0PY trade ideas
$PAYC $260, Swiiiiftly
1. Older woman from Shark Tank, Barbara has the commercial for their payroll app.
2. They’re taking market share from Paychex & ADP (the 2 main payroll companies) quickly.
3. They report today at 5:00pm and I’m pretty sure the fact that AMZN now uses PAYC as their payroll platform possibly is not baked into the stock price.
PAYCOM Software $PAYC#PaycomSoftware is forming HeadandShoulders,bottom. $233.32 is the breakout resistance
Wave 5 short $PAYC At close on Friday I opened a short position based off Elliot wave count and RSI. at the least this will pull back to $200 but if there is overall selling in the market could make a new low around $160.
AccumulationLooks ripe for a retest of the kumo and a previous consolidation area as there's signs of accumulation.
Paycom Software, Inc. Announces Increased Stock Repurchase PlanPAYC: Paycom Software, Inc.
2020-03-12 17:14:00
Paycom Software, Inc. Announces Increased Stock Repurchase Plan
Swing PAYCName Paycom Software Inc
Symbol PAYC
Price to Activate @ the market
Stop Loss 7% Below the Price Bought
1st Target Not Listed Yet
2nd Target Not Listed Yet
Buy mid-term with PAYCMy strategy is to combine several techniques at once:
+ Price channel and trend line: help me identify the direction of the price,
+ Supply - demand: help me identify the reversal position,
+ Elliott wave: help me determine the cycle of price,
+ Candlestick pattern and price action: Help me correct the position to the order.
...
Time to short this pigIf you look at the detail, the stock hit resistance and is testing it again. If it fails I will open a short with a tight stop loss. The company has pretty good financials but is still over valued. The recent run up can easily come back down, similar to mid year the 2019.
For future referenceMight be retesting breakouts here on PAYC, last post was the three circles and it moved huge from there
Great short opportunityExpecting it to retest support about $260. Entered the trade with January Puts
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PAYCSystem T Performances: Annual Compound Profit 40%, Win Rate 55%, Risk/Reward Ratio 1:2, 20 Years of Backtesting Data, Over 100 Markets.
* Click Like and Follow to Support My Work!
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Hi Traders,
I'd like to introduce the System T, a computerized trading system that analyzed and backtested the 20 years history data of over 100 markets.
This post is my sharing of how I think about systematic trading and the signals generated by the System T.
(This is my opinion only, NOT the financial advice.)
I think that for the system to open a trade and manage risk, it only needs a buy signal & a stop-loss signal clearly on the chart.
Once the system finds a good trend, it will ride it as long as possible. The stop-loss will be adjusted accordingly to the new price movement.
(Remember to follow this trade idea and follow my profile to get updates about the stop-loss adjustment and sell signal based on the latest price and market conditions daily.)
System T performances above will give you an idea of how it performs in the last 20 years.
Notice that this result was achieved only if I strictly followed the rule: "Only and Always Buy & Sell based on the System Signals".
Don't sell when there is no sell signal as we all want to follow the good trends til the end like everything in life does. \(^-^)/
Also, my system is extremely diversified through over 100 markets so that it only risks less than -1% of the total capital per trade.
Thank you and good luck!
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DISCLAIMER:
I am NOT a financial advisor, and nothing I say is meant to be a recommendation to buy or sell any financial instrument.
My views are general in nature and I am not giving financial advice. You should not take my opinion as financial advice. This is my opinion only.
Do your own due diligence, and take 100% responsibility for your financial decisions.
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$PAYC Up +60 in a month Maybe short watchBig move on this if we get market weakness maybe look at a short
Possible breakout over 223223 break into gap fill or watch for rejection there, been building up nicely.
