$MASI Cup with Handle Formation?NASDAQ:MASI This one has been in a longer-term downtrend which broke out in March then failed. When looking at the weekly chart, it looks to me that this latest formation can be classified as a Cup w/Handle.
In addition to the Cup w/Handle formation it has come down, tested and bounced off the 40 Week MA (White line) which seems to have acted as support.
I had an alert on the higher downtrend line as a trigger for a breakout of the Cup w/ Handle formation. It triggered today so I have opened a ½ size position with a stop on a close below the 40 Week MA. Which is a 4% stop. Now I can only manage risk, but I will look to add on follow through. All TBD.
The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
Spq
$TSLA Right at Resistance.NASDAQ:TSLA I had an alert set on the Area of Resistance Line on this chart. It triggered this morning and I have taken a ½ size position in anticipation of that becoming support. I do not know if it will play out that way so I have a stop under the 50 DMA (red) which would a 4% position risk. Should it move up and over the resistance area I will look to add. All TBD.
The chart I am using is the All-In-One LevelUp tool available here on TV. Check it out.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
$ILMN Ready for a Base Break?Looking at this weekly chart it looks to me that sellers finally capitulated the week of November 13, 2023. Since then, it is mostly green accumulation, and it is holding price on lower and lower volume.
You can see the flat base as identified with the LevelUp chart. I had a position earlier this week and stopped myself out for no gain. I re-entered today in anticipation of the breakout around $150.
I like these early entries as I can set my stop just below the weekly low for a minimal risk to reward. It is one you may want on your watchlist.
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
SPY HEAD AND SHOULDERS DOWNSIDE TARGETHead and Shoulders heights gives a target of 198
SPY MAY 27 203 PUT @$1.25
RISK DISCLAIMER
Options involve risks and are not suitable for everyone. Option trading can be speculative in nature and carry substantial risk of loss. Only invest with risk capital.
topandbottomtradesignals.net
SPY WEEKLY OPTIONS TOP AT 207?SPY TOP at 207?
SPY overbought at resistance?
SPY April 15 207 P @ $.85
RISK DISCLAIMER
Options involve risks and are not suitable for everyone. Option trading can be speculative in nature and carry substantial risk of loss. Only invest with risk capital.
topandbottomtradesignals.net
SPY WEEKLY OPTION 205.50 RESISTANCESPY WEEKLY OPTION 205.50 RESISTANCE
Will resistance hold?
SPY Weekly Option Trade
SPY April 15 206 P @ $1.50
RISK DISCLAIMER
Options involve risks and are not suitable for everyone. Option trading can be speculative in nature and carry substantial risk of loss. Only invest with risk capital.
topandbottomtradesignals.net
50% PROFIT ON STRADDLE SO FAR50% PROFIT SO FAR ON SPY STRADDLE
SPY APR 8 203.50 P @ $ 30
PUT HIGH OF THE DAY &.88
CALL PORTION OPENED AT $.09
for a total high price of the day $.97
so far for the straddle
FOR A 50% PROFIT SO FAR
APRIL 4 STRADDLE
SPY APR 8 208 C @ $ 33
SPY APR 8 203.50 P @ $ 30
RISK DISCLAIMER
Options involve risks and are not suitable for everyone. Option trading can be speculative in nature and carry substantial risk of loss. Only invest with risk capital.
topandbottomtradesignals.net