BarnardR

BarnardR Updated 

Description DKNG appears to have made a break in the neckline as well as a back test, and I will be entering a starter Long Put position. For the larger time frame, refer to the idea I published here: Technical Indicators: Break in the neckline Death Cross on 29OCT Neckline rejection today Good volume on the breakout Using Long Puts Long Put...

BarnardR Updated 

Description Snap has been working this pattern since DEC20, making its ATH in September of 21' and appears to have broken the lower accumulation line. The trigger for the short position is @ 50 on the weekly time frame, but 49 on the daily time frame, so the position here is a starter. Following a back test or definitive continuation, I will be adding to the...

BarnardR Updated 

Description DUK has been working this patter that looks a lot like a head and shoulders, missing some volume indications. If so, the neckline has been broken here at 97. As always, most patterns are not confirmed until they are already over. The break through 97 is the signal for the entry, and also the stop loss for the position. Using long puts to leave the...

BarnardR Updated 

Description WMT double rejection off 152 along with converging MACD looking bearish. This is a re-entry from a related idea. Using A put debit spread, because profits are always limited by time. Put Debit Spread Levels on Chart SL > 152 *Stops based off underlying stock price, not mark to market loss The Trade BUY 11/26 149P SELL 11/26 135P R/R &...

BarnardR

Here we see a right angle broadening formation, with the accumulation line on the bottom. What appears to be an island reversal pattern appeared in the daily chart, marked by the yellow rectangle, which is typical of congestion patterns like this. Broadening formations are typical of late stage bull markets and are accompanied by irregular volume throughout. A...

BarnardR Updated 

Description TWTR remains in extended downtrend that began in FEB of this year. Began broadening formation in August that ended in a breakout to the downside of both the broadening formation and the major trendline that began in MAR of 20' Long Put Levels on Chart SL on a daily close over the lower trendline in the broadening formation. This can happen and a...

BarnardR Updated 

Description AAPL makes ATH today and closes above, signaling supply is exhausted. Using long calls. Long Call Levels on Chart SL < 157 *Stops based off underlying stock price, not mark to market loss The Trade BUY 11/26 162.5C R/R & Breakevens vary on fill. The long call is placed to achieve desired debit. Manage Risk Only invest what you are willing to lose

BarnardR Updated 

Description BA gapped out of the pattern, a strong signal, and made a nice bullish candle on strong volume. We'll be looking for this move to continue. Related idea linked, almost entered on friday, but didn't quite cut it. Using A call debit spread, because profits are always limited by time. Call Debit Spread Levels on Chart SL is a daily close back in the...

BarnardR Updated 

Description DHI has been working this descending channel since hitting an ATH in May of this year, and off the earnings we may be seeing a break out. A close > 94 triggers a long. Using a call debit spread, because profits are always limited by time. Will look to enter at EOD. Call Debit Spread Tentative Levels on Chart SL is a daily close back in the...

BarnardR Updated 

Description Been watching these fans lines play out in accordance with the Fan Principle in general technical analysis, but did not want to enter a position off of them. Now, off of the third fan break and and ATH break, it seems that the principle has held true, and signaled an end to the intermediate corrective trend. The break and close over ATH signals a...

BarnardR Updated 

Description BABA remains in extended downtrend that began 27OCT20, now has rejected new supply line established 20-22OCT. Technical Indicators: Fallen back below 50D EMA Bearish MACD convergence Supply line Rejection Using A put debit spread, because profits are always limited by time. Put Debit Spread Levels on Chart SL > 178 *Stops based off...

BarnardR Updated 

Description GM Huge supply line right at the previous ATH, 64. I was initially looking for a break and close over this line for a long entry, but this is a solid rejection for a credit spread. Call Credit Spread By Expiration Max loss occurs at any strike over the long call (66) Max gain occurs at any strike under the short call (64) SL > 340 *Stops based...

BarnardR Updated 

Description MSFT cooling off of ATH. Looking to take advantage of this by selling some TVP on the end-of-month contracts. MACD looking to cross Call Credit Spread Levels on Chart SL > 340 *Stops based off underlying stock price, not mark to market loss The Trade BUY 11/26 345C SELL 11/26 340C R/R & Breakevens vary on fill. Looking to make 18% return...

BarnardR Updated 

Description AAPL Demand line rejection and impending bearish MACD Cross. Long Put Levels on Chart SL on a daily close > 150. *Stops based off underlying stock price, not mark to market loss The Trade BUY 11/19 145P R/R & Breakevens vary on fill. Manage Risk Only invest what you are willing to lose

BarnardR Updated 

Description PYPL moving up into the gap that was created following the earnings release. Not all gaps will be filled, but they give a good clue as to how supply and demand will play out. I would typically put on a call credit spread for a long position, but this low volatility, lethaly-injected environment lends to being a seller of options. I am also "hedged"...

BarnardR Updated 

Description TSLA has to stop at some point, right? Risk here is limited by time, 1 DTE to make a couple points. Call Credit Spread Levels on Chart SL > 1250 *Stops based off underlying stock price, not mark to market loss The Trade BUY 11/05 1260C SELL 11/05 1250C R/R & Breakevens vary on fill, super tight trade though, risking 1000 to make...

BarnardR Updated 

Description LYFT has been working this wedge since FEB of this year, and now we're starting to see a breakout to the upside. A close > 53.5 triggers a long. Using A call debit spread, because profits are always limited by time. Call Debit Spread Levels on Chart SL is a daily close back in the wedge. *Stops based off underlying stock price, not mark to market...

BarnardR Updated 

Description Watching this wedge for BA. A close over the descending trendline in the wedge will trigger a long. Seeing bullish convergence on weekly MACD. Some good news has come out in the last couple weeks, indicating fine time for a supply/demand shift. Using A call debit spread, because profits are always limited by time. Call Debit Spread Tentative...