LINKED IN BYE BYE!!!!TRADING LINKED IN WITH OPTIONS?
Do you guys have the YouTube music video of NSYNC CALLED "BYE BYE"
SPY IN NEW BEAR MARKET DATAEVEN THOUGH I AM LONG Currently, BUT MY MONTHLY CHART IS SLUGGISH, WEEKLY IS STRONG still but some weakness there. So for some one who lost $100k in 08/09 and has been watching market for about 2 decades; "time to warn". I do my own analysis and manage my own money. Those are the lines and suggestion for key resistance level to see if new bear market comes after few months of the election drama. Probably 2017 after summer/winter latest. What do you think?
Flat for weeks OR is it?Likely to give us a short rally up to the 125 price area and reverse. That's the trade I'm waiting for.
Further side ways action ?
LNKD: Nice accumulation base after a massive declineLinkedin is offering a terrific long setup in the weekly chart.
We can go long on a break above today's close, with stops under 114.36 and aim for 153.85, to be reached within 10 weeks or less.
If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year.
Cheers,
Ivan Labrie.
Dare to trade this Butterfly? Bullish Butterfly completion in $LNKD just below 100$.
Dare to trade it?
How about 1:5 R/R?
Assuming you'll recognize some intra-day strength signal tomorrow, $LNKD can be an interesting aggressive buying opportunity.
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LNKD (Linked In) Target for 20% gainLinked in created and inverted ascending scallop -- confirmed. (thepatternsite.com). A bonus is the U-shaped volume with the pattern.
This alone sets the target price at 279.25.
In addition, a cup and handle is in the process of forming, which if successful, sets an intermediate target price at 263.
On Balance Volume (OBV) also remains in a very positive upward trend.
LNKD showed relative strengthYeasterday US markets closed in red with QQQ -0.8%, SPY -0.9% and DIA -0.94%.
But this social network reversed from lows and closed near highs.
I think we are close to resolution of this wide range with upside bias because of that strength. Now we have higher low @ $143.45 and important intermidiate support @ $145 that was retested intraday.
Another action point is previous high of the day @ $149.50. If it will go above and hold we can see $153.34