SABR trade ideas
IF ONLY I Checked the Pre-Market... Daytrading RECAP 04/13/20Hi traders,
Hope you enjoyed the holidays as much as the lockdown allowed you to! Let's take a closer look at one of my Monday trades.
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the description.*
SPY was down for the first 1.5 hours and then retraced, spending the better part of the day in a range.
Four trades today:
1) RCL - SHORT @34.83, closed just before the close after it ranged all day together with the SPY for +1.43%
2) SABR - SHORT @5.59, did a couple of mistakes I discuss in-depth in the video. -1%
3) PAA - LONG @6.31, a nice cup and a handle formation, albeit a little extended. It pulled down with the SPY before finally taking off without me. -1%
4) MU - LONG @45.49, initially a short idea, MU turned quite strong later in the day. Similarly to PAA it shook me out before making the anticipated move. -1%
Total PnL for the day: -1.57%
Total PnL for the week: -1.57%
Good trades,
Tom | FINEIGHT
SABR S1/S2 and R1/R2 with Pivot line based on my own analysisSABR S1/S2 and R1/R2 with Pivot line based on my own analysis
These S/R lines are NOT the calculated standard formula Support and Resistance levels.
These are based on reading and my own analysis of the Price action over last 2 weeks.
Pivot Line is the Line where SABR price action 'pass thru' MOST candles bars in the last 2 weeks .
My analysis is that these S/R lines are good for 'next 10 trading days '
Support and Resistance Sabr(Long Term)These are my support and resistances for Sabr that I have been using since start of 2018. Sabr is again a solid and stable company that is part of the tourism and travel sector. They have been trading between the $20-$26 range for over 2 years now and will continue to do so in the future(if not higher). Really good company here that has the potential to grow exponentially.
Sabre looking good!Sabre is a travel information company. It recently dropped from around $20 to $6. It was oversold and is now just in the proper RSI range. It can easily hit $20 again with the stimulus package and possible extra funding for certain companies. In early January, it made a deal with Google that will last 10 years so it may be a good long-term stock as well.
If you find my ideas helpful, please give me a like and a follow. Thanks!
$SABR investors react positively to cost cutting Sabre Corporation SABR announces pay cuts, as well as suspended dividend and share repurchases in an effort to preserve cash and maintain ample liquidity amid a possible financial crisis due to the coronavirus outbreak. Per the company, the preemptive measures would help it save more than $200 million in costs.
On Mar 20, the travel software company said that it would cut 25% of salary of its U.S. employees as well as CEO Sean Menke. The company noted that the pay cut is a temporary measure undertaken to combat the crippling impact of coronavirus on its finances.
Furthermore, Sabre has decided to temporarily suspend its 401(K) program for U.S. employees. Also, the company will reduce the cash retainer for its board members. Globally, the company is working out salary plans on a country-by-country basis.
Sabre Suspends Dividend and Share-Buyback Plans
Sabre has suspended its quarterly dividend and share-repurchase program to shore up the company’s balance sheet as it braces for a period of revenue slump amid the virus mayhem. On Mar 16, the company’s board voted to defer all its dividend payments occurring after Mar 30. This Zacks Rank #3 (Hold) travel software company has not specified the tenure of suspension.
source zacks
SABR Bearish Bat Bearish Bat w/ bearish divergence on the volume weighted MACD
- .886XA
- 1.27AB=BC
- 1.618BC
*Purchased April $22.50 puts @ .60*
SABR - short from 26.47SABR seems forming a Flag & pole formation following by a decline with earning release. There was big insider selling back in March. We think it will decline further & our first target is 23.57
You can check our detailed analysis on SABR in the trading room/ Executive summery link here-
www.youtube.com
Time Span: 8:10"
Trade Status: Pending
