Triple_Barrel_Capital

Triple_Barrel_Capital

$CELG Celgene long term chart looks to be in a clear downtrend. With a 50d/200d ema death cross on the weekly chart back in May and an inability to break through the 50d ema line in late August, (barring a significant earnings beat next week) I'm expecting this downtrend to continue into the final months of the year. Adding to the bearish sentiment, we saw some...

Triple_Barrel_Capital

$TSLA Tesla looking ready to break out of pennant pattern to the upside. Near term target - $279-280 by next week Note: Informational analysis, not investment advice.

Triple_Barrel_Capital

$KHC Kraft Heinz breaking through support down to a fresh 52-week low today. Long term chart looking very bearish, has been in a clear down trend the entire year. Expecting a continued decline into the 4th quarter. Targeting mid-40s by December. Next earnings release is November 1st. Note: Informational analysis, not investment advice.

Triple_Barrel_Capital

$UVXY now looking very overdone. Expecting a near term correction. Targeting mid-40s within 1-2 weeks. Note: Informational analysis, not investment advice.

Triple_Barrel_Capital

$SPY - S&P entering oversold territory, testing lower trend line support of the bullish channel we've been in since March. A close below $283 today could be indicative of further downside in the near term, next major support level looks like $280 then the 200d ema line around $276. With some major companies reporting earnings later this month, I am expecting...

Triple_Barrel_Capital

$F Ford touching down to a long term support level this week around ~$9.00 with a P/E approaching 5x. Will look for a bounce in the near term. Targeting a move back to $10.00 by the end of November. Note: Informational analysis, not investment advice

Triple_Barrel_Capital Updated 

$AN AutoNation looking oversold on the weekly chart bouncing off long term support around $39 this week. Expecting further recovery in the medium term. Targeting $48-$50 area by January.

Triple_Barrel_Capital

$A Agilent holding trend line support nicely today with a bullish hammer candle forming on the daily chart. Expecting a near term bounce. Targeting a return to $75 by early November. Note: Informational analysis, not investment advice.

Triple_Barrel_Capital

$HUBS HubSpot back in buy zone once again. Will be looking to get long here, expecting a bounce near term. Medium term target - $170 possible post earnings early November Note: Informational analysis, not investment advice.

Triple_Barrel_Capital

$V Visa - looking oversold, expecting ~$142.50 support to hold today. Will look for a near term bounce and pre-earnings run-up into late October. Near term target - $150 by earnings release Note: Informational analysis, not investment advice.

Triple_Barrel_Capital

$FDN - FANG stocks ETF looking oversold on the daily, catching support around $134. Expecting a bounce in the near/medium term. Targeting $145-150 area by mid November. Note: Informational analysis, not investment advice.

Triple_Barrel_Capital Updated 

$TTM Tata Motors beginning to look oversold touching down to a long term support level from 2011 today. Expecting a bounce from this level in the medium term. Targeting $19-$20 area by year end.

Triple_Barrel_Capital

$FFIV Oversold at Support - After recent correction, RSI now pushing toward oversold territory. Expecting ~$183.50 support to hold today and see a bounce in the near term. Medium term target - $210 by early December Note: Informational analysis, not investment advice.

Triple_Barrel_Capital

$C Citigroup has formed what appears to be a rounding bottom, with price and 50d ema now back above the 200d I'm expecting follow through back up to $80 (at least) by mid-November. Note: Earnings next week. Note: Informational analysis, not investment advice.

Triple_Barrel_Capital Updated 

$JD - JD.com saw a big $10M+ bearish bet today via the Jan'19 $70 Puts (very deep in the money - current stock price ~25.50) with 2,400 contracts purchased for ~$4,400 per contract. The chart supports the bearish prediction with the price having been respecting the 50d ema for the majority of the summer on the 2H chart. Medium term target - $23.00-23.50 area by...

Triple_Barrel_Capital

$ROKU has held within a tight bullish channel since last earnings release in August. We tagged the lower trend line earlier today and have formed into a bullish hammer candlestick. Expecting a bounce in the near term - targeting $84 by mid to late October. Adding to the bullish sentiment, we saw 12k+ $60 strike (deep ITM) Jan'19 calls traded today for about $20M...

Triple_Barrel_Capital

$TSLA - Tesla's long term weekly chart is in a clear downtrend, putting in lower highs and lower lows fairly consistently since late June. We saw some big put volume today ($60M+) on very deep-in-the-money Jan'19 puts for huge per contract premiums ($25k-$30k). My guess is this is a hedge fund making an earnings play with high delta contracts, expecting carnage...

Triple_Barrel_Capital

$JPM forming what appears to be a long-term bullish ascending triangle with resistance just below $120. We saw some huge call volume today ($50M+) in Jan'19 deep-in-the-money contracts ($40/$65/$70 strikes). Earnings due out late next week - monitor for an eventual break through ~$119.50 resistance level. Medium term target - $130 Long term target -...