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004. Piggish Play - Long Dominos Pizza (DPZ) on 6/1/2020DPZ is a volcano set to erupt. It has been consolidating in this defined purple range since April 13th, after a massive gap up on an earnings crush. With institutions like the FED and other funds (who got the green light from the FED) are fighting popular opinion that the markets should be in a state of retracement. The reason why taking a long position in either equity or options is wise is because Dominoes can thrive under the two scenarios that could arise in the next month: 1) The infected count increases to the point of a second quarantine and DPZ sees further increased revenue 2) Everything is contained and life moves on along with a bullish market Technically speaking, the chart is primed for liftoff. All of the key EMAs are aligned for takeoff and a broad base has formed after two months of tight consolidation. The orange line splitting the middle of the chart represents the new bullish price channel, should the 390 line break + hold tomorrow. Such a channel suggests that a 50 point move is more likely than not over the next month. Therefore, entering a long position in equity and setting a looser stop is the way to play this like a fiddle. Trade Overview: - If DPZ breaks 390 tomorrow, enter a long position above 390 for a price target of 340. Sell above 330 before the end of the month, if it cannot break 340 by then. - There are blue skies above 390 (no historical resistance), so there's always a chance that it really moves closer to 500 in the coming weeks. I am not 100% psychic, so it is difficult to peg a specific price target, but I think that 340 is the most reasonable place to take at least some profits. - Set a loose sell stop at 368. - The reason for the loose stop is that it is very unlikely it pulls back significantly. If a tight stop is set, you will get shaken out before the next leg up and you will be either sad, chasing or both. - If DPZ cannot break 390 due to an extreme market-wide move down next week, then wait for an alternative entry at 350. The odds that it closes below 350 over the next 6 months are astronomically low. NYSE:DPZ
NYSE:DPZLong
by UnknownUnicorn5511258
USDCHF - EASY Trading Setup - Trendline BreakHi Traders! The price is moving in a range - or it just hasn't a clear trend. As you can see the price reached the Support below at 0.96400. After that it rallyed towards the Resistance at 0.97300. It was moving around there a bit and that's when the Trendline occured. This trendline finally got broken. Now we are trading because the Break is our entry trigger. The SL is above the strong Resistance and the TP is at the next Support. We recommend to close the trade when bullish power comes in. Thanks and successful Trading :)!
Short
by swissmoneymakers
Is Spy Bearish and When to Get In?This week has definitely been the most baffling to new investors and the untrained eye. This gap up on Monday followed the general market rules and the following days have been acting accordingly. If you understand the past movements feel free to skip to the Predictions section below; otherwise, keep reading. Why the Gap? First off if you don't know what happened, it has to do with the head and shoulders pattern that formed over the past month and the following pull down on Friday that occurred as a result of the pattern. This pull-down was headed to a destination, give or take the 260 area, but they needed to retest the neck-line to see if this movement was in fact valid..this happened on Friday, but the bearish head and shoulders pattern failed therefore the pull-down movement was the gap-up we saw. This type of movement calculable and I suggest you do some research if that interests you. Predictions Look for the time being you should ask yourself: where are sellers likely to come and when will the bulls lose steam? My thoughts are that a we will see sellers around the 299/298 mark. Why? Because this is where the 200 period moving average is for on the daily... need I say more? If they blast through this value watch the big fat round number 300 and past that will only be short squeeze to 302ish, this is where the head-and-shoulders reversal calculation will come in handy. These values are the big 3 to watch out for and a good entry point for a sell-off to at least the neckline, yes I know it should be invalidated but it is also a trend-line and I like the values(290 in particular). What Am I? I neither a bull nor a bear... just a trader. Check out my other predictions for quality and accuracy... except the fugly DKNG prediction. I learned a lesson that day, but on SPY and other major indices I pride myself as being in the know. Like and Follow!! Also please leave comments and questions. I will happily answer and digest your guys input!
AMEX:SPYShort
by itsQure
2
DKNG is a fat pig of a stock and it is about to get butchered.I mean they have outstanding debt and their price has been pumped up during a time where consumer traffic is less than their usual. I personally think a negative earnings is coming and it will hit the price hard. I do not usually have a position during earnings but this stock slapped me in the face twice and I think having a put on it will be a safe trade. Possible upward movement is their recent high of 28 dollars and downward movement could result in a price of 17-19 dollars.
NASDAQ:DKNGShort
by itsQure
10
Ball Corp Possible Move.I am posting because of how low the amount of post are on BALL. I this is a very fundamental stock that is very good for making smart trades. It is trading lower and the today formed a bear flag. Possible gap down to the level indicated (I like it a lot) and if SPY is consolidating or bullish tomorrow then we could see a push up, even with the terrible earnings call. Dont be confused I would sell same-day. Disregard the levels. They are from a previous trade.
BLong
by itsQure
GBP/CHF Short Another pair that I had on watch last week and that I mentioned in my free weekly outlook. This pair gave a nice bearish close on Friday at a major key area on the chart. I am now short this pair and expect it to retrace back down to the lows. As before, I will lock in at break even at my alert, and ill be closing out some of my profits on the way down. If you want to learn more, please follow me on here or on Instagram @saxonpooley. I produce free weekly outlooks every weekend, where I break down key areas on a pairs I am watching. I also teach people how to trade so if you are keen to learn, feel free drop me a message! Saxon
Short
by ProsperousTechnician