4/11/2020
Entry at $5.98
SAR about to cross.
MACD histogram is going up, about to cross.
Expect a bounce of 200 ema, leading to christmas 2020. Z1p should be expected to produce a good result along with the other retailer.
28/10/2020
Idea:
Coming off earning. Expecting volatility contraction (iv 32 currently) , and will be range bound for about 1-2 month duration.
Sell Straddle of 19 expiry dec 20 credit of $1.7/contract
breakeven: $17.35 and $20.7 at expiry
I have a position on ASX:ANZ
Doing the following spread:
Trade Date: 4 October 2020
Expiry date: 19 November
Short 16.5 put
Short 19 Call
Long 20 Call
Break Even: $16.08 and $19.42
Credit of $0.415/lot
Expecting ANZ to go up, leading up to earning season.
Possible scenario:
1. ANZ kept going up, hitting 200 EMA resistance, approx $19.50, i will close my...
price is at support level approx 62562
stoch is about to cross over to go up to complete the impulse wave (wait for confirmation)
SL: Rectangle area, just below the support.
TP: 1.618 area of fib extension.
tenx
- stoch rsi making a divergence, indicating turn in trend. start of new market cycle.
- waiting for confirmation stoch, and break out of the wedge.
