Triple_Barrel_Capital

Triple_Barrel_Capital

$BTC Big Breakout out of a long term downtrend this week. It's possible we pull back here to retest $10,400 as support. Assuming that retest is successful, we should see $12,000 near term.

Triple_Barrel_Capital

$XHB Homebuilders ETF - Nearing Breakout Level to watch is $49.22 - a close today above this level is bullish for the near term. Target: $54-$56 by early September (assumes close today above resistance)

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$SPG Oversold at Support - Bullish Options Activity Falling wedge into uptrend lower channel support line - expecting a break of the wedge to the upside near term. Medium Term Target: $95.00 by mid-Sept Bullish Options Activity Today: 1,100 $130.00 strike (deep out-of-the-money) Jan'2022 (18 months from exp) calls traded today for a premium outlay of...

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$KSS Kohls Breaking Down - Bearish Options Activity After finding some support just below $19 in late June, we've seen a recent choppy mild uptrend. I'll be watching for a break of the lower channel support line in the next week. With a break we should see price action sub-$19 in the near term, leading up to ER early Aug. Earnings can obviously go either way -...

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$TXN Oversold - Buy The Dip Texas Instruments selling off today with the rest of tech. Looking like a prime "buy the dip" candidate for a quick bounce back after holding ~$129 support area and beating earnings estimates earlier this week. Near term target: $137.50-$140.00 range Note: Not investment advice

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$ORLY O'Reilly Auto - Short Term Play This stock has been in a tight channel range since its last earnings. Looking at a short play here at the top of the channel leading into ER later this month. Fundamentally, time spent driving in the US was down significantly for several months. For an auto parts company, I can't imagine they had a great quarter...just...

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$SAM Boston Beer Company: Over-Extended & Priced For Perfection Looking back long term whenever this stock gets 30-40% above it's 200d ema line its usually time for some kind of correction. At its highest peaks it was over 40% above. Right now its over 45% above it with earnings approaching next week. People aren't socializing as much or congregating in big...

Triple_Barrel_Capital

$DKNG After Perfect 50% Retrace - Ride back to $35+ Bullish hammer candle developing on the daily chart. Near term price target: $35.00-$36.00 range

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$PENN Bearish Descending Triangle 10%-15% Downside Monitor for break below $28.00 support Near term target: $24-$26 range

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$OKTA Support Breakdown Big down day today on strong volume breaking through support at $205 as well as at the 20d ema around $204. Expecting some kind of bounce back tomorrow. Watching for rejection around $204-$205 followed by further declines near term. Near term target: $180-$190 range

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$ABBV Holding 20d ema Support Expect a strong move after a close above $100 Target $107-$112 range near term

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$EA Sports It's In the Gain - 10%+ Upside Strong company. Took a dip today as most Nasdaq components did. Happy to pick it up at a discount and ride it back up to all-time high around $150 leading up to earnings late July. Note: Not Investment Advice.

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$PYPL PayPal on Sale Today PayPal down about -4% today but managed to hold the 20d ema support line. Expecting a bounce from here near term. Near term target: $190.00 by late July ER Note: Not investment advice.

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$JD Oversold at Support JD.com closed down -5% today while holding $62 support from mid-June. Looking for a bounce near term. Targeting $72.00-$75.00 range by early August. Note: Not investment advice.

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$COST Breaking out of consolidation today to fresh all time high. Assuming a close today >$325 expecting to see a strong follow-through move in the near term. Near term target: $350.00 Note: Not investment advice.

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$FEYE FireEye Bull Flag Breakout Cybersecurity company FireEye seeing strong volume today (2x avg) and some massive call option flow. Unusual options activity: 33,000 Jul 17 $12.50 (ITM) Calls traded today vs open interest of <700 (50x OI) for a premium outlay of $2M+ Ideally would like to see a close above $12.50 today. Near term target: $14.00 within next 2-3...

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$SQ Topping Out - Retrace sub-$120 Upcoming Feels like its topping out, volume is starting to dissipate. Price now ~75% above the 200d ema on the daily chart - definitely getting over extended at this point. This would be a risky short, not recommending. However if you're long you might want to consider taking some profits here. Expecting to see a retrace...

Triple_Barrel_Capital Updated 

$TSLA Volume Waning - Possible Reversal Imminent Near term target: $1,225 - $1,250