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SNAP is range-bound and at support - I'll bite at 10.46The title kind of said it all here. Since I'm underexposed in this area and everything else that's decent and on sale today is in areas I already have exposure to, I'm taking a quick flip shot here. It's already pulled back 16% from its most recent high, so I like my odds here. Historically, the algo I use for buy signals is 251-4 on SNAP with an average gain on this type of trade being .14% per day held, or about 4x the average daily return of SPY. Earnings are soon and I hate trading near earnings, so this is designed to be a quick in and out trade. Per my usual strategy, I'll add to my position at the close on any day it still rates as a “buy” and I will use FPC (first profitable close) to exit any lot on the day it closes at any profit. As always - this is intended as "edutainment" and my perspective on what I am or would be doing, not a recommendation for you to buy or sell. Act accordingly and invest at your own risk. DYOR and only make investments that make good financial sense for you in your current situation. Lots currently held: Lot 1: 10.46
NYSE:SNAPLong
by redwingcoach
NVDA Approaching Resistance! Key Trade and Options Setups. Jan. Technical Analysis for Trading: * Current Price Action: NVDA is showing bullish momentum, approaching a key resistance level at $153.13. * Trend: Uptrend on lower timeframes, with higher highs and higher lows forming. * Support Levels: * Primary support: $138.81 * Secondary support: $129.60 * Resistance Levels: * Immediate resistance: $147.03 * Strong resistance: $153.13 * Indicators: * MACD: Positive momentum but showing slight divergence. A pullback is possible if momentum wanes. * Stochastic RSI: Overbought (91.60), indicating the potential for a short-term pullback. Trade Scenarios: * Bullish Scenario: * Entry above $147.50 for a breakout move. * Target: $153.00 and $155.00. * Stop-loss: Below $145.00. * Bearish Scenario: * Entry below $144.00 for a retracement. * Target: $138.81 and $135.00. * Stop-loss: Above $147.50. GEX for Option Trading: * Key Gamma Levels: * Strong resistance at $153.00 (75.47% GEX). * Support at $138.00 (32.07% GEX). * Call Wall: $153.00 (Highest Positive NETGEX). * Put Wall: $129.00 (Strong support zone). * IV Analysis: * IV Rank (IVR): 6.8 (low IV, cheaper options). * Options Sentiment: Calls are dominant at 62.4%, indicating bullish sentiment. Options Strategy: * Bullish Play: * Buy Call Options with a $150 strike expiring in 1-2 weeks if NVDA breaks above $147.50. * Target premium increase as price approaches $153. * Bearish Play: * Buy Put Options with a $140 strike expiring in 1-2 weeks if price drops below $144. * Target premium increase near $138 support. Disclaimer: This analysis is for educational purposes only and does not constitute financial advice. Always perform your own research and trade responsibly.
NASDAQ:NVDA
by BullBearInsights
Elliott Wave View: Amazon (AMZN) Impulsive Rally in ProgressShort Term Elliott Wave View in Amazon (AMZN) suggests rally to 233 on 12.16..2024 ended wave ((3)). The stock then pullback in wave ((4)) which unfolded as a double three Elliott Wave structure. Down from wave ((3)), wave (W) ended at 218.35 and wave (X) bounce ended at 230. Wave (Y) lower ended at 215.57 which completed wave ((4)) as the 30 minutes chart below shows. The stock has resumed higher in wave ((5)). It has managed to break above wave ((3)) at 233 and made all-time high. This confirms the next leg higher has started and opens up short term bullish sequence. Up from wave ((4)), wave (i) ended at 221.82 and wave (ii) ended at 216.2. Wave (iii) higher ended at 223.44 and wave (iv) ended at 220.75. Final leg wave (v) ended at 225.31 which completed wave ((i)) The stock then corrected in wave ((ii)) at 220.01. The stock has resumed higher and soon should complete wave ((iii)). It will then pullback in wave ((iv)) before turning higher again in wave ((v)) to end wave 1. Near term, as far as pivot at 215.57 low stays intact, expect pullback to find support in 3, 7, 11 swing for more upside.
NASDAQ:AMZN
by Elliottwave-Forecast
BABA under valued by 31% at least Risk-reward ratio: 1to112 I believe over the next years BABA could go to $200# Wallstreet target: 124.24 The Reason: China is a winning economy and growing GDP Intrinsic Value: 121,99$ Alibaba Group Holding Ltd. stands as a titan in the e-commerce realm, a juggernaut that has revolutionized how business is conducted in China and beyond. Founded in 1999 by Jack Ma and his partners in a small apartment in Hangzhou, the company blossomed from a modest online marketplace into a sprawling digital ecosystem. At its core, Alibaba operates some of the largest online platforms in the world, including Taobao and Tmall, catering to millions of individual consumers and businesses. Taobao, akin to eBay, provides an open-market platform for small businesses and entrepreneurs to reach consumers directly, while Tmall offers a space for international and Chinese brands to establish virtual storefronts. The sophistication and scale of Alibaba’s e-commerce operations have been supplemented by innovative business models like Singles' Day, the world’s largest online shopping event, which epitomizes their prowess in blending digital savvy with consumer psychology. PE: 17.2 undervalued Technicals: VWAP + FIB Golden + POC
NYSE:BABALong
by Risk_Adj_Return
Inverted Bull Hammer candlestick pattern (weekly chart)Nike has confluence with the RSI already going on up and both MACD and Signal line at the 0 line as well. Strong support is shown at the 70's level and already rebounding upwards, just like when Nike fell through mid 2024. The Inverted Hammer candlestick formation occurs mainly at the bottom of downtrends and can act as a warning of a potential bullish reversal pattern. What happens on the next day after the Inverted Hammer pattern is what gives traders an idea as to whether or not prices will go higher or lower. The Inverted Hammer formation is created when the open, low, and close are roughly the same price. Also, there is a long upper shadow which should be at least twice the length of the real body. After a long downtrend, the formation of an Inverted Hammer is bullish because prices hesitated to move downward during the day. Sellers pushed prices back to where they were at the open, but increasing prices shows that bulls are testing the power of the bears. Read more at: commodity.com
NYSE:NKELong
by Jordannicoli
NFLX rocketNFLX will rocket to 1100 after a brief pullback. Previous all time high will be the first place to look for a long trade. Trade idea: long = 942 stop = 930 profit = 1100 Options data: 1/31 expiry Put Volume Total 29,405 Call Volume Total 56,545 Put/Call Volume Ratio 0.52 Put Open Interest Total 16,822 Call Open Interest Total 17,012 Put/Call Open Interest Ratio 0.99 2/21 expiry Put Volume Total 17,470 Call Volume Total 23,490 Put/Call Volume Ratio 0.74 Put Open Interest Total 34,267 Call Open Interest Total 39,581 Put/Call Open Interest Ratio 0.87 3/21 expiry Put Volume Total 13,693 Call Volume Total 15,324 Put/Call Volume Ratio 0.89 Put Open Interest Total 33,647 Call Open Interest Total 34,210 Put/Call Open Interest Ratio 0.98
NASDAQ:NFLXLong
by Options360
1/22/25 - $fslr - r/r merits a punt long <$1751/22/25 :: VROCKSTAR :: NASDAQ:FSLR r/r merits a punt long <$175 - my fav solar name remains NASDAQ:NXT , don't get it twisted - but if say NASDAQ:NXT is my $tsm.... NASDAQ:FSLR is my $nvda. it's a bit higher octane, bigger cap. more headline grabby etc. - double the mgns of NASDAQ:NXT , but big capex (why i like NASDAQ:NXT is it's much capital-lighter) - but don't forget agent orange has elon on the team and guess who remains +ve solar. yuh yuh credits this credits that. look... if we r going to "drill drill drill" - and don't say i didn't write about this event - the best scenario is a balance generation profile and we export a lot of oil. - does it take time? is this the low V? no clue fam. - but the sell off looks like a quick buck/ punt sub $175. so i've done some S calls to size up gross without touching my notional. just flagging in case you're inclined to opine, troll me or otherwise just follow along. V
NASDAQ:FSLRLong
by VROCKSTAR
Oracle’s Next Big Move: $200 and Beyond – Are You Ready? 🔥 1. Strong Analyst Confidence Evercore ISI: Raised price target to $200, maintaining an Outperform rating. Cantor Fitzgerald: Initiated an Overweight rating, signaling high confidence in Oracle's growth. Consensus Target: Analysts' mean price target of $197.07, with a high estimate of $220, highlights significant upside potential. 💰 2. Valuation and Earnings Strength Current Price: Trading at $161, Oracle is well below its all-time high of $198.31. Fair Value: Simply Wall Street values Oracle at $261.81, indicating the stock is 39% undervalued. Earnings Growth: Oracle delivers consistent earnings growth at 16.5%, showcasing its financial resilience and expansion potential. ⚡️ 3. Growth Drivers Cloud Leadership: Oracle continues to expand in cloud computing, challenging AWS and Microsoft Azure. AI Integration: Oracle’s investments in AI-powered solutions position it to capitalize on the AI and data revolution. Global Expansion: Enhanced data center infrastructure worldwide is strengthening Oracle’s market reach and competitiveness. 📈 4. Technical and Price Action Support: The price is respecting a long-term uptrend support, with a recent bounce confirming the start of a new bullish wave. Momentum: RSI and Stochastic Oscillator indicate a reversal from oversold conditions, signaling increasing bullish momentum. Historical Patterns: Previous rallies from the support of 27.93% and 38.20%, suggest Oracle could replicate similar upward moves. 🔹 Price Targets: 🎯 $170 (+5.6%) 🎯 $180 (+11.8%) 🎯 $200 (+24.2%) 💡 Conclusion Oracle is backed by strong fundamentals, growing cloud and AI capabilities, and bullish technical indicators. With a clear path to $200, the stock offers an excellent opportunity to capture gains at current levels. 🚀
NYSE:ORCLLong
by ValchevFinance
2
SHORT ORCLOracle Corporation (ORCL) has recently experienced a decline due to underwhelming earnings and concerns over its valuation. The stock is currently trading at $183.47. Given the elevated implied volatility in the options market, a short call strategy may be more cost-effective than purchasing puts. Trade Plan Details 1. Short Call Strategy: Strike Price: $190 (above current trading price) Expiration: March 2025 Premium: Collect premium by selling call options at this strike. 2. Position Sizing: Contracts: Determine the number of contracts based on your risk tolerance and account size. Risk Management: Ensure the total potential loss does not exceed your predefined risk threshold. 3. Profit Target: Objective: Profit from the premium received, anticipating that ORCL will stay below the $190 strike price by expiration. 4. Stop Loss: Exit Strategy: If ORCL's price approaches the strike price, consider closing the position to limit potential losses. Rationale Earnings Performance: Oracle's recent earnings report showed revenue of $14.06 billion, slightly below expectations, leading to a stock decline. Valuation Concerns: Analysts have downgraded Oracle due to overvaluation concerns, suggesting the stock may face further downward pressure. Implied Volatility: Elevated implied volatility makes selling options, such as short calls, potentially more profitable due to higher premiums.
NYSE:ORCLShort
by StayoA1
2