$USO Looks toppyUSO trade idea - start building short as USO has followed the channel and appears to have topped.
Measured move would be towards bottom of channel now.
Stop loss near previous highs.
I like this idea because while many names are currently down and hard to short in the hole, USO appears to have just started rolling over. Technical indicators are pointing to sell signals as well.
Let's see !
Tradethechannel
$CELH Short IdeaTook profits on my longs and flipped short (10/15 $85 Put) on Celsius .
Appears to be a top channel rejection with a pretty bearish engulfing candle. Small volume pocket below bears and profit taking could easily push this to $79. Bearish confluence on indicators as well.
Just praying reddit doesn't mention the ticker and it pumps to $500 : )
$TSM watch for break of channelTSM on the weekly has recently formed a triple bottom, trading the channel. MACD looks ready to cross and a close above AVWAP, watch for a breakout here.
10/15 $125c or 130/125 debit spreads as an idea to play the breakout.
Rejection of top of channels invalidates trade.