I think $MRK offers a terrific low risk long here, a great biotech company to own in this particular juncture.
$IBB is acting very strong, there is a monthly uptrend active currently in the sector, so, finding the strongest contenders will yield great returns going forward.
Best of luck,
Ivan Labrie.
Lots of strength this morning. I noticed on the 10min chart the second candle had volume almost exactly equivalent to closing volume yesterday. This tells me we will be filling the gap very soon if not today.
Long $65C with 65.29 break followed by 65.50 to close the gap. Followed long term 66.80
-TheTradingNinja
Was very excited to chart this one as I trade strictly via mobile with TOS Mobile Trader.
What you notice in each outline rectangle is one of my fav setups in which is labeled "CANDLE COMBO"
Definition: Candle Combo-
Basic bullish candle formation that signals more upside. In which the stock usually continues from closing price or initially gaps up. These combos...
Went long $65C before the test and break of $64.50 which broke on strong volume with a push to 64.59HOD.
Also there was huge call sweep in June 55 and 56Calls
Usually means News, Upgrades etc on the bullish upside!
-TheTradingNinja
After earnings, Implied volatility rank is still at 50 so looking to add premium to my portfolio theta I Sold the 65/62.5 Strangle on MRK.
Trade:
Short 65 Call
Short 62.5 Put
Collected $1.85
54% probability of profit
Will look to close at 50% of credit received.
On April 19, 2017, Merck & Co ( NYSE:MRK ) crossed above its 150 daily moving average (DMA). Historically this has occurred 227 times and the stock does not always move up. It has a median gain of 4.139% and maximum gain of 18.194% over the next 16 trading days.
When we take a look at other technical indicators, the relative strength index (RSI) is at 40.4843....
It seems that we may have a possible Wave Y completion on the Intermediate Period, with a wave 5 on the Minor Period confirming it. On structure breakout, it is possible that we may see the start of a SHORT on a wave 1 minor of a wave 1 Intermediate. MACD suggests slight upwards movement before a bearish move at the breakout of structure. Stochastic already...
it was my suggestion 6 days ago and i am emphasis on it ...
in my idea it has no strong resistance to receiving to TP ...
im in and if you are not think to entry
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
drive.google.com
4XSetUps for next week - friday close (DOW 30 Index & all shares)
Best regards :)
Aaron
This is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
Break Downs (Dow Jones Index incl. all shares)
drive.google.com
Best regards :)
Aaron
