Earningsplay
NFLX: Earnings Play?Netflix
Short Term - We look to Buy at 188.46 (stop at 161.06)
News events could adversely affect the short term technical picture. They report earnings after the close. Broken out of the triangle formation to the upside. This is positive for sentiment and the uptrend has potential to return. Dip buying offers good risk/reward. Further upside is expected.
Our profit targets will be 260.00 and 280.00
Resistance: 260.00 / 330.00 / 400.00
Support: 188.00 / 160.00 / 120.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
ENPH- Triangle Breakout - UpdateThe solar sector has been leading the broader markets for some time now, very much eyeing ENPH along with some others in the sector for a run-up & breakout prior to, and after their earnings. ENPH is holding a big symmetrical triangle on the daily timeframe after closing on Friday sitting on its 20-Day SMA. ENPH additionally has some nice bullish divergence on the RSI on the daily timeframe, as well as holding an ascending triangle on the 4-Hour timeframe after forming a bullish butterfly harmonic pattern (See Attached Chart Below). Bullish and will be looking for a breakout from this triangle (Broader Market Conditions Permitting)- Just some support and resistance levels to watch along with some RSI-based supply and demand zones to keep an eye on in the meantime- See previous charts attached below for previous price targets.
4-Hour Timeframe
--Previously Charted--
PT1- $198.17
PT2- $200.85
PT3- $203.22
PT4- $206.60 +
Amazon earnings Hey guys,
I’m really looking forward to amazing earnings!
Little biased here leaning towards the topside although my options spread does include bottom side cover.
I noticed Amazon broke out of the diagonal trend last week which I took some profits on… And retested yesterday with a little bit of a pop.
I’m expecting to see some excitement (next week) before earnings and planning on opening other straddle (earnings week) favouring the downside into early September.
This options spread cost around 9.5 credits and I feel fresh having both ends covered until Aug 19.
FDX - Cup & Handle setup before earningsCup and handle basing pattern.
Huge institutional buying on handle breakout.
Leader the past 5 days during general market panic sell.
Risk: 80 bps
Profit Protection: 3-Day Trailing Stop Rule (Peter Brandt)
You don't need to know what's going to happen next to make money ~Mark Douglas
Anything can happen ~Mark Douglas
How to trade $FUTU for max profit todayHi traders, we have a trading idea we wanted to show you.
The idea is for the $ FUTU stock, the stock is currently in an 8% gap down following the publication of good first quarter financial statements.
In addition, the stock is breaking through the downtrend and is currently holding and trading above it. Our idea is to wait for the stock to build up as a bull flag pattern so that we can place our buy order with a target in the $ 41.8 area.
CRM: Its not all doom and gloom!!Saleforce
Short Term - We look to Buy at 168.45 (stop at 151.44)
They reported earnings with forecasted earnings rising despite strong dollar headwinds. This led to a jump in premarket and could provide impetus for further rise up. There is scope for mild selling at the opening but loses should be limited. Our outlook is bullish. Dip buying offers good risk/reward.
Our profit targets will be 222.00 and 240.00
Resistance: 185.75 / 224.00 / 260.00
Support: 168.00 / 140.00 / 115.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Gamestop (GME) Earnings AnnouncementGAMESTOP (GME) $122.4 Pre market Prev. Close $124.7 (down about .02%) @ time of analysis.
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EARNINGS ANNOUNCEMENT AFTER MARKET CLOSE WITH an EPS(earnings per share) estimate of -$1.45 and Revenue estimate of $1.3B. GME missed last 3 quarter EPS estimates and surprised last 4 revenue estimates. GME net income and revenue was on a steadily decline from 2018 - 2020 with a noticeable increase in revenue but still declining net income from 2020 - 2021 end. Debt/Assets (56%) has improved within last 5yrs with debt on a steady decline and major increase in assets( from 2020 - 2021 ). GME is currently and hasn’t been in a long time free cash flow positive. (Basic Fundamental Analysis)
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Fundamental Analysis Personal Opinion: GME isn’t investable but short term tradable. Bearish sentiment overall in my book on this company. Isn’t investable but tradable ( buy the rumor sell the news). GME share price is on a short term uptrend since May 24. Currently trading below MA60 on 15min chart timeframe but all other timeframes indicates a short term uptrend still exist.
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Chart Analysis Personal Opinions:
- Daily Chart: Downtrend continuation or beginning of a strong short uptrend.
- 2hr Chart: Pullback from previous breakout or a continuation downward (Stoch RSI, candlestick pattern and price action signals a strong sell though)
- 1hr chart providing detailed price action of 2hr chart
- 15min Chart: Trading in a range ( $120.4 - $140 ) Support and downtrend line - would wait until above MA60 or breaks above or below levels.
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Trade for the upcoming BONUS: FCF (Free Cash Flow) - a company share price will always reflect the free cash flow trend. Trending down in FCF, the share price overall will trend downwards and vise versa for an increase in FCF.
#investing#tradingforex#tradingsignals#bearmarket#bitcoin#cryptocurrency#swingtrading#daytrading#investments#money#forex#learntotradestocks#learntotrade#stockmarket
Gap:Bargain buy despite gapping down!Gap
Short Term - We look to Buy at 8.08 (stop at 5.20)
This stock has recently been in the news headlines. They reported an earnings surprise miss. We are trading at oversold extremes. A move lower faces tough support and we remain cautious on downside potential. Dip buying offers good risk/reward.
Our profit targets will be 15.00 and 17.50
Resistance: 15.00 / 17.50 / 25.00
Support: 7.50 / 5.26 / 2.50
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’) . Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
What You Could Have Expected From Zoom's Earning Report?It can be tough sometimes to play ER, but I commend those who have the nerves to consistently play ER's. We know prices can go either way when dealing with earnings.
A company can beat on ER and gap down, a company can miss on earnings & gap up. Sometimes it feels like playing the lottery with ER plays.
There are some things you can notate before you play an earnings report.
Like how has the asset been performing leading into earnings? Has it been bullish? Has it been bearish?
What's the overall sentiment surrounding the asset?
How has the asset been performing against the market?
What is the market doing? Does the overall market seem bearish or bullish. Does the particular asset move with or against the market?
Don't just assume what the asset will do regardless of what the chatter is.
Leading into it's' ER, Zoom has been in a continued downtrend like a plethora of other stocks. Seeing this, along with price action leading into ER. I could expect for Zoom to pop after hours, Why?
One reason is that it has been in a steady decline. There were "trapped bulls" at the 107 area & price made a double bottom from the May 20th trading session into the May 23rd trading session around $85.
Seeing that, along with price being in a steady decline & the chatter of a earnings beat. You could have went long with 95-107 calls with a SL at 85(even though SL's are no good post-market). Nevertheless, Zoom pushed to 107 after hours before fading. Again, ER plays are tough, but there is a method to the madness as well. If you played Zoom's ER, I hope you were on the right side of it.
Catch yall on the next post.....Peaaaacccceeeee!!!!
ROST:Hope despite earnings miss!Ross Stores
Short Term - We look to Buy at 62.32 (stop at 53.59)
This stock has recently been in the news headlines. They missed revenue estimates for the 1st quarter. Broken out or a triangle formation to the downside. Measured move target is 61.00. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. A higher correction is expected.
Our profit targets will be 89.47 and 100.00
Resistance: 70.00 / 80.00 / 90.00
Support: 60.00 / 50.00 / 40.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Cisco: Another Bargain Hunt?!!Cisco Systems
Short Term - We look to Buy at 40.15 (stop at 37.59)
This stock has recently been in the news headlines. They reported earnings and missed quarterly revenue estimates. This has resulted in signals for sentiment being at oversold extremes and we look for a move to the upside. Trading close to the psychological 40.00 level. Further upside is expected although we prefer to set longs at our bespoke support levels at 40.00, resulting in improved risk/reward.
Our profit targets will be 49.99 and 52.00
Resistance: 44.00 / 46.00 / 48.00
Support: 40.00 / 38.00 / 36.00
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Target:Bargain hunt after earnings missTarget
Short Term - We look to Buy at 160 (stop at 140)
This stock has recently been in the news headlines. They reported a surprise earnings miss and this sent the share price plummeting in the premarket. This has resulted in signals for sentiment being at oversold extremes and we look for a move to the upside. Dip buying offers good risk/reward. Further upside is expected.
Our profit targets will be 219 and 240
Resistance: 180 / 200 / 220
Support: 160 / 140 / 120
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Signal Centre.
Bout to run off on the $PLUG $PLUG has earnings this week, Monday May 9th after the market closes. My sentiment for obvious reasons I hope.
$PLUG currently has a head and shoulders trading within a descending triangle on the daily and weekly. I kind of don't like the head and shoulders because the first shoulder doesn't touch the neckline but nonetheless There's also a small gap from 17.7 to 16.70ish on the daily. I think there's two things that are probably occurrences for $PLUG earnings.
1. Dependent on earnings report and macro market sentiment it could bounce to 24/25 area within or slightly outside of the top of the triangle.
2. Will breakdown outside the triangle on (another) missed earnings report and head towards small gap aforementioned above.
Price targets:
17.70
16.70
14
I plan to watch the price action on Monday to figure out when will be the best time to enter a trade. If we have a green day I'll wait until i feel like the peak has reached or if we're downtrending I will wait for confirmation on 5 and 15 minute time frames to confirm the trend. Obviously an earnings play so probably risking 3-5% max off my account.
Pick up that Coin at Actual Floor. JeezEven without chart pattern indicating bounce from here I am a Buyer of shares and mid term calls at this level.
Could be a bullish AB==CD with slightly inflated ratios. I realize the general ratios for these are 0.618|1.618 but I have performed backtests on this pattern in general and there is some wiggle room around these, COIN fits the bill here with the ratios shown on chart. Other factors that indicate a post-earnings bounce (likely major bounce) is on the table with todays low marking the bottom:
- BTC at infamous 30k support which will likely be the spring low in a major wyckoff accumulation phase before markup to new highs - COIN will follow
- Symmetry of B to C and C to D just over 120 days
- bullish divergence in the Accumulation/Distribution
- This is a great risk/reward especially long-term
Targets:
Initial target over the next couple weeks is 150 (near term)
Intermediate Target will test that overhead around the B at the 0.5 fib (low- mid 200s) (mid term)
Target is a full 1.0 retracement to that C at 369 (long term)
Sincerely,
Jeez
PLTR- BREAKOUT OR GOOD BUY OPPORTUNITYPalantir Technologies is scheduled to announce Q1 earnings results on Monday, May 9th, before the market open.
The consensus EPS is $0.04 and the Revenue Estimate is $443.51M.
On the chart, we see a breakout of the support level, but the earnings report will give us a confirmation of whether the breakout is real or fake.
Worse than expected results will push PLTR to dive even deeper into the red zone and new lows below $9 will be displayed on the chart.
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$ROKU Double Top Trade Idea$ROKU has earnings coming up on the 28th I believe and is in a text book "double top" pattern. I got price targets of $93.45, $87.83 and $81.90.
It's crossed over the neck line @ $99.64 on the daily. A daily candle closed under $99.64 would probably be the safest entry but I'm already in 4/29 $80 P and 4/29 $75 P.
Generally speaking Roku usually follows $NFLX. In regards to earnings I don't expect as an extreme move as Netflix but I am bearish on $ROKU leading up to earnings this week coming up. I'll update my position win or lose when I close out my contracts.
*I'm a self taught trader, this is not trading advice in anyway shape or form.
Update to my recent ideaI posted a bullish UPST view recently, but I want to add some important observations that should be noted for anyone playing this tomorrow:
-I can't pretend that unfilled gap from last April-May around 61 doesn't post a major risk here. However, take a look back at the price action last May earnings and you'll notice a common theme, namely, pre-earnings the price came off a bullish anti-cypher harmonic and tested that lower 80 level at the top of the gap for support going onto the report (not shown in chart but take a look for yourself)... due to the high short interest at the time and the earnings beat it absolutely took off to the upside post-ER. Fortunately for UPST bulls currently, heavily shorted and Friday it did the same thing where it tested that upper gap and held so I believe if they impress with this report it will not need to fill that gap (just yet). However, I will be hedging accordingly. The May 13 options are priced for a move to 61-107 (wow)... everyone's thinking it, I'm just saying it THIS REPORT NEEDS TO BE $$$$
- Support to the bullish view can be seen clearly in this 2 hour interval view with that stochastic RSI and the RSI primed for liftoff; furthermore, double completed bullish harmonics coming into this with the same anti-cypher pattern in the most recent harmonic
- If this pops it needs to keep in the upper section of Gann fan for continuation - it needs to keep up with time
- Please refer to the RSI at the 1D level (i.e. see my last post or refer to it on your own chart) - I did a full statistical eval. on the performance over the full history of UPST using RSI as a sole trade signal and it was very impressive. 88% reliability (measured this by the percentage of successful trades, e.g. if RSI purple crossed above yellow and upside move materialized that = successful trade, and vice versa for bearish crosses). 54% capture rate (this is actually extremely rare for trading with a sole indicator, but the idea is after a signal how much of the move on average did the signal capture, e.g. from open long to close long). Average upside move after bullish crosses was +65%... this thing can swing!
Expectations
Bullish case: gap to low 100s and if we see continuation it can run to 114, 120s, 150s, low 170s.. the extent of this continuation (i.e. which of those levels will actually be realized) will depend on market environment and/or if the short interest data are up to date (I'm seeing 28.5% short float, 2 days to cover so this can happen fast if it does move to mid 100s I wouldn't be surprised but I don't think it will be sustained unless whole market squeezes, 38% recent short increase). After bullish run ends (possibly low 170s but I'll be taking profits at 120-150 tbh) I would not be surprised if this whipsaws and fills that gap down to 61.
Bearish case: on a miss this could get hit down to gap fill and, hate to say it, but that downward momentum could send it on continuation down to around 35.. I didn't include elliot wave in this but UPST is, after all, trying to complete a rather funky corrective cycle before beginning next bullish impulse cycle. If someone has that corrective count mapped out I would be very interested in seeing it because I couldn't quite pin it.
Good luck to all, not financial advice but expect some very interesting and volatile price action in the weeks to come.
Start her up...This has the setup to really go, point target = 155 by May 20 (the yellow highlighted date that is covered up (oops) is 5/20).
- target range is 130s to 160s by May 11 - early June, depending on if the price can keep up with time!
- initial/moderate target is 114, which is a statistical adj. target, I'll likely play calls with this as goal target by May 20 (and if I get more, i.e. 130-160, that's great)
- if it falls out of fan off the recent low I'd expect a test of around 64 and would re-eval from there. Need to see how it reacts with market post-FOMC, plenty of upside to be patient here.
Some aspects to note on the side/apart from chart:
- Very heavily shorted this could easily squeeze to target but they need to deliver on this upcoming report
- Irregularly bullish options activity spotted recently with up to $900K sweeps at strikes ranging from 90.00-150.00
Please provide any feedback, especially related to Gann (this is my first Gann idea so any criticism welcomed...
Best,
Bard's Apprentice