$PTON is possibly setting up for some nice trades next week. A few levels to look at above and below. Trying to break out of this falling wedge, notice the strong volume at close yesterday and it's sitting right on top of the upper TL. However, VPOC (purple line) is right above and if you look left you can see all the Chop (Market Disequilibrium) and is...
Missed the initial move yesterday, but I think it still has legs to hit $10 as long as the volume is there. Option premiums are expensive so shares are the way to go. Low Volume node from $7-$10 and would like the price to base around $7.8 and push higher. First supply and resistance is around $8.5-$9.00. Through this and $10 is doable. A 25% move if it hits...
I have been accumulating shares of VIAC around $38, $39 and $40. It is currently trading above POC on the Daily, 4hr, 1hr etc. It still has some work to do before we could see a huge upside push. One price gets over $48, it could move upwards easily. You can see there has been a lot of accumulation in this $37 - $41 range. Long on VIAC. The fundamentals of...
UPS touched ATH the other week at $220 and has since then drifted down to, currently, $211. Looks like maybe a falling wedge is shaping up and might push back up to ATH...possibly. However, looking at the Volume Profile, there is extremely Low Volume underneath $210 on the daily. If price were to drop below this area, you could see a significant drop into the...
Closing in on trading around the VPOC. Resistance at $30. Would love to see a break and retest for a healthy reversal. If not, expect a move back down towards support and an Inverse H&S to form. Depending on what happens at $30 we might see a reversal.
VISL bounced off support at $2.02 and is currently sitting at the .236 fib. I am long term bullish and have been loading calls into my LEAPS account this past week. I would like to see VISL break the .236 and hit the .382 ($2. 40 ) next week. You should expect to see OCT 15 $2.5 calls to be worth about $.70 - $.75 and OCT 15 $5 calls to be worth $.35 if this happens.
Bitcoin taking a breather here and trying to reverse back upward. There is still a possibility for BTC to correct itself all the way down to $40,000 and find support on the 200EMA. Currently, BTC just bounced above this Demand/Psych zone at $50,000. This could possibly be due to previous buy orders finally getting filled from earlier but it does not mean BTC is...
Paypal has been tearing it up the past few weeks since it bottomed at $223 and $228 began its uptrend. Weekly calls have been paying out well and have had good OI and Volume. We are sitting right at resistance here at $277-$278 looking for a break and hold these levels to push up higher. I am hoping the COIN IPO will add fuel to the fire here and give PYPL that...
Here you can see a triple bottom on the PLTR 30min chart. It looks like it broke the trend line earlier and is now in a sideways consolidation. PLTR needs to break resistance at $24.5 in order to take the next leg up to $27.
