Analyzing the options chain and the chart patterns of ACCD Accolade prior to the earnings report this week,
I would consider purchasing the 10usd strike price Calls with
an expiration date of 2023-10-20,
for a premium of approximately $1.20.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Looking forward...
The price seems to be forming the head and shoulders pattern.
We expect the bounce from the current level and the right shoulder development.
Enter the short once the price forms the right shoulder and break the support.
MACD looks bearish as we have had the bearish cross on 4h timeframe which confirms our bearish bias.
Target is shown on the chart.
Accolade, Inc is seeing a move higher this week along with other healthcare stocks. Yesterday price opened and closed above diagonal resistance and is now trading in the gap price range created in late April.
The lower PPO indicator shows the green PPO line above the purple signal line with both lines rising which indicates a short-term bullish trend. Both...
ACCD has shown a small channel upwards
This will either be broken out of or broken down from
I Expect a break upwards due to the break of a red resistance line in red.
The curved line emphasizes the bullish activity.
ACCD Bullish Trend Line Breakeout....
Double bottom with handle ( Not sure if that philosophy works on Daily charts)
Take the Trade only if it breaks and closes above 49.90....The Earnings will be the catalyst we've been waiting for.
Manage Risk.....Green Pips
thanks
@RichardMoglen
Ill come back to this one but watch these highlighted areas can take it as a inside bar w small stop i noted, not for me personally. 3 star set up, has possibilities so i will come back to it
Hi guys, listed 3 entries for Gartley pattern and 3 targets. All are official rules to this pattern, i did not make them. It might not get this retrace this low but if it does i am a buyer.
Lower trendline on the daily is solid support, should see the bounce and a possible breakout. I will wait on some confluence and a buy signal will back my call as solid confirmation!
What do you think!?
ACCD (Accolade Inc.) - Healthcare Technology
This one just came up on my feed. Shame, buying on Thursday was obvious.
FA: Fiscal report on 1/7 is pretty juicy. 30% increase since last quarter.
Analyst/Activists:
-Purchased by ARK on 1/7/21
-MS upgrade to overweight on 1/8/21 (Healthcare is trending upwards lately which is double benefit)
-Most analyst PT in the...
