Growthstocks
SQ bullishI am following up on my last bullish call on SQ from March. The same pattern is showing unusual trading in the shares, which should propel the shares higher.
Bought ROKU Call Spread Jan 2020 55 C - Jan 2020 60C for $2.30/cEntered this Long Term Trade for $2.30/contract, since it completed a Long Term Breakout on a great percentage gain of more than 5%.
I will hold onto this trade until it is either close to max profit of $2.70/contract, which would yield 117% in about 15 months, or until the debit spread is cut in half.
First level of resistance is about $67 and after that $75.
Happy Trading
Lindosskier
BLRX - Breakout proneBLRX chart is looking pretty prone for a breakout.
BLRX has been undergoing consolidation and it appears to be ready to go higher
Technical Analysis:
BB and Keltner Channel Squeeze
Price and Volume Trend during consolidation
Positive Volume Index
Regression Slope
Rate of Change
Money Flow
Small Wave Count
Overall Chart (Weekly)
Overall Chart (Monthly)
Overall Chart (6hr/3hr)
See related idea for fundamental analysis
Carvana is not done going upShort term i see this stock consolidate a bit, we are way oversold. But this stock is not done going up, carvana is a real business disruptor.
Conservative price target for this stock is 50 dollar per share.
In best case scenario, you could see this stock soar to 3 digits.