FriscoTrades

FriscoTrades Updated 

NIO continues to hold the wedge formation. Looking for a break out above or below in the next few weeks. Last weeks' candle looks similar to mid May where we saw a run from $34 to $55 . My bias is to the upside - first target AVWAP $45.6

FriscoTrades Updated 

Disney appears to be forming a rounded bottom implying a move to the upside - PT $200 by mid to late OCT. Williams %R and MACD showing bullish confluence. Call flow hot with a buyer watching for a break above the AVWAP at $181.8. Like the idea of the 10/15 $195C and 180/175p credit spreads.

FriscoTrades Updated 

Technicals : Respecting Anchored VWAP at $230 and also 21MA & volume shelf as support. Trading the bottom of upward channel with historic strong bounces (black arrows). Also uptick in RSI and bullish trend in OBV indicator. The above indicates a move up, however a break below we could see 218.12 or the 50MA as next line of support Fundamentals: Visa’s...

FriscoTrades

Short attack or legitimate fraud ? We've seen these claims before go both ways , High Risk High Reward here IMO . Entered credit spread 45/40P for 10/15 given the buyers stepped in at the 200MA very strongly. Wouldn't be surprised if this was trading back in the 100s or 20s by next week :) 99% of gaps get filled, just a matter of when ...

FriscoTrades

This coming week or early September... she ready ready

FriscoTrades

Long the 10/15 $55 calls. Exxon respecting the AVWAP from recent lows and 200MA. MACD looks ready to cross. Barring any market weakness from FED meetings, she looks ready for a move up.

FriscoTrades Updated 

$PENN is forming a triple bottom and showing signs of a bullish reversal soon. Entered OCT calls. A break below volume shelf invalidates trade. High reward low risk in my opinion.

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Removing some indicators to eliminate some noise. Break out of channel invalidates trade, looking for a move to middle of channel Entered 10/15 240 Call and 230/225P bull credit spread

FriscoTrades

$UBER at the bottom of the channel with MACD ready to cross, RSI curl, and bullish flow yesterday. Went long with the $47.5 11/19 Call Courtesy of @jpgonzalez93

FriscoTrades Updated 

Technically DKNG needs to break volume shelf to see a significant move to the upside, otherwise it may retest 51-48 zone. However given the push through the AVWAP (purple line) from the highs and a close above 200MA (black line), a move to the upside is more likely IMO. Also appears to be completing phase D Wyckoff Accumulation. Rejection of the 200MA or a...

FriscoTrades

Went long 100 shares $14.3 first target $18.5 with continuation to AVWAP at $23.3 Just an idea a breakout below the wedge invalidates idea.. Breakout above it's time to get high : P

FriscoTrades

Just noticed the bullish divergence in the OBV indicator and went long calls and a few hundred shares at 2.7 With Crypto going on another bull run , stock appears to be completing phase C wyckoff accumulation . Expecting a move up soon. Just an idea not advice, but with how long this has been basing I prefer shares over options to avoid any theta burn

FriscoTrades Updated 

An eye on CL! light crude oil - Bottom of channel and volume shelf. Aroon and Williams indicator showing signs of a reversal as well. Trading the XOM October Calls. Break of Channel could imply move down to the 200 MA

FriscoTrades Updated 

One of the many things I need to work on is PAYTIENCE... waiting for a good set up and instead end up over trading (usually for a loss). TSM great example here - resting on 200MA as support ? Possibly. Recently rejected at anchored VWAP could imply a further move down. Middle of channel. Also bottom of wedge... etc Point is, right now no clear indication of...

FriscoTrades Updated 

Opened a 55C 10/15 3.07 and looking for a move to at least top of the channel. Bottom of channel AND volume shelf. BULLISH divergence in CMF and A/D indicators signaling a future move up. Equity levels signaling strong support at $54.58, break below this shelf invalidates the trade.

FriscoTrades Updated 

Starting a position in WISH as it appears to be entering Phase C of Wyckoff accumulation schematic. Expecting a dip to raid stop losses and then spring to resistance levels Name also is gaining "meme" strength and good chance this rips past any technical pattern or chart predictions :)

FriscoTrades Updated 

Liking the technicals here with the 8MA and MACD crossing. Breakout of Volume POC bullish signs. Earnings soon which could send it or cause a nice dip before the rip. #Bullish

FriscoTrades Updated 

Tesla seems to have broken out of downward channel and has found support at anchored VWAP. Two short term trade ideas depending on next coming days price action : Bullish case : Break out of volume shelf at 722 , go long with 740 target. Bearish case : More likely IMO given MACD and OBV looking for a retest of the channel. Break below VWAP of 692 go in...