itssean310

itssean310

Discovered this trade looking through option data. The stock is nearby a lower trendline dating back to May of last year. Support is just below, ~6.7%. That would be the stop loss. The first target would be the upper trendline ,about 15% higher. That is a decent risk/reward ratio. Of course buying closer to ~6.10 would be even better. There is a 116 million share...

itssean310

An interesting set of patterns that I don't believe I have seen repeat like this before in this succession. Each 2 stage triangle ends with a gap up. The last triangle is just a guess-mate. Not sure what the triangle (or upper resistance) would look like, but I would expect a pop up, and then sink back into the first triangle, before gapping up again.

itssean310

$NCR is sitting just below resistance of the downward trend line. If it can manage to break thru this trend line I think it could easily make it back up to either one of the yellow price support levels.There are 132M share in the float, 6% of which are short. Also there is some talk of the company splitting in 2 to focus more on different aspects of their business

itssean310

The upper purple trend line has been resistance for a few years. It closed on Friday at the upper trend line. This stock would be one to watch to see if it actually can break thru this time. I would wait for 2 days for confirmation as in the past there have been 1 day pops above. This one has a float 46M shares and 2.89% short This company makes home and building...

itssean310

The green trend line goes back to November of 2015. (if you zoom out you should be able to see). The green line has been long term resistance. After breaking thru purple and yellow trend lines, this stock is trying hard to stay above the last resistance line. If it continues to hold this resistance line as support, obviously it would head higher. If it doesn't...

itssean310

After 4 taps from below on the green trend line, Primo Water seems to have broken through resistance. At their recent earnings call, they raised their full revenue for 2022 by $20 million , mainly due to an increase in water dispenser sales. 155M float but not a lot of shorts in this one. Could be a decent slow mover. The target would be the purple resistance line

itssean310

$IAA is broke out of the lower channel on Friday. It would seem likely that it should stay in the upper highlighted channel. The float is fairly low (133M) but it is not heavily shorted(2%). We have 1 week before its earnings call. Could this be the catalyst to hit the upper regions of the upper channel?

itssean310

First, let me say that earnings can be a gamble. I will be keen on watching what happens to $WRBY on their upcoming earnings. With upper and lower trendlines converging, as well as the fact that this low floater (88M) is also a high short(19.5%), I feel like this eyewear maker should be makking a pretty big move soon. Whether it is higher or lower is still to be determined

itssean310

This is pretty basic technical analysis. If $DELL crosses the yellow intermediate trend line, I would expect the target to be around the upper green trend line. If it fails at the yellow, I would reassess the chart closer to the lower reds trend line. I would take at least partial profit on a tag of the green trend line. There was not much recent news concerning...

itssean310

$ZLAB is a Chinese biotech company specializing in the treatment of cancer, among other things. In December an insider bought 4,000 shares. Also, hedge funds have been increasing their exposure to $ZLAB for the last 4 quarters. The stop is 7% below at the red line. There are 2 upper trend lines (yellow). My feeling is that $ZLAB will be unsuccessful at getting...

itssean310

$OUST has been in a general down trend since June of 2021. I would say that anyone buying this stock is gambling. However, I feel there is a chance for a bounce here. $OUST designs and manufactures digital lidar sensors for industrial automation, smart infrastructure, robotics, and automotive markets. With the increased push for self driving cars, there might be a...

itssean310

$ACCO has been in the $8 to $9 range for quite a while after their previous earnings. However, after their recent earning on Feb 15, they said that they have improved gross margins, an increase in sales, and reduced debt. This sounds good. So good that one of the directors bought 60,000 more shares at about 8.85.(He now holds 110,000) $ACCO fell below the lower...

itssean310

The word on the street is that the Fed will hike rates this year, some saying 6 rate hikes. A regional bank like The Bancorp might earn more with increased interest rates. The stop would be about 2% lower at the lower trend line. Confirmation is 5% higher at the upper trend line. $TBBK has a low float (52M share) but no high short interest. $TBBK could have a nice...

itssean310

$X and $AKS raised their flat rolled steel prices today. $CLF may benefit from this. With 27% of the float short, this may really move if it breaks above the trend line. Personally I would hope for a pullback near the lower trend line around 5.30 ish

itssean310

$X and $AKS raised their flat rolled steel prices today. $CLF may benefit from this. With 27% of the float short, this may really move if it breaks above the trend line. Personally I would hope for a pullback near the lower trend line around 5.30 ish

itssean310

In September of 2018 this stock was above $20. Currently at 2.81. I think a big reversal could be in the future for this chemical company. There were quite a few directors that exercised options in May, as well as a purchase by the CEO in May (about a month before a big pop in the stock . I would be long with these directors/CEO above 2.90ish

itssean310

FINV looks like it might have the juice to break the green price level. If not, I doubt it will pull back to the red support of the triangle. I feel that more than likely it will pull back to the yellow price level before heading higher. 76 M float.

itssean310

CSIQ looks to have nice gains ahead of it. My personal target would be about $30 ( check the monthly going back to June of 2008) However, I would not buy here, but instead wait for a pull back to the green support line near $21 ~ $22. Another low floater (45M 5% short)