UnravelTrading

UnravelTrading

$VZ is currently consolidating in key volume shelf and looks likely to start trending again at the break of 57.5. Started a small position in 55 calls 4/16 today.

UnravelTrading

We had two consecutive red weeks in the SPY but the uptrend is still intact( barely). There are two scenarios for SPY- > Hold the trendline by successfully defending the 378 /373 level this week to resume the uptrend. A break above ATH will lead to a test of 400, 410 and if large caps can join the party, 420 is also possible. 2) Outflows among major large-cap tech...

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Watching $FLNT above 8.25 with targets $10, 10.5 and 13. ( Equity/ Option $10 call 3/19). Stop loss below 7 for equity. The above ideas are my own and should not be treated as investment advice of any kind. Please do your due diligence before investing.

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$SABR broke the long-term $13 resistance last week. Looking to add equity in the 13-14 range with a stop loss at $11. Targets for this play are $19, 20.5, 23, 26.50. The above ideas are my own and should not be treated as investment advice of any kind. Please do your due diligence before investing.

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SPY could be trading in an overextended wave 3 right now but based on how extended wave 1 and 3 have already been, it only makes sense to consider this the last wave of the impulse structure. The current range for spy on the macro scale is 381( support) and 385 (resistance). If there is positive earnings/news, markets can push markets higher, I see a max potential...

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Took a start position in $90 puts last Friday at the 1.61 extension level after the stock doubling in the last two weeks. Expecting a sharp correction on all these hype stock soon as the hype dies down but at the very least looking for a retracement to 85-90 next week on SFIX.

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LITE finally broke the weekly resistance level of 96.5 last week on good volume and now it is consolidating near resistance. Watching the 99/100 level break next week for the continuation.

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$UBER has been on a parabolic move ever since it broke out from the 30 range earlier this year. The stock is currently consolidating in the 50s for a few weeks now and looks like it is gearing to start the next impulse wave and push higher to 59-60s. We entered weekly call options last Friday so not looking to capture the entire 12% implied move to 60 next week...

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CRM back to August pre breakout levels after selling off on news of acquisition of slack. The selloff today was on low volume and considering the sharp drop, I expect Crm to defend the lower channel snd bounce to at least the 0.38 fib level to fill the daily gap before resuming current trend or start a new uptrend. I should have waited for the break of 230 before...

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CRM has been selling off on the news of the acquisition of SLACK and as a result, the stock has managed to fill the pre-earnings gap. Currently, CRM is trading at the lower range of the 4 HR channel and is also forming a massive flag on a longer timeframe looking ready to reverse and return back to the upper channel. I'm looking for a break above 230 for long...

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DGX looks like it wants to retest the upper channel and create a new ATH. Waiting to see where it closes before entering. December 18 $135 calls look cheap as of right now.

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It looks like NVCR is ready to break out after a month-long consolidation phase. Seeing very solid accumulation in the stock and with a heavy volume breakout on Friday, I see a move to ATH. Currently holding $140 calls 12/18 with price targets 140, 150, and 160.

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$SPY broke below 340 and 330 support levels this week confirming our bearish bias from last week. Today, SPY reclaimed supply of 331 and 333 but sold off towards close extending into after-hours due to disappointing tech earnings reports. The 325 level on SPY is strong so if it holds, we may trade in a range of 325-333 for some time but with the recent rise in...

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One in two things can happen->Either break range and rally to ATH OR selloff to 330 or lower. The sentiment is bearish based on recent net inflows but realistically we could break in either direction.

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DGX has been seeing some decent accumulation trading in a tight channel since its recent drop from 130 ATH level. On Friday, it finally broke the 116-118 consolidation range to reclaim the upper channel on good volume and managed to close above the $ 120 level as I wanted. With ER this week, expecting the uptrend to continue and I will stay in the play as long as...

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$FB has been consolidating in a tight channel after breaking out of range. Made some nice gains yesterday and looking for reentry at the break of 280 resistance level. Targets in mind 283, 286, and 291 Disclaimer: The above idea should not be treated as investment advice of any kind. Please do your own due diligence before investing.

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TSLA looks likely to open below 400 tomorrow in the aftermath of the battery day event. Barring some positive news catalyst, I can see TSLA dropping to the key demand zone of 300 in the coming weeks especially if NASDAQ breaks out of range to the downside. Won't be taking many overnight positions but the chart looks bearish at the moment.

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I took a long position in TDOC last Thursday in anticipation of the break of 199 resistance and was able to capitalize on a nice 10 point move on Friday. However, the move was short-lived as TDOC sold off with the rest of the market but it did find support at 199 demand zone. We got a decent close on Friday but still need to break above 212 level which is...