If we break the yellow resistance line, we might go down in the dumps. I have buy puts on oil stocks as of yesterday. Oil cuts are not to be in action until the start of May which puts oil in a dangerous position this weeek. There is nowhere to keep this oil, this might just end up going to 0 like May features! Good Luck!
AMC is down over 90% from its ALL TIME HIGH! There is very great reason for this such as the amount of debt they have and potential bankruptcy in the near future. I expect to see a triple bottom from AMC.. which is why the reason I will be entering a long tomorrow morning. So far we have had 2 bounces around $2.00 to $2.05.. I am expecting this to be the third...
I see a perfect opportunity to short Boeing, at around $144-150. There is a descending triangle forming, I'm expecting a fall to the 120s.. potentially even lower. Stop loss is set at the resistance line which is $150 (a break which invalidates the descending triangle.) There is a possibility airline bailouts occurring could ruin this trade. I believe airlines...
I am no professional but this is my opinion and the trade I am taking based on the chart. Trade at your own risk. On March 16 we reached a high of around $17 which was quickly sold off, making us reach new lows on March 18th. On March 26 we reached $17 which was rejected once again, this time we reached a higher low of $9.95 or so on April 3. On April 7 we...
I would like OXY to test the resistance line at $10.10, if it breaks we could potentially see a new low or expect a bounce at the green line. The oil trade war will only make oil barrel prices drop, currently around $20!
First time publishing an idea, would appreciate feedback. Looking to short or buy puts on $SIX at around $13, take profit round $10-11. $SIX bounced at 12.25, wouldn't be surprised if it went up on April fools!