Earningstrategy
Broadening wedge earnings playUSM is now in a broadening wedge pattern. Past volatility has proven profitable, hence my long order is till 50 MA and my short order is till the last low.Also, the volume has decreased showing there maybe a large breakout about to come and the Coppock curve is in a horizontal pattern and has also gone negative so it may rebound and go positive.
Tesla Head and ShouldersTesla has produced a head and shoulders pattern. It has not yet broken out of that pattern but today is earning report- so maybe the opportunity is rising to profit tremendously. The volume has been in a decreasing trend ever since the last earnings report, so I accept a large breakout. Also, the coppock curve has been in a decreasing trend line for a while. I have put the buy order and the sell order at 3.00% take-profit, to cover any potential rebound in the short term.
Earnings cup and handle patternTRI has provided a cup and handle pattern - and is currently in a short term flag. The coppock curve has been decreasing with the flag. Long order is till the open of the flag. Short is opening below 25 MA. Also, the volume is decreasing with the flag at a angle of 35 degrees - showing a potential large breakout.
Earnings Flag Breakout?DVN previously has produced a head and shoulders patterns, hence the decrease in stock price for the long period. But, recently the stock broke out of its flag pattern and it is also earning report day for DVN today. So, there is an opportunity. I have put the Long order at the next fibonacci level, as that will provide support and resistance. The Long take-profit is till the 50 MA. The Short order is until the next lower fibonacci level.
Amazon's current issueAmazon's total revenue has been increasing quarter on quarter since 2012, this is shown by the stock price rise form that point. But the current trend is a head and shoulders pattern. the stock rose against the head and shoulders pattern which is only natural, could this mean a larger reversal is coming for the stock? I have chosen to hedge this earning report. But, AMZN doesn't really have that much volatile in times of earning report - unless the surprise is astronomical. So, I'm going to be cutting short any losses. Also, the 100 MA is providing resistance as of this point, so this may be the volatile we are looking for, as stock usually rise or fall quite bit near moving averages. So, if the stock does boom, will it be enough to over power the head and shoulders pattern?
