Just an idea for Boeing. Possible retest of previous bear flag. Will be looking for potential put option play as we approach the bottom of the bear flag.
$GOOS was able to break out of the ascending triangle and stopped for a clean 1:1 fib extension to complete wave 3. We are currently in wave 4 and retracing to the $54.71 - $54.24 range. This is a great place to buy #GOOS. Interested in 3/8 $60 calls if this area holds as support.
$NFLX Netlfix is in an ascending triangle formation with multiple failed attempts to break out above it. I will continue to monitor and enter when price breaks out above or below the triangle. #NFLX
$CRON is starting to look very weak here. RSI is weaker and curling down on the daily along with the stoch RSI. potential lower high made on the daily chart. Next week will confirm direction.
Netflix is currently in a well defined bullish pennant formation. RSI showing lower highs but also higher lows and BB starting to tighten up again. A move is expected here in the next 1-2 weeks. Support around $352-$350.
$IQ has officially broken above a resistance and we have higher highs on the daily RSI. Fib extension shows possible break above $20. Earnings apparently Jan 30? China trade talks are heating up, and Chinese stocks are just beaten down in general. Currently own Feb 1 $20 Call Options.
playing this idea with options. $17 calls for 1-2 weeks.
4 hour chart looking bullish with waves 1 and 2 completed. fib extension to $17+ for 1:1 ratio.
