Setting up beautifully for a big earnings play if they report good earnings...could be big catalyst to push this out of a long downtrend.
Nice uptrend channel. Broken before but gets right back into it in the past. I like the reversal candle on this to get into some long term CALLS.
Looking at this rising wedge on $CAT and breakout looks false with over hype of Trump's win. Looking to get long some long term PUTS
Apple breaking out of this falling wedge on the weekly...looking good.
Need to keep an eye on GRPN as it may be changing trend for good on the weekely. Would like to go long around 4.80s if it pulls back.
Looking to get into a SHORT position via PUTS in this if we get that pop near 36...Looking for a big break below 30 (52 week low)
Today's pop was sold into near prior uptrend line which is turning into resistance. Only keeping an eye on this, no bias BULLISH or BEARISH on this, yet.
AMZN bounced and has held above prior downtrend resistance but below 495 support. Thought is it likely bounces around in between RED and WHITE line for a bit before breaking down further if overall market continues to bleed. Worth keeping an eye on and shorting into pops near/above RED line with TIGHT stop (Last thing you want to do is, get caught in a BEAR Market...
Watching this on the Daily chart to retest prior support at around 124/125 ... Likely to become new resistance in this market. RSI has NOT broken below 34ish in a VERY long time and now trying to work out of OVERSOLD conditions, would like to see this test 34ish during its bounce, if it break, I don't expect it to hold up above it for very long. This is...
These are the levels I'll be keeping an eye on for NFLX. Closing below 82 will set up room for a move to 78 and break below 78 room to 65...worth keeping an eye on for short/long opportunities.
Possibly worth getting long closer to or below bottom trend channel. Almost NEAR PERFECT top at 117, which would have been GREAT short!
Possibly get a nice rip back into this channel between two red lines, after $EXPE earnings or into $EXPE earnings...worth small risk for possible big reward. I am long PCLN 1100 Weekly Feb-12 Calls.