Was long NFE looking for the breakout to 55 , now looks to have been the climatic top and an opportunity to short. A loss of 38 I think we see more downside. Although there are some S/R and demand zones below they don't appear to be as strong until 27 zone. Will use 10 MA as stop (close above)
uni local momentum looks done. waiting for confirmation with loss of the blue box. really looking too long in on a higher time frame, but might pull the trigger on a short if we get the confirmation.
Watch for ZIM to close above the strong trendline it's been following since inception, otherwise implications are more downside. Rejected twice now, expecting a move to more downside , first PT $48 I'm long JUN PUTS I was very long ZIM but had to see once broke $70s and stop was triggered.
ALB big gap up before ER has me suspect... also technically it looks like FEB price action is still in a downward channel, and now there is a juicy gap below :) I like the R/R on a short before ER's move. Small size, picked up a few puts. Can also do bear spreads for less risk exposure.
Contrarian trade with everyone screaming to buy Oil Energy and Gas right now. Chart looks bearish to me and smells like distribution. Natural Gas ripped yesterday and I took EQT profits and added to XOP JUN puts. $136 first target
XOP to me needs to cool off after this monster up leg. Starting to smell like distribution with lower highs. A monster breakout is possible, but even being bullish I'd like a dip to $120 zone before the next up leg. Daily - seeing some bearish divergence on the RSI Weekly - top of channel rejection (so far) with Bearish MACD cross and momo turning...
For the shorts, more trade ideas on stocks that are still early in phase 4 downtrend IMO. BJ - see more downside, although would like a retest of breakdown for another opportunity however we may not get one, started short small size, looking for $48 zone to cover WHR - Better setup IMO, broke down then retest and rejected. Looking for $154 zone to cover
Whale opened 500 JAN 100 puts and upon checking, noticed this chart looks pretty bearish IMO. I'm swinging JUN 100 puts tight stop as I'm looking for a quick flush now that support has been breached. Any squeeze up is a better entry to short IMO, this chart is pretty ugly. Gap Fill below is target in the short term at 103.16
XOP looks like it's rolling over, or at the very least consolidating and heading back to sub 130 after rejection from trendline resistance and 30MA . Whale trade short, bearish divergences on indicators. Price target sub $130
Closed TMUS calls up about 40% and flipped to the short side. I heard Cramer was pumping this week, that alone should have been my signal, but technically on the weekly it seems to have been rejected at 135 resistance and a volume uptick this week Momo is also turning and seeing Bearish confluence in the MACD First PT $123 with a possible move down to the...
Looking for a continuation short position on AUDUSD with price making some nice moves off 0.75 on the weekly and daily. We do need to see a bit of a trend form so ill be looking for a small push back towards 0.75 then rejection signs for confirmation to take short trades.
From my technical analysis, MONTHLY & WEEKLY timeframes are well positioned at the resistance level. Daily timeframe has shifted structure. I will advise you to wait for 4H to change market structure to short. This is for SWING traders but for shorter term traders, you can adapt this to your strategy. For next week, I will be looking for long opportunities in...
Amphastar Pharmaceuticals ( NASDAQ:AMPH ) is currently at historical resistance after reaching a new high today at $34.42. It's now above the average analyst target ($28.50 as of 3/7/2022) and insiders have sold $2.2 million in the past 2 months. Earnings on March 10th. The float is near 37 million with a 5.5% short interest. It is at "risk" for a...
CCJ daily candle closed pretty bearish today, and looking at the two upper resistance lines, I'm favoring the downside trade after taking small gains on my longs. An idea would be to go short with MARC 23 puts. First target is the 20day MA (blue line) , a break lower there and I'd be targeting the trendline support (black line)
Deere recently reported earnings causing sellers to step in last week for a -6% rejection on an attempted box breakout. In my opinion, Deere looks like distribution and at the very least, should continue to see more downside in the coming weeks - Typically after a failed breakout price should retest lower box support or $327 zone. With Russia / Ukraine, CPI...
TMUS - the street liked recent ER with a nice pop up to 122 zone resistance. So far unable to break higher however still holding. With the gap below, I'm speculating on a move to the down side, retest trendline / close gap before seeing more upside. Will be watching this week if price holds or continues up I will close my short at a loss. At the very least...
Looking for AUDUSD to sell off and create the overall longer term continuation back to the downside. Price is looking like its ready to drop im just waiting for the best entry point!
Looking at taking short trades for either a retracement or a further push down into that consolidation support zone.