GNRC Generac reverse to mean scenario$GNRC has been consolidating in a tight box for few day. If breaks up - watch for a low risk play. TP 145 (there is a gap needed to close) and SL below 95 (about 5%).
Longideas
AMBP is very close to break SMA 200 - extending its gainsAMBP shows strength. It is a continuation pattern and there is a high probability it breaks the SMA200 and continues further. If it manages to do so, then at least 6.60$/share could be a realistic target. Protect with a trailing stop of around 15%
$IWM Daily Chart GOLDEN CROSSPotential Golden Cross incoming which can provide some drastic movement to the upside. Golden Cross is when 50 day (blue) MA crosses over 200 day MA (orange) for any new traders. Higher probability when using higher time frames like the daily, weekly or monthly chart. The higher the time frame, the stronger the signal IMO
Macy's rocket ready for launch! LongHey Guys!
I see a good Long potential for M .
We are testing 50MA price zone on M-chart and looks like we are ready for break-out and push the price to 200MA on the Month chart.
Price stays very close to the 50MA for more than 5 months. - good sign for long. Also, we see a huge volume on the "bottom".
SL ~ 15-16$
TP1 200 MA on moth chart
TP2 40% zone.
BTC/USDT 8H Price PredictionBitcoin Price Consolidates... If the price break out bullish flag next level 80K.
(Short term pump stock idea #01) CRL in Canadian $CAD $CRL $CSE $TSX $TSXV
Maybe bottomed out. R1 $0.185 R2 $0.255-285 ~ UPSIDE $0.345-$2.8
DD - setting up for possible breakout to new local highs.Waiting for 86.00 breakout.
After breakout will set stop loss 82.00
Target 95, 100
TSLA range bound, but break out to up side is more likelyThe overall trend for NASDAQ:TSLA is up, so a bullish bias is needed here. It is currently in consolidation mode, but I expect that it can break out to the up side. No position for now.
Symmetrical Triangle Forming in Sherwin-Williams NYSE:SHW is forming a symmetrical triangle. This is a name with lots of momentum as it has been going up consistently for the past few months. Look for long entries with more reward than risk. First target would be previous highs, 2nd target is all time highs. Refer to the stop loss level in the chart.
Broadcom Should Break Out SoonNASDAQ:AVGO is repeating the same pattern from 2 months ago before it broke out. Look for entries near trend line supports or on a break out. Support and resistance levels are clearly marked via the trend lines. Also, when the ADX crosses bullish it will be an extra long indicator.
RH holding at 20 EMA, look for more confirmation of supportRH holding at 20 EMA, look for more confirmation of support. If it can hold here for a day or a few days, I see no reason why it won't hit new highs as it is in a strong up trend.
NIO filled the gap. Now watch for a break outSupport is at 20.60, watch for a break out to go long, it can hit previous highs if it breaks out of its trend line or it can even go to $24. Filled this mornings gap up which was a break out of a daily resistance level around $21. Volume has also increased on this last 15 min candle so it may signal a reversal.
LONG OIL ($USO) - Double Bottom with Horn Bottom PatternLONG OIL - Double Bottom with Horn Bottom Pattern
SPXS – Bullish Banana Breakout Confirms SPY DowntrendChart Details
Weekly view shows price touching 10WeekMA. (same as SPY but inverse obviously)
Price cross above 10Week should confirm uptrend to gap fills.
Price above aqua blue line confirms uptrend to EMA cross.
Price above yellow line and look for upper gap fills.
Gaps to fill up to $17
Stop $13
Target $16
Money Patterns member alerts for this trade had lowest entry price of $12.08
Opinion – SPXS has very few unfilled gaps previously. Market overextended. This has good potential to fill gaps in the next few weeks.
Coronavirus fears and reality will sink in. First time in 50 years Americans are quarantined WITHOUT CHOICE when entering the country.
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JNUG – Looking to Breakout of WedgeChart Details
Long consolidation wedge ready for breakout. Caution with gaps above and below.
World events and monetary policy tell me this goes higher.
Next Daily trend is Bullish. Weekly trend already Bullish and turned up.
Weekly RSI trend is our guide for stop.
Price target $100
Stop $74
About Me
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GDX – Turned Bullish on Daily - $32 Price TargetChart Details
Price on Daily keeping yellow support. Best entry would be close to yellow support (on pullback).
Bullish price action – higher highs and higher lows daily.
Gaps to fill up to $37.
Conservative price target of $32 to fill first gap.
RSI channel is our guide to enter or exit until channel guides are violated.
Opinion
I had three hedges for market downturn in play, instead of taking specific bearish plays on SPY for example.
GDX, SCO, and SPXS have all been good hedges when purchased at correct time (market ATH's with weekly RSI over 80-85)
With coronavirus, oil conflicts, Iran, market overpriced, negative interest....yada yada...there are a number of bubbles or events ready to pop.
About Me
www.moneypatterns.com
Options Strategies, Video Technical Analysis, Instant Alerts, Specific Options Order Entry Details, Daily Updates, Equities & Crypto, Weekly Breakdowns, Charting Service, & More in Members Area!
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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts and on www.moneypatterns.com
SHAK – Bullish Gap Fill - Real Meat Gets Bullish Trade Entry
Feb. 14 Expiry. Put Credit Spread. 59/64 Strikes. Credit of $3.00 (no lower than $2.90)
Risk $210. Reward $290-$300. POP - 65%
Chart Details
Large $10 gap from $71-$81. This must get filled IMO.
White trendline is stop. Break of white trendline and trade above is invalid ($59.50 or less).
Bullish EMA cross just occurred last Friday, 1/10.
Bullish 10WeekMA price cross with Bullish EMA Cross is 80% guaranteed or greater IMO.
Earnings play. Expected reporting date may be Feb. 24, not March. 3 (as shown on TradingView). Need to confirm as we get nearer. Source Zacks- www.zacks.com
Credit to Bullishcharts for this idea after discussing BYND .
Maybe we can both profit off a real meat rally, just like we did off the fake meat rally. LOL
I will update if I enter this trade personally. If I enter personally, I will provide updates as we go :)
About Me
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I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Website will be ready for launch mid-January 2020.
Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, MCD Bullish
IIPR – Cannabis REIT Bullish BreakoutTrade Entry
Feb. 21 Expiry - Put Credit Spread – 80/85 strikes – Trying for $3.00 credit. Lowest acceptable $2.80. Max risk $218. Max Gain $300. 62% POP
I will update if I get filled on this order. Better than 1:1 risk/reward and better than 60% probability of profit. Meets minimum requirement.
Personal opinion - this is great REIT. Previous high over $140 is almost a 2x from here. Good opportunity.
Chart Details
Bullish wedge price breakout.
Bullish EMA cross on 1/6 and Bullish 10WeekMA price cross on 1/9.
Next price targets in pink ($87 and $97). These are exits.
About Me
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Website will be ready for launch mid-January 2020.
Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, MCD Bullish
F – Ford Bullish Wedge, Gap Fills, and Earnings PlayRisk reward is 1:1. Multiple bullish signals.
Trade Entry
Feb. 7 expiry. Put Credit Spread. 8/10 strikes. $1.00 or more credit. Max risk $100. Max reward $100. POP 72%. (I would prefer better than 1:1 payout, so even trying for $1.05 or $1.10 makes a big difference). Minimum acceptable credit is $1.00.
Chart Details
Bullish flat bottom wedge forming in a consolidation since 2014 highs of $17+.
Price entering end of pattern.
Earnings on Feb. 4th.
Multiple gaps to fill up to $17.
10% increase in this ticker is less than $1 price increase. Good possibilities.
About Me
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Website will be ready for launch mid-January 2020.
Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, MCD Bullish
LEVI – Wedge Support Lowered – Pattern IntactUpdate from previous chart as wedge support was too high.
Trade Entry
Holding Feb. 21 expiry Put Credit Spread 18/22 strikes.
Chart Details
LEVI price looked to breakdown out of Bull Flag.
Support from previous chart was $18.87 from Jan. 6 low.
Support moved to Dec. 17 low of $18.68. Pattern intact if above exit.
Exit below $18.60
Bullish EMA cross above $19.08.
Price is already above 10WeekMA. EMA Cross will confirm bullish uptrend to gap fill.
About Me
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, BYND Bullish
Previous chart
LEVI – Bullish - Keeps Momentum Won’t Crease That DenimI see three different ways to enter this earnings and gap fill trade.
Trade Entry
1. Feb. 21 - $20 Calls for $0.60 each ($60).
2. Feb. 21 Put Credit Spread – 18/22 Strikes. $2.50 Credit. $149 risk. $250 reward.
3. Buy shares and trade. Cheap at $19.25
Chart Details
LEVI is coming up on earnings.
Bull Flag formation just about to breakout.
Bullish EMA Cross with Bullish 10WeekMA price cross.
Gap fill at $22 with earnings on Feb. 4th.
We are also coming off a double bottom on LEVI.
Good setup with good catalyst.
About Me
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, CRWD Bullish short term, ZM Bullish, BYND Bullish
GDX – Small Gap Missed Reason for Downtrend?Found a 3 cent gap around $27.87. Easy to miss. We are headed to gap fill, then back up in my opinion.
Trade Entry
I would look to place hopeful orders in the gap fill, and below the gap fill for overshoot.
I am holding 1/31 expiry options. May add to position if we get to the gap fill.
Market at ATH’s with GDX gap fills tells me things are ready to flip anytime into pullback/correction.
Chart Details
All other details other than the gap fill are the same as previous chart.
Bullish pennant failed.
Price retested recent highs.
Current price at $28 has 10% upside to last high around $30.
Daily trend did confirm bearish today.
Multiple gaps to fill above tells me price wants to go higher.
Watching RSI for bounce off support around 43. If we get below 40 RSI, trade is totally off.
About Me
Thank you for liking, commenting, throwing up a chart, following, or viewing.
I am not a financial advisor. My comments and reviews are based on what I do with my personal accounts.
Website will be ready for launch mid-January 2020. Thank you for your patience while I try to juggle everything and maintain the same standards.
Disclosure - I am long BTCUSD, GBTC. Short term GDX Bullish, SPXS Bullish, CRWD Bullish short term, ZM Bullish, BYND Bullish
