3S9 trade ideas
$RUN 2/28/21$RUN
AFTER DUCKING MY TARGETS FOR A FEW WEEKS AND PULLING BACK WITH THE REST OF THE MARKET EXPECT A LITTLE RUN UP AFTER THE GOOD EARNINGS.
ALSO A POTENTIAL CATALYST IS THE 3T INFRASTRUCTURE BILL THAT IS IN THE WORKS. WITH THE NEW ADMINISTRATION THERE COULD BE MORE SPECULATION INTO GREEN ENERGY.
THIS IS NOT FINANCIAL ADVICE AND IS POSTED FOR MY RECORD.
RUN, MACD Histogram just turned negativeThis is a Bearish indicator signaling RUN's price could decline from here. Traders may explore shorting the stock or put options. Tickeron's A.I. dvisor identified 44 similar cases where RUN's MACD histogram became negative, and 35 of them led to successful outcomes. Odds of Success: 80%. Current price $68.83 crossed the resistance line at $70.54 and is trading between $70.54 resistance and $67.97 resistance lines. Throughout the month of 01/14/21 - 02/17/21, the price experienced a -17% Downtrend. During the week of 02/09/21 - 02/17/21, the stock fell -4%.
Bearish Trend Analysis
The 10-day RSI Indicator for RUN moved out of overbought territory on January 14, 2021. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 45 similar instances where the indicator moved out of overbought territory. In 34 of the 45 cases, the stock moved lower in the following days. This puts the odds of a move lower at 76%.
The Stochastic Indicator may be shifting from an upward trend to a downward trend. Tickeron A.I. detected that in 44 of 59 cases where RUN's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are 75%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where RUN declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 70%.
RUN broke above its upper Bollinger Band on February 11, 2021. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
I'm still bullish on $RUNMy original thesis was a cup and handle inside a pitchfork. That may have been busted by todays market dip, but I am I also believe it could be an anomaly. Tomorrow will be very telling.
A green day puts us back in the pitchfork and on track for our handle to really lift off. A red day we will hit the .618 and I am setting that as a hard stop-loss.
$RUN at a previous support/.618 retrace with HBD on 4h and D$RUN is at a previous resistance/support. Also at the .618 retrace from the october low to the jan high. Should be a strong support. Risk management is easy since you wouldnt want to go much under this support. the HBD looks great on both time frames. Would target a previous high. Could take profits at that point and let some ride.
RUN - Possible Breakout Opportunity
RUN looks like it's finally breaking out to the upside here. Drawn with the furthermost trend lines (purple lines) on the wicks, this should be in a safe spot to expect a pullback for entry in the 75.50 - 76.50 zone before another leg up.
There are two areas that are considered the golden retracement zones (50% and 62%) for any possible rejections. These are my interest areas to capture profits. Levels to be aware of are 79.00 / 81.50 / 84.50 / 88.50 on the upside. This plan will be considered a failed break out if it closes under 74 or 73.50 to be more precise.
200-count Linear regression also helps visualize this trend as it's above the midline and continuing to point upwards. Pullback via linear regression also shows the 75.50 - 76.50 area as support.
Only downside is that the momentum of the push wasn't as great as I had expected and seems to be fizzling out. Perhaps a sector rotation back into Energy - Clean energy would help push this further.
There's also a possibility of a run-up towards the earnings at the end of month. I expect to take off most of my position by then, as their preliminary earnings release (and sell off afterwards) goes to show that investors' money can be better spent elsewhere in the meantime. At least, until it can fit the assumption that RUN is worth what it is at this price.
beautiful trend channel for calls and puts! love it :)great dip entry for shares/long term calls in my opinion. this trendline support should hold! history always repeats itself, so why wont it happen this time? exactly. long 75, stop loss 67 and target 100-110+ by April. amazing risk reward here, and the chart can go higher if top trendline resistance breaks. goodluck :) leave a like !