Norwegian looks extremely interesting here are my top 3 thoughts on what will happen! $AAL $GOL looks like this as well, wouldn't be surprised if lots of stocks in this sector looked like this. My personal take is we break through it (as much as I hate to say it) 1. (green line) we test 17.90 then bounce or simply break right through 20.38 to reach high 30s 2....
Two scenarios can play out here, more than likely (bullish scenario) plays out 1. (green line) we blast through 6.48 and we reach $7-8+ 2. (red line) we test 6.48 and reject... test 5.47 or 4.65 then BOUNCE BOUNCE!
I think this trade will take more than a while to breakout.. it looks very much like a triple bottom or even an inverse head and shoulders. Macy's right now is a great buy considering we are opening up again (not saying this is the end for COVID-19 but the markets will pump).. I would consider taking 75% profits on this trade around 6.50-7.00 for short term plays....
We had about a 30-40% dump on TUES, expecting it to pump and fill the gap!
Brazilian airline stock $GOL has a perfect set up, bought it last night, and its up 20% already! Breakout on the ascending triangle could bring in a real big push! Longterm hold for me, will bounce back nicely! Price Target: $10-$20
There was a recent offering which was closed this last Friday, dumped to .14 and is currently .16 I am expecting to see an easy bounce to .20 soon and perhaps even higher. Wouldn't be surprised if we rejected at the top of the triangle but that's already a 100% gain.. anything above that is the gods blessing us.
Airlines have been with so much bs that it has fallen extremely hard... weak earnings for AAL and Warren Buffet stating Berkishere has dropped all airlines stock from their portfolio. Although there is a great reason why this stock is performing horribly, I have the slightest belief that perhaps we see another bullish movement coming soon. There is no reason why...
SHIP looks ready to blast anytime this month, on average each jump was around 50%.. except for that one outlier. It looks like we are in the accumulating range.. and anywhere from .12 to .15 is a great purchase! I see us pumping to .20 at the very minimum.. goal is .30+
I'm bullish on this stock after investors dumped 40% of the stock! Anything above the yellow resistance line i'm bullish (right around 5.92-6.00) Good Luck!
Im expecting a bounce to $1 or so.. there is many reasons like investors that might want to rush into this opportunity at this great price! JCPenny is so cheap it doesn't make sense to ignore this chance.. it is likely that JCPenny will go bankrupt in the future.. but thats more than a couple months away.. they are asking for a bailout which could result in a...
I had a long from 10.02 but closed it at 10.80.. then I noticed AAL broke some resistances and also the channel it was sitting on which made me buy some calls for tomorrow! American Airlines earning date is on April 30 which is probably when the big shorts will come in.. Airlines have been one of the worst-performing stocks lately while many other companies that...
Spy has been rejecting the resistance line for almost 3 weeks now! I am buying puts and expecting a pullback. I have listed some stop losses there, using good risk management will keep you from going under. Good Luck!
IVR has been heavily oversold, down 80%+ from its all time high. This is an inverted chart, looks like a head and shoulders formation.. the sun will hopefully burn all shorters :) I bought calls, Good Luck!
I am waiting on this trade to slowly develop, see if the pattern holds for the next couple of days... hopefully, it can be a perfect short coming earnings date (4/30) Six Flags has been holding $14 strong since April 8th.. I am sure we have not seen the end of COVID-19, I think Six will remain closed for a long time and cause us to fall back to 12 or below! We...
We have a pretty strong resistance at $10.. we have broken it once which resulted in a 40% BOUNCE! I bought some calls in hope of a strong bounce. Earnings date is 4/24 (on Friday) which will make this a risky long, stop loss for traders would be 9.05.. Good Luck! I am not a professional.
Snapchat had a strong pump to the $17 mark which was rejected, the market is indecisive and should follow with another pullback soon! There is some resistance (shown with the blue lines) I'm expecting a break within the next couple of days where we will revisit.. we should fall back into that lower channel! I have a 5/8 $15 buy puts, good luck!
I have been pretty trash with oil trades.. but this time I believe oxy will reach new all-time lows. There is much uncertainty from investors which makes this a perfect short IMO, I have a 5/8 buy put... didn't short at $17 simply cause I was at a huge loss from some other trade (not enough capital.) I think we will revisit $12 by today and continue to make lower...