About meI'm a sales and company manager, and a student finishing college in computer science. I've always been interested and love economics, the market, and Bitcoin + crypto sector. I have started trading/investing and sharing. Criticism & Feedback is loved
Overall I'm still bullish on the market but it's getting harder to make a bullish stance with the trade war headlines and escalation over the past week. The market is due for a bounce to fill that gap I believe but will it continue is a whole other discussion.
With positive news on merger with T-mobile has moved S on a breakout in the triangle is has been in. I bought 8$ calls yesterday when it started moving. So far I see a positive outcome for sprint finally getting back out this trading range it has been in.
Ever since the breakout to 130 - 140 area, Disney has been consolidating in an ascending triangle, which broke out last week, and came back under the top trendline but following up breaking out above it again. Disney is planning to release Disney plus in November which I believe will give the stock the boost it needs to get to 150 level.
Amd has just bounced back and on verge of breaking out of a 20 year trend. Government has allowed AMD China exports which have been a blessing for this company which was holding it down. I believe 40$ is well within reach. Well see. I'm long options
MSFT continues upwards after other great qtr! technicals point higher after it bounces right off the bottom trend line. I made a bet going into earnings buying the 140$ august 16 calls. Def not disappointed in the play. Looking forward to tomorrows action.
Facebook was trading at 202ish last couple mins of the trading day. Literally, at the last 2-3 mins, someone bought huge blocks of shares, jumping the price almost 3 points. I bought some 8/16 230 calls for cheap early during the trading day. These calls are up 63.38% within half of day in trading. Fb def throwing up a bullish sign at end of the day despite the...
So, I made a call on some August 16 45$ call options, I said in last MU post. confirming today the breakout is real, and seeing the amount of volume that poured into 45$ calls. MU is def going to surpass 45 again. Looking at other technical indicators. 50$ is possible and could be there sooner than later.
The patterns are quite identical on weekly. the drops were a little more intense but normal. Quite interested to know where this is going in the coming weeks. Sideways seems like the more likely path and that is what happens after it got over ATH before climbing higher. thoughts?
Bought 210 call july 19 exp friday before g-20 summit. Action in pre market is showing bounce to 210 resistance is coming. will keep eye on trade today to manage risk on if i will roll to a high strike like 230 depending on strength of action today.
my text callouts explain my positioning. Since Libra was announced I have been super bullish on the stock, buying calls since Thursday betting on a breakout. Today with the close on high and weekly bullish candle has convinced me that next week could be a huge week for FB. Thoughts?