Very nice channel up that is also a Buy Setup. Stronger than the market.
Since the channel is tight, I could either take profit at 2R as shown, or if it reaches the top of channel early, sell then.
Selling early isn't a bad idea as this would be difficult to move to break even. Earnings is 13 days away so I want to be out by then.
Swing trade idea, long.
My entry is STOP LIMIT 136.30. The trade triggered already, but if it should gap down Monday I don't want to limit buy. I'd rather wait and pay another penny.
The last swing high has two wicks @ $140.00. I don't like that, or the fact that it's a even number.
Depending on the market, I'll move my stop to break even (or better) once /...
This is the strongest trade of the 3. The target is 2R.
Since we're extending the 52W high there is no resistance to speak of. I'll likely take 2R if I can get it. You could also manage it out and try for more.
Like the others, I'll look for an add on the Daily chart.
Very nice weekly channel up. Target is 3R+ but I'd probably look to lock in profits before that.
You could choose a lower target if you're impatient.
If it goes my way I'd look for adds on the Daily chart.
This is a nice, clear channel up. I took the trade on the daily, but the buy setup was on the weekly chart.
What's interesting is how this stock has reacted to the overall market. The market has dropped by a record amount, yet this trade is slightly ahead. It has essentially stayed flat, yet spikes up when the market goes green even briefly.
If the overall...
I sold the $10 put expiring 2/18 for $0.15. I expect it'll be assigned.
I'm bullish on AM, and there is a 9% dividend yield. Next dividend is early May. $0.225 per share.
Here are my choices:
Sell $12.50 call 3/18/22 for $0.05. (If possible). This gives the most upside, but least income.
Sell $10 call 3/18/22 for $0.20. If the triangle...
Early ascending triangle should retest the lower trend line today. If it goes up to $8.11 I'm buying. If it continues lower no dice.
This also works as an uptrend buy setup.
I set the Stop loss a little wide in case the bottom of the triangle changes. It only has 2 touches so it isn't very reliable. As long as we put in a higher low the trend is still valid....
Nice Buy Setup on the 1 Day chart.
+ Good sequential pull back without too much overlap.
+ About a 50% retracement of prior move up
+ Moving near rising moving average.
+ Very good earnings, and many earnings beats.
If it doesn't trigger on 10/14/21, it could be an even better trade the next day. Closer to the moving average would be even nicer.
Strong ascending triangle. Too early for a breakout, but this pays a nice monthly dividend. I'd like to buy it at the bottom, and trail the Stop loss.
If you look at the dividend adjusted chart, this is a great trend up. The highs are actually higher highs once you add in the 6 cents per share.
Nice pullback to about 50% of the last leg up. Ending volume, and bottom wick on Friday's green candle.
I have it drawn with a 1:2 ratio. If it goes well I might move the target up. The trend is quite strong.
CHPT could be a triangle of two different types.
If you use the 3 most recent swing lows, it's a triangle. (Shown with grey line.)
If you used the previous 4 swing lows, it'd have a flat bottom. (red line at bottom) That'd be a descending triangle.
Right now, it looks like the former so I've gone long. If loses, and the goes down to the red line, I'll cut my...
Looks like price bounced off the lower trend line. Earnings is coming up, but they've beat 4 out of 4. EPS keeps increasing each quarter.
I'm in if the price rises to $130.59. Good potential to raise the target. I'm probably being too conservative.
Weekly PUTS for Aug 20th are nice:
$120 bid of $0.61. -0.03 delta
$124 bid of $1.26
Earnings on the 19th.