Earnings watch 2/14 post-marketEarnings watch 2/14 post-market:
AAP
CAR
INLB
POWW
ANET
CLR
AMKR
PHX
ASYS
OTTR
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*3x lucky 7s of trading*
7pt Trading compass:
Price action, entry/exit
Volume average/direction
Trend, patterns, momentum
Newsworthy current events
Revenue
Earnings
Balance sheet
7 Common mistakes:
+5% portfolio trades, capital risk management
Beware of analyst's motives
Emotions & Opinions
FOMO : bad timing, the market is ruthless, be shrewd
Lack of planning & discipline
Forgetting restraint
Obdurate repetitive errors, no adaptation
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Trading View app!, Brokerage UI
Accurate indicators & settings
Wide screen monitor/s
Trading log (pencil & graph paper)
Big, organized desk
Reading books, playing chess
Sorted watch-list
Checkout my indicators:
Fibonacci VIP - volume
Fibonacci MA7 - price
pi RSI - trend momentum
TTC - trend channel
AlertiT - notification
tickerTracker - MFI Oscillator
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AAP trade ideas
AAP breaking out but can it hold?* Making new all-time-highs
* Expected to better in the coming year
* Beta of over 1
* Not much volume following the break or even before the break
* Has been consolidating since 2015 and recently broke out again from $201.24
* Good long term hold as it pays out dividends
* This did break the recent all-time-highs of $210.18 but not with a lot of volume
* It broke the previous all-time-highs of $201.24 but couldn't hold
Final thoughts:
Look for buying opportunities around the $205.60
OR
Wait and see how the price reacts to breaking $210.18
Bull Flag Earnings 6-2Earnings today after market closes.
Bull flag is getting a bit long for the pole at this point and hoping the candle formation today does not take this one down for another test. There is a pocket pivot but it is well below price right now so the closest support is the bottom trendline of the flag. If price slows down there could be support at the bottom of that green candle that the red candle is trying to devour right now )o:
I would imagine if this beats today, it could bust the pattern and break the upper trendline of flag with conviction. Or they could beat earnings and still go down. Anyway, Zack says it is a buy if that means anything. They have earning misses in their history including a miss on EPS last quarter. Risky.
Dark cloud cover today which can be ominous but not always. Dark cloud cover (DCC) is a 2 candle pattern with the 1st candle being a good sized green candle. The close is at the top of the green candle body. The top of the wick is the high that day and is the same for both red and green candles as well as the bottom shadow being the low for that period. The green candle is followed by a red candle that opens (top of red candle is the open) higher than the previous green candle close but the bulls are unable to hold on and the close (bottom of red candle) is down in to the body of the green candle. It is worse if the red candle totally swallows or engulfs the green candle )o: Right this second, price is down to the open on yesterday. Earnings if received well, can change a candle pattern and candles often affect price short term or not at all. Some candles are stronger than others as well.
I suppose it is not unusual for folks to sell when earnings are due to avoid the market reaction. Today seems to be a struggle day for some, and a good day for others.
It is risky to buy at earnings. I have risked it before on certain securities, but try to avoid FOMO (fear or missing out) It is tough to make decisions like a buy at earnings and no one can make it but me. I can only look at what is in front of me and use the common sense God gave me, but I have trouble finding it sometimes. Common sense is not my strong point. LOL Neither is patience, but being patient can be a gift in the markets for sure (o:
No recommendation.
When opportunity presents itself, it is often too late to prepare.
AAP Short William Alligator : the stock is currently in a bullish position because the candlesticks are above the Teeth, Lips and Jaw and the lines are “eating with an open mouth” this indicates that the stock is in a strong uptrend.
RSI : the line is above 70, so the stock is overbought.
Candlestick patterns : there are three white soldiers which are a bullish confirmation.
Overall : it can be interesting to take a sell position on this stock because the stock is currently overbought. Entry price is lower than the current price for assurance and stop loss is set at -5%.
ADVANCE AUTO PARTS Course DailyHey people, ADVANCE AUTO PARTS is in a bullish momentum with a turning point and large volume of buying traded. The TIMEFRAME M1 we see a turn with a high volume of purchases issued, it goes to the top of its zone balance to make a test of it. Strong breakout potential the price then at the same time breakout the zone to join in another. Then go to the high point in TIMEFRAME H1 and go to the top that comes up (See TIMEFRME H4) With a return to the last top of TIMEFRAME D1. By taking advantage of the momentum we can breakout again not enough force to test the intermediate median of ANDREWS PICHTFORK.
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$AAP with a neutral outlook projected$AAP is projected to have a neutral outlook after a Negative over reaction following its earnings as per the PEAD projection with the latter placing it in Drift C
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V Cup and Handle Earnings 11-10 BMOAAP fell from a rising wedge at 155ish but seems to have recovered
Possible T2 298.5 to 333
This pattern is only valid at or over LE (Long entry) level
Trading close to earnings is risky
I have always felt this is a healthy company that has been somewhat undervalued in comparison to it's peers
But I do know the market does not care what I think..lol
NV is low on daily but high on hourly..OBV is high
Short interest a bit higher than I thought it would be
Just an observation
Be safe