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.
Nice triangle on VG. I'm going to try to limit buy the bottom trendline. I'll also watch for a breakout.
Could also sell puts:
$13 Aug 20. for $0.15. (23.4% apr)
$14 Aug 20th for $0.45.
Earnings is coming up soon. I like the $13 put better. Even if it breaks down, I don't see it going down to $12.85
I've lost quite a few large reversals, but I've had good success with plays like this one.
Instead of buying a loser hoping it'll turn around, I'm buying a winner that pulled back.
Great trend here pulled back a few days. When it started up again, I jumped on.
I'm not sure of the target. I'm hoping it'll put in a little pivot or somewhere to move up my stop...