Unity : Bottom Fishing before Nov Earnings
Simple technical chart analysis and trading plan :
- accumulate at support zone $25-28 which also fall into oversold lower Midas zone . Cut loss when fall outside this support zone.
- target exit points will be at $40, $42 or upper overbought Midas zone.
*** Create simple and stress free trading plan. ***
Earningsplay
TTC The Toro Company Options Ahead of EarningsAnalyzing the options chain and the chart patterns of TTC The Toro Company prior to the earnings report this week,
I would consider purchasing the 105usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $1.52.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
ZS Zscaler Options Ahead of EarningsIf you haven`t sold ZS here:
or reentered here:
Then analyzing the options chain and the chart patterns of ZS Zscaler prior to the earnings report this week,
I would consider purchasing the 175usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $14.40.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
SPLK popped on earnings. Can it continue? SPLK had a very impressive beat on earnings and traders responded with buying pressure
to push price up more than 15%. The question now is whether SPLK can sustain the
new interest or will it fade or drop. My analysis is that best on the short term volume
profile compared with the longer term is that there was a lot of trading at the top as
new but late buyers competed with short sellers on price and so the price rise stalled.
As a result I see price consolidated here and suspect that short sellers will push price
down from here. I will have SPLK on watch for a stock short trade and put options as
it is apparent that traders overreacted to the earnings beat. Price is still above the
POC line on the stort term volume profile. Once it drops below, I will look for a short
entry on the 3-15 minute time frames.
WOOF dropped after an earnings beat now setup REVERSALOPRA on the 30-minute chart dropped after an earnings beat as apparently a lot of traders
expected better. The volume profile shows the vast majority of the trading occurred in
the 5.05 to 5.25 range. This heavy accumulation should result in price movement in due
time per Wycoff. I believe that a long trade is setup for a Fibonacci retracement of the
drop into the middle levels and so 5.85 as shown by the indicator on the chart. The mass index
indicator reached the reversal zone and then triggered with a drop below it confirming
a probable reversal. The MACD is showing bullish divergence.
I will place a buy stop order above the POC line of the volume profile with a stop loss at 12.0
just below the POC line is a safe 10-13% trade which may take into the beginning of next
week. I will take call option contracts as well. If you want to know the details of those,
please leave a comment.
Nvidia -> Earnings ObliterationHello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Nvidia 💪
A couple of months ago Nvidia perfectly retested the lower support trendline of the major monthly rising channel and the next resistance towards the upside is roughly at the $800 level.
On the weekly timeframe you can see that Nvidia is not slowing down at all and with today's massive +10% after hour earnings gap Nvidia just created new all-time-highs.
Since the weekly and the monthly timeframe are both back to bullish now, I am simply waiting for a retest of the previous resistance at the $470 level which is then acting as strong support.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset:
NVDA's Earnings Report: Strategic Positions to Consider Introduction:
It's time to rejoice as we dive into the exciting world of NVIDIA Corporation (NVDA) and explore the potential positions to consider after their recent earnings report. With the stock prices rising, let's embrace the positive vibes and strategize our moves to make the most of this profitable opportunity!
1. Riding the Momentum:
NVDA's earnings report has sent shockwaves through the market, propelling the stock prices to new heights. As traders, we can ride this momentum and capitalize on the upward trend. We can join the celebration by positioning ourselves to benefit from the stock's bullish run and potentially reap impressive profits.
1. Long-Term Growth Perspective:
NVDA has consistently proven its ability to innovate and adapt to the ever-evolving tech industry. With a strong focus on artificial intelligence (AI), gaming, and data centers, the company has positioned itself as a global leader. As the demand for these sectors continues to grow, NVDA's long-term growth prospects remain promising. Traders with a more patient approach may consider holding onto their positions, allowing them to enjoy the potential benefits of sustained growth.
2. Options Trading for Enhanced Gains:
For traders seeking a more dynamic approach, options trading can offer exciting opportunities. With NVDA's stock prices on the rise, options strategies such as buying calls or employing bullish spreads can help magnify potential gains. By leveraging these strategies, traders can amplify their profits while managing risk effectively.
3. Diversification for Stability:
While NVDA's recent earnings report has been impressive, it's always wise to maintain a diversified portfolio. By spreading our investments across different sectors, we can mitigate potential risks associated with any single stock. Consider exploring other promising companies in the tech industry or even different sectors, ensuring a well-rounded portfolio that can withstand market fluctuations.
4. Staying Informed:
As traders, staying informed is crucial for making sound investment decisions. Monitoring NVDA's news, industry trends, and quarterly reports will provide valuable insights into the company's performance. Additionally, monitoring the broader market sentiment and potential catalysts can help guide our positioning strategies effectively.
Conclusion:
With NVDA's earnings report driving its stock prices to new heights, it's an exciting time to be a trader. By capitalizing on the momentum, adopting a long-term growth perspective, exploring options trading, diversifying our portfolio, and staying informed, we can position ourselves for success and potentially reap significant profits.
Remember, trading is both an art and a science, and embracing a positive mindset while making informed decisions is the key to thriving in the market. So, let's celebrate NVDA's success and embark on this profitable journey together!
PANW Palo Alto Networks Options Ahead of EarningsIf you haven`t bought PANW`s Double Bottom here:
or before the earnings here:
Then analyzing the options chain and the chart patterns of PANW Palo Alto Networks prior to the earnings report this week,
I would consider purchasing the 230usd strike price Calls with
an expiration date of 2023-9-15,
for a premium of approximately $7.65.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
AlertNVDA stock just breaks out of a bullish flagThis week, Wall Street will focus on Nvidia's quarterly report as investors search for potential catalysts to rekindle the U.S. stock market recovery.
In addition to a 6% gain last week, the chipmaker's shares are up 6.66% so far on Monday ahead of Nvidia's quarterly report on Wednesday.
NVDA stock just broke out of a local bullish flag. Traders expect it reaches $500 in the short term.
The technical target of the pattern is just below $600!
DLTR reverses up on pre-earnings move LONGDLTR has earnings in 3-4 trading days. On the 30 minute chart it has been sideways
and maybe a little down for this past week which is par for the course given the
general market. In the last trading day, price bounced up from the lower of
the two Bollinger band set at 2.618 standard deviations below the mean basis
band. The ZL MACD lines are upgoing and crossed over the zero-line. The
ADX lines both negative direction and positive direction are flat and ad the zero
level. The BB Oscillator demonstrates the bounce at the Friday morning open.
I will take a long trade in DLTR in the next three days anticipating that trader
interest and a little greed will push the price higher. I may take a call option as
well. If you want to know which call I may have an interest in taking, please leave
a comment.
APRN Gained on Big Earnings Miss SHORTAPRN on the 2H chart demonstrates continued burning of cash and the burn rate
is more than the estimates of the analysts. With the double Bollinger Band overlaid,
Price since those dismal earnings has increased up more than 50% and is now at the dynamic
resistance of the volatility bands. Confluent with its rise to the upper bands is the rise of price
to three standard deviations above the mean VWAP. I see this as a short trade setup
with the price falling to the 0.5 Fib level confluent with the POC line of the volume profile
as well as the mean VWAP which I will target in the trade. If you want my idea as to the
put option equivalent parameters, please leave a comment. ( like and follow if you are
inclined !) I am looking to get 20% out of the short sell. The put option is screaming for
at least 100% and potentially double that.
ABNB looking to reverse a retracement LONGI look to see if ABNB will bounce from a 0.5 Fib Level and continue a trend up. This is shown
on a reliable daily time frame chart showing an unusual reaction to decent earnings. I will
watch for support and then reversal on that fib level. I will go down to 30-60 minutes to
find the entry. The chart has the death cross MAs and a confluence of the long MA with
the fib levels.
UPS United Parcel Service Options Ahead of EarningsAnalyzing the options chain and the chart patterns of UPS United Parcel Service prior to the earnings report this week,
I would consider purchasing the 170usd strike price Puts with
an expiration date of 2024-1-19,
for a premium of approximately $7.35.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
X United States Steel Corporation Options Ahead of EarningsIf you haven`t bought X here:
Then analyzing the options chain and the chart patterns of X United States Steel Corporation prior to the earnings report this week,
I would consider purchasing the 26usd strike price Calls with
an expiration date of 2023-10-20,
for a premium of approximately $1.24.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
BTTR- a volatile pre-earnings high flying penny stock LONGBTTR has been slowly gathering steam since last week. Today the buying momentum
went into high gear with a big jump. This is a penny stock about as volatile as it gets
with its backstop far below current market price. With earnings in two days BTTR could
easily run another 30% turn around and fall. The price action and the MACD speak for
themselves. I will take a small position about 3% of my account with a stop loss of 10%
given the volatility. I will advance the stop loss but give room to account for the volatility.
I would like to make about 20-25% on this trade over 2-3 days and will have TV alerts to
let me know when the tide is about to go out. One alert will be the fade on the Price Momentum
Oscillator while the other price crossing down on the faster HMA.
LABU 3X leveraged Medical Technology LONGLABU over the past ten trading days has trended down from the top of the volume profile
to near the bottom. The Price-volume trend is flat showing accumulation/coiling.
The price momentum oscillator shows an uptrend suggestive of bullish divergence and
the volumes are stable at or above the running mean. I see this as a good long trade
as some if the ETF components are pumping through earnings. If you are interested
to know my thoughts on a call option setup, please leave a comment.
LLY Earnings Play LONG ( Flat Bottom Triangle Breakout)My analysis is on the 2H. I am uniquely qualified in my fundamental analysis. This is a one
day until earnings. My thesis is the earnings will stimulate what will be a breakout from
a flat bottom triangle. I will buy one share of stock. I will spend a similar amount on
call options striking $460 expiring August 11th. I see LLY as surging while PFE is a bit
challenged with the fall off in Covid vaccine work. If you find this idea interesting and
might appreciate my ideas as to a stop loss and targets, leave a comment. Like and
subscribe. Trade well !
IMPP a volatile penny oil/energy LONG pre-earningsIMPP is rising from its lows of July after falling from a triple top in June at 3.8 which is
the target for a long trade. Price is now above the POC line of an intermediate term volume
profile having crossed the mean VWAP line anchored at the share split (purple and thick black
lines respectively). Price bounced off the first negative standard deviation line making this
a VWAP band bounce. The MACD lines are upgoing and so diverging. I see a stop loss of
0.2 as compared with a profit target of 0.6 making this setup a r:R ratio of 1:3. I will go long
here also knowing of the rising energy sector supporting this ticker. This stock is a retail
trader favorite when energy is" hot". With earnings in the morning, for me this is a no brainer
to buy in the premarket and if rising complement with a call option. If you want my idea of
a good call option, please ask in a comment.
BIOL- running earnings 8/10 LONGBIOL had a triple top in late July so this is a logical long target at 8,0, With earnings in less
than two days, volumes above the mean in the past couple of days and a decent
price-volume product trend coupled with a Price Monetum Oscillator without any signs
of topping out in a momentum stall or fade. I see this as a long pre-earnings play
with about 12% upside to the target from the current price. BIOL has no options. The
last earnings were a solid cash making top and bottom line beat. Go BIOL !
ADN Advent Technologies Holdings Options Ahead of EarningsAnalyzing the options chain and the chart patterns of ADN Advent Technologies Holdings prior to the earnings report this week,
I would consider purchasing the 1.50usd strike price Calls with
an expiration date of 2024-1-19,
for a premium of approximately $0.17.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward to read your opinion about it.
PLL - Inverse Head and Shoulders - WeeklyWatching LAC & PLL closely here as the lithium sector heads into earnings. PLL is seemingly holding the same channel after breaking out and retracing back to the channel it's currently holding. PLL is holding the same channel on the 4-Hour timeframe with its Bollinger bands squeezing, along with a Bullish Butterfly Harmonic Pattern, MACD golden cross. Bullish and and anticipating an upward move following their respective earnings reports. (Broader Market Conditions Permitting)- Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones in the meantime -- Price Targets & Previous Charts Attached In Description --
PT1- $56.12
PT2- $58.74
PT3- $60.07
PT4- $61.26+
--Previously Charted--
Apple -> Massive Breakdown And Now?Hello Traders and Investors ,
my name is Philip and today I will provide a free and educational multi-timeframe technical analysis of Apple 💪
Starting on the monthly timeframe you can see that after Apple broke out of the clear triangle formation in confluence with the bullish moving averages, Apple created a strong rally of 30% towards the upside, breaking major resistance.
As I mentioned over and over again the weekly timeframe looked quite overextended so I do expect even more short term bearish pressure before a reversal will be quite likely.
With Apple's gap down of -5% on Friday my last analysis, linked below, perfectly played out but there is no reason why Apple stock should reverse immediately so be careful and don't jump into longs too early.
Keep in mind: Don't get caught up in short term moves and always look at the long term picture; building wealth is a marathon and not a quick sprint📈
Thank you for watching and I will see you tomorrow!
My previous analysis of this asset: