Theta Thursday Triggers$NVDA 08/06 205c > 204.50
$TSLA 08/06 745c > 723
$W 08/06 310c > 256
$BABA 08/06 202.5c > 202.40
$SNOW 08/06 280c > 274.50
$FB 08/06 360c > 359.72
Best of Luck!
Wayfair
W - DailyW
Buyzone = 280 - 290
1st Target = 310
2nd Target = 325
3rd Target = 340
HODL Target = ATH
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This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice.
Good luck, happy trading and stay chill,
2degreez
Wayfair Long to End the Wild WeekW appears to be at low risk areas for a possible long as it finds itself at the lower range of a bullish ascending triangle pattern.
We of course want to play the breakout of this but in the meantime if the green trendline continues to hold, longs in this area could make for a good trade before the top of the triangle gets tested.
So far it is still holding.
The open of the new trading week on Monday will be telling. Keep an eye on the weekly of this to see if the opening candle of Wayfair next week opens above or below the trendline.
But as of now a long is not a bad idea with a stop loss at 299.16.
W - WAYFAIR DIAMOND TOP? 240-260s?All,
Don't get me wrong I love Wayfair, but I have to play both sides. I think this is forming a diamond top here and could crack out the bottom. However, it is a weekly cahrt It think it may bounce up one more time before cracking below. Let me know your thoughts. Diamond tops are tough.
Will update later.
SPY going below 413 could cause these stocks to drop further/faster than normal
$W - Interesting Double Head and Shoulders formationWayfair has been one of my most consistent profit gainers in Options. This is how I tackle it.
It continues to form Support at levels $315, $310, $305 and builds resistance at $330 (sometimes $335)
$W Weekly Potential cup and handle or big break-out?The conversion line crossover might not be a strong indicator in this case since the ichimoku cloud still shows big strength on the weekly movement as well as the lagging line showing bullish signs. I would love a break above that pink line and to hold, or a potential lower volume (as it currently appears to be the case) flag for a big move to the upside.
$W Daily breakout continuationLooking at another push this week higher for Wayfair, although I do expect this weekly formation to turn into a cup and handle before it breaks out even higher.
Short opportunity?Potential price drop: 25-30%
Reward/Risk:2-2.5
Timeframe: 1-3 months
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
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Stay tuned great live stream and quality content videos coming soon..!
Overstock: breakout and retest of IHSNASDAQ:OSTK had an breakout of an inverse head and shoulders pattern. If the line holds it's worth a long position. Long-term this is a long anyway.
Related tickers:
OTC:TZROP
OTC:OSTKO
Sunday Outlook 1/11-1/15 $MCD $V $MA $W $VMW $HD $PTONHere i take a look at some stocks I am watching for the coming week, i breakdown the current patterns i'm seeing on them and how i would play them moving forward.
Wayfair Bullish Falling WedgeIf price bounces off support line I will buy on the expectation it will easily hit target 1:$260... If it hits resistance here, sell and take profits however, if there is a strong breakout of resistance line we could see some really nice upside. I am watching closely over the next couple days and will consider buying call options if the right opportunity presents itself.
$W (Wayfair) Sell before it's too late! The valuation is dumb here, I am shorting this stock long term at these levels... COVID stocks will sell off into Jan-Feb....
Cabinets?! The real estate market has been benefiting from low mortgage rates, and companies like American Woodmark should succeed well after a vaccine is out. From a pure technical perspective, there are a few things that make AMWD’s chart an attractive set up. A MACD buy signal convergence is possibly forming, which I could possibly be confirmed, by the price action maintaining support on the 20-day MA on the Bollinger Bands. If we can maintain this, there is a chance AMWD can break out.
AMWD needs to break 98.44 for a chance at the 100’s. 98.44 as resistance seems to be confirmed based off the volume shelf. Next level is 105.35, with a possible upside of 116.24.
AMWD has built an uptrend like most companies have since March. However, companies involved in real estate/housing retail seem to have higher upside as opposed to other “stay at home” plays. I am purely looking at this from a technical perspective and I think AMWD has a better set up in those regards than it’s competitors such as – Wayfair ($W), Restorative Hardware ($RH), Fortune Brands (BHS), FirstService (FSV)
W AnalysisMACD and RSI curling up. Strong close and rejection of the trendline/support.
PTs: 260, 280
$W Wayfair At Buy Point - Earnings Upcoming$W Wayfair - Held support at the lower trendline today. High probability of a near term bounce from this level. Earnings upcoming early November.
Near term target - $300 (If/when it breaks through the upper trendline, we could see $325 quickly - obviously dependent on earnings reaction)
Note: This is NOT investment advice.
W a short, looks like Also, the McClellan O has been below 0 for a while now.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
Initiated short on WAlmost a pin bar here on 8 hour and daily chart and at the bottom of the channel. Could be very dangerous for the W which is over-extended with the e-commerce upswing.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
Wayfair 24 hour reviewRSI showing bearish divergence. Trend line is still intact. Closely watch this to see if the trend line will be broken soon.
Disclaimer, this is only for entertainment and education purposes and doesn't serve by any means as a buy or sell recommendation.
Personally I hold both long term long positions and occasionally short term short position, for disclosure purpose.
