Amazon Harmonic - Daily & Hourly Bearish BatThere isn't much more to say other than that if the 0.886 retracement holds on both the hourly and daily timeframes into Tuesday's morning session, this Bearish Bat harmonic could end up confirming an enormous reversal that has been nearly a year in the making.
I remember reading that some dude had a 2M put position going into Amazon's 2020 Q2 earnings report... despite the fact that this was the first blow-out earnings beat (10 times street expectations top and bottom!) the put position wouldn't have bankrupted him in a day. I know this because I speculated with reasonable calls into that ER, thought I had won the lottery, only to watch this thing selloff like hotcakes on the open.
Point is that Amazon runs like hell both randomly and seldomly. Thus, the odds of it making all-time highs is actually much slimmer than one would believe - especially if they were to also look at the volatility that is implied by last week's options. Sometimes black-box financial engineering methods employed by machines lack the human intuition to know when a financial asset is ready to turn. The implied volatility assumed into Amazon's near-term contracrs is one such example that can be exploited for an easy volatility flip on the first break of harmonic support.
That, or you could try for the almighty dime-bagger that this harmonic structure implies in the mid-term, the likes of which would produce some of the most expensive same-week options that have ever been printed.
-AmazonianSwine
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Techshort
When to get back into NIO INC?Tech shares are descending heaviliy these days. Actually its a usual correction and consider that as normal. This idea is about NIO/INC what i think on the long term will be much higher in price in the near future. NIO set foot on the ground in Norway already. Making their preperations for getting ready for the European market. Its exciting to watch these developments. But the future for NIO seems hopefull to me. Thats why i'm still bullish on NIO.
Some people probably boutght NIO at a higher point then it is right now. But what is an interesting entry point to get back to NIO? Based on previous price action NIO could be interesting around the $ 26-29 zone. So just let the charts do their work and keep the pace up when you feel to.... It's just a simple idea actually... nothing complex about it.
AAPL Sometimes Falls Far From TreeWhoever invented the phrase "the apple doesn't fall far from the tree" should probably sell their AAPL stock immediately.
If you have been following AAPL lately, you will know what I'm talking about when I say that the chart has gotten (Larry David voice) pretty, pretty... horrendous.
Two daily down gaps have pretty much disassociated the stock's current price action from its last 10 years. It would make more sense coming off of a split, but it doesn't. And that is what strikes me as something to potentially exploit.
In order to exploit it properly, I was required to project out a detailed map that served as an excellent guide for a short play, as well as, visual proof that the phrase above is unequivocally, mathematically, incorrect.
Soccer moms - no more using this phrase passive-aggressively to describe one of your kids' friends' dads who occassionally brings a joint to the games. It's enough already. Plus, it is incorrect.
Non-soccer moms + All Other People - feel free to use the projected path as you please.
-ApplePigging
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