Theoretical trade on BAC. Potential bounce on trendline. Looking at $27 BAC July 17 calls for $0.60. Note the two potential zones for profit taking and two potential stop loss zones. Obviously no idea what I'm doing, but wanted to publish for my own personal accountability.
Be careful of trendline breaking as we test it.
Theoretical trade idea.
Looking to buy $140 JNJ 6/26/20 put. See chart for an estimated line of break-even (purple, first time trying this). Note that entry would be at the start of the line for ~$0.52 a contract. Looking to take profit in the green oval area. Publishing this idea for the sake of learning (Since I doubt my order will get filled).
Going into the week of 6/15, it looks important that we go below the orange uptrend support line (2981) by ~11 on Monday. Otherwise, I could see a bounce back up to the 3010-3030 level or so.
Beyond Meat - a volatile stock that can quickly move one way or the other based on public sentiment or news. A stock like this typically trades very well based on technicals in periods where news or sentiment changes are not prevalent.
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ROSG has found resistance at the $4.00 mark multiple times in recent days. With a combination of consolidation and the narrowing of support -- ROSG is poised to make a breakout to either the upside or downside. Based on a support from $3.88 to $3.92 and an upside potential of ~$4.20, there is a larger upside than downside. Additionally this company has 2 new...
