With yields surging, its unlikely we can break out of the bearish neckline from the head and shoulders formation. With FOMC and march opex looming, this is a good opportunity for the bears to return and send us down to the gap fill. Once that is done, this can signal the end of the correction phase and start of a bullish return to a summer run.
Long. I bought my initial 100 shares at the first gap fill that I have charted. I will scale in 50 shares at each support level with powder for 200 share buy and leaps if we ever do the bear scenario. That pivot is strong and paypal is (imo) the best fintech out there. Follow the trends and stay safe.
Pypl will quickly dip below 200ma before making a strong summer recovery. Get ready.
2018 has similar pattern to 2021 correction. I expect the gap down will be filled in the coming weeks (276-280 Biden gap), then what? Well - a stellar rally is on the cards off optimism and new valuations but sell in May and go away still holds. May is usually an awful month for equities. Let's see what happens.
Buy put spreads for April on this name. I think 180/165 put debit 4/19 would do well. XBI is under a lot of pressure, this company has nothing fresh right now, massive head and shoulders. Get it back in that safe channel
Simple. Diamond top. Rubbish semiconductor name. This will flush hard and fast. Positions: 62/64 call credit 3/19 59.5/55 put debit 3/19 75x each spread. Let's print max profit.
AMD long to 100. Scenario 1 (red) - dead cat. AMD goes to test the flag bottom trend line and burst out on catalyst (e.g. new product release and updated guidance on demand). Scenario 2 (green) - AMD continues but fails to breakout of flag structure while we wait for a catalyst (such as we saw with $NVDA). This involves AMD hammer on daily bouncing on decent...
GE is breaking out of solid resistance, get in this reversal name. New leadership under Culp, new vision, free cash flow improving, this will be 20 dollars in 2022 so get in while you still can go long.
Large head and shoulders, broke down out of ascending wedge. There may be better solar names to go long on. Enphase being the obvious one.
32 long entry. Swinging to 40. USPS contract news imminent. Does not need the whole contract for this to be a bagger.
CCL could break out here to 26 and fill the gap that it failed to fill earlier in 2020. However, it clearly rejected the gap fill on Friday. Time will tell what happens here. If we don't see a breakout next week this is a short to support.
NEE Next Era Recently did a split, so cheaper to get in. 4% yield, great mix of growth and dividend, and is a utility so even if we double dip into recession utilities should stay strong in the years to come. First target @86
Sold the 150c 1/21 bought yesterday for 120%. Sold puts to finance, double free! So, what next? Idea is we retest the green support, before flying to ATH and beyond. Beautiful cup and handle setup.
Beautiful channel here. Multiple tests of the upper trend line which is strong. Tailwinds of upcoming Apple iPhone sales reports. 5g is doing very well for them, who knows, maybe we get a potential buyout in future! LONG!
Short swing to 214 target Failed breakout
Long swing through February, pick up 40c 2/21 for some profit. Good trend line, drop from lack of guidance back into the channel.