$SPOT the overvalued stock..Be real.. I’m an Apple Music/ Apple applications guy. This stock just seems a little too bloated for me. I’d like to see a retrace to that gap up, this market is volatile and this thing can move hardbody either direction. I’d take my chances with a short for about 50 days out, $560 is the target. I got a bearish rising wedge forming possibly here and some FIB retrace and Elliot Waves. Very expensive premiums as well. Have fun.
WsL
Newtrader
$MSFT $SNOW sympathy play, $390-$400 SupportNASDAQ:MSFT NYSE:SNOW — Microsoft is like a snail in this AI/ Tech race but I suppose that shows strength because no major drops and holding zones well. Bottoms after bottoms. I’m looking for short term calls here. As of today, ending week 2/28, I may try $405c. But can see this retest the $420s weeks to come.
WallStreetLoser
$COIN Spinning Stop Candle in Downtrend; ReversalWe have 7 days of straight beating, assault, slaughter and murder. Do I think this thing reverses 10 fold? No but do I expect a bounce into the mid 220’s? Yes. RSI is relatively low (sold) for its name, it fundamentally smashed earnings and the candle here that closed on the daily is known as a spinning stop with a green closure. Expect a volatile move soon - tomorrow or and into Friday. NASDAQ:MSTR held up well today. This is always a craps shoot, no matter the trade, no matter the look of the chart and all the indicators we use. It just creates an edge. Good luck. I’m going to look at calls here for a bounce.
Wall Street Loser.
$META long or short?Indecisive on this ticker. I like what Zuck is trying to do. This chart looks pretty nice. I’m seeing upside into the earnings and maybe this earnings NASDAQ:META will go up $50+ (hopeium). Let me know what you guys think. I want to see 700’s and honestly it could be insane, yet not so insane in this current market, to try and hit 800. Look at other tickers, NASDAQ:CRWD lost $200 in what a month? Then regained $200 or so in 2-3 months? NASDAQ:NVDA speaks for itself, NASDAQ:MSTR , these large MC names can do wild things.
Wallstreet
$AVGO downside potential target $220.Multiple time frames it gives me downside vibes. Not sure how quick the move will come or be, I expect $220 then break into the $217 support. Short term puts here. May give it a go Friday / Friday into close. Will keep eyes on the development of time frames Friday.
WSL
$OLLI bearish rising wedgeDoing some more homework here, NASDAQ:OLLI seems to be in a bearish rising wedge and broke out of it on the downside. Unusual flow I seen while doing my due diligence coming in sweeps and At Ask and Above Ask which indicates aggressive buying; looking to get in at any cost. I am seeing 100% Buys vs. Sells, flow is bearish sentiment, sweeps and roughly a total of $200K in premium. The stock jumped off earnings with revenue missing by over a 1% but earnings was below 1%. The dates here are Jan. 17th, 2025 and a Feb. 21st, 2025. I will be giving these a shot for a small bargain. Will update.
WSL
$NVDA sideways 2 months, what's brewing?I have a couple charts indicating to me that an upside move will happen, when? That's not up to me. It's been a while since NASDAQ:NVDA has had a 10% week, maybe it's to come soon? I see a inverted head and shoulders on a 4H chart and a little flagging going on here on the 1W? Interesting to see how this will play out.
WallStLsr
$BA eyes in the sky.. Off lows in November 13th to 15th, NYSE:BA Boeing has soared 33% ($44) in 30 or so trading days. Off recent news this weekend, 12/28-12/29, three planes crashed which two were Boeing made and all had deaths from said crashes. Seeming how this stock has risen intensely and quickly I think this could be a good spot to short it within 30 days or so expiration. It may be down in premarket tomorrow, 12/30, I'm hoping I can get a piece of the action. Short term puts here and a possible long for 2025. Bullish momentum for the last 3-4 weeks, RSI is over 65, it happened to drop from $200 zone into its lows in November. My price targets are $175 and $170.
WSL
$NVDA inverted h&s 4H daily. Short term play. I grabbed 200 cons of 150c for 1/3/2025 avg. @.17. I may be crazy but I’m fun. Should see a burp to $140. $135 very very strong. Low volume today and the whole market reacted the same way so not really too worried. Looking to see where we are New Year’s Eve with a shortened week once again but the tendency seems to be super boost before a holiday. Day before Thanksgiving and day before Christmas the market went big green but we have a full day NYE not half. Also within that tendency there seems to be some type of dip prior. Interesting to watch. Strong close 12/27. We’ll see, we’ll see. I’m manifesting $140 Monday and $144 Tuesday and I’d sell 150 contracts. I’ll be in touch.
WSL
$QS Quantum QrazyDon't miss this. Possible port changing play here. Quantum is disgustingly hot, this ticker has had larger highs year ago and above $9 this year. Trend in the sector and volume. IV% on options are exquisite, use it to your advantage. I grabbed $6c 1/17/2025 and $10c 1/17/2025. Talk to you soon.
Wall St. Lsr
$MRNA can’t find a bottomThis name has been on my watch the last 6 months. I continued to wait for a possible bottom for a position but every time it pops it just goes down some more. Another delisting here on the $NASDAQ. I expect this to reach newer lows below $36. NASDAQ:SMCI in the same boat. This chart actually looks prime for more downside with these candles. Short it.
WALLSTREETLOSER
$MRNA hasn't been here since APRIL 2020.. pt. 2Posted a quick chart via phone earlier but had to take a look on the desktop. A crucial point here at a supply that once took off 4 years ago.. interesting. Target is $35, leave runners once $36 hits. This could have been a bottom for NASDAQ:MRNA but after the rebalancing of the NASDAQ this may bottom out at $30.
WSL
$SMCI slippy downside; $29 targetWith the rebalancing of NASDAQ, removal of NASDAQ:SMCI after it got a pump from it submitting financial reports to keep it from being delisted the big dogs realize this fraudulent company isn’t worth the risk, investment and headache. I expect below $30. Easily can be down 5% this week and that’s modest. Official date is December 23rd. I will be entering $30p for a swing. There was tons of buying at sub $20’s. There will be tons of selling here. How do people invest in a company who can’t report on time, falsify numbers, auditing team quits on them? Sometimes you don’t play the charts, you play the god damn news. Look at NYSE:UNH , look at my past post & chart. That thing got smoked. NASDAQ:MRNA is next.
WALLSTREETLOSER