Options360

Options360

Carvana, CVNA bounced off it's 6 month trend-line exactly to the T today at 2:15pm for $213.28. Despite the volatile market and current events, CVNA predictably held it's long term rising value. Even with it's close of $222.70 this is still a great entry point because today's pullback closed lower $15. I wouldn't wait long to get long on CVNA if you missed...

Options360

AAPL has over corrected after the blow off top leading up to the 4 for 1 split on August 28th, peaking on September 2nd for a high of $138.54 ($554.16 pre-split adjusted). Since breaking below it's 6 month trend channel from September 16th till 9/28, AAPL is now back on track entering back into it's 6 month trend channel closing at $115 ($460 pre-split adjusted)...

Options360

SPCE - Positive news from Susquehanna & Bank of America analysts with a target of $20-$35 a share sent SPCE sky rocketing +25% today 9/28. I’m sharing my Virgin Galactic Holdings, supports & resistances chart that I already had saved for a few months now. A word of advice, from experience with SPCE, if you’re long shares get a protective Put or set a double digit...

Options360 Updated 

WKHS may have finished it’s huge weekly 30% correction today. It’s 1 hr MACD just crossed over for the first time in 4 days (@ 11:30am 9/24). It’s a bullish signal, but pay attention tomorrow if it crosses back over to bearish, then this afternoon was just a rest from dropping from a high of $31.35 (@ 8:30am 9/21) to a low of $20.36 (@9:41am 9/24). Another recent...

Options360 Updated 

Get ready for a transition into value over the next 2 weeks. The confirmation for this breakout is a close above the upper trend line of the double bottom (59.24), with above average volume (50ML). Regardless of the exact day to enter this week of 9/28, current entry point ($57.32 9/25 close) is fantastic with little historical risk on the down side below $60...

Options360 Updated 

NKLA bearish (inverted) cup and handle pattern. Look for a close below the the lower trendline drawn across the handle with above average volume (50M). Unfortunately for GM & long share holders, NKLA warrants give the holder a right to buy Nikola for $11.50 a share. Not to mention all the terribly negative news over the past 2 weeks. I'm not going to re-hash it...

Options360

Bullish for near term on Cassava Sciences. What can I say, SAVA went through the roof the past 2 weeks. News on big insider purchases by it's chief financial officer & chief executive officer and positive data on it's Alzheimer's drug has nearly quadrupled it's share price in 10 trading days. From a share price of $3.32 close on Friday 9/11, to a high of $12.34...

Options360

Get ready for a transition into value over the next 2 weeks. The confirmation for this pattern is a close above the upper descending trendline on above average daily volume (10M). Regardless of the exact day to enter this week 9/28, current entry point ($57.32 9/25 close) is fantastic with little historical risk on the down side below $60 anyhow. Once this bullish...