FriscoTrades

FriscoTrades Updated 

Tesla seems to have broken out of downward channel and has found support at anchored VWAP. Two short term trade ideas depending on next coming days price action : Bullish case : Break out of volume shelf at 722 , go long with 740 target. Bearish case : More likely IMO given MACD and OBV looking for a retest of the channel. Break below VWAP of 692 go in...

FriscoTrades Updated 

Bulls need to step in soon. ARKG recent 100MA death cross the 200, 2nd retest of downward channel and 200MA fall . Not looking good and 72 first target. If bears lose control, we see a breakout of the channel back up to 93 resistance levels. Really nice volume shelf support at 83... this needs to hold. Opened an 85/90 debit spread for 9/17 to be closed if...

FriscoTrades Updated 

Went long 9/17 $75c with Citigroup breaking out text book Wyckoff Accumulation phase. Target is previous AH. Expecting consolidation along the way . Stop below anchored VWAP $70.4

FriscoTrades Updated 

Great example of accumulation. Notice the bullish divergence between price and the accumulation/distribution indicator. This was the give away. Looking for some healthy consolidation and then continuation to next leg up $50K Wyckoff still got it :) From crypto to bushels of wheat ....

FriscoTrades Updated 

Heavy resistance at $50 , but looking at the weekly MACD and using an anchored VWAP pinch, she looks ready for a move. Once $50 is cleared it's blue skies. High reward low risk in my opinion.. just an idea :)

FriscoTrades Updated 

NIO just reported great earnings - EPS beat , REV beat, REV growth beat, and Deliveries beat , vs. Analyst estimates. Q3 outlook also looks good. Technically looking at the weekly chart, NIO appears to be respecting the 50MA as support and decreasing volume implies a larger move imminent to push out of the "wedge" or flag formation. Given the fundamentals I'm...

FriscoTrades

I saw EGHT 11/19 $20 PUT sweepers and they caught my eye as I've honestly never even heard of this stock. Great time for me to learn. After checking the chart, it appears to be a nice short set up so I followed the sweeps : -Bearish death cross -Bearish MFI and RSI/Williams -DEC 20 unfilled gap below -Huge volume gap , can easily "fall off a cliff" -Rejected...

FriscoTrades Updated 

Good example from FCX of recent rejection of volume shelf. Looking for a retest. Needs volume to push to $41 zone again. Rejection at the shelf again I'll be going for a short to $35 or lower.

FriscoTrades

Starting a position here looking for a break out

FriscoTrades

A bit biased as I hold a few Call positions , but I see FSR breaking out of key resistance of $15 ~ $15.5 before meeting next key resistance level of around $18.~$18.3. I then see the few scenarios being 1) Super bullish (and wishful thinking by me a call holder) - Breaks $18 with volume, next $20+ I only see this possible due to RSI / MFI levels not yet over...