Swingman39

Swingman39

Looking back to the gap down at the beginning of 2017, M is showing a break out from the daily bull flag that started to take shape in June. Not saying anything about the death of retail, but this looks ready to run up, especially with earnings on 8/15

Swingman39 Updated 

Banks are falling and conversely, FAZ has been on the rise. We appear to be at 2 points of resistance; first is the descending wedge that has been forming over the last several months. 2nd, we seem to be back in that descending channel and nearing resistance. However, the 3rd point of resistance is the ~$11.50 price that has acted as historical support and...

Swingman39 Updated 

Since putting in ATHs on 6/21, SQ has been unable to push past. We are seeing lower highs in both price, RSI, Stochs and CCI. With the Russell 2000 also seeing weakness and also viewing that as a forward looking indicator, I see SQ coming down to retest some of the prior support levels

Swingman39 Updated 

If I'm correct, we should see a pull back next week to form wave B. Haven't used the EWT much in my technical analysis, but wanted to throw this out there and see what you all think. Any feedback is appreciated!

Swingman39 Updated 

In less than 1 month, Oracle has ripped 14% higher with no pull backs in the last 7 trading days. This has reached the prior highs and is due to retrace back down to $48-47.50 at least. This was beaten down for no real reason, but this needs to pull back and find support before it's next leg up. Heavy on 7/27 $48 puts for a high risk, quick swing trade

Swingman39

Looking to hold my Jul 20th $55 Calls bought back on 6/18 at 53.95 (or $0.80/contract). It's held the trend line of ~+20% so far (+2% based on stock price). If this continues until expiration, the lower trend line should yield ~45% at a close of $56.15 (+4% based on stock price), whereas the upper trend line that recently took shape could yield up to ~420% (8%...

Swingman39

+13% to retest $24. $24 Jul 20th options could return 50% if we retest in the next 2 weeks. RSI, Stochs and MACD all appear to be hooking up, so this might be ready to rock. Keep your eyes out for tonight's close.

Swingman39

Confirmation break out today with no supply above, so this could be off to the races

Swingman39

Using the prior retrace as my model, I'm looking for a similar 50% retrace of $SQ in the coming weeks. In Jul 20 puts, will jump out if tomorrow doesn't confirm reversal.

Swingman39

NYSE:LOW is currently bouncing off historical support, which was historical resistance 12 month ago. With the first target at prior resistance of ~$89.35, that marks a 4% increase that we could see in the coming days. Playing this with a June 8th $85.5 Call, that can move that 4% gain into ~30% by the end of the month. $95 is our next target, +10%, but I...