Ok here is my prediction on TSLA. This is my plan and what I'm looking for. I want this to trade down to support bounce around make a small bear flag (meaning push the price up for a 2 or 3 days) and then gap down and trap that flag. Then off to the races. This would be a billing paying trade right here
FB looks very weak here. If it can break this last hammer on July 30th then $150 is in the cards again. So, with that said here is my setup - If it gaps below this support I will not enter this trade until 163 is broken. I feel that you could get a head fake or a retest of support before it truly breaks down.
$74 puts look pretty good for NKE out past this current earnings 9/25. They are going to lose some huge sales with this kneeling debacle. And they are going to have to answer some tuff questions on the call and what sales have been since this came out yesterday.
If we can get below 89 this will go to the 100MA on the weekly chart. That is the nearest support
I like this above 25.50 if this can gap above I'll take this trade for a bull swing.
If this gaps above 46 this is a great swing trade. I love this gap and trap coming out of a 3 or so months of sideways trading.
This could be a nice little swing trade to 2014 highs. We had a nice gap and trap this morning with it opening above 49.. People might want to wait till open tomorrow and see what happens today, but I'm going to take this trade to 52 area.
Sorry I didn't get a chance to post this one, but still wanted to show some of you how it happened. It gapped below that pivot trapping longs so I took the trade under that and to the nearest support which was the 200MA. Long term moving averages are great targets for gap ups and gap down trades.
We are trapped under all the moving averages and it would be really hard for this stock to get back on top of the 200MA... I am buying the Aug 150 puts which are about .27cents right now. It still feel a 150 is coming but will buy the target out of the money just incase.
If we can break this 339 this baby is going to fall like a rock.. This is a great option play for people with less cash..
nice swing trade set up... Opening above this gap down from may and trapping shorts to cover. Target the 200 MA above
Watch GM at the open if your going to play it short. It's opening right around the 100MA on the weekly chart. If it can break here it should go right to the 200ma.
I like these 2 exits on DPZ since it broke the 50ma. It needs to find support and one is that pivot and the other is a longer term moving average.
Good for option traders.. If we break this trend line I like these possible 2 exits.. Wait till we break 296 lower wick to get in..
There is a sideways trade going on into earnings which I like for a nice gap up or down. You can play options and play above and below this sideways trade.. The gap down target would be the 50MA. If it's real bad the 100MA, but that would be a monster move.. And you can take anything above the sideways trade because that would turn into a nice gap and go swing trade..
I like this gap up pre market. It's a nice gap and go since it's trapping a upper wick from Friday with huge volume.. And 3 days of red candles. This should run to 130 or maybe even turn in to a nice little swing trade.
Short trap city!!! right now it's opening at 161.. This should run for even a swing trade for a few days. I love this gap and trap!!!!
what a fantastic set up on AMZN.. Any gap up you trap shorts and any gap down you trap longs. If it is lower exit the 50MA that would be a solid support. If its a gap up just trail your stop and enjoy the ride.