looking at the weekly candle for this one too, maybe to daily for an entry. lots of potential 2-1 for first pt and 6-1 on 2nd pt.
Im looking at getting vix calls 2 months out. I'm probably going to wait until the daily candle of the weekly candle to close first before my entry. Spy has had a really nice bounce and it looking to go to 450 and 455 from here but the war in Ukraine did not end. 2 months gives this play lots of time to hit out pts or our sl. If the market is reversing and...
A wonderful head and shoulders pattern formed the last couple days on mu with a neckline of 89. After this level mu will go back down to 85. i would love to see mu break 89 before spy breaks 426 so i know that mu isn't only moving with spy and sellers are coming in on their own.
I bought Rivn at the trend line while Spy and Qqq were at a major support. The risk to reward for Rivn is about 5-1 and with spy and Qqq at support i was even more confident in this play. I also decided to get shares instead of option contracts because the Iv on contracts where extremely high. After Rivn shot up 4 percent after I got in, I moved my stop loss to...
Hd is right near support on the daily chart. Iv isn't that high but earnings are coming up next week which is a bad thing for contracts a couple weeks out. I also see a double bottom forming here at support or a premature w pattern which could bring us back to 420. the rist to reward to about 9-1 and there is a very tight sl
Iv is very high on lcid and they have upcoming earnings so i am probably not going to be playing lcid but i want to put this idea out their to others. This is a very bearish pattern that formed a support at 25.5. there is no clear support under 25.5 so i am looking at the next point at 20 which is a mental support. good luck everyone.
Nice head and shoulders pattern on mcd. the neckline is almost the same as the trend line so my entry is going to be the break of the trend line which is a little bit under the neckline. I'm going to get otm puts for April or may so there is enough time for mcd to hit our 3rd pt if it wants to go that far. my r/r is about 5-1 which is pretty good. my first pt has...
Net has a really good looking head and shoulder pattern. The right shoulder is forming right now. Since the stock jumped 10 percent today IV is extremely high on contracts but i still entered a light position. My stop loss is a close over 116 with my 2 pts at 105 and 95. The risk to reward is extremely good, the only thing im worried about is the iv on my contracts.
Wmt is currently at support and it looks like its holding so far. There is a W pattern on the 15 minute chart. Calls look amazing with the 8-1 risk to reward ratio if you were to hold your whole position until resistance at 152. There are 2 things off setting this play so far, earning are right around the corner and the market sediment is bearish. Unfortunately...
Very simple play. I usually like to buy at the trend line so my stop loss is clear. Looking for a bigger move on Coin since the time frame is bigger. Coin is apart of the tec sector but didn't sink as much as other stocks like tsla or amzn, just something i noticed.
C is sitting right on top of the downtrend on the 6 month chart and has 4 gaps to fill below. Rsi is oversold and macd also looks bearish. Personally i would scalp the first gap from 63.5 to 63.1 and just hold some runners to see if the downtrend continues to fill more gaps below.
Aapl looks very promising, Had good volume and close on the day over resistance. only going to play this to the upside.
Very nice W pattern and consolidation at the down trend. I am going to wait until the consolidation breaks to the upside to get some calls. i am only going to play calls because of the W pattern.
Amzn looks sexy, nice bounce off support and the trend line on the 1 year chart. I am going to be getting 3500 calls if we break the down trend tomorrow morning. Macd looks good and the flagging today was a very good sign that amzn is going to break the trend line. when there was little volume amzn still held its place through the day.
Nio looks like its breaking support with a lot of other stocks under 30 is where nio can start to sink in a downtrend, there is also a very small gap to fill at $10 but i doubt it will go that far into the pit
BA looks like it can drop down to fill the gap below with the news. Under next support which is 190 this stock looks very weak. Even though this play looks good, there are 2 things that can happen, the government says that we go into a lock down or they say the new virus has little to no side effects and the stock shoots up. The fundamentals are there but in some...
Sbux has been trading in this descending triangle for about 1 year and it is getting tight. even with all the volatility on spy support has not broken so i drew levels to the upside for resistance. Sbux is also right under the 50 ema and with the breakout to the upside sbux has lots of potential.
Bitcoin has a very nice uptrend and a bullish candle from here it looks like its gonna retest resistance at the top of the ascending triangle. If you don't trade crypto then you could look at different stocks like hut that will do good with the spike in crypto if this breaks out