PennantTrading

PennantTrading

ULTA broke out of its flag. May pick up more shares if it retests and price action looks good.

PennantTrading

May have entered to early, could retrace after touching the top of the channel. Could also be a breakout. Stop loss set.

PennantTrading

Added onto my DM position here after it broke out the top of the channel. Very small position here with a generous stop loss.

PennantTrading

Inverse head and shoulders plotted on weekly chart using line graph (closing points). Consolidating in a rectagle before a big move??

PennantTrading

Head and shoulders at the bottom of this long channel.

PennantTrading

Watching for a breakout here on ULTA. Might take a few days, or not happen at all

PennantTrading

DM in moving within a channel. I also noticed a weak head and shoulders forming.

PennantTrading

Its possible SPY is forming an inverse head and shoulders signaling a reversal. This line graph uses closing prices only.

PennantTrading

Bought a put on snap looking at 5 minute chart. Losing volume while in a rising wedge.

PennantTrading

IBM at the top of its channel. Bought a call and a put of equal delta.

PennantTrading

High bullish call and share volume. Also a breakout earlier in the day. Could come back down and test previous resistance but I will have gotten stopped out by then

PennantTrading

Lots of bullish options volume. Took up a long position today because of it. Stop loss set a little under the low of the day

PennantTrading

Bullish options flow. Got a call here twords close. I have a stop loss set

PennantTrading

Dont usually do lottos but a lot of bullish option flow. Could see a big jump up...or not.

PennantTrading

High bearish 14.50 Call volume. Big gap down after a huge run up.

PennantTrading

Lots of puts being bought today 5/23/2022. Could be consolidating before another big move down.

PennantTrading Updated 

A lot of high green candles and broke above previous resistance (white line). Took up a share position.

PennantTrading

High volume bullish candles the past few weeks. On watch for the next few days.