Great cash reserves announced with earnings release. Actual and forecast unit sales were good but some may try to interpret as negative.
Recommended new trade entry points: low $45 range. Note high volume nodes on left side of chart (see horizontal lines added for emphasis).
Careful if it falls below $41.41 may indicate institutional selling.
But that is a fairly healthy range in terms of dollars ($350 or thereabouts)
Notice that the Williams %R has been fairly reliable in showing us several oversold, trading opportunities for $AMZN, over this period.
Also note the volume by price concentration on the left.
Just need the NDX to cooperate and have slightly less bearish sentiment in March.
Note the high volume shelf at $513 and lesser one at $528
Looks like a good candidate for a Vertical Call Spread around the Feb Fib Retracement 50% line (bracket $553 with a $30 or $50 spread; 530/580 for example)
Continued weakness in NDX over the next 10 trading days may offer chance for "legging into" a spread. (Buying the lower side first, then selling the...
Expect earnings beat on March 3rd, but not sure how stock will move.
Easy to make either overvalued or undervalued case at this price level.
I see good risk reward with OKTA here, but have concerns about continued weakness in NDX.
Sold off on strong earnings release
Sold off on secondary offering at $1315
Continued weak with broad NDX100 sell-off
My strategy for week no. 9 :
• Assess NDX100 trend by Monday close (is selloff accelerating or abating?)
• On SHOP move toward $1390, trim position (cut long shares by half)
• If SHOP trends toward $1180, convert long shares to in the money Jan...
Not sure I understand the transaction.
But it appears there are 3 entities participating in a merger: CCIV, Lucid Motors and a Private Investment in Public Equity (PIPE) entity.
CCIV accounts for 16% of the merged entity;
PIPE accounts for 10%;
and Lucid Motors retains 74%
The Lucid Motors deal, once merged, is said to have a pro-forma valuation of $24...
Bought a small 11 share position, because I haven't owned it in many years. Stumbled across the idea from an ARK trading report (or Tweet). Not the best trading discipline, but I plan to hold these for a while, and perhaps build a position.
Didn't consider the options.
May just be moving to stronger hands from weaker hands. Could be profit taking. Or maybe overall market correction. We can't know for sure.
I've already sold my $LI, and now $XPEV is the next one I'll whack if China EV stocks (and the market) continue to show weakness.
Purchased Jan 2022 $45 calls yesterday, to open new position. Already owned May $40 calls.
Projecting downside risk as $48 to $50. My conviction is waning, but not broken yet. Will sell out my $XPEV before booking loss on NIO May contracts.
Also bought $F shares yesterday.
Stick to your strategy when the market gets ugly.
Just my thoughts:
Bitcoin is not just being bought be retail investors anymore. Wall Street is buying (and will continue to buy) as they develop and market new investment products such as Crypto exchange traded funds,Bitcoin Unit Investment Trusts, CD's indexed to Bitcoin movement.
Look at $PYPL recent addition of Crypto purchases, still in the infancy stages....
I like trading options on Amazon. My best experience has been buying in the money calls after a pullback.
I'm looking for a buying opportunity over the next 2 - 3 weeks in the target area shown. Currently watching May 21 $3160 Calls
Buying opportunity could result from $NDX pullback rather than AMZN specific news.
Don't be disappointed in NIO. It appears to have stalled at the top of this range. I think it will bust through resistance with a spike rather than a slow melt-up. But remember this is already a $70 billion market cap company.
There is a sizable volume by price shelf around 57.74 which should provide some support. Consider previous highs will now serve as...
Jan 11th close $62.70
Current (Feb) R1 Pivot $66.40
Top of 1%, 6 month linear regression channel (late Feb) $68.75
Looks Bullish; doesn't look that extended.
Note $XPEV woke up and tried to follow suit this afternoon.