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Overreaction

Can SNAP slo-mo bounce from an earnings fall? LONGSNAP had a mild top and bottom line beat with last week's earnings and the price fall. Given SNAP's mediocre social media interface, I think the earnings were decent but I suppose most traders felt otherwise looking for more. Technically on the 1H chart, price is sitting at support at the bottom of the fair value zone. PVT and the Gaussian Awesome Oscillator are flat line trendlines. Reversion to the mean says SNAP will rise from current market price. I will go long. If price can rise and get to 11.5, the volume profile's volume void suggests it could easily cross over the mean VWAP into the 12.5 range for another leg higher. If you want my ideas of targets and a stop loss, please comment.
NYSE:SNAPLong
by AwesomeAvani
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.
SShort
by AwesomeAvani
1
TMF Bull Treasuries Triple Leveraged LONGTMF as shown on a 15 minute chart shows TMF in consolidation at the beginning of the weeks followed by a downtrend when the fed news of the rate hike came out. Today the general market dropped after some federal financial data came out and a treasury auction was a dud with little buyers confounded by Bank of Japan actions inconsistent with the path of the US Fed. The mass index indicator has signaled a reversal as the signal rose above the reversal zone and then dropped below the zone thus triggering. The Relative Trend Index documents the end of the downtrend with the signal line nearly returning above zero. Overall, I think this leveraged ETF overreacted to the federal news and the catalyst from Japan. I believe this to be an good point to enter long using the pivot low as the stop loss. Targets are 7.20 just below the mean anchored VWAP and 7.45 just below the lower boundary of the high volume area of the intermediate term volume profile. This offers modest potential profile for a relatively low risk.
AMEX:TMFLong
by AwesomeAvani
SVXY - easy way to find bounce back daysSo on the SVXY any time we have a very large spike to the down side pay attention to the price rejection on the bottom of the red candles with extremely large wicks 9 times out of 10 the following day we have a solid green day. Today is only the second time in 2021 we have had bad to back extreme dips with a slight green day in between the two huge red candles but as i mentioned pay attention that todays candle does not have a long wick meaning buyers are not rejecting this lower price which could mean tomorrow should be a continuation for todays price action. there are many other ways not just this one but this is a frequent one i watch which has helped me out tremendously
AMEX:SVXY
by Stock_Hustle21
SNAP - opportunity for some nice gainsBack when SNAP reporting earnings and had the miss due to the change in policy by APPLE with limiting how SNAP could market to it's clients i thought it was an extreme over reaction as the price literally fell off a cliff when i went digging into unusual whales i found very large call option bets placed out for end of NOV exp which seemed like they placed those options trades to collect premium only, as it was a multi leg strategy it also had very bullish call options included with some of the premium amount for a total option contracts totaling 1.3 million i tweeted out the chart weeks back stating i felt the price would remain in the colored box until those options expired so they could collect the premium and we would potentially see a jump back in the price action looks like we are closely approaching this coming to fruition, def should be a play to keep in your watch list
NYSE:SNAPLong
by Stock_Hustle21
JICPT| Concerns ease with HSI bouncing from false breakout! Hello international market traders. Recently, I've published several posts explaining how China's tightened regulation on the education & tech sector caused massive sell-off. Yesterday, I observed the investors calmed down a bit with Meituan rallied from weekly long-term MA support level as below. Today, I found more funds came in to buy those who suffered the most in the past 2-3 days, because their valuations become attractive, for example, Tencent rose by 10% today. From the daily chart, I can see index bounced back and closed above red line zone calculated by measured move of abcd pattern. The quick closing above the zone indicate false breakout. Looking above, the zone of 27513-27859 turned from support zone to resistant zone with MAs coming down. So, the likelihood of formation of impulsive bullish candles to penetrate the zone is slim. Pay attention to the zone if you're exposed to the Hang Seng Index or tech stocks. Basically, the individual stocks don't perform well with a declined broad market index.
TVC:HSILong
by JICPT
14
SPHS Oversold, Filling the Gap, cash/share > share priceSophiris Bio had a Phase III drug trial test showing the drug was not effective and the market overreacted. The chart has a cash/share value (mrq) of $1.74, the float is 16.78 Million Shares (note today's volume alone is a large part of that), so with a tiny float, more cash per share on hand than the market price, and upcoming results for new Phase III results for other products, one can see why people are buying this up right now.
SLong
by trademan1
2