ChaseMColvin

ChaseMColvin

Despite the market sell off today AMD held strong around the 106 support level. If the market holds up here and tech starts to come back to life, AMD can test 113, 118 next. Watch this one closely, every dip has been bought up rather quickly.

ChaseMColvin Updated 

Cryptocurrency rallied over the weekend, Coinbase announces earnings this week, and there was a lot of bullish flow and momentum going into close Friday. If COIN can break above resistance at 264, it can test 280, 300 next. I would keep this one on your weekly watchlist, it should have a great week.

ChaseMColvin

GAP FILLED AND TARGET REACHED!!! Closed my NVAX calls this morning and was up almost 300%, NVAX had a huge gap to fill after earnings sell off. From here if NVAX holds it can test 263, 280 next.

ChaseMColvin

ZM failed at 400 last week and back-tested 390, 380. If ZM holds at the 380 level, I wouldn't consider buying calls until it breaks 400-410. Around 390 it's best as a quick day trade, for now it is just in a range and an average trade. Once it gets a strong close around or at the 410 level, from there it could test 424, 440. IT IS IMPORTANT TO NOTE that on the...

ChaseMColvin

If AMD can't hold above $108, then I see it back-testing $106, from there that could be a good entry for calls. You could use $104 as your stop loss from $106 entry, although I see AMD getting bought up and not going any lower than 104-106, 104 would be the bottom if it broke down from the 106 level. A break below 104 could result in a back test to 100, then 95 if...

ChaseMColvin

If snow can stay above and hold 275 - it can test 290, 300 next. My first target is 290, if SNOW closes strong today and holds above at least 275-278.

ChaseMColvin

Last week I posted a chart on AMD, as it was breaking out of a descending triangle on the daily and looked ready to finally hit $100+ $100 was my initial target, but it had so much volume and momentum over the last few days call options have been paying nice. AMD hit $110 today and dropped to $108 going into close, I would watch AMD & buy calls if it breaks and...

ChaseMColvin

SQ had a beautiful breakout today post-earnings and almost hit $281, reaching a day high of $280.88 - then shortly after dropped 10 points prior to close. If you missed an entry in the 260's I wouldn't play calls on SQ right now until it breaks through ATH of 283. I am going to watch how it holds from this range and see if it can retest/break through 283 soon....

ChaseMColvin

AMD had a great earnings report, probably the best this week. It also broke out of an ascending triangle on the daily chart and has rode the trend-line up from the low 70's to the current price. $100 is my target for now, as it could go higher. Bullish MACD Momentum as well, AMD finally looks ready to break $100.

ChaseMColvin

Big market sell off going into FOMC tomorrow, QQQ looks weak and broke down from 362 - which means it can test 359 by tomorrow if it fails to reclaim and hold 362, from there it could back test 356 as well.

ChaseMColvin

Bullish on ZM, currently in calls - I think it is on the way to test 381, from there 390, which is my initial target. Above 390 ZM can retest 400 again.

ChaseMColvin

Crypto is rallying today - I am not much of a crypto connoisseur as I prefer trading mostly options and equities, but I do have money in Ethereum long-term, my favorite crypto. If ETH can break through resistance around $2413, then it can test $2550 next.

ChaseMColvin

I wouldn't play calls on SQ until it breaks above $270 again, which could happen very soon. Price action is pretty weak overall today, below 262 sq can back-test 258, 253. Above 270-273 SQ can retest ATH's around $280, still very bullish on this stock in the long run.

ChaseMColvin

Watch SNOW, I have an alert set this week for 275 calls if it breaks out of resistance, it can test 290-300 next.

ChaseMColvin

AMZN > 3,633 could run to 3,650, all dips were getting bought up quickly today. AMZN has been basing above 3600 today and looks ready to breakout again soon.

ChaseMColvin

If SQ can breakout through resistance at $260 then theres a chance it could run to the next resistance around $270 - $275. 07/23 SQ formed a hammer candle stick on the daily chart , which can often represent a bullish reversal signal. It didn't quite touch support at 223, and yesterday on 06/20 SQ blew right through resistance at $246, as well as the 50 EMA...

ChaseMColvin

Apes have assembled, GME to $210 by eow, if not next week - if it continues this uptrend from the wedge breakout. I don't own shares of GME I'm not that much of a goon, but I will buy options contracts on this bad boy and play the breakouts/reversals. WATCHING TO SEE IF AN EXPLOSIVE MOVE HAPPENS SOON, DON'T UNDERESTIMATE GAMESTONK.

ChaseMColvin

CLOV lookin just about as sexy as GME - I smell a smelly smell... that smells... smelly... Meme stonk rally incoming?