Trying to redeem myself from earlier this week and being wrong on XOM. Currently have supply right around $116.85 but we did close a candle above the high signifying a potential upside move. However, it looks we are taking sell side liqiduity in this supply zone and should have enough momentum to take us down to $114 and possibly the low at $113.
With this pennant structure forming and demand under $116, I think we get a pullback into the demand zone sometime tomorrow upcoming days to push us to $118+.
I've got a supply zone staring at $394 that I think will serve as a temporary top for the remainder of this week. We also have a strong resistance at $393. I may look to enter puts but I am more likely going to try to play UVXY calls with the extra volatility. I'm expecting this to get under $380 fairly quickly and ultimately down o $378 where I see a gap.
After capturing liquidity above $410 I’m extremely short biased as this forms a potential head and shoulders setup this week. I see a broken demand zone that we haven’t retested at $408.25 but I do think bulls can likely retest $410 before a big downside move. If we start to break $410.30 I’ll throw my bearish sentiment out and consider longs. If we confirm this...
$21.25-$20 is where I'm looking to load up on calls before earnings this Thursday. Good luck everyone!
$21.25-$20 is where I'm looking to load up on calls before earnings this Thursday. Good luck everyone!
If you know me well, you know I HATE trendlines but the bull flag on the hourly is looking quite nice. Look for a retest around $6.00-$$6.05 for buy positions. Looks like we started around $4.50 to get us to $6.70. If the lower end of the bull flag is $5.70 then we should be able to hit $7.70+ easily either after earnings or in the following days/weeks.
Doesn't look too good from a weekly time frame expecting. I'm hoping to show the $408 area the next few days/
Inside daily candle is not something you want to see if you're thinking upside. I'm expecting a potential bounce at demand around $406, but I think we could go as low as $400 before the end of this week or sometime next week. Not entirely sure how to play these but I think consider entering puts under $409.70
I have been patiently waiting for a break above $114.16 on XOM. (Typically very even level resistance and support levels are great traps to reverse us the opposite direction of the initial breakout) When we got it we immediately fell below on the retest, leading me to believe this is a false breakout to trap buyers from more volume based on earnings. Additionally,...
Looks like we rejected the level and bounced at $400, all levels worked very cleanly.
For those trading AAPL this week, earnings are this Thursday. I have supply at $146.60-$147.25, if we break above this zone I will look for a retest of this level to go long. I'm looking for $143.30-$144 to serve as our demand zone. Otherwise, there is a gap to fill to $141.87 on the 5m chart (not shown). Left Chart Indicators: 15 minute - 9 SMA: Yellow -...
I'm expecting a retest of supply around $407-$408.20. Otherwise, I'll be expecting a retest of the broken $403-$404 supply. If we start to reject and stay under this 2nd level, I'll be waiting for $400. If we can hold and break above $408.60 next week, I think the next stop is to retest $410, where we are likely to face some strong resistance. Left Chart...
Ark just added DKNG to its ARKK fund which is extremely popular in terms of inflows and performance. This should create a floor for DKNG to really start to build up its share price. With the support, DKNG should head towards $80 a share. Earnings are right around the corner and this quarter is like their holiday season; the Superbowl, the largest sports betting...