FriscoTrades

FriscoTrades Updated 

Bulls need to step in soon. ARKG recent 100MA death cross the 200, 2nd retest of downward channel and 200MA fall . Not looking good and 72 first target. If bears lose control, we see a breakout of the channel back up to 93 resistance levels. Really nice volume shelf support at 83... this needs to hold. Opened an 85/90 debit spread for 9/17 to be closed if...

FriscoTrades Updated 

Went long 9/17 $75c with Citigroup breaking out text book Wyckoff Accumulation phase. Target is previous AH. Expecting consolidation along the way . Stop below anchored VWAP $70.4

FriscoTrades Updated 

Great example of accumulation. Notice the bullish divergence between price and the accumulation/distribution indicator. This was the give away. Looking for some healthy consolidation and then continuation to next leg up $50K Wyckoff still got it :) From crypto to bushels of wheat ....

FriscoTrades Updated 

Heavy resistance at $50 , but looking at the weekly MACD and using an anchored VWAP pinch, she looks ready for a move. Once $50 is cleared it's blue skies. High reward low risk in my opinion.. just an idea :)

FriscoTrades Updated 

NIO just reported great earnings - EPS beat , REV beat, REV growth beat, and Deliveries beat , vs. Analyst estimates. Q3 outlook also looks good. Technically looking at the weekly chart, NIO appears to be respecting the 50MA as support and decreasing volume implies a larger move imminent to push out of the "wedge" or flag formation. Given the fundamentals I'm...

FriscoTrades

I saw EGHT 11/19 $20 PUT sweepers and they caught my eye as I've honestly never even heard of this stock. Great time for me to learn. After checking the chart, it appears to be a nice short set up so I followed the sweeps : -Bearish death cross -Bearish MFI and RSI/Williams -DEC 20 unfilled gap below -Huge volume gap , can easily "fall off a cliff" -Rejected...

FriscoTrades Updated 

Good example from FCX of recent rejection of volume shelf. Looking for a retest. Needs volume to push to $41 zone again. Rejection at the shelf again I'll be going for a short to $35 or lower.

FriscoTrades

Starting a position here looking for a break out

FriscoTrades

A bit biased as I hold a few Call positions , but I see FSR breaking out of key resistance of $15 ~ $15.5 before meeting next key resistance level of around $18.~$18.3. I then see the few scenarios being 1) Super bullish (and wishful thinking by me a call holder) - Breaks $18 with volume, next $20+ I only see this possible due to RSI / MFI levels not yet over...