Gold long @ 1918 +/-. 22/9/23Gold probably found its support near inverted order block now building its base on wave 2 (yellow circled) ( p/s : base always in consolidation) before a big "up" rally
BRB
$LMT Lockheed Martin - Breakout, Retest, Bounce Candidate$LMT Lockheed Martin - Breakout, Retest, Bounce Candidate
Assuming $440 support level holds this week, monitor for a bounce toward $500 level medium term.
Medium Term Target: $500-$520 range by Q3'22
For an options play, I am looking to go long the Sep 16 22 $450 calls going for around $25.00 currently. If I was forming a spread to limit risk I would be selling the $500 calls with the same expiration. Or you could look at a calendar spread where you sell the $450 calls with an earlier expiration.
Note: This is NOT investment advice. This is opinion only.
$CPB Long IdeaCPB had some sweeps and block call flows yesterday and the cart looks good IMO with a nice gap above, strength and volume uptick.
Trader went 5/6 48 calls 300K premium and 5/20 call sweeps 48/49 strike.
I like more time, so I'm long 5/20 49 calls, swinging and singing baby
Target would be gap close 48.78 but will start trimming calls on the way .
Cheers
$AFRM Affirm - Breakout, Retest, Bounce Candidate$AFRM Affirm - Breakout, Retest, Bounce Candidate
Assuming a close at or above $123.70 today...could see a strong bounce into next week.
Near term price target: $140-$145 range
Note: This is NOT investment advice. Educational only.
$ON Breakout Retest Bounce PT $50-$52$ON ON Semiconductor Corp
Broke through ~$42.30 resistance last week...appears to have successfully retested that level as support today (combined with 9d ema line support).
Beautiful setup with a high probability of a bounce from here. Note: a close back below ~$42.30 would negate this setup.
Near term target: $50-$52 range possible by end of April (16%-21% return)
Note: This is NOT investment advice. Educational only.
