Breakout and retrace to top of penant complete, optimum time point for options
Note the bullish divergence. Is on an uptrend since relatively recently. Volatile stock
In its trend channel, it's got loads of room
Once the SMAs cross over, to reduce drawdown, i will be reducing long exposure and join back in on next dip. All hourly charts showing bearish divergence, so it seems the ratio of sellers to buyers is going up.
Helping to keep a trder in action and afloat, who is stuck in long term bull trades but found themselves in a sell off. Hedging bets against fundamentally flawed or unsound companies is how pros do it. Not financial advice.
As you know, I was looking at the market yesterday after taking profits on the swing up, contemplating whether a short hedge was right. SPX/S&P500 and US100 (Nasdaq) aren't feasible for short/put options, but as a hedge, look to Europe. Europe are full of cyclical stocks and their banking sector is particularly weak. Purely as a hedge against remaining long...
As can be seen, with the price where it is, resistance can be expected. We will see substantial profit taking here. This goes hand in hand with the narrative of the contested election. Through my eyes, now is time for profit taking and watching closely for the potential for another swing trade. Note: The other two pull backs were multi week, so I'd caution...
Easily identifiable trend. By the end of the year, I'm expecting price between $650-$820 per share. Perhaps people want to take shorter term options than this to capitalize on the latest market, but for tolerance, I think this is a more sensible to look 2 months ahead. options spreads around these levels can produce excellent potential gains as long as the trend...
With Earning in December, much of the movement/volatility to happen around then.
High risk day trade. Waiting for the train to come in (3440). I believe there'll be a good chance for the market to readjust it's ideas, as Cramer keeps telling people that the market is pricing in a clear electorate decision. From 3400, I think there is a good chance for reversion to the mean or some what of a retracement. This wave up, I've identified 3371...
let's go people! Timing is everything!
Please read comments on chart. Not financial advice. Just speculation
Tough times, tough measures Not financial advice
Greek airline for a hedge idea. Is in a heavy down trend. Not financial advice Shorting is risky, particularly with the occasional talk of take over bids. Option puts protect against upside risk Not financial advice