So it had a down trend for a bit but was able to bounce at the 80 line and breakout. The gap was filled below that. The next gap is above. It is currently trading sideways. I’d watch a bounce at the top of the gap channel below (84.87). If it is able to pick up some momentum/volume I’d say the next stop is 99. Of course, anything can happen but pay attention to...
Looking at the chart we see a bounce at the 515 line. Hit resistance at the 567. Higher lows and the 547 line looks like a good support right now. It looks like a flag was forming and is probably ready to rip. I assume their earnings should be good and catapult them into the 600 area. Ideally though I would advise against holding through earnings because I don’t...
Well well well, look who decided to break out of its cup. So next gap fill is from 153 to 159. Looking good. Cup and handle at the bottom so that is even better. ATH is 176.55. Calls below that should pay. Don't know how expensive they will be but we shall see on Monday. Pissed I didn't see this BUT I would wait to get in, if it falls out of its channel then we...
Earnings again this week. Clearly everyone is going to be making puts so I suggest calls. I am joking please don't. So it's looking like it broke out of the first downtrend channel, went into another little sell-off, and then moved back out of the downtrend on Friday. Volume wasn't high so no indications of a bullish move. Looking at Monday for the next candle....
Looking to see a bounce at 180. It's moving slowly. 200 call for 7/24 is looking good. .29 premium. Will watch to see if the flag is filled or the stock is able to break above 187. McDonald's is a good stock long term. The important points are 180 and 187. Will watch it on Monday with everything else. If it falls down to the 180 I'll be looking for cheaper...
Well this already broke out and we are a little late, unfortunately. Will watch Monday and we what's happening. ATH is 60. Looking at August calls for 65. Should be a bullish start if it can break 60. Will continue to monitor
JNJ has earnings this week. Resistance is at 144.65. Going to watch it break. Broke out of its channel. It's moving sideways, so going to need the Monday candle to determine where we are going. Will most likely buy the 150 call for July 24th to give me a some time for movement as well as keep theta from smacking me. Play smart please
PT still 65. Looking for a bounce at 54.97. Dragonfly doji looking strong. Volume picking up. Low vol day Friday. Picked up some call and hoping for a nice run on monday/tuesday
Looking at a triple bottom finally confirmed. Broke out of its downtrend channel and never broke previous lows. Volume picked up a little bit on Friday. Premiums above 100 are also pretty cheap. Will watch at the open. They have earnings as well. Idk how its going to look but we will see.
EA closed today at 138. Zooming out you can see a cup and handle. Gap fill will be quick so might hop in tomorrow lol. People are home so gaming is increasing. More revenue. All time high is 151. Probably going back to that after the gap fill.
HD closed at 247. Price target is 260. Home depot is a great stock. It’s just been trading sideways. Last price target was 250 and it hit that nicely but was unable to hold. The triangle I charted is getting narrower. Once price gets to the point it has to make a decision. Home depot is strong IMO. Home projects have been huge during the pandemic. That and blue...
$WMT closed green. Price is at 127.75. Price target is 130. Might see that tomorrow but who knows. WMT is launching WMT plus and announced WMT clinics for cheaper healthcare. WMT is going to be insane. Again, will monitor in the morning. It is 128 after hours. If it hits 130 and holds, its going to 140 but if not then I am watching the flag fill. A bull flag is...
$MSFT closed at 214. Higher lows again. Tech is huge and earnings week should have a nice run up. I am in a 220 call for next week. Will most likely take profits tomorrow as well and buy in at the dip. I drew the chart and it is looking like it’s bouncing around in this channel. Volume is staying steady so I am not worried about the fall. Their earnings should be...
UBER closed today at 33.15. Opened at 34.16. My price target of 34 was hit. Those of you who were in the call I hope you were able to make some tendies. Looking for a high open and maybe flat or light sell at call. The pattern I outlined is an inverse head and shoulders from what I can see. The face of the gods as my buddy calls it. With that I say bullish. Will...