AMGN looks ready to rip. Bullish crossover on the Stochastic, Super Trend is green and price closed above the 200 EMA. Looking for $230+ this week.
DKNG has been beaten down again...Looks like a head and shoulders pattern but it won't play out. Playing a call calendar spread at the $40 strike. Short call expiring 12/10, long call expiring 12/31 for a cost of $81 per contract. Easy money.
Ford looking like its ready to move higher. A breakout of the bull flag will lead to a move of $22.19. Shouldn't have too much selling pressure ahead, Ford hasn't been at these levels since the 00's. EMA clouds look strong. $24-$26 in the near future.
I am playing the same Fib retracement & EMA cloud setup on all my picks this week. Trying out a new strategy. AFRM retraced to the .618 and reacted beautifully. Double bottom at the .618 plus the wick on Friday's candle shows it is a valid level of support. This area has been prior resistance turned to support so that gives me additional reason to believe we...
ABNB had a sell off without a valid reason. The market overreacted to COVID cases spiking but that will be forgotten about shortly. ABNB retraced to the .618 which held up perfectly despite the ridiculous $14 drop at the open Friday. I'm sure market makers had nothing to do with that, they would never purposely manipulate price making tons of options expire OTM...
CZR is cheap at the current price. The market sucks again but I'm going to take this easy trade, it's a no brainer. CZR retraced to the .618 on the fib and proved it was a valid support level by closing right at it with a lower wick on Friday's candle. Buyers stepped in and I expect more of the same tomorrow. All other technicals look awful on the daily but that...
HD has a perfect setup for a bull flag breakout. I expect a huge move at open on Monday setting a new ATH around $380. Earnings is Tuesday though so I don't expect the gains to hold. This is a tricky earnings call because the DOW is usually very bullish thanksgiving week. Looking to scalp the 11/19 $377.50 calls at open. Might even turn it into a ghetto call...
Fubo has been on a nice run lately but I think its just getting started. I expect a massive breakout of this bull flag and a push to $38-$40 in the next few weeks. Great growth stock that is being slept on. Not for long though, FOMO buyers will be plowing in before you know it.
Looking to play puts at the $175 strike expiring 10/29. ADI has been rejected by the top trendline of the channel 5 times previously. If ADI breaks above the trendline on increased volume will look to close position and enter calls. I think this gets rejected again though and heads to $173-174 before bouncing.
PYPL has a history of making big, sharp moves after breaching the 300 MA and this time won't be any different. Loaded heavy on 11/5 calls. Down substantially at the moment but not worried. Calls will PRINT. Nice shakeout today. Paper hands have sold out, clear skys ahead.
INTU looks ready to break into new all time highs. RSI is very bullish but not over extended yet. Good chance this gaps up over resistance tomorrow at open. $585 is my first target price. May wait to get in on a break and retest of resistance.
DIS has a great setup, gigantic bull pennant and multiple touches on trendline. Extremely undervalued, not sure why it is even sitting at these levels but I'll take it. Loading 11/19 calls HEAVY. $210+ price target in 1-2 months.
ENPH looks ready to make a move to the upside. Tweezer bottom reversal pattern with bounce off trendline verified today, RSI curled upward, Increased volume and MACD ready to turn green next week. Looking for $168-$172 in the next 1-2 weeks followed by $180 shortly after.
NOVA has been picking up momentum. Nice falling wedge breakout, RSI is very bullish, increasing volume along with 2 strong green candles. I think we get one more green candle tomorrow to complete the 3 green soldiers pattern. Short term PT is $41-$43. Be aware of the quarterly options expiration this Friday though, Max pain is above $35 for puts and below $40 for...
I don't have an idea here but wanted to highlight the obvious manipulation that these institutional crooks get away with everyday. How many call options were hit by this stop loss raid today? How much money did retail traders lose? If you got mugged on the street and had proof of who did it, the mugger would go to jail. Why does wall street get a pass? I was a...
SOFI is an absolute beast that has been undervalued for too long. Analysts coming out with price targets now are a joke. Where were you when this was at $14? Anyway, technicals are looking strong, broke through resistance, massive bullish candles, great volume.$19.78 is the next level to watch. It's lights out if we break above $20.50.
CRM is setting up for a huge breakout. RSI & MACD are looking strong. Anticipating a gap and go over resistance tomorrow provided the FED doesn't tank the market today.
TDOC looks ready to breakout. RSI is strong, Engulfing candle 2 days ago followed by a gap up. Don't love the upper wick on the trendline but I think TDOC breaks above it on increased volume tomorrow on another small gap up. Already in calls, may add more if we get a break and retest.