I love the retest from underneath to the 200MA on the weekly.. People are getting all over this company and this retest could be a nice little trap for the next leg down. I have 2 exits with the lower one the Lambo trade!
Don't get into QCOM short unless it breaks the pre market low. This was big gap down so don't get trapped getting in early or right at the open.
If this gaps up and breaks the enter line I like this to the 200MA on the hourly chart. Should be a nice little $5 move on a option..
This is a classic gap and go trap swing trade.. This should run for a few days, maybe longer..
I love the gap down here. If it opens below the entry take the trade and place the stop at 35.. if it opens above take it after the break to the 100ma
CMG look to be trying to find some support at the 50MA.. Just broke a nice little 4 day rally.
Here are your entry's for LYFT - breakout or another breakdown. The last channel of 66-75 didn't hold, so lets see if it doesn't again.
I like this break of support on the weekly chart for a entry with it coming back down again to the 100MA on the monthly. It was there recently and could make it back again. If it doesn't break this support could be a good entry for a long term play.
HUGE gap fill.. I love this breakdown right here and the fact it's FB and everyone hates in public but hugs and kisses at night alone when no one is looking.
Wait for the retest. I don; think this drops like a rock when it breaks. Wait for it to come back and retest. Even if not all the way wait for a pull back at least. Then take it to pound town!!!
So far at 8:13am this looks good. If we get over the entry line this could be a nice little day trade using weekly options that expire today. little rip for 20 some odd bucks is some nice cash on an option trade. Wait for the close of the first 5 min candle for conformation if you have a small account and can't take a hit if it reverses.
AMZN - Lotto play.. If you have the money to play around. You can go out about a month or 2 and buy the 1400 area put on AMZN.. that would put you on the 100MA.. Something to put on your watch list for sure. If we break this pennant it's all bets are off..
Love this gap today.. looking for LOD break and then 42..
This could be a nice little swing trade. I like the gap today. See if it gets over the entry line and if it can not a bad play.
Look for a break of the low on the pre market trading and then to the 200MA on the monthly chart.
Set this trade up and let it play out. I like the breakdown of this daily candle trapping any buyers and then support on the monthly chart.
More bad news for TSLA-- Here is my setup for TSLA trade. She has made me so much money so I expect to make more.