FriscoTrades

FriscoTrades

@avi417 Per your request, Avid looks like it wants to fill the gap it left from the beginning of AUG. No trade for me here, but a break out of the resistance level $31 would have my interest with the volume pocket above. similar to June's price action, would want to see some consolidation then a strong break of $31 to imply a move up to $36 and close the gap....

FriscoTrades

Holding good support at Demand zone with a nice green candle today. Run up to earnings and historically they beat. I think this runs to first target AVWAP and volume shelf $360 zone. Watching for a close confirmation above 21 EMA before entering. For an option trade with less risk, an idea would be to sell the .34 Delta 12/17 300P and buy the 295P (or...

FriscoTrades

Penn on the weekly pretty bullish set up from a technical perspective for a swing trade going into EOY. Nice base forming with a weekly close at the 21EMA, however strong resistance zone $84-86 . Want to see a break of this, followed by possible retest similar to DEC 20 price action before continuing to the upside. Failed break of resistance zone invalidates...

FriscoTrades

ATVI weekly presenting an idea for a swing trade. Appears to be a reversal here at good support and going into holiday bullish seasonality. Look for at least a move up to $84 and if that line of supply and resistance breaks, volume pocket - $90 comes quick. Stop loss $72 with a move up to $84 good R/R idea for this swing IMO

FriscoTrades

Weekly cup and handle on HUT , potential MACD cross on daily and nice volume. Bullish hammer candle closing last week. Watch for a move towards $11 this week, $8.75 trailing stop

FriscoTrades

Nice set up on weekly (cup and handle) Daily looks like some more upside into coming weeks. Nice bounce off EMA cloud and bullish hammer candle entering volume gap. @avi417 Nice find !

FriscoTrades

NTR Nutrien Ltd. box breakout. Blue skies it's time to buy I like this idea, because it already broke out then retested , followed by strong confirmation today. $64 stop less set. NOV / DEC 70C also as an idea.

FriscoTrades

Breakout here.. Possible squeeze to 4430 before it gets interesting. PLAN : Anticipate a move to 4430 then close out longs. Wait for break of 4470 to reenter. If rejection occurs go short. A direct move down to 4330 , close out longs and go short if this level breaks.

FriscoTrades Updated 

Beautiful bullish reversal at channel support. Looking for price to ascend the channel

FriscoTrades

Posted weekly chart for clearer long term view, but Pfizer bounced nicely off 21EMA / Trend line support and supply zone so far. Want to see follow through and a reversal now with higher lows to confirm further move to the upside. Last add to 10/15 calls

FriscoTrades Updated 

@xbullbear not sure what you're trading (shares, spreads, naked options, etc.) but from a technical perspective CHPT is at a good demand zone/support, however trend is not signaling up yet. If I was looking long, I'd wait for a break out of the wedge (dashed line) first, and the 21EMA with confirmation similar to May's price action. An alarm set at $22 would...

FriscoTrades

I like the idea of the 145/140P credit spread here. $1.45 credit for the 11/19 opex 30-45 days or more until expiration would capture the most premium vs. theta decay (sweet spot per Tasty Trades). You could go long naked : ) higher risk idea . I don't have conviction on how high and quickly Nike will rebound so I like the spread trade idea here

FriscoTrades Updated 

Ford looks like a good long idea with a break out and today confirmation. Call sweepers and blocks pretty active this and last week - OCT and NOV opex Long 10/15 14C Cheers !

FriscoTrades

See where she closes, but as of now, AMD has broken out of the descending triangle indicating bullish sentiment and more upside this week potentially. I'm long 10/15 calls , weekly 110C for a higher risk/reward idea

FriscoTrades

Played a lotto Friday for a small loss. I think we see a move this week to the upside with FUBO at a good support level here. Check the bullish divergence on the MF indicator....

FriscoTrades

Should be an exciting week for Snapchat with blue sky breakout and ATHs last Friday. 100 PT magnet. I think it gets there, just a matter of when. I'm long 10/15 85C letting these profits run. Highly recommend the book by Nicolas Darvas who made $2M trading stocks just by buying box breakout stocks or "Darvas Box Strategy". We may see a retest of the box...

FriscoTrades

Activision weekly candle looks like a bullish hammer indicating a reversal in the coming weeks to the upside. The intermediate trend is still up (dashed line) and the option flow was on the bullish side ($2.7M in premiums last week vs $530K on the put side). RSI indicating oversold. I like the OCT or NOV 85 call as an idea to trade the reversal, or 65P if...

FriscoTrades

XLY Consumer Discretionary SPDR ETF saw a buyer of the 12/17 187C for $2.5M in premium last week Top holdings are AMAZON and TESLA. I like both these stocks from a technical perspective and a "cheaper" trade would be to go long XLY :) (Higher premiums on AMZN and TSLA). From a technical perspective XLY has bullish Momo and a strong close above 21EMA. Looking...