BluntForceOptions

BluntForceOptions

SLDB For those following Fib levels, SLDB’s surge from $2.41 in mid-May to over $7 has tracked cleanly through key zones. The stock hit resistance right at the 0.618 ($7.33), which also lines up with a prior breakdown area. Until we get news on potential accelerated approval, FDA meeting outcomes, or another catalyst, this may act as a short-term top. A healthy...

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AAPL has now broken below a well-defined symmetrical triangle structure, as well as the ~$208 S-1 support area I’ve highlighted. I’m watching the $194.91 zone (S-2), which served as a key support and pivot earlier this year. If price heads into that area, I’ll be looking for confirmation and stabilization before initiating a position. If the setup aligns, I plan...

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UNH is approaching a broad structural support region I’ve been tracking -- a wide zone from $239 down to $186, where (for me) the stock begins to offer compelling risk/reward and long-term value. Momentum, IMO, is still decisively lower, but we’re nearing levels where I start preparing. The midpoint of the “Buy Zone” near $213 reflects a potential average cost...

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CNC broke its multi-year trendline months ago, and the recent flush drove it straight into key support from the 2015–2017 range (~$27). Big structural break, but also a spot where longer-term buyers may start stepping in. As noted earlier, I began building a defined-risk long via 2026 LEAPS (Jun $55s, Sep $50s)... a slow-burn recovery setup targeting...

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Chart update: We tagged resistance at $4.44 (R-1) before pulling back and closing right at S-1 support ($3.82). After the strong multi-day run from the $2.50 zone, this kind of retracement is normal... even healthy. If we see further downside, I’m watching $3.25 (S-2), which lines up well with the reclaimed trendline that should now serve as support. Still...

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After months of consolidation at depressed levels, the setup finally resolved with conviction. The chart shows a clean break above long-standing trendline resistance (new support), after a bullish reversal off that $2.50 zone -- a level that’s now proven to be a meaningful pivot. July 11 marked the first close above $4 in quite some time, with above average volume...

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CAG has officially entered the Buy Zone I outlined in May ($21.12–$16.51), with today’s move pushing shares to the high $20 range. This marks the first time in over five years the stock has traded at these levels -- historically an area where buyers have stepped in. With the zone now in play, I’ve started initiating exposure via short puts and common...

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CAG Approaching the upper edge of the Buy Zone I mapped out on May 25 ($21.12–$16.51), with today's move down to $21.57 putting it right on deck. The chart remains structurally weak -- monthly candle still hugging the lower Bollinger Band, and the long-term trend hasn’t shifted. Plan hasn’t changed: I typically begin scaling in near the top of the zone and add...

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It’s been a strong week for longs. Cleared plenty of technical hurdles along the way: broke out of the descending triangle setup, reclaimed EMAs 50/100/200 on the way up -- exactly the type of clean sequence you want to see. Now testing that important R-1 resistance zone (early May rejection). A decisive push above $4.32 clears the way for further momentum. If...

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The stock's been in a steady downtrend since late 2024, and more recently formed a textbook descending triangle: sloping upper trendline (resistance), flat lower trendline (support). That support level gave way on May 30th with a decisive break lower. We saw a brief attempt to reclaim that support zone, but so far, the $3.81 area has flipped into resistance....

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Technical & Fundamental Update Stock continues to fail at the EMA 50 -- another rejection at overhead resistance keeps the downtrend intact. S-1 support at $1.18 is back in play, with S-2 at $0.88 marking the 52-week low. A sustained break of S-1 opens the door for a potential retest of that lower range. For those unfamiliar: the company announced it's...

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Just sharing a chart for those who care about technicals. Despite my bullish stance long-term, the setup here is worth noting. The stock has had a strong move off that $2.50 multi-bottom, but it’s now stalling close to the 50 EMA -- which also lines up with the upper trendline of a clear descending triangle. That descending triangle pattern, by nature, tends...

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GM, y'all. Not a flashy chart -- just laying out the key levels I’m tracking. Price is respecting the descending wedge, trading between clearly defined trendlines. My bias leans lower here. Watching that S-1 zone near $18.96 as the next potential support. If that fails, S-2 at the lower trendline could come into play. FWIW: Closed out my short puts with a solid...

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Still in a confirmed downtrend, IMO, with price action reflecting a mix of structural and macro headwinds. No interest in forcing a trade here -- but I’ve mapped out a "Buy Zone" between $21.12 and $16.51, where I’d look to scale into a long-term position. The chart remains decisively bearish, reinforcing the view that the path of least resistance is still...

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Consistent with my revised thesis and the elevated regulatory risk, I’ve outlined a downside range on the chart where I’d consider getting involved. The top of the zone is marked at $2.51 (April low), with the lower boundary at $1.81, the October 2023 low. Given the current backdrop, I’m not stepping in until price moves into this range and the broader setup...

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The chart just printed a clean double top near $4.34, with back-to-back rejections signaling a potential short-term reversal. If this pullback gains traction, here are the key support levels I’m watching: S1: $3.93 – prior resistance turned support (breakout zone) S2: $3.55 – strong pivot level from April consolidation S3: $3.12–$3.15 – intermediate structure...

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Chart update: KYTX broke above the neckline of the cup and handle pattern I flagged on Apr 24. I’ve updated the chart with short-term price targets at R-1: $2.52, R-2: $2.62, R-3: $2.71, and R-4: $2.91 -- which also aligns with the SMA 100, making that zone a key double resistance level. I’m particularly focused on the $2.71–$2.91 range, which looks well within...

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Respecting the EMA 50 wall here and keeping a close eye on key support levels as the setup continues to play out. Important observation: Price action has consistently failed at the EMA 50 resistance level -- a pattern that's played out multiple times now, including the most recent rejection. In the current skittish environment, no real reason to expect this time...