PANW 550p 4/29 - 5/6 plot mean reversion at vertex of daily triangle. a break below december highs (569) confirms a significant drop to retest 550-532-522-507. 200dma = 507
Closed above bearish / neautral zone. 800 critical level tested today. Cup & handle. 26% short interest. BTC all time highs this weekend / next week. MM's don't inverse me please <3. Bullish.
MSTR math closer to fair value at 800 while BTC is around 48k-50.5k channel. Was overpriced at 1300 when BTC was 45k on 2/9. 665 support was underpriced. Now that the chart is more realistic I have identified channels optimal for the next 2 weeks leading up to quad witching, assuming BTC stays bullish. MSTR 1000c 3/19.
Too many catalysts working in HD's favor. RSI dropped extremely low today. Picked up 257.5c. Riding this out according to these channels. Should see sells / tests on each line. As the market is bullish I see no reason why HD can't break through with enough volume. Cheers.
Chicken Sandwhich / McPlant may be the catalyst. RSI fell significantly on Friday and premiums dropped 50% for 2/26's. Flash sale. IDEA: 215c 3/19.
After yesterday's session, ARKG broke out of the bullish channel into the stratosphere. Skies the limit until the next blow-off-top. PT 100, Stop-loss 91.
This channel OSTK can move to 72 easily premarket or early intraday Friday. If we blow the 70-72 channel 77.5 is very possible - would only require a 10-12% move which OSTK is very capable at this point having rose 20% in days. BULLISH ON OSTK. Position: 70c 12/18.