Triple_Barrel_Capital

Triple_Barrel_Capital Updated 

$INO Inovio Overbought RSI Trending Down High risk short play, but will likely see a retrace back to March high just under $20.00 in near term. Note: Not investment advice.

Triple_Barrel_Capital

$HIMX Himax Tech breaking out of a 5-month pennant pattern today on huge volume - 13 times avg volume. Positive sign closing above resistance around $4.00. Keeping an eye on gap-fill at ~$4.50 which could provide some additional resistance. Expecting a strong follow through move into first half of July. Near term target: $5.00 Note: Not investment advice.

Triple_Barrel_Capital

$APT Looking oversold today. Holding $17.00 support nicely. Down ~3% today on light volume. Targeting $19.50-$20.50 range by early July *Assumes close today >$17 Note: Not investment advice.

Triple_Barrel_Capital

$FLSY Over-extended - Possible Double Top Volume and RSI trending down since first peak earlier this week. Recent parabolic run up is unsustainable. What goes up must come down. Near term target: $72.00 support level (if support broken next target $65.00)

Triple_Barrel_Capital Updated 

$RAD Rite Aid approaching an inflection point. Risk/reward here looks enticing. Downside risk appears limited. Betting on the trendline holding with 7/17 $15.00 calls for ~$0.80 Target: $16.00 by mid-July Note: Educational analysis, not investment advice.

Triple_Barrel_Capital

$BYND Beyond Meat Ascending Triangle Held upward trendline support nicely today. Along with some bullish options flow last two days. Anticipating a bounce from this level near term. Near term target: $169-$175 range by early July Note: Not investment advice.

Triple_Barrel_Capital

$ISRG Holding 50d Support - Bullish options activity Big $17M bet on Jan 2022 $580/$600 strike calls traded today, likely a large hedge fund. Medium term target: $590-$595 range by mid-July Note: Not investment advice.

Triple_Barrel_Capital

$ITCI Reverse H&S - Holding $25 Support Expecting a bounce off $25 near term. Targeting $30 gap-fill from January. Bullish options activity recently - $5M bullish bet on $30 strike Aug calls yesterday Note: Not investment advice.

Triple_Barrel_Capital

$C Citigroup Pennant Breakdown - Bearish Options Activity $8M bearish options bet on $55.00 strike Jan 2022 puts traded yesterday. Expecting this to breakdown further leading into earnings mid-July. See chart for possible near term targets. Note: Not investment advice.

Triple_Barrel_Capital

$MTCH Bullish Ascending Triangle - Unusual Options Activity Big $6M bet on Jan 2021 $100.00 strike high premium calls traded yesterday. Monitor for strong breakout above $100. Holding $95.50 support level from Aug'19 high. Near term target: $113-$116 range Note: Not investment advice.

Triple_Barrel_Capital

$IBB Looking Near Term Over-extended Long term rising wedge has formed. If broken, we could see $124.00 in medium term. Note: Not investment advice.

Triple_Barrel_Capital

$LLNW Limelight Networks Breakout on 4x Avg Volume Today Real-time content delivery provider similar to Fastly $FSLY. Market cap appears under-valued in comparison to competitors $FSLY $AKAM. Near term target: $8.00 Note: Not investment advice.

Triple_Barrel_Capital

$VRM Possible C&H Developing Monitor for a strong move through $51.75 resistance Near term target: $57.50-$60.00 range Note: Not investment advice.

Triple_Barrel_Capital Updated 

$HOG Harley Davidson Breaking Downtrend Expecting this to continue in the upward channel Near term target: $30.00

Triple_Barrel_Capital

$CVNA Carvana Rising Wedge Near term target: $120 ($110 possible if wedge is broken) Note: Not investment advice.

Triple_Barrel_Capital

$PINS Breaking Resistance - Target $30.00 by mid July Note: Not investment advice.

Triple_Barrel_Capital

$ACB Bullish Pennant Breakout See chart for possible near term targets Note: Not investment advice.

Triple_Barrel_Capital Updated 

$SQ Closed Above Resistance - Possible Continuation Strong volume today - record close above resistance Near term target: $115-$120 range by July