.
Someone told me this was on their watchlist, and sweet jeebus! This thing is textbook. Price target is 190 by Christmas.
It seems like we've got 2 days of consolidation, but I think the Jan 15, 170 or 175 call would be a very safe play. It's sitting somewhere around $2.50 right now.
Watch for the 'wave e' maybe done to 150.60. It's a 100% buy if we head over...
Sure, this may seem like a sleepy name, but we're on the verge of a breakout. I entered $510 Dec. 11 calls last Friday.
I see this popping to 510 then 522 likely this week.
I haven't looked at OBV, MACD, Ichi, but I know once we get above 492, we're heading to 524 within 5 trading days.
I'd highly recommend checking out NFLX on Spotgamma's Equity Hub, as well...
Just look at this chart!
If you wanted to get an absolute filthy fill, you'd wait for that touch or break (wave E) to just below 112 then LOAD THE BOAT with Apr 130 calls (currently at $2.60, but you can get them for cheaper)
I see some volume on the 110 12/18 Puts that were bought earlier this month (when price was 117). I def think we're heading down then...
I'm very bearish on Lowes. Here's my bear case, a counter bull case, and finally how to trade it.
Textbook head and shoulders (source). Volume is increasing from left too right shoulders followed by a huge spike inciting the break of the neckline. This is now retesting the break of the neckline. We've also got some INSANELY negative chalkin money flow...
AMD has already broken out.
Sure, they process the infrastructure for China's Big Brother surveillance state, but that doesn't mean we can't make a buck from our own oppression. That's STONKS, BOYO.
Check out the volume shelf. Is this hits 87, we're heading to around 115-120.
I think $90 Jan calls are a good play.
Don't get it twisted
This commodity rise is mine, fellow investor
It's not a QQQ game
Forget what you've heard about lack of infrastructure spending
It's what you hearin'....the market knows
X gon' give it to ya (what?)
Forget waiting for you to get it on your own, X gon' deliver to ya (uh)
Knock knock, open up the door fibonacci levels, it's real