This is so manipulated. The volume has been drying up every single day for the last few months and the MM;s are just allowing shorts to drive the price down. there has been no negative news in quite some time. I expect a beat on earnings, but the MM's want this down. probably not a good trade.
AYX is primed for an explosion. It has spent the last few weeks coiling up at a major support oversold level. It has been resting on a major support trendline. DMI is showing positive momentum building. We should see $110-$120 by mid April, and then $140-180 by mid June
Been watching AAL for quite some time. with Biden coming into office, i anticipate bailouts all over the place as money doesnt matter anymore. I am looking at 3 plays on this AAL 02/05 expiry: 20/25 call debit spread Risk $100. Max profit $7900 17/25 call debit spread Risk $100. Max profit $2300 15/25 call debit spread Risk $100. Max profit 900
The market is due for a correction, but the market never does what we want we want it, they only do it when we are not expecting. Ignoring that, looking at the chart appears to simply be a bull pennant. Break above the pennant, we will test highs and above that should trade to $395. Break below $377 and we should be heading towards $365. Time frame: either should...
We are already in absolutely overvalued, over extended, beyond parabolic, at the moon. But.... Thats tesla. Fundamentals do not matter at all in this stock and it has been gut wrenching accepting that. Tesla chart is not about Tesla the company, it is only about the candles and numbers on a screen. This making no sense, makes perfect sense. People are trading like...
LRCX is in a falling wedge. Last time it did this the stock ran 47% over 35 days. My PT after a breakout is $530
AMD is forming a symmetrical triangle that should result in a roughly ~3% move to either side. I do spot a very small divergence on RSI telling me there are better odds of this going to the upside to around $95 where it has strong resistance. If that occurs, it appears AMD is forming a HS pattern. PT $95 or $89 this week. I will be entering a $90/$95 debit...