damdaman

damdaman

Lots of buying in October 40 calls, too.

damdaman

The multi-year bull channel is in purple, the green is the sideways channel we've been in for most of the year. Note how the last break down of the bull channel in October was met with strong buying support indicated by green candles and a long lower tail, followed by a quick snap-back into the channel. Obviously with 4 hours left in the trading day, we could...

damdaman

Personally I might see if I can get in in the next few days on a retest of the support zone rather than paying a few bucks more today, but that may prove to keep me out of a rally... we'll see.

damdaman

Nice reversal back into the channel here today. Could mean a short term really. But as this sideways drift goes on longer and longer, I can't help but feel like the rallies are shorter/weaker and this bull channel will break. The question then will be will that trigger a major correction, or will the sideways drift continue (green channel) and be the new...

damdaman

Crazy sell-off the past couple days, but I can't find any catalyst in the news.

damdaman

We've got a hammer holding both the 200ma and the long term bull market trendline, I expect a rally early next week, but I'm not super confident on how long/strong it will be. Personally I'd like to see a new ATH before I believe this bull market is still strong. Personal bias is that the lower trendline breaks in the next month or two. It broke briefly last...

damdaman

Hammer at TL support.

damdaman

I was lucky enough to ride RPTP's last crazy run up, and it busted through this old resistance level just prior to $15. But volatility is the name apparently, as before long it plunged back under and is now stalling at the same level again. Technically, RPTP will have to decisively clear this level and turn this resistance line into support, which remains to be...

damdaman

This chart is a few days late (I got long at $80.50), but nonetheless I expect further upside to the top of the channel. The pivot was classic with a hammer then doji right at the convergence of horizontal support/resistance line and the channel bottom. Market weakness led to weak candles the next couple of days, but now that the market has recovered, ADBE is...

damdaman

Right at lower long term trendline, pushes SPY back above 200ma which has also acted as support recently.

damdaman

It hasn't been as dramatic as last October, but nonetheless we're close to testing this long-term lower TL again. Shorter term channel broke down today.

damdaman

Assuming this candle holds through the close, it would be a nice hammer-ish candle right at trendline support.

damdaman

RPTP cleared the strong resistance around $12, and has now also broken out of the channel it was in. I don't see any reason to expect it to not fill the gap and test the resistance around $15.

damdaman

Long above this level.

damdaman

It will need to prove it can bust through to new highs. I sold half my position at $79. Holding the other half to wait and see.

damdaman

Reversal candle at short term support. Looking for a short term bounce here.

damdaman

Trying to at least. A close above this line would be an ATH. It is struggling to break through at this point, though.

damdaman

If you're bearish on earnings this week, this could be the best spot to get in short.