META target by end of Feb 2024 is 420. 3 most likely paths to target: 1) 1pt solid black arrow = earnings pop to 405-413 and then continue to 420 by 2/7/2024 2) 2pt (thick) solid black arrow = earnings pop and then run to 420 by 2/21 (more conservative) 3) 2pt (thick) grey arrow = drop to 373-378 after earnings which would get bought up fast and then run to 420...
WM is impending earnings in the next trading day. It is a demonstration that there is money to be made in the efficient collection of garbage and recyclables On the daily chart, since the earnings beat, it has trended up through a high volume area breakout and a breakout across series of VWAP lines and bands anchored in the intermediate past. The volumes...
The macro structure is bullish from Dec'22 low with important price zones at: 198-217, 227-260 and 282-322 as inter-mediate and ultimate resistance areas for suggested impulsive structure. The gap-up set-up on earnings today is in the cards for price to move towards 198-217 area. But if price decides to consolidate more138-128 area should be an important...
Looking at my past track record, I am becoming somewhat of a fanless guru hahah - I better knock on some wood; otherwise the market goods give me a losing streak like I have never seen. However, it is nice to see how these age-old rules coupled with some patience work. Anyways, enough of bragging and lets get to the trade Fundamentals The market is...
This chart looks even more bearish than it did a few days ago. Not only does it have a double top pattern and a bearish divergence, but it now has a candle wick that has dropped below the bottom trend line. Certainly not all, but many times, this can be the 'nail in the coffin' that tips off traders that price is about to break out of the wedge pattern to the...
Neurocrine Biosciences, a mid cap pharmaceutical firm is up for earnings on February 7th. Investor and trader interest seems to be moderately increasing in the past week. The combined MACD / RSI indicator is bullish. This looks good for a longtrade to be taken in the premarket before 7:45 AM as earnings report at 8:00
POWL destroyed analysts' estimates may more than it did the previous quarter. Of special note, the mass index indicator rose above the threshold but has not yet triggered a reversal signal. The next trading session may be a drop or a rest until next week. Call options striking 100 for 15DTE did 300%. I contemplate taking put options striking $110 with the...
SMA reported today with about a 2% drop - while traders responded with a 8% drop. Everybody especially auto mechanics love their stuff. So were they looking for more? It is hard to say. Idea is on the chart. I am looking for a recovery in a reversion to the mean. It looks like it's underway. For those familiar with volume profile analysis and trading the best...
CMG on the weekly chart has been uptrending for a year after being rangebound sideways for a year. It has seen a volume spike and corresponding price action with the current earnings beat Price rose 60% in the past year and 16% YTD. This is not linear and nor is it parabolic. The MACD supports the bullish momentum observation in the price action while the RS...
PLUG on the 120 minute chart is resting on its trend up. Earnings are about 4 weeks ahead. The uptrend has been solid. Two bull flag patterns are noted along the way. They follow pops on the Relative Trend Index indicator also showing bullish buying volatility on the Relative Volatility indicator. I see the rest ( consolidation) as a good point to add into my...
Media companies have been getting the pants kicked off them lately, and NWS - News Corporation is at the top of an all time high on the charts, which may provide an incredible opportunity to capture a very sharp decline in the price. Earnings will be released on Feb 7th (next week), and with price sitting at/near an all time high, if earnings are missed, it could...
NASDAQ:AAPL just recently had earnings and released the new VR-headset, Apple Vision Pro. I'm looking at swinging calls for NASDAQ:AAPL next week because the Jeanius Algo Suite (Indicator/Screener) gave me multiple buy confluences: Fell through 2 untested lows (~$180.17), grabbing liquidity Partially filled a Fair Value Gap Tested an uptrend line formed on...
If you haven`t sold ENPH before the previous earnings: Then analyzing the options chain and the chart patterns of ENPH Enphase Energy prior to the earnings report this week, I would consider purchasing the 102usd strike price at the money Puts with an expiration date of 2024-2-9, for a premium of approximately $7.65. If these options prove to be profitable prior...
Have an ER strangle on AMD. Looking to exit the puts tomorrow near 150-155. Have been playing strangles on earnings this season. Will update this tomorrow.
Last week during earnings, INTC reversed at the PCZ of a Bearish 5-0 after trading just below the highly contested 50 dollar strike. Now AMD is doing something similar, except its highly contested strike is below it at $170-$175. I find it a little bit more likely that AMD goes for a move up towards the 200 level which would align it with the Bearish HOP level...
There is a Bearish Hammer at weekly Resistance on QCOM with the RSI pushing back down from its second test of the overbought level. This seems like Bearish RSI BAMM that could lead to QCOM coming back into the support range around $120. As a result I'v decided to open Bear Call Spread spreads on QCOM to offset my Bullish AMD Call Spread.
Last week during earnings, INTC reversed at the PCZ of a Bearish 5-0 after trading just below the highly contested 50 dollar strike. Now AMD is doing something similar except it's highly contested stike is below it at $175. I find it a little bit more likely that AMD goes for a move up towards the 200 level which would align it with the Bearish HOP level where...
NYSE:ALV reported today and looks like a potential long. I see here potential H&S breakout (106.60).