similar looking chart to BBBY
e-commerce retailer breakout, blast off and rocket away we go
Not sure if i will play this as I have so many plays on my portoflio on the go already but considering grabbing maybe 1-2 calls that are 3 months out just to test my theory on whether my TA is right
tight stop loss just under the breakout incase my idea is wrong
WMT just hugging the bottom of the channel
broke the falling wedge bullish
looks ready for a run up the channel
going to buy some ATM calls for 45 days out tmr
and sell some weekly calls against it
will likely take on 5 calls
Most people promote cash secured puts as being a fool proof way to make money and I believe 80% of it because there are events such as this that doesn't get published much in trading schools or learning materials
With such a high win rate associated with selling puts, its easy to think you will never ever get assigned or lose a trade.
But this is the exact time...
its all going to come down to the earnings event on jan 7
trying to think of a way to play this safely but its tough b/c earnings are just a binary event
we have a gap to fill down below or an opportunity to break out of the wedge
company itself is questionable in terms of fundamentals
very short term play
we in consolidation now - this looks like a good area to swing it
I suspect FDX will form a head and shoulders pattern - this is the R shoulder forming
not a bad spot to swing some shares.
very tight stop loss just cause... makes sense
they reported some block buster car deliveries and I think wall street will be delighted tomorrow
Watch pre market gapping and gaining, and then a flood of buying to open the market at 9:30 and break 50$ resistance.
a 50$ break up is an very bullish reaction to this triangle consolidation, expect the euphoria to run all week
I think I will start a buy-stop...
long term hold here, but would use some options to reduce cost basis
Likely will just buy 1 call leap in my retirement portfolio - just set it and forget it
Haven't checked option prices yet but technical set up looks good
Fundamentally great company, people love their products and price point - fitness industry is only growing and the pandemic likely would...
Missed my entry earlier this year when it was trading at the bottom of the channel and then missed it again when it broke out of the channel
Originally I was supposed to get in at 99$ after watching its IPO debut
Stock is now taking a breather and consolidating into this ascending triangle pattern in my opinion and I will stalk it for the next breakout
look at that weekly consolidation - ready to pop and blow up
long above 55
stop loss at 52$
I'm personally going to be buying leaps on this name - a weekly break above this super long consolidation is a bullish reaction
normally we find that we fail after testing resistance the first time, 2nd time and 3rd or 4th time usually breaks through resulting in a new...
Sundial growers is a MJ company
Rumors that CGC is going to buy them out/merge sometime this week. Don't be surprised if they agree and say they're buying this company for 1$/share or whatever the valuation is at. Going to pop hard
Amazing R/R set up
On monday I'll see what the price action is and make an entry based on what I'm seeing
Held support like a champ
Daily looks choppy but weekly gives us a way better view of what is to come
May re-test but broke previous ATH is a significant reaction IMO
we may chop around a bit at the newly created support but I see this going long and strong
Can play the move as
buy limit: 16
target: to the mooon! clear sky breakout, you monitor...