I foresee some short-term dropping on BA the volume hasn't really been there during these recent run up days. I'm shorting until this down channel is compromised, or reaching my profit target @ $120. I plan to start purchasing LEAP's with 18 month expiration loading in around $120 when we have proof of bullish confirmation. TLDR: Short til $120 then go Long w/...
Watching AT&T for lower time frame trendline break to the upside. Then planning to ride it up to the $26 downtrend line. Have a confluence of RSI divergence, but MACD hasn't pushed into cloud on lower time frame (15M/1HR) to signify full trend reversal. Still watching, and have an alert set (Pink Line) for trendline and resistance break. If it takes these out with...
BA made a pinbar, although not all the way into the upward trendline. Purchased a few more 2023 expiration contracts. Fibonacci extensions places to show profit targets. Looking for $245 TP1 on breakout. RSI bullish divergence for confluence of the imminent breakout.
BABA has broken the local downtrend established in July. Buying pressure was significant, and caused a gap up. I'll start a small leap position if it continues to rise, but hold out the lion share of my investment waiting for lower gap fill. We also have other confluent confirmations. Bullish divergence of MACD and RSI indicators. The news that was the catalyst...
AMZN losing selling pressure as it comes close to the upward trendline established back in March of this year (21). Looking to buy if we get a confirmation candle like a pinbar or bullish engulfing candle. My inner desire is for AMZN to push do to one of the lower supports to allow a cheaper buy in, but the selling volume has abated to the point that I believe we...
BABA bounced off daily up-trend line established back in 2018. Also key support and resistance level @ $225 bounce. Green circles indicate long positions. Bought leaps expiring in June of 2022.
LOOKING TO BUY $235 CALLS JAN 15TH EXPIRATION. CRM HAS A GAP TO FILL, IS BOUNCING OFF OF SUPPORT IN A FALLING WEDGE , AND BOUNCING OFF OF ANOTHER SUPPORT AREA IT BROKE THROUGH DURING LAST EARNINGS IN AUGUST. $235 TARGET BASED ON GAP FILL, AND LINEAR REGRESSION . WILL ENTER ON 15M BREAK OF RESISTANCE DOWN TREND TRENDLINE W/ VOLUME