$MSFT set new 52 highs last week (April 5~10), and the indicators say the trend is still moving up before we see any kind of reversal.
Due to the ATR being above $5.00, I'll give it at least 3 days to make new highs of $8+, -perhaps- peaking at $265 before a short term dip.
I'm playing this as a last-minute weekly with profit taking at expiration or after any...
This is a pure technical chart play, inverse cup and handle (now becoming my favorite play!).
Previous lows Apx $27 mid December tapped again in the last week of March 2021. Currently forming the inverse handle to a gigantic cup, if she turns, I think she crashes $27 through $26 and below, so I think long puts are best here.
21 May 21 $26 PUTS at apx...
When the fundamentals no longer matter you might find the argument that neither do the technicals. While today's market-making computers can read every fundamental report and crunch previous stock performances against thousands of correlations, they are still helpless to responsibly predict when a 3rd item catalyst may come to fruition and flip the mathematically...
On the daily chart, the MACD momentum bars finally turned green after a huge sell-off over the last month or so. $SOAC price action has been trading under NAV, so I want to feed some ideas for you to consider when recovery happens and how we might be able to get us a great payoff in just a few weeks.
The market reminds me a lot of what we were experiencing a...
You could argue that the cup and handle semi-formed in the early hours of Thursday, March 25 - and if so, it is time to look forward to a bright future with Virgin.
At apx 11:00 EST Thursday, March 25, the 20 SMA crossed back over the 50 SMA on the 5-minute intraday chart, giving a strong BUY signal, and the charts/markets obeyed.
How do we play this? Look...
Looking for a dip this week with JPOW's week of talks, interviews, and another week of no news from Virgin Galactic PR. If this inverse cup and handle is going to complete this week, I see it touching $26 and fast. Even with a possible slight push up from "dumb money" on Monday morning, the sooner it touches $26 this week, the sooner we have a chance for it to...
