I have been eyeing this for days, HD has been on a mission for over a week now. Historically, each time the price level is reaching the supply zone it got a good pullback and from technicality, it needs a healthy pullback before going higher. Combined Powell to speak and quad witching Friday, I am confident to see the downside. I opened a small position 282.5P 3/26
SPCE - Fundamentally, I'm bullish (long position) on this.
With the mothership flight test success, and the hope of spaceplane future flight test
could be a baby step heading in the right direction.
Additionally, the recent SpaceX news could also pump all the space industry.
However, TA is showing an island reversal at $29.2 areas (potential for gap fills).
TSLA - Consolidating in a triangle pattern.
With the upcoming earnings on 1/27, I can see the price actions will going upwards to retest $868.
This is will be big for TSLA because they will deliver results for the first time since it became a member of the S&P 500.
Earnings could go both ways, but we can play the hype in the next couple of days.
I'm BULLISH on...
NIO – The NIO Day scheduled on January 9th, Definitely have a bias to the upside for the hype. However, the price actions are now back into the $45 - $50 channel again. $50.50 is the crucial level, and if it breaks above I can see it’ll retest $52.7. Over $50 for a call (scale-up over $50.50).
The ascending triangle is formed and approaching the pivot point $128.5 is a strong wall. it has been revisited several times and rejected since June. Once it breaks, tg1 $136 tg2 $145 towards earnings.
Still keeping eye on this stock. You can take a look at the chart, lower trendline indicates that buyers are more aggressive than sellers. In a perfect world, you want it to break and close above $50 prior to entry. A longer expiration is recommended if you decided to enter. Good luck :)
Move to come will be explosive - I’m betting to the upside eow, and potentially continues the rally up to eom. $164C 7/2 or longer expiration seems to be a greatly profitable swing. Powell interviews this morning demonstrating the weaker movement of the markets. Hope you have GREEN days to come, good luck :)
One hour chart is forming ascending triangle, wait to break the first resistance prior to enter. I am confident AMD to close above $56 this week. Looking to enter 56C 6/26 for a swing play. Target 1 $56, and target 2 $58. Good luck :)
With the reopening news, SBUX has a great opportunity to recover from the coronavirus cliff fall. Support $70.6 and resistant $78.1 is a huge consolidating area and had been tested a few times. The current news more likely will push this stock towards the uptrend. RSI looks good (never overbought since the drop back in March) and the TTM squeeze is in the...
Gold had its rally, was fun while it lasted guys, Trump said USA will slowly reopen. So we GO LONG on the SPY and NASDAQ because it will pump HARD very soon. For the short term Gold could be in Bearish Zone. Good luck :)
In the last 4 days, these tickers are showing significant drops. Downtrend becomes exhausted and based on history it'll pop up for the three days. The trend is your friend! if you're playing options, I will be selling by next Tuesday. Good luck :)