NYSE:MGM Weekly chart shown to get a better idea of the room left in the long(er) term uptrend channel following the steep drop. close up of the daily shown below. Can get in with minimal risk by playing Aug 16th options, I personally find the Aug 16th C31 at .44 appealing. Will be initiating position in the am. Reasons why are pretty self explanatory on the...
NASDAQ:ATVI Underlying chart is for ATVI, the orange line is representative of EA in comparison. Overlaid the two to highlight the simultaneous breakouts of both stocks from resistance that has held them both down for months. ATVI has a really wonderful gap fill opportunity overhead, and EA should be able to run up to 113ish, and if it can push through that area...
NASDAQ:EA Weekly chart shown. It really isn't rocket science.
NYSE:KSS Kohl's is beat down (again) after the latest disappointing ER and continued retailpacolypse. But every sell-off has its relief rally pop, and if history is any indicator then Kohl's is ready to have its run. Last major gap down and continued sell-off resulted in very similar indicator setups, and very similar timelines on the relief. Within the next 4...
NYSE:FLR $FLR setup looks ripe for the picking. Can pick up July 19 C32.5 for less than 50 bucks apiece right now. Has retested and held above inner resistance breakout, and indicators are pointed in the right direction. Also just experienced a 9x volume day last week. Picking up a few call options tomorrow myself GLTA!
DLTR breaking out of resistance downtrend line, with gap above left to fill. May wait to see if a pullback retest holds at new support before entering long, or minimize risk with given call options. GLTA
This is a weekly chart, and this pattern upper target will take a little time to develop. But, if you have the patience for this type of long call game, the Jan 2020 calls for 150 are available for .80-1.06 bid/ask, midpoint .93. Might wait until after next ER to get in, or go ahead on the expectation of a good result. I do like this as a long term options trade,...
Breakout from bull flag consolidation looks to have M ready to return to resistance just over 45 area in my opinion. GLTA
LOW 4 hr chart shows breakout and held retest of resistance line. Looks poised to make a run into earnings on 8/22. GLTA
Daily chart for V shows breakout and retest of resistance out of rising wedge pattern. Weekly chart posted below to illustrate the lack of overhead supply that normally acts as resistance areas for stocks on their way up. V looks pretty clear for a ride past 150 in my opinion. Earnings Report scheduled for July 25 could act as an upside catalyst. Long call options...
AUG 18 100 calls for .20 now. Looks like plenty of room left to run. Earnings on 7/24. GLTA
Daily chart reveals breakout of resistance within consolidation pattern. Should result in upper resistance of pattern being revisited in an attempt to breakout out anc continue into 50s. Move to mid 47s area seems most likely, the point at which resistance should be found again. Snaphot below shows hourly chart, giving a glimpse of the breakout. Shows last candle...
Trade analysis on chart. My favorite trade for this name right now is the 18 AUG 17 C55, right now at .55-.57, but will likely be a little cheaper if selling continues tomorrow. I will be buying some of those calls at the cheapest price I can get them, hopefully in the .4s. GLTA!
Chart shows classic consolidation and plenty of room to run on the wkly, shows possibility of slight pullback out of overbought conditions on the hrly, (hrly chart posted below) which would be prime time for long entry in my opinion. Earnings report due 7/27. GLTA.
Posted Twitter 7/4 I would be a buyer of BTC at the 6180s-6300s area. Just made my first purchase at 6290, see if this can confirm itself as a reversal. I dump the trade below 6k. GLTA
CHKP broke out of trendline resistance, RSI b/o, MACD crossed over zero line bullish, Vortex Indicator crossed over indicating possible trend reversal. Close up of price action on chart below. Resistance likely in 105 area, bottom of gap above at 110 area. Two possible options trades shown on chart, depending on taste and whether or not you want to play the ER,...
Two different options for trading on chart. RSI in bullish diversion, MACD curling upward, base building at an area of support. Could head back up toward 200MA at 147 area and toward filling two gaps left above. Run could come into ER on July 31, options on chart depend on risk taste, whether or not you want to play the ER. Good luck to all.