Triangular formation on a strong bullish trend. Comments on chart
But wiser looks like will play side wise for a while before it breaks down for the short side. Good to keep in the upcoming short list. If you look at the angles, then from 15 degree to 30 degree and then 30 to 60 degree. I have seen stock going up to 90 degree range. But so be cautious for a new high. But more then not it's time to watch and carefully prey the...
BUD- Buying Option Put (Short) Trade Logic: Head & shoulder, Money flow divergence & volume is drying up Closing bottom half of the range & rejecting the resistance. We are considering Only Option trade as huge risk involved with the Brexit Vote, Stock will exposes us to higher risk. Option: Jul16 130 put, currently $4.40 You can check our detailed analysis...
Both on the weekly and the daily ABIB looks bearish. A hanging man on 1D confirms that it will test resistance at 116 after which it will drop until 106. Confirmed by both MACD and RSI.
...but the stock is looking favourable in my view. The share has been always bought when attemptoin to correct down in the latest days.
...and weekly retracement and a lot of room to the downside to be filled.
This spread is below the 100 SMA on the weekly along with a strong support at $115.81
Prior analysis was :115/110 Bull put spread July .50 limit I will not even look at this spread unless BUD closes below the 200 SMA. 6/17/15: Summer beer sales could cause this to go higher. Will be interesting to see what happens if a good gap occurs.
Spread is below the 200/sma along with good support and volume has been increasing.
4-22 Gosh, might want to think about grabbing some buds as the green lines are a bull channel folks. Red is resistance, blue is support that defines risk upon an entry. No need to make it any harder than that. Feel free to follow on TWTR at @AmazingPatterns For informational and educational purposes only, these are not recommendations, trade at your own risk.
Looked at this trade on the real life stock review. 116 is a strong old resistance new support. Spread is below the 100 SMA
buying a March 125/120 1x2 Put spreads for 60 c is a cheap way to play a [pullback and possibly own the stock at 115.60
Pictographs and note on chart. Waiting for earnings for new sentiment. Obey your rules.
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