Hey Guys! I am still learning how to identify common chart patterns and potential plays, so I would love some feedback :) I see a falling wedge pattern here in META that I think will bounce back off demand and if it plays out like a traditional falling wedge, should break the upper channel to at least 1st supply/resistance zone in the chart. What are your...
Calls might be a great play off this bull flag bounce.
Coin has bounced off the $6.5 or so demand/support zone several times and it looks like the bulls won’t let this break. Have some solid open interest on the $64-65 weekly calls here too. If we close above this support I think we see a minimal bullish push to $65-67
Nice inverted cup and handle formed on PTON here with a break below VWAP before close. Think a continuation to the downside will happen here for a good chance to play some PUTS. Anyone else have some opinions on this stock?
Looking at the 15 & 5 min chart for the weekly, I can see a potential break out of the handle. I drew a small trend line and buyers have remained over it for the last 30 minutes. I am not the greatest charter, but this looks bullish to me, maybe moving into tomorrow or early next week. What do you all think?