OptionsRising

OptionsRising Updated 

On this 15 min chart, look for RSI to break the red line and head lower. You can check daily chart and while there is room to go higher, we have five green candle days and sellers came in on 5/1 to raise the volume. One caution: Stock could gap open or move higher to top of daily "V" around 303-304

OptionsRising Updated 

Here on the daily chart you can easily see the case for put options if stock closes below yellow line. There is one lower support on a line chart (dashed line connecting closing prices). For the bigger picture, see a long term monthly chart. Citigroup stock can head down to 30, up to 60. Keep watch on the daily RSI. Right now indicators are leaning towards puts.

OptionsRising Updated 

Today's daily candle is showing indecision thus far. I am watching daily and 30min charts. There is a support line at 123.84. While daily stochastic is over RSI, RSI is under 50 still on 30min chart. I am leaning towards calls but will wait until Tuesday to open a trade.

OptionsRising Updated 

Green line is major support around 120, and April's candle shows indecision. Stock could move back up to moving averages. I opened June 19 200 strike calls. If buyers rush in stock can easily cross 150 and still allow time to avoid much theta decay. If in first week of May stock starts heading lower I might reduce position. I am keeping this a small trade.

OptionsRising Updated 

Look at the weekly chart for support for this trade idea. There is still time before NVDA reports earnings, and puts are relatively cheap right now (IV will rise in coming weeks). This is a great example of how stochastic serves as a leading indicator to RSI. RSI went up a little with the higher low (2 green lines), while stochastic %K went lower (pink line). I...

OptionsRising

This is a great stock to put on your watch list, and you can wait until stock trades over yellow line (or connect closing prices on a line chart). While $9.50-10 is excellent price to buy stock, you might want to start a small position. This company, besides selling goods, also offers a sideline blockchain investment. You can check this month's candle and, if...

OptionsRising

First let me caution that these are strong signals of a potential stock move. You still need another reason to enter a trade. Engulfing candle in this yellow box is bearish. Stock must trade below its low in order to trigger puts entry. Same with bullish engulfing candles - the next day or two should see a trade above the high to trigger buying (or calls). There...

OptionsRising Updated 

The 20 SMA shows a downtrend on the weekly and 30min chart. Price has come up to 10 SMA on the weekly, and in a strong trend the price may not rally back up to the 20 SMA. I am looking for price to head lower, back to yellow support line, maybe lower. Right now I am only taking a small position because on daily chart the 20 SMA is still upward, so I am...

OptionsRising Updated 

On this weekly chart - first see the long bearish engulfing candle, then notice this week is almost an inverted hammer (at the top this can mean a trend change coming)... check this candle after Friday. On daily you see the stock has stalled at highs and has not made a close over 152 (except for 3/23). Today's candle is an inside bar, as of this writing. You can...

OptionsRising Updated 

The yellow rectangle shows two bearish engulfing candles. Today might be a third. If so, a trade below the candle's low is a trigger for puts. Also RSI is below 50 and stochastic is crossing below it. Downside targets are 23.30, 21, below 20

OptionsRising

The white line as support was on my chart from an earlier post. This line became resistance when stock closed below it, and the recent buying rally brought price up to resistance line. Reminder - this is a weekly chart - you can trade on a smaller timeframe. On Monday the stock opened below the previous week's green candle body (below last week's open) which is...

OptionsRising

This chart provides a good example of a few things, namely how divergences are powerful indicators of a trading opportunity to come. Please note the following on the chart: * Bearish divergence - while price made a higher low, RSI and stochastic made lower lows (yellow lines) * divergence does not always mean a change in trend - sometimes it indicates a pullback...

OptionsRising Updated 

My white resistance line connects the daily close from Jun and Aug 2019. Yesterday AAPL opened at the line and sold off, and today it is a small inside bar so far. Watch price action on 30min, daily, and weekly. Downside targets are 250, 238, 224-218 You can create stops based on loss amount and/or stock price. Stock should remain below 266, but adjust...

OptionsRising Updated 

Daily chart context - 4/9 candle is almost an inverted hammer (there is a short wick on top) and today opened lower. Stochastic reached up to 98 but RSI is lagging and still under 55. I may hold a few contracts overnight and look for RSI to be lower by today's close. On the hourly chart, I see: * higher lows in price while stochastic %K went lower (aqua line) *...

OptionsRising

I bought these puts last week. The lower weekly open is a good sign. This is one of few instances where I supplemented my technical analysis with an economic "what if" view. If something causes treasury yields to move up, or even if it is a temporary spike due to "uncontrolled" circumstances, TLT price will make a quick move lower and this is what I am looking...

OptionsRising Updated 

You can see white dotted support line. Larger trend is still down. On 15min chart, 10sma is below 20sma, and stochastic is below RSI. Look for RSI to move below 50 line On daily chart the RSI has come up to 50 line and it could fail and turn lower. Take a good entry on 5-15 min chart. Notice TSLA has had three gap up days. I use directional moving index more than...

OptionsRising

After an indecision doji candle on April 6, there was a bullish engulfing candle. Technically speaking, this is a strong pattern that only signals a buy if the high of the candle is surpassed the following day (sometimes it takes two days). Today's high of 43.72 went over yesterday's high of 43.66. If you are learning, the same is true for bearish engulfing...

OptionsRising

NVDA has shown a "V" shaped rebound and is at cloud resistance right now, with 20sma firmly below it. Also RSI can stay below 60 and head lower (daily chart). I see a long red candle on 4/7, followed by an inside bar today so far. I will be holding these puts overnight and looking for a lower close on Thursday. Today I have stops over 267 and 268.