Triple_Barrel_Capital

Triple_Barrel_Capital

$WB Weibo forming what looks like a possible diamond bottom in the area of $60 support. Earnings this week - if positive, it could be the start of a major long term reversal. Targeting $80 by mid-January. Note: Informational analysis, not investment advice.

Triple_Barrel_Capital

$AAL American Airlines - price/volume divergence post earnings on this latest run from ~$32 to ~$38 on declining volume. Near term anticipating another leg down within bearish long term channel. Targeting $28-$30 area by January. Also of note, we saw some unusual bearish put options activity today with about 11k $39 strike December puts being traded for around...

Triple_Barrel_Capital

$IWM 50/200d ema Death Cross earlier this month - selling intensifying over the last two weeks. Looking poised to break $146 support and visit near lows on the year. See chart for two possible near/medium term targets. Note: Informational analysis, not investment advice.

Triple_Barrel_Capital

$MCD McDonalds Breaking Out - targeting $200 by next earnings report late January. Expect to possibly see a near term pull back and retest of $179 support. Note: Informational analysis, not investment advice.

Triple_Barrel_Capital

$DG Dollar General - Bearish Rising Wedge on Declining Volume. See chart for two possible near term targets. Note: Informational analysis, not investment advice.

Triple_Barrel_Capital

$PVG Forming a tight triangle pattern on the daily chart leading into the next earnings release in mid-November. Near term options looking fairly cheap - could be a nice setup for straddle/strangle play. See chart for a couple possible near term targets. Note: Informational analysis, not investment advice.

Triple_Barrel_Capital

$SWN SW Energy looking overbought in a tight three month trading range. Expecting near term price correction holding within range. Two possible near term targets on chart. Note: Informational analysis, not investment advice.

Triple_Barrel_Capital

$USO US Oil looking very oversold. Expecting to hold support this week and stay above $13.00 Looking for a medium term bounce - targeting ~$15.40 (early October gap-fill) by year-end Note: Informational analysis, not investment advice.

Triple_Barrel_Capital

$AVAV has seen a bullish divergence between price movement and money flow (MFI) over the last two weeks. The stock appears to have found a bottom around the $85 support level, starting to rebound nicely from there today. Looking to go long for a continued recovery leading up to earnings. Targeting $100 by next ER early December. Note: Informational analysis,...

Triple_Barrel_Capital

$MLCO Melco Resorts - forming a bullish hammer candlestick on the weekly chart. Another gaming stock possibly finding a bottom at a long term support level ($16.00) with RSI in oversold territory. Earnings expected early November - assuming a positive report, targeting $24 by January-February. Note: Informational analysis, not investment advice.

Triple_Barrel_Capital

$WYNN looking oversold on the weekly chart tagging a long term support level today in the mid-90s, with RSI around 20. Expecting a bounce from this area in the medium term. Two possible targets on chart. Note: Informational analysis, not investment advice.

Triple_Barrel_Capital

$NTAP NetApp appears to be holding the 50d ema on the weekly chart. Will look for a bounce from this area medium/long term, assuming we close this week at or above this support. Target $100 by January. Note: Informational analysis, not investment advice.

Triple_Barrel_Capital

$CTXS Citrix Bullish falling wedge into trend line support. RSI and MFI entering oversold territory. Earnings today post-close, anticipating a beat. Targeting $112.00-$114.50 area by December Note: Informational analysis, not investment advice.

Triple_Barrel_Capital

$ALGN Align Technology looking oversold on the daily chart, MFI appears to be bottoming. Based on earnings track record, expecting another strong beat when earnings are released post-close today. If poor overall market conditions continue to weigh post-ER, major support is just below around $285 - limiting risk. *Take note this is a key holding of some major,...

Triple_Barrel_Capital

$ABX Bearish shooting star candle into earnings later today. Looking overbought on the daily chart. Expecting a near term price correction. Targeting $10.00-11.50 range Note: Informational analysis, not investment advice.

Triple_Barrel_Capital

$SNAP Snap Inc chart showing no signs of strength with heavy selling over the last month. We saw a large bearish options bet hit today, with $10M worth of April'19 deep in-the-money puts traded. With earnings coming up next week, this could be a sign of more disappointing results upcoming. Monitor for a break down through $6.50 support level to fresh lows....

Triple_Barrel_Capital

$PYPL PayPal bullish hammer on the weekly chart after steep sell-off last week. Both RSI and MFI now appear to have bottomed. Expecting another strong earnings beat later this week. Next bull run could make a push for the century mark. Targeting $95-$100 area by January. Note: Informational analysis, not investment advice.

Triple_Barrel_Capital

$FL Foot Locker has tagged and held the uptrend line several times in the last month while forming into a rough pennant pattern. We could remain in this pattern up into earnings in mid-November. I'm expecting an eventual breakout to the upside with a medium term target of $59 and longer term target of $68 by January. Adding to the bullish sentiment, we saw about...