Calls
PLUG power price action forecast for next week!Our cycles analysis indicates the following forecast for price action this upcoming week! Will be utilizing 10$ strike Put and 13$ strike Call options for 8/21 and 8/28, respectively!!
Ultimately headed to 22-25$ per share by end of September 2020 in our view!!
Let us know your views in the comments below!!
Clorox (CLX) - Catching the PivotAs mentioned before, Clorox ( NYSE:CLX ) has been one of those steadily rising stocks that appear to be benefiting from the Coronavirus. Logically, it makes sense that a company like Clorox would do well during a time where sanitation is of the utmost importance. It's not surprising to see that CLX is on the rise, however, even rising stocks need to take a breather once in a while, catch their breath, and then continue on their path. Usually, I use the 8, 13, and 21 EMAs to locate potential pullback trades, however, this particular stock seems to gravitate more accurately to the lower Keltner band before pivoting upwards. I have marked other pivot points with white arrows that confirm CLX has bounced in the past in relation to the lower keltner channel band. As always past performance does not indicate future results.
I reduced the opacity on my EMAs so you can see the Keltner channel lines more clearly, putting less strain on the eyes. Nothing like a chart full of lines to put your mind into analysis paralysis. My guess here is CLX might find support as it has done in the past at the lower Keltner channel and continue moving upward with its current trend. Therefore, I will flag this idea as bullish and see what happens.
Bad Apple - AAPLAccording to the news, Apple ( NASDAQ:AAPL ) shares sold off today as well as other tech stocks and supposedly dragged the S&P 500 down with them. As crazy as that sounds, I have come to accept that the markets are, as always, unpredictable. Banks stocks on the other hand were in the Green. Let's follow AAPL and see if the SPY continues to follow AAPL further down the rabbit hole. I would be interested to see if we pullback to the 21 EMA or if it blows past it. I am leaning long only because I think SPY wants to retest the all time high of 339.08, and more than likely, that will require all of the heavy hitters, APPL included to pull higher to get there.
Bullish scenario forecast for Boeing Airlines (BA) for AugustNYSE:BA Triple green candles on daily chart potentially indicating reversal upward after finding support near 150$ support area . Looking for a potential swing trade bounce up to fill the gap near 245-250$ zone on daily timeframe .
Utilizing 240-260$ Strike BA call options for 8/21, 8/28, or 9/4 exp might be a more aggressive path to trade this setup. if no new lows then 260 should be printed very soon, in our view. Our cycles analysis indicates a new buy cycle has begun. SL at 150, TP1 at 272
Boeing $200 in August, $300 by October IdeaJust some analysis that i've found showing some strong support for BA. Hopefully some more air travel and good news could help push this along with the technicals. Please make any critiques as I'm still learning.
August 13th - $195 strike call @ $0.43 ($43)
October 16th - $300 strike call @ $1.77 ($177)
NFLX CallsIm still in on NFLX calls, the chart is looking great dont mind all my trend lines, I like to use them to show support resistances and rice targets on multiple time frames, the main target for NFLX is 525 to fill that MASSIVE gap which is a great opportunity for all of us.
I got into Aug 7 525 calls if it doesnt hit 525 by next week ill sell the aug 7 and buy into 2 weeks out.
Feel free to direct message me if your interested in joining a trading group, or if you would like me to answer some questions.
Good luck trading everyone!
Institutional Weekly and Daily Supply for CopperDear Family,
I am back with a new chart, the markets overall provided one great opportunity last week, but since banking that setup, not much happened. Patience is
really key in trading, I am more out of the markets than in the markets. Several pairs are shaping up for end this week / next week, one chart I am also looking at
is Copper for a short.
Both the weekly and daily chart are moving towards a clear institutional price area, when this is reached we're all waiting for our 2 type of strategies to develop.
I hope you are finding value in the calls we make, speak to you soon.
Max Nieveld
How I see SPY Playing Out in the Near TermI recently read the first half of technical analysis of the financial markets, and I noticed that SPY had formed a perfect double bottom reversal pattern. Additionally, SPY has broken overhead resistance at 312-313, returned back and it acted as support. Now we will see a final push upward to fill the gap near 323. This may continue higher to close the last gap overhead from the February 19 drop.
In the near term, I think we have a bit of a melt up (not like tesla though), to sucker in more FOMO and buyers. Then we see a 15% pull back to close the gap below at 280.....Queue round 2 of fiscal stimulus, and go long with 1/15/21 calls SPY 400, QQQ 300, TSLA
Looking back at major movements in SPY I have noticed an odd pattern of dates that are 9th, 19th, 29th being the beginning of a major reversal in trends.
Feb 19th, we all know that date, beginning of free fall
(more dates below)
Not financial advice, more for my own record keeping and being held accountable for ideas. Happy to discuss the book if anybody is interested, I have found it quite useful as of late.
Tesla- Waiting for a pullbackTSLA soared to all time highs this week... and though it would be fun to jump in on the action, it just feels like Iwould be entering no man's land to be bullish on TSLA at such a high price. I am going to be watching for a pull back somewhere between the 13 and 21 EMA over the next 7 to 10 days. What goes up, usually comes down. This is one that I will be waiting for in the days to come.
PPL Call signalLong term PPL is still heading back to its 29 price range area I called this in the group chat at 26.09 for short term banking with group members
The group chat is having a 20% sell for the 4th of july ( Use coupon code: "July4" ) and will go on until sunday the 5th. I would , love to see anyone who supports my posts join our group and make even more money with us as we grow richer and richer by the day: If your interested join through DMing me
All you'll have to do is join the discord, then go to free chat room and type upgrade and set up your membership.
And of course Direct message me with any questions you have!
AAPL signal updateLong target is still 400, everything is going well, its going back to retest this weekly support thats been holding strong. 400 is coming soon my friends
I also called this out on the group chat july 1st at around 365, for a good shortish term entry to make quick bank
The group chat is having a 20% sell for the 4th of july ( Use coupon code: "July4" ) and will go on until sunday the 5th. I would , love to see anyone who supports my posts join our group and make even more money with us as we grow richer and richer by the day: If your interested join through DMing me
All you'll have to do is join the discord, then go to free chat room and type upgrade and set up your membership.
And of course Direct message me with any questions you have!