I love this stock. In fact, it was one of our stocks of week. We write these every Sunday to highlight a new stock with great potential for long term holders. So, since I love this stock I don't mind owning it. I sold a short put 45 days out by identifying where price would not go. That is at the $38 level. If does make it there and the option is assigned then I...
LT picked up a weekly alert for INTC last week. We missed it, should've entered Friday but, can still be good for Monday. Remember LT is normally a Daily chart indicator with defined take profit and stop loss. So we can add maybe an extra week or two to the recommended days to expiration (DTE) for the weekly signals.
As shown by the chart we have multiple potential key indicators for a breakout. Lets make sure they all hit before we enter. :)
We are looking for Monday's retest of the midline / A&D zone to hold and, really to confirm with conviction. If it does, next stop is 132. Great opportunity for a debit spread or deep in the money call.
DIS for us in long term bullish but Monday looks to be set up for a pull back based solely on volume. I want to want to get a better idea of where we stand with DIS before entering any trades.
BYND price is hovering above all time support. 9MA and 36MA are gearing up for a crossover couple that with LambdaTrader signal this could be a nice long play. Debit Spread or a deep in the money call may be a great option here.
Since 2009 we have seen price use the same support. Lets like to go look at $53 maybe with a DITM call few months out.
One of our clients asked for a break down of RUN here are my thoughts.
I have did analysis on the SPX yesterday morning saying it would be an inside day. Today may be another test by the market makers (Emini futures show overnight test) to see where the market goes but, I see a lot of weakness at support and resistance for a ton of different tickers. I still think SPX sees 3300 which would be 330 for SPY.
The market is looking weak prices at support don't look like they will bounce higher and prices at resistance just can't break it. NFLX is a case of the weak price at support.
BA is going to retest its break out point. Yesterday was a big bodied candle with above average volume and the volume trend is showing weakness in uptrend momentum.
AAPL is struggling to break its midline. If we use volume as a reference, the last two days price increased while volume decreased. I don't see AAPL moving higher today.
Inside day for the SPX today. Let's see if the close breaks anywhere for directional confirmation.
Thats right, we are in a range. I called the range entry and now I am saying we are heading back down to 3300 details on the chart. :)
Based on the candle formation and the volume I see a pullback in PTON's future.
Volume and price action give the sense that the sell off after the large gap up is coming to an end. Look for price to push higher.
Yes, based on my analysis I think we see price push even higher.
Thats right I called UBER's pop a few weeks ago and now judging by price action and volume it is looking that it will test its all time high.