DOD trade ideas
D - Safety + Appreciation PotentialD looks like it has a short term rendezvous at the trendline. Judging by a monthly chart, it could eventually be much higher in six months... but that's out of my perspective.
Technical analysis (D)Limit buy - 73,00$
Target - 77,05
Risk/Reward Ratio - 3,37
Stop-loss - 71,80
On this signal, buy 50% of the position
D short put 70, 42 DTESold D 70 strike, 4.2% from underlying for 11.55% AROI
42 DTE.
Dividend at the strike is 3.6%
I'm not in weekly demand here to initiate the trade, which would be proximal at 70.
But It has found some support at the -1 sigma range level and going sideways.
And since this is a Theta decay, there's no telling how long it can stay sideways and expire a put.
I've passed on many opportunities to grab 9 to 12% and thought price could move lower, but it just went sideways for 2 months, and left good premium on the table.
Not great, but not terrible either.
I'm thinking it gets stuck sideways at the 72.75 support level.
The hourly has pushed up and found top of the local range at 75.
So maybe it goes sideways for a couple weeks without going down to test 70, which I fully think it will.
I doubt it can stay much below 70 for a long duration over about 2 days because the dividend would be over 2x what the US10Y yield is at that point.
And I don't think the US10Y gets over 1.7 without the Fed coming in to smash it back down artificially.
DPrice action from the past says that this ticker is a strong chart.
This is infact the bottom
and cant wait for the lil bull run ;]
Pull Back FishingDouble bottom and prior inverse head and shoulders which now has 2 right shoulders )o: So call in a complicated inverse head and shoulders (o:
I guess the world of charts is not perfect.
Bottoms like triple bottoms, double or multiple bottoms can mark important levels of support. Candle tails/shadows, especially long tails can show support and candle wicks/tops can show resistance, especially long top wicks.
No recommendation/just feels like a time to be defensive.
Negative volume is high showing big money interest. Short interest is .94%. Stop can be close by on this one I would think. Under the head/green star would most likely be safest if you plan to keep longer ter,m.
Swing Idea #20: DTook a break down bad for the past few weeks. Anyways here is a falling broadening wedge on D (Bullish), just watching for now. Will be back later with a few more swing ideas.
Dominion Energy - bullish patternH1 frame: a WXY (double zigzag is in the process). Target - the zone between fibo extensions 1 and 1,27 for the wave Y (based on the length of the wave W)
Daily frame: a larger impulse followed by a flat pattern (marked also with a regression channel). Price may have formed a first impulse up in the direction of the prevailing trend, that is now being corrected.
Good luck!
Dominion EnergyChart pattern: Bull Flag
Entry: 78.58$ (this would end the trend of the correction)
Stop: 75.02$
Target: 88.25$
Risk/Reward-Ratio: > 2:1
Stopmanagement: ATR Stops daily chart default settings
D Daily BOPrice closed today with a nice BO from a descending triangle pattern in harmony with MACD crossing from negative to positive.
The 50 EMA also recently crossed above the 200 EMA which gives further confirmation of the trend change.
$D with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $D after a Negative Under reaction following its earnings release placing the stock in drift D
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XLU rebound sector market rotation - D Dominion Trading ideaBeautiful risk/reward play
The chart tells you everything :)
Comment if any questions : Like the indicator in my left chart in grey/darker grey is the VPVR (Volume Profil Visible Range)
Dominion Energy Inc. The next big move When you compare what is happening now to what happened at point 1 you will see a similar but opposite pattern. At point 1 you will see that after the abc pattern completed the saw a total reversal, now a bigger abc pattern is completing. A possible reversal ahead. Comment what you think below. Don't forget to click the like if you do. Thank you.
D is breaking through major volume support. Zoltar say, stars are saying D is heading down. Watch for recurrence of long duration oversold indicators (the two small boxes), the longer it stays in oversold territory, the lower it goes.
Bullish Cyper PatternD (Dominion Energy is testing the D level that ends this pattern. If price falls more than a 10 to 20 cents below 72.66, the pattern is not valid..D can not go below X for this pattern to be valid.
C must be higher than A for the pattern to be valid and there are a lot of fib rules that this harmonic pattern must meet to be valid. All harmonic patterns have fib rules and can get very confusing. This one is easier for me to pick out as C is higher than A and that makes it stand out to me. The Gartley pattern C is below A.
These patterns come in bullish and bearish versions, but if you know them, you can go long at the optimal time and also be close to your stop. Like any pattern, these can fail. If price falls too far below D..have a stop so you will not be risking much.
Whether you go long or short you can make money on either the bullish or the bearish harmonic patterns because if you know them well enough, you can almost pinpoint where they will trun. IE, had I known this was a cyper pattern, I could have went short at C until it got to D. Thing is, often you do not know which one it is until rules are met. The cypher pattern is a bit different and for me, it is easier to read than some..but it also occurs less frequently than the others like the butterfly, ABCD or the Gartley. ABCD is included in the harmonic patterns but is also a harmonic pattern when it stands alone. You can start figuring out which pattern it may be by where the AB leg lands. Lots of info available on harmonic patterns online, YouTube and books by S Carney.
It is not unusual for a retest of D to occur and sometimes more than 1 retest of D occurs.
Not a recommendation
(D) Dominion targets short to mid term good returnEnergy sector doing well dominion moving to renewable energy we've got 3 targets to sell at and a decent buy range macd is currently crossing just keep an eye out and set stop losses
Traditional|D|ShortShort D
Small idea.
TA:
Enter the trade when the support of the triangle (lower line) is broken.
Reasons: formation of three peaks of almost the same level, weakening of the RSI (Screenshot attached).
Change in local dynamics inside the triangle (min/max going down).
Orange is the last support zone, when it breaks and fixes, the trade can be closed (If it was opened).
Take - green zone.
D LongDemand zone below Sideway consolidation
Entry 73.5
Stop 71
Target1 80
Target2 86
I am not a PRO trader. I trade option to test my trading plan with small cost.
The max Risk of each plan is less than 1% of my account.
If you like this idea, please use SIM/Demo account to try it.
