Ubuntu_mee9

Ubuntu_mee9

Nice breakout today on decent volume. Technicals can support move higher. See if retest of 36.33 breakout level on any weakness to initiate position.

Ubuntu_mee9

Watching this with 80 as clear resistance on continued strength in Oil group. EPS on 30th.

Ubuntu_mee9

Back to its breakout band... needs to hold and rise here. Oversold Stoch favor a bounce, but need RSI and MACD to improve and curl up to sustain move.

Ubuntu_mee9

Just waiting on MACD to kick this move higher... beautiful squeeze here

Ubuntu_mee9

BB expansion with lots of room to rise in RSI and Stoch. Likely to at least test 0.382 retracement of the large down move.

Ubuntu_mee9

Possible expansion of BB to support increasing price action - increase in RSI would be beneficial here. MACD and Stoch support price increase.

Ubuntu_mee9

Scenario 1. Drops to tag BB and then goes after EPS Scenario 2. BB rises with price to support it Also note that the move usually starts before EPS, so next week should see price move up. Disclosure: I am long APR 127 call expiring next week

Ubuntu_mee9

I love the stock, and have played it to upside often but think it is extended here now. Last time it was this far away from 8 EMA and RSI this much into overbought range, it did correct strongly. Not that I expect that kind of correction here, but expect some rest or retrace. Good candidate to sell call spreads with time decay accelerating on monthly options.