DannyJack

DannyJack

$GME creates a buy-back scheme to keep share price propped up, is not going to work. IMO It appears they are using the Simply Mac money to buy back shares in hopes to manage the price, instead of paying the normal dividend. To me, this is the nail in the coffin. In this 1hr chart, we see an indecision Doji at the open and then descending volume as SPY was...

DannyJack

Taking a look at OZK on the Daily chart, OZK closed just below pretty much all the support indicators. With that said have a look below there is a massive gap between 29.78 (S1) and 27.80 (S2). Then if that doesn't hold we have a shot at 25.64. To our advantage is ELF (the banking sector shown in orange) which is continuing to fall. So what's the play? IMO look...

DannyJack

In this daily chart IMO this supports bullish plays, in that we now have the 200 SMA providing additional support below slightly curling up to further upside potential. The light gray rectangle on this chart indicates consolidation is in play, which should allow for the RSI to cool off and allow bullish buyers continuation. To further substantiate this view a cup...

DannyJack

As we see in this daily chart, after a tightening Bollinger Band VTVT broke to the downside on the close of last week when the sector, and SPY was still providing strong tailwinds. That is what turned me bearish on this name as it moves into earnings on Feb 27. The setup shown on this daily chart makes it very clear. The 3 MAs; 5, 8, and 13 day are above as...

DannyJack

ROKU huge run up from its initial listing in September of 2017. ROKU only made slight profit posted in Feb last year (surprised analyst with 158.54%). The surprise didn't bring much love to the name until the $29.00 pivot. Strong weekly uptrend started back in December of 2018 remains intact so far. Previous weekly pivots where at 52.70 and 58.80 and ATH of...

DannyJack

First on my Bullish list for Tuesdays watch for me, OMED . I traded calls on this past Friday. Calls were cheap bought and sold 100 contracts for a quick $300 profit. Then I noticed a bit of chatter talking about swinging it that lead me to this for next week. Rationale: Massive volume spike out of the blue, stock has been consolidating since December, then broke...

DannyJack

Lots of hype and positive sentiment should move all MJ names to the upside into the following weeks, CRON is no exception. CRON is set to post earnings pre-market on Friday, 2/22/19. As of Monday, 2/18/19 according to the OPTIONS chain, speculators are more interested in the CALLS @ $23.00 strike price with volume at 1742 as open interest is at 1665. As of the...

DannyJack

Going out on a limb here, let me know what you think. I'm expecting to see a gap up in pre-market and continuation into the open. Especially since the price was pinned down at the previous close to burn the premium. Once we get past the initial 15 min algos going at it, I think retail will buy heavy sending the price upward through the remaining resistance levels...