Sabre Corporation | SABR | Long at $3.00Sabre Corporation's NASDAQ:SABR earnings have slowly been improving since the pandemic and may be heading into profitability by 2025/2026. Disinterest in the stock may also be waning as the price creeps closer to my selected historical simple moving average (SMA, white and teal lines). Often, but not always, as the price nears this line, it jumps to make contact over a few weeks or months. Not to say that more volatility won't be ahead, but NASDAQ:SABR currently sits in a personal buy zone at $3.00.
Target #1 = $4.00
Target #2 = $5.00
Target #3 = $6.70
SABR
SABR looks poised to fill the gapSabre is involved with the travel business so it is a reopening play. Should be a good trade; I won't be in it long. It also popped up with institutional buying of the $14 strike calls.
Fair Value Estimate from Morningstar: $17.10
June Expiration; $14 strike Calls are the way to play it. The more time the better. Will roll the calls out to further expirations and higher strikes as it climbs towards its FVE of $17.10.
Warren Buffet started buying back his share..!Potential gain:20-65%
Reward/Risk:2-6
Timeframe: 6 months
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IF ONLY I Checked the Pre-Market... Daytrading RECAP 04/13/20Hi traders,
Hope you enjoyed the holidays as much as the lockdown allowed you to! Let's take a closer look at one of my Monday trades.
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the description.*
SPY was down for the first 1.5 hours and then retraced, spending the better part of the day in a range.
Four trades today:
1) RCL - SHORT @34.83, closed just before the close after it ranged all day together with the SPY for +1.43%
2) SABR - SHORT @5.59, did a couple of mistakes I discuss in-depth in the video. -1%
3) PAA - LONG @6.31, a nice cup and a handle formation, albeit a little extended. It pulled down with the SPY before finally taking off without me. -1%
4) MU - LONG @45.49, initially a short idea, MU turned quite strong later in the day. Similarly to PAA it shook me out before making the anticipated move. -1%
Total PnL for the day: -1.57%
Total PnL for the week: -1.57%
Good trades,
Tom | FINEIGHT
SABR S1/S2 and R1/R2 with Pivot line based on my own analysisSABR S1/S2 and R1/R2 with Pivot line based on my own analysis
These S/R lines are NOT the calculated standard formula Support and Resistance levels.
These are based on reading and my own analysis of the Price action over last 2 weeks.
Pivot Line is the Line where SABR price action 'pass thru' MOST candles bars in the last 2 weeks .
My analysis is that these S/R lines are good for 'next 10 trading days '
Daytrading RECAP 04/09/20 - Just in Green for the WeekHi traders,
Alright let's wrap this week up!
*In my ID trades, I risk 1% of the account per trade and go for 2% (2:1 RRR ). Sometimes I adapt a little bit as you can see in the description.*
SPY was making up its mind most of the day but it's just the way it is and it's our job as traders to adapt. I only managed not to lose THAT much today, hope you did better!
Five trades today:
1) BIG - LONG @20.05, closed little above my SL @19.25 for a -0.875%
2) SIX - LONG @16.65, this one JUST hit my target @17.45 for today's only winner of +2%
3) SABR - LONG @7.05 and this time I wasn't so lucky. It turned couple of cents under my PT @7.55 and went back to BE and I closed it at the end of the session for -0,2% loss.
4) ERI - LONG @20.02 - a classical example of a fake breakout, stopped out @19.62
5) HAL - LONG @9.01, the break was good but then SPY stepped in and took most of the stocks down, including HAL which in retrospect could've been a nice reversal trade from my SL on.
Total PnL for the day: -1.1%
Total PnL for the week: +0.95%
I wish all of you a great Easter, relax and let's all get prepared for another week in this wonderful trading business!
All the best.
Tom from FINEIGHT
SABR - short from 26.47SABR seems forming a Flag & pole formation following by a decline with earning release. There was big insider selling back in March. We think it will decline further & our first target is 23.57
You can check our detailed analysis on SABR in the trading room/ Executive summery link here-
www.youtube.com
Time Span: 8:10"
Trade Status: Pending