SpearTrading

SpearTrading

Long AMD double bottom and reversal out of downtrend

SpearTrading

This weeek, on February 18th PSTH is to hold it's annual investor presentation. A lot of investors are speculating the announcement of who PSTH aims to acquire before or after this meeting. An event like this is something I will be keeping my eye out for especially considering the weird movement of the SPAC increasing 50% from its offering before even announcing...

SpearTrading

A lot of great investments come from what we see around us everyday, as well as the volume in what we take in. Evidently CHWY has been everywhere I look. Almost every other house has an empty CHWY box out front, not only AMZN anymore. Viewing from a more technical view on their 1D chart they seem to have broken through their ascending triangle. While they are...

SpearTrading

Looking back historically on BA's chart we can see a favored pattern the stock likes to move in. We have seen since the beginning of last year 2 large bullish flag formations. We now have been trending in a much tighter and shorter flag since the middle of November. Only recently have we broke out of that flag and are now testing out our 200MA - 1Hr .

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Breaking out of this neutral triangle for the first time where it re-tested support and made higher highs, earnings coming around in 6 days can create a catalyst for pre earnings move to break higher if we stay above this triangle (Green).

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Neutral triangle formed, broke down out of convergence point to sit on our 200MA (Green), still chance for a bullish reversal if we do not break through our MA (Red Arrow) and instead make a volatile move similar to the arrow (Green Arrow)

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Broke down out of our bearish flag pattern and bounced off previous lows. Can give opportunity for cheap pre-earnings plays assuming a bullish recovery.

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Descending Triangle following 8 negative days in a row. Watching for breakout .

SpearTrading

Broke Down out of bearish flag pattern. Looking for the continuation of current downtrend

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Double top, possible downside potential, can play the 77.06 - 72.27 range . Can look for a short term play or grab something with time if we break through our 70.47 support (yellow) .

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Re entered our old range, supported on 88.33. Looking to play the range of 90.74 - 99.05

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Coming back to it's ATH, potential for another breakout .

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Broke out of ascending Triangle & supported on 59.92. Might be looking to break back out of previous ATH

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Bullish flag formation intact and steadily reproaching our 200 MA. Might look to make a move on this if volume starts to pickup with a breakout and re-test through our top line (Blue) is observed.

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Made two attempts to break through our top level at 590.67 (blue), most likely will see a third attempt soon that can be our breakout point. Will most likely start to build this position far OTM and after we see a break through the triangle (white) in either direction.

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Broke through their previous ATH, looking to make moves to my price target of 71.89 if we hold above this level (Blue) .

SpearTrading

Approached ATH's with no clear rejection. If we see this support on its previous resistance (Blue) can be an even larger melt up.

SpearTrading

Purchased the $FUTU $55 Call a little early and experienced a quick break down out of our bullish declining wedge (blue). Didn't go exactly as predicted but I held -70% loss at one point for a great play coming out at ~135% gain on initial investment by following my indicators and price action levels. (Blue & yellow) Can present itself to be a continuation play...