FriscoTrades

FriscoTrades Updated 

ASIX with a close above the resistance line at $50.5 zone and support at 30day MA , leads me to believe we turn higher after cooling off from the 33-57 leg Oscillators are turning with good volume and relative strength in a weaker tape market. In the resin / fertilizer basic materials space, LWLG another name also with a bullish chart IMO. Keeping this one...

FriscoTrades Updated 

A lot of people calling for another big flush 4200 etc and while this is possible, to me ES looks like a textbook bull flag. Although we probably don't get a clean breakout with the recent trading being extremely choppy and tricky, full of traps, I think so long as 4485 holds bulls have the ball to more upside. With a flag breakout brings 4575 and then...

FriscoTrades

I followed a whale trade of 554 NOV 160 calls, already up 30% but I think there's plenty more for PWR to run with no overhead supply at all time highs. Blue skies gotta buy The whale is in the trade as of today and I can see 150/160 PT especially by NOV with this relative strength and MACD She might need to take a breather but the recent volume upticks I will...

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"Own Tennis Balls Not Eggs" Nice bounce back after -10% a week as sellers rejected another breakout attempt. However buyers defended the 10wkMA with a nice bounce and closing just at the resistance zone. Keep on watch for a blue sky breakout, I think we get one soon based on the tight range and good buy volume (black arrows). Will remain bullish so long as...

FriscoTrades

Broke out of recent resistance line, even retested and now looking for a close above implying more room to upside. First PT 135. Long spreads, as the premium is pretty high on options and keeping risk tight with recent market Stop at -50% premium paid

FriscoTrades

Nice technical set up and bullish PUT sweeps at the bid to support, interesting one trader opened 12/16 22.5 puts for about 310K in premium.... stock is trading at 21.95 implying strong upside move . For the more conservative, can wait for pennant / triangle breakout to go long / short, depending on direction. My bias is to the upside and am long here with a...

FriscoTrades

Newmont corp absolute ripper breaking above '87 highs Blue skies , all time highs gotta buy Flow supports, like the 4/29 87 calls that swept or you can buy more time (never a bad idea) with 90 being the first price target , I also opened a JUN 85/90 spread for about 1.8 Will definitely hold the JUN , will play the shorter OPEX day by day, hopefully take...

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Nice breakout here on Turkey ETF TUR and close above 30week MA I'm long shares Technically looks like Wyckoff accumulation pattern with "Spring" action in DEC and now entering phase D Expect a little LPS pullback , but I remain bullish above 20 zone. First target 24 zone, implies 30 , and a possible break there , well it's been resistance since JUL 18 so...

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Getting Long TMUS full position in JUN calls after selling this weeks' calls for +50% Nice breakout here and VP gap leads me to believe she goes higher, I just wanted more time. I like the JUN OI as well. First PT is $140

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BROS full position long now with stop just below black line . Breakout Trading Cheers

FriscoTrades

Marvell Tech Bull case : Wyckoff accumulation pattern with 78 resistance , expect some digestion there and then it's on Phase E where I see 90 and first price target in coming months (green arrow) Bear case : rejected at 78 and "double top" , it's at least back down to test rounded base at 70 zone, break there and it's back to 60 support... Today's flow was...

FriscoTrades

I'm long WOOF calls . As a frenchie owner (his name is Frisco hence my trading name), I know the amount of $ people are willing to spend on their pets. But also technically speaking, WOOF is coming out of a nice rounded bases and breaking out today. With that huge gap above needed to be filled, this looks like a good R/R long trade, aiming for $24. Don't be...

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Kroger recently came out of a cup and handle with a Power Earnings Gap (PEG) and has been digesting ever since, holding most gains and creating a nice VCP / Bullpennant like formation. Today, there were about $117M in dark pools at $57, and giving the timing and price action my bias is to the buy side. An idea would be to go long shares or calls with time. I'm...

FriscoTrades

If Quantumscape can close above $18, technically speaking in the short term it has broken the down trend and is now trending up. I also like like the huge VP void above, implying a potential 23% move . Really good R/R here IMO, I'm long. A trade idea would be just hold shares, or buy some time with May 20 and 25 calls. (I'm in both). A close below $18...

FriscoTrades Updated 

GME being classic GME and up over +25% , if you're in this trade congrats. I traded some calls for nice gains but sold most. For those still in this trade here are the near term levels of resistance / pivot points I'd be watching for profit taking and re entry Happy Trading

FriscoTrades

The following is a short term trend analysis for ETH Ethereum as described in Trader Vic's "Methods of a Wall Street Master" As of today, ETH has been able to establish higher lows and breakout of the triangle consolidation that began since FEB. In order to establish the uptrend and break free from DEC started downtrend, ETH needs to close above 3400 zone, as...

FriscoTrades

Ethereum trend analysis, notes on chart but as you can see, not in confirmed ST uptrend just yet. However looks promising for bulls so far with nice Triangle breakout to the upside.

FriscoTrades

Sellers have been present in Amgen , keeping this stock under the 240 zone since FEB's pop. Lot of dark pool and call option flow showing bullish signs as the stock continues consolidating and eating away supply. I think the bulls win here, alarm it for $240 as a good long idea. I'm in a starter JAN 275c looking to add more positions upon breakout...