🟢ADDED to $PLAY New Target 49.17 for 38.94 (Risk Level - Med)🟢 $PLAY Target 49.17 for 38.94 (Risk Level - Med)
Or double position at - 24.13
Added here today below my next add level so that’s happy… @ 32.88
New Target set…
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
Numbers with an A are places that are a good idea to add if you can.
Numbers with a D are places where you should double your position.
I start every position with .5 - 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
PLAY
Bullish- Triangle Breakout (Long Play)SPWR closed on Friday with a bullish hammer candle right on its 50day EMA. Consolidating in a symmetrical triangle at the moment, nearing the overbought range but buyer volume is clearly picking up relative to seller volume. Has resistance at the $30.75 level that it has rejected twice now. Will be watching closely for a breakout at the end of this triangle, bullish.
Long Play-
PT1- $32.26
PT2- $36.49
PT3- $38.12
🟢NEW POSITION $PLAY Target 51.69 for 46.43% $PLAY Target 51.69 for 46.43%
Or double position at 24.13
With optional adds at 34.67, and 29.84
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On the far right of the chart is my Average (Grey) Current Target (Green), and Next Level to add (Red) Percentage to target is from my average.
I start every position with 1% of my account and build from there as needed and as possible.
I am not your financial advisor. Watch my setups first before you jump in… My trade set ups work very well and they are for my personal reference and if you decide to trade them you do so at your own risk. I will gladly answer questions to the best of my knowledge but ultimately the risk is on you. I will update targets as needed.
GL and happy trading.
I finally added my YouTube Training Video to my profile tagline since I’m not allowed to on here. It’s a quick 15 minute training video on how to set up your chart and how to spot opportunities. So check here first but If you have questions just message me.
If you understand options at all I’m trying to learn so shoot me some pointers…
$PLAY.X HEROcoin microcap alt 1000%?If we retrace to 2019 ATH’s, as you could imagine as the chart starts to pull up from the bottom almost exactly two years later. If it makes a “U”... ? Super cheap. Less than 10 MM marketcap. Recent major acquisition. Public roadmap just released. GLTA. Join our StockTwits thread for vids and DD journey.
$PLAY.X HEROcoin microcap alt 10-20x?Less than $10 million USD marketcap esports gambling token. If it retraces 2019 ATH we’re looking at powerful upside. Good logo, good name, good ticker. Check it out.
BTC Delorian + Purple zone on the weeklyIm seeing a big call here.
Looks like a Delorian on the weekly. It lines up nicely with the purple zone fibs - Patrick Kenney style.
Aslo I bet an evening star will appear at this trend line break, (kings crown seen on the smaller time frames) = the fake out of the bull run before it dumps to fulfill the emotional prophecy of 2017, the retest of its last big B point. Alert set - Green line
Need to be a whale to pull a trade like this off, but lets see how this plays. And check back with it in August 2021 for the replay and see if it reaches TP 1 100k TP2 250K
From the rogue nostradamous. blessup.
GoodFood is readyGOODFOOD (FOOD.TO)
Description:
Montreal based, online grocery company / meal delivery
Share:
Current price: 8.51
Results Y/Y: 130%
618M market cap
33.83% shares held by insiders
6.80% shares held by institutions
Beta 0.04
Key notes;
-Revenues reached 100.7M in the second quarter of Fiscal 2021, an increase of 41.9M or 71% year-over-year
-Gross margin reached 30.4% for the quarter and gross profit was a record 30.6M, an increase of 12.8M or 72%
-Net loss was 4M, an increase of 0.7M compared to the same period last year, resulting in a loss per share of 0.06$
-Quarterly cash flow from operating activities totaled 5.4M, an improvement of 9.3M compared to the same period last year
-Record cash position of 163M
-Active subscribers reached 319k as at February 28 2021, an increase of 73k or 30%, compared to February 29, 2020
-Analyst 479.6M sales projected for 2022: 14.59$ stock value. Assuming 3% of Canadians use online meal delivery for the next 10’years : 3% 38M people = 1.14M potential subscribers, 1/3 target reached already
-Highest profit margins/subscriber growth of the top grocers in Canada
Important recent news:
04 feb 2021: FOOD.TO raises $60M in deal public offering of common shares:“Desjardins Capital Markets and RBC Dominion Securities Inc. pursuant to which the Underwriters have agreed to purchase from the Company, 4,800,000 common shares of the Company at a price of $12.50.
16 feb 2021: FOOD.TO has announced an expansion of its credit financing of $21 million.
Graph notes:
-Finaly broke downtrend and retested it
-EMA crossing
-RSI oversold
In conclusion:
It’s ready for a nice run boys
HeroCoin $playbtc potentialHeroCoin saw a good increase due to being bought out by Greentube / Novomatic recently. The company buying them is worth $5 B and looks to take HeroCoin into its online gambling software. If HeroCoin gets developed more and further investment then id like to see this crypto explode this year.
Looking at the short term charts we seem to have drawn support lines from previous highs. Will $play move up and out of the wedge? or will it fall to support and look to create a new direction?
*im a noob at this so dont take anything seriously, but like if you want more"
Come $PLAY with me If you follow my Twitter you know i am super bullish on this coin even with this minor sell off. The weekly shows more gains to come possibly in april
RSR Update - Perfect Chart! 🚀🚀Looking like we have tons more growth potential here long term. This chart is looking insanely bullish compared to the original call:
Should be able to squeak another 50% at least out of this chart short term. Fundamentally RSR is one of the better projects out there, one of the "good guy" projects if you will.
Looking forward to seeing how this pans out!
$NBEV Swing PlayThe goal for this swing play is for the price to float out of its weekly wedge and bounce off of the trend low (of the previous uptrend) and make a move up to test the trend high (of the previous downtrend). The play will only work if the price can float through trend, if not then the move down will continue and the price will be squeezed by the wedge. The potential gains of this play range from 9.40%-14.80% and the max loss is 5.05%.
Fractal Key:
Monthly Trends- White
Weekly Trends- Purple
Daily Trends- Yellow
Hourly Trends- Teal
Exit Targets- Green
Entry Targets- Blue
Stop-Loss- Red
Position Targets:
Entry- 2.77
Exit 1- 3.03 (9.40%)
Exit 2- 3.18 (14.80%)
Stop-Loss- 2.63 (-5.05%)
GSW hammered & oversold GSW is just another one junk stock with a bright future one may say.
Anyway, due to not so great financials, but very nicely hammered price value and oversold lvl my play is Buy, with a SL in a range of .33 and TP .56
PLY PLAYAs for this moment wavecount is quite obvious, however 24.10 PLN level as SL is set. 40's levels are to come with present shape of Play chart.
THE WEEK AHEAD: PLAY, ACB, PTON, CHWY, WORK, AEO, GDXJ, QQQ, EWZEARNINGS:
Some decent earnings on tap in terms of options liquidity and implied volatility metrics this coming week. Here they are, ranked by how much the at-the-money short straddle is paying as a function of stock price:
PLAY (33/136/35.5%):* Thursday after market close.
ACB (30/205/32.5%): Wednesday (time not specified).
PTON (66/125/32.4%): Thursday after market close.
CHWY (19/112/25.7%): Thursday after market close.
WORK (51/104/25.1%): Tuesday after market close.
AEO (36/108/22.6%): Wednesday before market open.
ORCL (42/47/10.8): Wednesday (time not specified).
Pictured here is an expected move short put in PLAY with a break even at 13.70, 9.5% ROC as a function of notional risk, 88.9% ROC annualized; 4.8% ROC at 50% max/44.5% annualized at 50% max. Look to take profit at 50% max or cover if assigned. Basically, another COVID-19 recovery play (along with airlines, cruise lines, and restaurant chains).
With ACB and AEO being under $20/share, my basic approach would be either short straddle or iron fly, with the latter set up to generate risk one to make one metrics.
Examples:
ACB October 16th 8/9 "skinny short strangle," 2.70 at the mid price.
ACB October 16th 3/8/9/14 "skinny" iron fly, 2.42 credit, 2.58 max loss.
AEO October 16th 13 short straddle, 2.90 at the mid price.
AEO October 16th 8/13/13/18 iron fly, 2.48 credit, 2.52, max loss.
With the remainder, I would generally just sell the 20-25 deltas:
Examples:
PTON October 16th 65/135 short strangle, 8.43 credit at the mid price.
PTON October 16th 65/105/110 Jade Lizard, 6.01 at the mid price (no upside risk, downside break even at 58.99).**
PTON October 16th 2 x 55/2 x 60/125/135 "double double" iron condor, 3.43 at the mid.***
CHWY October 16th 49/90 short strangle, 5.08 at the mid.
CHWY October 16th 45/50/85/90 iron condor, markets showing wide in the off hours, but would look to get at least one-third the width of the wings in credit.
WORK October 16th 24/41 short strangle, 2.52 at the mid.
WORK October 16th 21/24/41/44 iron condor, 1.00 at the mid (but also showing wide in the off hours).
EXCHANGE-TRADED FUNDS RANKED BY PERCENTAGE OF STOCK PRICE THE OCTOBER AT-THE-MONEY SHORT STRADDLE IS PAYING:
TQQQ (49/117/29.0%)
GDXJ (22/59/14.7%)
XOP (16/56/14.3%)
SLV (44/55/14.0%)
GDX (23/47/12.4%)
EWZ (21/48/12.4%)
XLE (27/43/11.6%)
USO (7/44/11.4%)
SMH (26/41/10.3%)
I don't usually play TQQQ because it's leveraged, but thought I'd keep an eye on it if it does a mid-March lather, rinse, repeat.
BROAD MARKET:
QQQ (44/38/10.2%)
IWM (34/37/8.5%)
SPY (26/30/6.3%)
EFA (23/24/6.3%)
IRA DIVIDEND PAYERS:
EWZ (21/48/12.4%)
EWA (27/30/7.7%)
IYR (24/29/6.9%)
SPY (26/30/6.3%)
GLD (31/23/5.3%)
TLT (17/19/4.3%)
HYG (23/16/3.3%)
EMB (13/13/2.7%)
* -- The first number is the implied volatility rank; the second, 30-day implied volatility; and the third, the percentage the next monthly at-the-money short straddle is paying in credit as a function of stock price.
** -- Currently, PTON is showing some horrible skew on the call side, which can be accommodated via ratio, Jade Lizard, or a "double double" iron condor.
*** -- Double the number of contracts on the put side with the short put at half the delta of the short call and the short call vertical aspect at double the width of the put side. Hence the term "double double."
3-Bar and 4-Bar Play AlertsThis indicator helps identify 3-bar and 4-bar plays, which are price action patterns consisting of a wide ranging bar that breaks above or below resistance or support, followed by one or two collecting/consolidating bars, then a continuation bar in the direction of the new trend. The 3 and 4-bar play is taught by Jared Wesley and Anmol Singh at Live Traders.
The indicator works by looking for a wide ranging bar breaking out of an offset donchian channel, followed by one or two consolidating bars, then a continuation in the direction of the move. The script will place a label on the chart when it spots the pattern and alerts can be set up. Enjoy!
Bullish Entry for PLAY, Next Zig Zag Positive Wedge: $17.50 LongRight now, I think it is low to mid risk to have an entry on PLAY for a $17.50 long target. I think the upcoming wedge in the Zig Zag pattern is likely going to be positive, and it is one of the stocks you can buy and have a close watch on. It already passed the high risk period for bearishness, and the market cap is quite low. As always, this is on an opinion based basis and pursue at your own risk.