ChaseMColvin

ChaseMColvin

A few days ago I posted the bilateral descending triangle pattern formed on NIO, it retested $38 and broke through resistance. I am very bullish and think it is about to run, looks great on the daily and 15 minute charts. I am currently in 06/18 $40 Calls as well as a 05/21 Call Debit Spread 40/45.

ChaseMColvin

On the 5 min chart Netflix broke the 55 ema, I am currently in one position for May 21st. Will add more today if NFLX breaks resistance at $514.

ChaseMColvin

NIO is forming a Descending Triangle, since it is a Bilateral Pattern price can breakout either way. If the price falls below $32 then I would advise being patient and waiting for the right buying opportunity if you are buying options. I would love to see it re-test and break the $38-$41 range, if it does then this could confirm an uptrend.

ChaseMColvin

Potential buying opp for BLNK; I am currently looking at getting into some May 21st $40 Calls, waiting for confirmation and will be more bullish once it crosses the 55 EMA (green line). Potential Targets are 46, 50, 52.

ChaseMColvin

Roughly 45 minutes ago I bought some April 30th and May 21st $50-$55 MARA calls. First target is 44, 47, then 51. I recommend selling when you're up and manage risks properly, don't wait for my target prices if you take a position.

ChaseMColvin

I posted yesterday that QS would look ugly if it fell below $40.5, retesting March lows and looking for a long entry soon.

ChaseMColvin

If QS falls below 40.5 it doesn't look too good, it may bounce and I'll look to enter a long position when the price falls to the March 30th lows.

ChaseMColvin

Tesla hit my target of $770-$790, much faster than I anticipated. I sold my contracts for over 100% this morning, likely dropping due to sell off, put flow, and bitcoin prices are dropping today as well.

ChaseMColvin

Bullish on Tesla long-term, with this double bottom pattern Tesla could soon hit the $770-$790 range within the next week or two.

ChaseMColvin

Keep an eye on twitter, I have been bullish since last week. I originally entered my positions April 6th after confirmation, and with the formation of a bullish continuation wedge pattern. I am holding my May $70-$80 calls until next week or even earlier when my target of $76.00 is reached, although it could end up going over $80.00+

ChaseMColvin Updated 

This is a textbook head & shoulders breakdown on Bidu, it is now attempting to reclaim the neckline but is hitting resistance.

ChaseMColvin

I am still very bullish on SQ, holding my may calls until my target of $278 is reached, could break through $280 and surpass AH.

ChaseMColvin

Looking at Silvergate Capital Corporation hourly chart it still is looking a little choppy, will be waiting for a slight retracement and then will go long if I am able to get filled at a good price. Looking at the daily, silvergate looks ready for take off.

ChaseMColvin

Watch PLTR ; lots of call flow and volume coming in today, as well as this cup and & handle pattern. I'm currently in Jan 2022 Leaps but I am looking to buy some more contracts with closer expiration date so I can get more volatility.

ChaseMColvin

Bullish Pennant on $CHPT, watch out for breakout soon.

ChaseMColvin

On April 1st, I initially posted a falling wedge chart pattern on PTON and said to keep an eye on it as it was trying to reverse off the 100 ema. I got in my position a tad bit too early and was down on my position a for a few days, I had bought 3x Apr 16 $125 Calls @ ($1.32 ea) Today I sold my 3x Apr 16th $125 calls @ ($4.09 ea)

ChaseMColvin

Square is on track to break its 52 week high, within the last 30 days a symmetrical continuation ( bullish ) triangle was formed. I think it'll surpass $280 and end up in the $290-$310 range within the next 2-3 weeks. I'm going to continue holding my May 21st 460 calls and swing through next week.

ChaseMColvin

Snap is still looking to run and I am bullish, it broke the 58-60 Supply Zone and closed above $60.05. I sold a few positions I bought before market closed yesterday to lock in some profits. I plan on swinging and holding the rest until my target of $63.00 is reached.