DISCLAIMER - I currently have long positions in AMZN started at $1867.
Position established at around the first pullback after the push up over the new year break. AMZN looked like it was headed for a bull flag chart formation and completed that with highs around $1900 today (1/2).
This pattern looks like it's starting to run out of steam, but has some legs...
DISCLAIMER: I currently do not have any positions in SONOS, but I am looking to hop into a short trade prior to the pullback.
The current trend looks like it has some room still to go, however, at the top of the triangle there appears to be two big points of resistance that the stock faces from a historical standpoint.
At the beginning of the current positive...
DISCLAIMER: Currently have an open position on TSLA.
Tesla has had a good run up to end the year, however, the rate of increase seems to be a bit more rapid than natural (probably some combination of FOMO and good news). The next earnings piece looks to be mostly priced in to the current levels, however could go up on a solid earnings beat.
I'd think the current...
DISCLAIMER: Just entered into a short credit call spread, plan on exiting with roughly 40-50% gain. Stop is probably going to be around $85.
The chart looks like it's wedging up while the money flow and strength of the current upward movement look like they are turning towards exhausted. I think the top here is somewhere between $82.50 and $83.00.
Long term I...
