PLTR Earnings Options Analysis: Strong SupportsCurrent Price Level: NYSE:PLTR is currently trading around 23.79 USD.
Options Data:
IVRank: 95.8, indicating that the current implied volatility is at the 95.8th percentile over the past 52 weeks.
IV% 5d Change: 16%, showing a significant increase in implied volatility over the past 5 days.
Exp. move at 46 DTE: 4.6% for options expiring in 46 days.
Price Skew: 31.8%, indicating the difference between the bid and ask prices of options.
Market participants overpriced call options by 31.8% for the September expiration, indicating bullish sentiment despite the significant panic in the markets today.
Support Level: There is strong support below the 4/8 level, which is crucial for put options.
The green line represents the strike price expected by the market based on the options chain for 46 days to expiration (46 DTE), around 18 USD.
The Delta 16 PUT level is below the 4/8 Murrey Math level, indicating strong support based on the status of the current optionchain.
Earlyentry
Something differentAgriculture commodities are coming back up pushing this stock up as well. I opened a small position today but I think is going to pull back so I'll add then. Looks like a bearish channel but also like a bull flag, either way it bounced off the bottom very hard and I think it will eventually break out. I could take a few weeks, be patient.
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There is also connections to the METAL blockchain which may present an opportunity as well.
But this one is too good to NOT pass up.
The game changedThe forex world is shifting, Aussie and Kiwi are coming back, US Dollar still sucks and Canadian Dollar is being dumped like dirty water, good job North America :S. Look at chart, this massive wedge, is very early to tell if is going to break out but I'm taking the shot here. I just opened a moderate position, not too ambitious. I'm going to start building my trade, it could take several weeks or not. If it drops I will open another and so on while is accumulating. Warning this trade requires patience, is risky but the reward is massive.
UVXY Potential Early Bear Flag Channel Entry at Moving AveragesThe UVXY is currently trading at the 89 Day EMA among other Moving Averages that it's often reversed from; if it reverses from here again and hits the bottom of the Potential Parallel Channel that will confirm the Validity of the Parallel Channel. If it breaks down from this Parallel Channel that will be a Bearflag breakdown that could take it down anywhere betwen the 1.618 to even the 2.618 which should signal a rally in the SPX. For the time being this is a speculative early entry.
$LSTR is showing signs of moving higher from its cup and handle!Notes:
* Strong up trend on all time frames
* Good earnings track record QoQ with a few misses
* Basing for the past ~14 months
* Creating a cup and handle pattern on the weekly chart
* The handle pulled back to its 50 day line and used it as support
* It's now breaking out of the handle with higher than average volume on the weekly chart
* Offering an early entry along with a pocket pivot indicating institutional demand
Technicals:
* Sector: Industrials - Integrated Freight & Logistics
* Relative Strength vs. Sector: 1.75
* Relative Strength vs. SP500: 2.32
* U/D Ratio(50): 1.07
* U/D Ratio(15): 1.27
* Base Depth: 34.1%
* Distance from breakout buy point: -5.51%
* Volume 105.58% above its 15 day avg.
Trade Idea:
* You can enter now as it's just breaking out of its handle with higher than average volume
* If you're looking for a better entry you may find one around the 168.5 area as that could serve as intermediate support
Can $WSC make new ATHs?Notes:
* Strong up trend on all time frames
* Beating its revenue expectations consistently
* Breaking out of a ~11 week base
* Pulled back to its 50 day line and has been moving higher since
* Offering a low risk entry
* Creating a base on base pattern and pulled back to the highs of the previous base
* Showing recent accumulation
* It's creating a cup like pattern and may pull back after reaching the $49 area to create the handle.
Technicals:
* Sector: Industrials - Rental & Leasing Services
* Relative Strength vs. Sector: 1.27
* Relative Strength vs. SP500: 1.68
* U/D Ratio(50): 0.61
* U/D Ratio(15): 1.1
* Base Depth: 12.15%
* Distance from breakout buy point: -2.35%
* Volume -12.69% below its 15 day avg.
Trade Idea:
* You can enter now as it's still moving higher, close to its 50 day line and offering a low risk entry around a support level.
* If you're looking for a better entry you may find one around the 47.6 area or the 46.9 area.
$PI pulled back to its 20 day line. Is it ready to go higher?Notes:
* Strong up trend on all time frames
* Great earnings QoQ
* Created a break away island on last earnings report
* Held the gap as support around 105.54
* Tried to break out of the base but pulled back to its 20 day line
* Offering an early entry as it's close to its 20 and 50 EMAs
* When I last mentioned this stock it was breaking out of a cup and handle (linked)
* Has been seeing recent accumulation
Technicals:
* Sector: Technology - Communication Equipment
* Relative Strength vs. Sector: 1.35
* Relative Strength vs. SP500: 1.81
* U/D Ratio(50): 1.25
* U/D Ratio(15): 1.39 <--- recent accumulation
* Base Depth: 22.25%
* Distance from breakout buy point: -0.36%
* Volume -29.91% below its 15 day avg.
Trade Idea:
* You can enter now as the risk is low and it's offering an early entry relative to its moving averages.
* If you'd like a better entry you can look for one around the 124.52 area as that should hold as support.
* Or you can wait for a clear break and hold above 129.02 with volume before entering
Is $ATKR ready to head higher?Notes:
* Very strong up trend
* Great earnings QoQ
* Basing for the past ~9 weeks
* Forming a cup and handle in this period
* Incoming volume
* Offering an early entry as it's still close to the 50 day line
* More buyers in the market recently
Technicals:
Sector: Industrials - Specialty Industrial Machinery
Relative Strength vs. Sector: 3.0
Relative Strength vs. SP500: 4.72
U/D Ratio(50): 1.19
U/D Ratio(15): 2.47
Base Depth: 81.04%
Distance from breakout buy point: -2.92%
Volume 7.67% above its 15 day avg.
Trade Idea:
* You can enter now as the price is still close to its 50 day line and is breaking above the resistance level of 123.53
* If you want a better entry you may be able to find one around the broken resistance area if it's retested as support.
* Or if it does pull back you may be able to find a better entry around $121.72
Is $EXTR ready for the next move higher?Notes:
* Strong up trend
* Great earnings QoQ
* Basing for the past ~8 weeks
* Pulled back to its 50 day line and found support around the 18.17 area
* Now coming up on the right side of its base with higher than average volume
* Offering an early entry
* Printed a Pocket Pivot, indicating institutional demand
Technicals:
Sector: Technology - Communication Equipment
Relative Strength vs. Sector: 5.94
Relative Strength vs. SP500: 5.88
U/D Ratio: 0.97
Base Depth: 15.74%
Distance from breakout buy point: -5.99%
Volume 88.56% above its 15 day avg.
Trade Idea:
* Now's a great time to enter as it's just coming off of its 50 day line and also printed a pocket pivot.
* Based on its prior performance, $EXTR can go another ~17.6% from here.
* If you're looking for a better entry you may be able to catch one around 19.3
Can $ESAB go higher from here?Notes:
* Moving up on the right side of its IPO base
* Good earnings
* Breaking out of an ascending triangle with higher than average volume
* Has a 50 day UD ratio of 2.26 and a 15 day UD ratio of 5.27; indicating that there's been a ton more buying short term
* Has a solid relative strength in the sector and against the SP500
* Showing an early entry relative to its 50 day line
* Printed a pocket pivot, indicating institutional demand
Technicals:
Sector: Industrials - Metal Fabrication
Relative Strength vs. Sector: 2.87
Relative Strength vs. SP500: 14.88
U/D Volume Ratio: 2.26
15 Day U/D Volume Ratio: 5.27
Base Depth: 77.73%
Distance from breakout buy point: -16.17%
Volume 21.39% above its 15 day avg.
Trade Idea:
* Now's a great time to jump in as it's close to its 50 day line, printed a pocket pivot and breaking out of its ascending triangle
* If you're looking for a better entry you may look around the 48.1 area as it may retest that level for support
Some resistances to keep in mind are $49.2 and $51.3. There may be sellers in these areas.
Sona BLW near breakoutSona BLW is near breakout.
Entry: above trendline
Stop loss: if breakout fail
Target : As per your Risk & Reward
⚠️ Important: Always maintain your Risk & Reward Ratio.
⚠️ Purely technical based pick.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes. please consider it as a lerning
Eat🍜 Sleep😴 Job & swing Trade📈 Repeat🔁
Happy learning with Earning. Cheers!🥂
IS $ABBV ready to come up on the right side of its base?Notes:
* Strong up trend on all time frames
* Great earnings track record
* Basing for the past ~8 months
* Now looking to come up on the right side of its base
* Printed a pocket pivot in the last session, indicating institutional buying
* Offering an early entry relative to its 50 day line
Technicals:
Sector: Healthcare - Drug Manufacturers - General
Relative Strength vs. Sector: 6.46
Relative Strength vs. SP500: 2.33
U/D Ratio: 1.4
Base Depth: 28.76%
Distance from breakout buy point: -12.22%
Volume 18.24% above its 15 day avg.
Trade Idea:
* You can enter now as the price is coming off of its 50 day line
* If you're looking for a better entry you can look for one around the ~147 area as that should hold as support moving forward
* If you're looking for a safer entry you can wait for a break and close above the ~152.5 area as that is the immediate resistance coming up
* A daily close below the ~147 area would negate the bullish outlook.
Is $BJ ready to push higher?Notes:
* Strong up trend on the higher time frames
* Great earnings track record
* Basing for the past ~3 months
* Forming a cup and handle with the base ~14% deep and a flat handle
* Formed a bullish engulfing candle a couple of days ago
* Now it's flashing an early entry along with a pocket pivot
Technicals:
Sector: Consumer Defensive - Discount Stores
Relative Strength vs. Sector: 4.8
Relative Strength vs. SP500: 2.23
U/D Ratio: 1.03
Base Depth: 13.97%
Distance from breakout buy point: -1.6%
Volume 15.02% above its 15 day avg.
Trade idea:
* You can enter now as the price is close to its 50 EMA
* It's also breaking above the resistance area of ~77.5 with volume
* If you're looking for a better entry you may be able to catch it around $76.1 as that should hold as support going forward.
Is $CPRX ready to break out of its cup and handle?Notes:
* Strong up trend
* Okay earnings track record
* Basing for the past ~8 weeks
* Pulled back to its 10 week line and managed to hold it as support creating a cup and handle pattern
* Printed a pocket pivot near its 50 day line offering an early entry and indicating institutional demand
Technicals:
Sector: Healthcare - Biotechnology
Relative Strength vs. Sector: 23.86
Relative Strength vs. SP500: 4.28
U/D Ratio: 1.21
Base Depth: 45.07%
Distance from breakout buy point: -18.82%
Volume 14.75% above its 15 day avg.
Trade Idea:
* You can enter now as the price is rising with higher than average volume off of its 50 EMA
* Another reason for entering would be that it printed a pocket pivot
* If you want to play it a bit safe you can wait for a break out of the indicated channel and the 14.3 area since that may serve as immediate resistance
Is $PRCT ready to move higher from here?Notes:
* Steady up trend in a bear market
* Nice earnings for the past to quarters
* Recent IPO
* Looking to break above its IPO base
* Printed a pocket pivot, indicating institutional buying
* Offering an early entry relative to its 50 day line
* Sitting just above a pivotal level of 43.9 and holding it as support for the past several sessions
* IPO base resistance comes in around 47.7
Technicals:
Sector: Healthcare - Medical Devices
Relative Strength vs. Sector: 15.62
Relative Strength vs. SP500: 4.68
U/D Ratio: 1.1
Base Depth: 182.59%
Distance from breakout buy point: -4.82%
Volume 54.55% above its 15 day avg.
Trade Idea:
* You can enter now as the volume and price are indicating of it moving higher from here.
* If you want to be a bit more safe, you can wait till after earnings
Can $MNTK continue to lead the Utilities sector?Notes:
* Recent IPO with steady up trend
* Not the best earnings in the recent quarters
* Basing for the past ~3 months
* While basing it bounced off of its IPO highs around the 13.8 area
* Recently breaking and holding above a pivot area between 16.65 and 16.9
* Daily and weekly volume seems to be indicating buyers coming in and the UD ratio seems to be indicating the same
Technicals:
Sector: Utilities - Utilities - Diversified
Relative Strength vs. Sector: 10.61
Relative Strength vs. SP500: 35.4
U/D Ratio: 0.96
Base Depth: 46.96%
Distance from breakout buy point: -15.4%
Volume 31.76% above its 15 day avg.
Trade Idea:
* You can enter now as the price is holding the 16.9 area as support
* If you're looking for a better entry you can wait to see if it retests the 16.9 area again.
Is $CLFD ready to start coming up on the right side of its base?Notes:
* Strong up trend on all time frames
* Great earnings in the recent years
* Basing for about 9 weeks
* Starting o come up on the right side of its base with volume
* Created a launch pad with the 10,20 and 50 EMAs
Technicals:
Sector: Technology - Communication Equipment
Relative Strength vs. Sector: 4.11
Relative Strength vs. SP500: 6.57
U/D Ratio: 1.24
Base Depth: 43.31%
Distance from breakout buy point: -18.43%
Volume 0.44% above its 15 day avg.
Trade Idea:
* You can enter now as it's just coming off of the launch pad with volume
* It's also breaking above a clear resistance area of ~105.4
* If you're unsure at the moment you can wait for a retest of the the ~106 area as support before jumping in.
$ENSG poised to go higher from here?Notes:
* Very strong up trend on the weekly/monthly charts
* Great earnings for the past few years
* Basing for the past 19 months
* Creating a cup and handle
* Trying to break out of the handle
* Strong resistance around the $85.4 area
Technicals:
Ticker: $ENSG
Sector: Healthcare - Medical Care Facilities
Relative Strength vs. Sector: 28.52
Relative Strength vs. SP500: 11.74
U/D Ratio: 1.15
Base Depth: 36.29%
Distance from breakout buy point: -9.18%
Volume 16.02% above its 15 day avg.
Trade idea:
* Not jumping into this just yet.
* Waiting to see if it can stay above the $85.4 area and hold it as support.