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867 China Medical Systems Breakout / Long IdeaHello Tradingviewians, CMS has been in a long consolidation to digest lowering growth rates. Additionally it has been under fire by short sellers, alleging CMS of faking revenue numbers. Should the numbers be genuine, and factors like consistent insider buying suggest it, CMS represents serious value at this point. Technically, a two year downtrend collides with the support line of the superordinate uptrend. Should ladder win, a short squeeze may follow to previous interim highs. After a phase of returning confidence, all time highs could be reached again. This is my first published technically supported investment idea. Let me know what you think. Thanks! BR
HKEX:867Long
by UI00
$DKNG Big Head and ShouldersThere's a pretty good Head & Shoulders on the Daily/Weekly for $DKNG. The right shoulder is surprisingly similar in structure to the left shoulder.. a peak, trough, then lower high. Neckline is a little bit dirty, but then again its COVID so not a lot of us are shaving regularly :) Today saw a nice spike which MAY be the real move (news that they are launching gift cards for the holidays), or it may be a fake out- which is what I am hoping for. Either way this will be making big move shortly. My hopes is we end the day with a big upper wick/shadow and start TODAY. The expectation would be a drop below the lower Bollinger Band and ride it down there mostly like a diagonal escalator, as seen previously. $40 is a nice price to hope for. Options IV30 Percent Rank is 10% today. Very low and subdued. Meanwhile term structure saw some signs of the beginning of Backwardation- in other words, the nearest expirations 12/18, 12/24 saw an increase in IV, while the mid-terms remained the same and the far-terms actually declined some. What this means is that the tail is starting to wag. So how do we play this from an options viewpoint? Long Puts Vertical Puts Long Straddles/Strangles or Debit Iron Butterflies/Condors The 1/15/21 and 2/19/21 expirations have decent option chains, with Earnings expected to be about 2/11/21. If IV rises significantly and you are strictly long puts, you have a great opportunity if this does make a significant move down as the shares are already Hard To Borrow. On stocks that are HTB if there's enough pressure they can run out of available shares to short or have such outrageous borrowing fees that the premium on Puts grows very high. Though there isn't much to be gained from selling calls for credits- IV is so low, I have opened some Bear Credit Spreads to offset the cost of Bear Debit Spreads. Theoretically speaking, you're offsetting your loss if this stocks..does nothing. If it moves sideways, the loss on the debit of the Puts are largely reduced. Good luck and happy trading.
NASDAQ:DKNGShort
by chrism665
8
$AMZN - Be Patient, big move is comingIf you are thinking of trading Amazon, the best move right now is to probably not trade Amazon :D Underlying Stock What I see- BULLISH: a nice Head and Shoulders that appeared to FAIL last week, with enough support to stop it from even testing the neckline. BULLISH: a Symmetrical Triangle with price coming from below, which means this is more or less consolidation before a breakout UP NERVOUSLY BULLISH: Still -barely- above the lower band of the Bollinger Band. I've noticed that that AMZN more often than not rides the SMA20 on Weekly before pushing off. If the band width was larger and it crashed through the upper band it would have more conviction to make a move down. In this case it seems like a sideways break before continuation. Here's a scenario from recent history that looks similar to me in regards to price and the Bollinger Band squeezing- And here's out current one without any drawings for context- The big thing here is that we are getting ready for a squeeze and a big move. Be it the triangle narrowing down, or the Bollinger band width getting very tight, this range has to break sooner or later. Options The Implied Volatility (IV) on AMZN options is not very good for selling premiums at this point. Market Chameleon puts the IV30 rank at 47%, which is low and actually resting just below the HV 252 MA In other words, options volume (and underlying price) is coiled up like a spring If you look at the maturity and structure of AMZN IV, it's very much in Contango, basically waiting for the next quarterly earnings report (at the end of January/start of Feb), or some other event The way I want to play AMZN is to patiently wait for about the $3000 price and either long shares or long calls while the IV is cheap. Set the limits on buying low and let price come to you. To really micromanage the options I would either buy short-termed calls at the bottom and try to write short-termed calls against them after a day or two of movement up, or buy something like the 02/19/2021 expiration, $3200 strike, and write the $3200 call on an expiration 2ish weeks out, then keep rolling that option out. (Rollouts are fragile things.. on one hand the closer towards expiration, your short option will plummet in price which is nice, but the amount of juice left to squeeze gets exponentially smaller and your long option's decay starts to outweigh this. Think a $20 option losing 75% of its price in a day-- $15, wow that's nice, but if your $200 option loses 10% of its price in a day, that's $20 lost, for a net loss on the day of $5.) I'm not a professional financial advisor by any means. The more I learn about stocks and especially options, the more I understand I do not know a lot. I am sure there are people out there who could comment on a number of things said, especially in regards to my options ideas, so please make your trades based on your own research and levels of risk.
NASDAQ:AMZNLong
by chrism665
14
December Squeeze for MSFTNASDAQ:MSFT had a short interest of 1.1 in the month of November. Since the beginning of the month it has formed lower highs and higher lows in resemblance to a wedge. The most traded price was during this month was around 216.34 and I believe that this price being broken along with the ascending wedge breaking, MSFT could chase 221.86 or higher. The CCI sits on its reversal line and many questions still remain, however if there is continued positive vaccine news and the new Xbox continues to sell, MSFT seems to hold a lot of upside at this price.
NASDAQ:MSFT
by crawfordpaul
BTC - Analysis Below Prior Highs - New ATH's???*The charts are on a logarithmic scale* Bitcoin has had some very strong price action of late (clearing both of my prior price targets i'll say too), and as my prior BTC piece noted alllll the way back in May that after the $14,000 target was breached we would more than likely see a period of FOMO to prior highs... ...We may very well be seeing the beginnings of that now, as we are currently sitting just below the 90% retracement, which i understand is not a traditional fib number, but i recommend you add it to your repertoire as it is quite useful, but i digress. With prior ATH's only a mere 26% away (around $4500), it will likely be reached quite soon I see three possible scenarios once BTC reaches the prior highs 1) 'What resistance?' - price blows through and buying begets more buying before a major pullback occurs (LESS FAVORABLE OPTION) 2) Minor selloff - followed by breakout higher (PREFERRED OPTION) 3) Major selloff - followed by consolidation (POSSIBLE, BUT LESS LIKELY) The first reason that i expect to see at least SOME selling is the fact that there are undoubtedly people who bought into the 2017/2018 mania who simply wish to be done with crypto (they will call this a suckers rally), but at this point with major institutions like JPM bringing their own crypto products to market and many high profile investors giving glowing praise for BTC, i do believe these to be in the minority of crypto holders at this point. The second reason is the influx of new traders who have entered the space, from lower prices, will use this as a point to potentially take profits, BUT other traders will very likely use a breakout to new highs as a signal to enter NEW positions also, this then becomes a case of supply and demand at work. On the shorter timeframe we can see that BTC is quite extended, however it is also doing a good job of holding these gains, should BTC fail to hold these gains (from sideways price action) i expect that a move to $14,000-$13,500 is not off the table. Overall i expect that BTC will continue to drift higher, potentially to the 90% retracement at $16,360 at which point i would LIKE to see some consolidation or a minor pullback (remember that intermittent and minor corrections are preferred to singular and major crashes). Finally i will remind readers that the monthly (and fortnightly) squeezes in the altcoin market are nothing but bullish for the overall space, the fact that BTC DOES NOT have similar patterns present suggests that a period of out performance for the altcoin market is more than likely to follow, this also lends credence to the idea of a pullback/ consolidation in BTC around or just above/ below prior highs. -TradingEdge P.S. i strongly suggest you read my prior piece on BTC as it laid out quite a nice path for how we got to this point
BITSTAMP:BTCUSDLong
by Profit_Link
$APVO Nov. 05th 2020 Long day trading Opportunitywait for a pullback and consolidation with $APVO $14.42 to $14.5 Entry point for APVO SL $13.99 1st Take Profit point 50% holding at $18 2nd Take Profit point at $23.90 (3rd Squeeze, or the last potential squeeze) if APVO $14 not violated and Consolidate above vwap if the 3rd breakout at $19.46 occur with APVO, we could see another 23-24% Upside Squeeze from the $19.46 breakout point 1st squeeze had a 23% upside from 9.15 2nd squeeze had a 23% upside from 11.65 3rd squeeze will have another 23% upside from the 19.42 Breakout PS: tomorrow 10:40 AM and beyond APVO has to hold above $16.28 for any hope of $19.32 breakout key level $16.5 for hope of 19.32 breakout and if $14 get violated downwards might signal an authentic backside
NASDAQ:APVOLong
by danzb2020
4
JD Support and Resistance- Potential Squeeze Oct 14Since curving down and bottoming at 71.76 NASDAQ:JD has moved back up along a similar curve. As long as this curve holds JD could push back above 79.27 resistance and with the right conditions it could jump from 80.70 to 85+. Something to consider on JD is the MACD reaching a buy signal and the last 5 days have been higher opens with a close lower than the open. If JD can't hold the curve and 77.30 support, price could test 75.53 support and continue to consolidate in that range for the near future.
NASDAQ:JD
by crawfordpaul
Expecting Bullish Price Action on CRM- CRM appears ready to break upwards out of a Bollinger Band squeeze . The same bullish price action occurred when it reported Q2 earnings in late August. - The Commodity Channel Index , a measure of the current price level relative to the 20-day average price level, has moved above +200. This indicating a strong uptrend is beginning. - A bullish MACD crossover is also about to occur, signalling a shift in momentum to the upside. - The RSI indicates CRM is not yet overbought (RSI<70). - Furthermore, the stock is trading above its 20, 50, and 200 moving averages .
NYSE:CRMLong
by otis_bagshots
USDJPY LongUSDJPY L Trade Ideas ALOHA Traders! The market is showing some nice setups to end the month of SEP brining in some nice momentum going into OCT and beyond. Here is one of my ideas of what I’m thinking price can do. 1. USDJPY L (not in this position) D - After a double bottom on the lower trend line of a range, price spiked up and has room to breath. A long term hold for the bull-run to the upside could take months (the market does not move perfectly). 4HR - Bullish momentum and broken above 50 EMA, now price is just correcting before continuing upward. 1 HR - A correction occurring at the top of a Rising Wedge. Price is at a key area where price can squeeze to the upside, or reverse into the downside to near 104.00 15Min - Similar to 1HR note. Squeezing and will move soon. As always, price can absolutely do some crazy, whip shaw shenanigans and nothing is ever a guarantee in the market until it actually happens. SL set at 36 pips. Target: top of range @ 106 level.
Long
by Reid_Hicks
SQUEEZED SELLERS - THE TRADE OF THE DAY - GC - 15MNThe easiest trade to take today on the Gold Future - GC. After a long drop during Asian session and European one, the American session wakes up involving huge volumes with initially a strong acceleration of the drop in price to later trace the perfect signal of a possible very profitable long entry. As the sellers has been squeezed, it is later on the buyers who have been squeezed, showing the perfect signal for an exit point. A long trade but still a day trade. The trade of the day!
COMEX:GC1!
by Diallo_Charts_Ideas
2