Watchlist CR at 6c Watch for tightening of price near 8.1 See if price can respect 21EMA from the upside 8.1 level seems to be key
Tesoro Corporation has been in a relatively bullish trend since 2016. On multiple occasions through this trend, three of the technical indicators discussed below are at similar or higher levels, than they are now. These instances have resulted in short-term losses for the stock. I have laid out the reasons and levels to which the stock may drop while it most...
Chart is self explanatory. Can anyone comment? It looks like it might trade sideways to earnings.
There are two ways to trade this. One is to short TSO to $73.40, and if the resistance holds, go long until $77.90. That's too risky. You can do that, but I'd rather play this as a straddle. Sell the $70 puts (1.25) and $80 calls (1.31) September calls. Max Profit: $256 per option.
If oil takes a significant dip overnight, I will be short MPC. I don't think there is any fundamental to support this stock to the upside anyways, so I am shorting calls. Plus I am not much of an options buyer unless to trying to hit a home run. The blue line represents options expiration day. These are 4h bars. Important to note that NOT all refiners are...
I've been waiting for this nearly two weak, two weeks ago I found out there was a gap at 82 area. Now, the is filled already, also, the chart looks a little lit exhausted to run up. The M top could be exited here. To be honest, I could be wrong. But, anyway 1st target 79.